紧急公告!多只LOF基金,暂停大额申购!
证券时报·2026-01-31 03:01

Core Viewpoint - The article highlights the recent trend of strict purchase limits on cross-border LOF funds, particularly those related to commodities like gold and oil, due to market volatility and increased speculative investments [1][2]. Group 1: Fund Purchase Limits - Several funds, including the Jiashi Gold LOF and Jiashi Oil LOF, have announced significant purchase limits, with some funds capping daily investments to as low as 2 yuan [3]. - The imposition of these limits is a response to the influx of speculative capital during market downturns, which can lead to cash being idled if it exceeds the fund's investment capacity [3]. Group 2: Market Performance and Analysis - On January 30, the market saw a sharp decline in commodity-related stocks, particularly in the precious metals sector, with declines of 8% to 9% observed in various ETFs [5]. - The Jiashi Gold LOF experienced a 7.5% drop on the same day, although it still recorded a year-to-date increase of 15.75% [6]. Group 3: Factors Influencing Market Movements - The decline in gold and silver prices is attributed to several factors, including anticipated changes in the Federal Reserve's leadership and increased margin requirements for trading in precious metals [7]. - The market is also reacting to high leverage positions being liquidated, which has contributed to the overall downturn in the precious metals sector [7]. Group 4: Future Outlook - Despite the short-term corrections, some institutions remain optimistic about the long-term potential of gold, citing historical data that suggests rebounds typically follow significant short-term declines [9]. - The article notes that geopolitical tensions and structural supply-demand gaps are expected to support the prices of precious metals in the medium to long term [10].