黄金直线拉升，美元急跌，白银飙升5%，美联储降息概率有变

Group 1 - The core consumer price index (CPI) in the U.S. fell from 2.7% to 2.4% in January, marking the lowest level since May 2025, while the core CPI decreased from 2.6% to 2.5%, the lowest since March 2021, aligning with market expectations [1] - Following the CPI data release, the U.S. dollar index dropped below 97, and U.S. stock index futures experienced a mild rebound, with spot gold rising over 1% and silver increasing nearly 5% [1] - The two-year U.S. Treasury yield fell to around 3.4%, the lowest since October of the previous year, indicating a shift in market sentiment towards potential interest rate cuts by the Federal Reserve [1] Group 2 - Gold and silver have experienced significant fluctuations in the current precious metals market, with gold's year-to-date increase shrinking from 25% to 15%, while silver's rise has decreased from over 50% to around 7% [4] - The divergence in performance between gold and silver is attributed to their differing investment attributes, with gold being a prominent safe-haven asset and silver having a higher industrial demand component, leading to greater price volatility during market adjustments [4][5] - The gold-silver ratio, an important indicator of the relative strength of precious metals, has risen from below 50 at the beginning of the year to 65, suggesting increased market risk aversion and a preference for gold over silver [5]