黄金涨3%、白银涨5%，这轮回调稳了吗

Core Viewpoint - The precious metals market has experienced significant volatility, with gold and silver prices rebounding after sharp declines, indicating a turbulent trading environment influenced by market sentiment and external factors [2][3]. Group 1: Market Performance - As of February 3, 2026, gold was priced at $4809.25, reflecting a daily increase of over 3%, while silver reached $83.808, with a daily rise exceeding 5% [2][3]. - On February 2, 2026, gold prices fell below $4800 per ounce, marking a daily decline of 3.35%, and silver saw a drop of 6% to $79.57 per ounce [2]. - The maximum intraday drop for gold on January 31, 2026, was 12%, reaching a low of $4682 per ounce, while silver experienced a historic intraday decline of over 36%, hitting $74.28 per ounce [3]. Group 2: Institutional Responses - Major state-owned banks have issued multiple risk warnings regarding precious metal price volatility, with the Industrial and Commercial Bank of China (ICBC) issuing four alerts within a week [4]. - ICBC advised investors to adopt a medium to long-term perspective and to diversify their investment strategies in light of increased market volatility [4]. - Several banks have raised the investment thresholds for precious metals and implemented limit management to help investors manage risks [5]. Group 3: Market Analysis - Analysts have noted that the extreme volatility in the precious metals market is partly due to increased leverage and positions, leading to a broader market sell-off [3][6]. - The nomination of Kevin Warsh as the next Federal Reserve Chairman by President Trump has created expectations of potential policy shifts, impacting market sentiment [6]. - Despite short-term pressures from a stronger dollar and liquidity contraction, some analysts believe that the long-term outlook for precious metals remains positive due to geopolitical factors and fiscal sustainability concerns [6][7].