2026开年贵金属上演史诗级过山车：黄金触及5598.75美元新高后单日跌超9% 白银单日暴跌26%创1980年来最大跌幅

Group 1 - The international precious metals market experienced extreme volatility in early 2026, with significant price fluctuations attracting global financial attention [1] - In January, gold prices surged, reaching a historical high of $5598.75 per ounce, with a monthly increase of over 23%, while silver also hit a peak of $121.44 per ounce [1] - The price surge was driven by heightened geopolitical risks, a weakening dollar, and expectations of a shift in the Federal Reserve's policy towards easing [1] Group 2 - On January 30, a sharp reversal occurred, with gold futures on the COMEX dropping over 10% in a single day, and silver experiencing a 26% decline, marking the most severe single-day drop since 1980 [1] - The decline was influenced by the nomination of Kevin Walsh as the next Federal Reserve Chair, leading to market expectations of policy tightening, alongside a crowded long position and profit-taking [1] - In February, silver fell over 20% on February 5, erasing year-to-date gains, and further declines were noted on February 12, with a 10.73% drop [2] Group 3 - Investment products related to precious metals were affected, with the Guotou Ruijin Silver LOF experiencing a 31.5% drop in net value due to valuation method adjustments, prompting a compensation plan for affected investors [2] - Various institutions provided insights on the market volatility, with Dongfang Securities suggesting a wait-and-see approach for long-term investors until price stabilization occurs [2] - Guosheng Securities noted that the recent drop was a result of multiple factors, emphasizing that Walsh's policy stance would still be constrained by the U.S. economic fundamentals [2][3] Group 4 - As of mid-February, the precious metals market remained in a high-volatility phase, with institutions expecting continued elevated volatility, while the core logic supporting long-term price increases had not fundamentally changed [3]