（文章来源：证券日报） 证券日报网讯 2月2日，中金黄金在互动平台回答投资者提问时表示，截至目前，公司未有应披露而未 披露的重大事项。 ...

金、银贵金属市场的波动风险，正在迅速蔓延整个大宗商品市场。 2月2日，除了上周末大跌的黄金、白银以外，铜、铝、锌等基本金属与原油、燃料油等品种也出现大幅下跌。截至当日收盘，沪金2604合 约大跌15.73%，沪银、铂、钯、铜、铝等多达12个商品期货出现跌停。 如此大范围的集体跌停走势十分少见，而以上"国际定价"类商品的系统性回落，也显然受到了一些共性的影响。 其中最为明显的，当属近两日美元指数的短期上行。1月30日，凯文·沃什被提名为下一任美联储主席，其主张的"缩表+降息并行"颠覆了市 场对货币宽松的预期，使得美元指数阶段性止跌反弹，引发了包括贵金属、原油等大宗商品的剧烈波动。 不过，就国内期货市场而言，因为前期以黄金为代表的商品出现快速拉涨，整体风险相对可控。 仅以某头部期货公司为例，2月2日的金、银期货投机保证金比例已经上调至30%和32%，其他工业金属也增加至18%以上，多保持在相关 品种单日涨跌幅的2倍左右。 这意味着，即便出现类似于伦敦银单日下跌26%的极端行情，多头持仓的投资者也不至于出现"爆仓"。 "国际定价"品种领跌 这是一次以黄金、白银暴跌为开端，并逐步向工业金属、石油化工等领域蔓延的系统性 ...

金、银贵金属市场的波动风险，正在迅速蔓延整个大宗商品市场。 2月2日，除了上周末大跌的黄金、白银以外，铜、铝、锌等基本金属与原油、燃料油等品种也出现大幅下跌。截至当日收盘，沪金2604合 约大跌15.73%，沪银、铂、钯、铜、铝等多达12个商品期货出现跌停。 如此大范围的集体跌停走势十分少见，而以上"国际定价"类商品的系统性回落，也显然受到了一些共性的影响。 其中最为明显的，当属近两日美元指数的短期上行。1月30日，凯文·沃什被提名为下一任美联储主席，其主张的"缩表+降息并行"颠覆了市 场对货币宽松的预期，使得美元指数阶段性止跌反弹，引发了包括贵金属、原油等大宗商品的剧烈波动。 不过，就国内期货市场而言，因为前期以黄金为代表的商品出现快速拉涨，整体风险相对可控。 仅以某头部期货公司为例，2月2日的金、银期货投机保证金比例已经上调至30%和32%，其他工业金属也增加至18%以上，多保持在相关 品种单日涨跌幅的2倍左右。 这意味着，即便出现类似于伦敦银单日下跌26%的极端行情，多头持仓的投资者也不至于出现"爆仓"。 "国际定价"品种领跌 这是一次以黄金、白银暴跌为开端，并逐步向工业金属、石油化工等领域蔓延的系统性 ...

Market Overview - On February 2, the market experienced fluctuations with all three major indices falling over 2%, and the Sci-Tech 50 index dropping over 3%. The Shanghai Composite Index closed down 2.48%, the Shenzhen Component Index down 2.69%, and the ChiNext Index down 2.46% [1] - The total trading volume in A-shares was 2.61 trillion yuan, a decrease of 255.83 billion yuan compared to the previous trading day. Over 4,700 stocks in the market declined, with 125 stocks hitting the daily limit down [1] Sector Performance - The liquor sector showed resilience, with Huangtai Liquor achieving three consecutive trading limits, and Jinhuijiu hitting two limits in three days. Water Well Liquor also reached the daily limit up [3] - Conversely, the non-ferrous metals, oil and gas, chemicals, coal, and semiconductor sectors faced significant declines. The non-ferrous metals sector was particularly hard hit, with multiple gold stocks such as Zhaojin Gold and Sichuan Gold experiencing limit downs [3][5] - The oil and gas sector also suffered, with domestic crude oil and fuel futures contracts hitting the limit down, both dropping approximately 7%. Brent crude oil futures fell to $66 per barrel, down 4.67%, while WTI crude oil futures dropped below $62 per barrel, down 4.94% [5][6] Hong Kong Market - The Hong Kong stock market opened lower and continued to decline, with the Hang Seng Technology Index expanding its losses to 4% in the afternoon. The Hang Seng Index closed down 2.23%, and the Hang Seng Technology Index fell 3.36% [6][7] - The precious metals sector in Hong Kong also faced significant losses, with stocks like Shandong Gold and Chifeng Jilong Gold dropping over 12% [7] - The three major telecom operators in China collectively weakened, with China Unicom down over 6%, China Telecom down over 5%, and China Mobile down over 2%. This was influenced by an adjustment in the value-added tax rate for telecom services from 6% to 9%, which will impact the revenue and profits of these companies [7]

Market Overview - The precious metals sector experienced a significant decline of 10.18% compared to the previous trading day, with Xiaocheng Technology leading the drop [1] - The Shanghai Composite Index closed at 4015.75, down 2.48%, while the Shenzhen Component Index closed at 13824.35, down 2.69% [1] Individual Stock Performance - Xiaocheng Technology (300139) closed at 54.70, down 18.96% with a trading volume of 740,500 shares [1] - Hengbang Shares (002237) closed at 18.59, down 10.02% with a trading volume of 60,500 shares [1] - Zhao Jin Gold (000506) closed at 23.10, down 10.01% with a trading volume of 10,800 shares [1] - Sichuan Gold (001337) closed at 59.56, down 10.00% with a trading volume of 3,480 shares [1] - Hunan Gold (002155) closed at 33.30, down 10.00% with a trading volume of 2,273,400 shares [1] - Zhongjin Gold (600489) closed at 33.21, down 10.00% with a trading volume of 62,600 shares [1] - Chifeng Gold (6009888) closed at 38.88, down 10.00% with a trading volume of 74,000 shares [1] - Western Gold (eoloea) closed at 40.25, down 10.00% with a trading volume of 23,500 shares [1] - Shandong Gold (600547) closed at 49.10, down 9.99% with a trading volume of 74,400 shares [1] - Shanjin International (000975) closed at 31.36, down 9.99% with a trading volume of 70,600 shares [1] Capital Flow Analysis - The precious metals sector saw a net outflow of 1.039 billion yuan from institutional investors, while retail investors experienced a net inflow of 769 million yuan [1] - The following stocks had notable capital flows: - Shanjin International (000975) had a net inflow of 1.414 million yuan from retail investors, despite a net outflow of 10.571 million yuan from institutional investors [2] - Sichuan Gold (001337) saw a net outflow of 10.7625 million yuan from institutional investors, with a net inflow of 781.43 million yuan from retail investors [2] - Zhao Jin Gold (000506) had a net outflow of 16.9277 million yuan from institutional investors, while retail investors contributed a net inflow of 1.25826 million yuan [2] - Hengbang Shares (002237) experienced a net outflow of 22.7305 million yuan from institutional investors, with a net inflow of 1.82554 million yuan from retail investors [2] - Zhongjin Gold (600489) had a net outflow of 87.5449 million yuan from institutional investors, while retail investors contributed a net inflow of 5.4129 million yuan [2]

国内多种期货合约跌停。 2月2日，贵金属继续崩盘。现货白银一度抹去今年迄今全部涨幅，盘中暴跌14%，黄金暴跌约10%。 国际金属价格全线暴跌。 这一波金银的崩盘，也连累了全球股市。 韩国股市暴跌5%，日本股市早盘一度涨近2%，尾盘跌超1%。 | 亚太市场 | | | | | --- | --- | --- | --- | | | 最新 = | 涨幅 ◆ 涨跌 = > | 取消排序 | | 4949.670 | | -5.26% -274.690 | 韩国综合 | | | | | KS11 | | 富时印尼指数 | | 2925.190 -3.95% -120.220 | WIIDN | | 富时亚太指数 | 472.810 | -2.33% -11.280 | | | | | | AW06 | | | | 52655.180 -1.25% -667.670 | 日经指数 | | | | | N225 | | 富时东盟 40指数 | | 13478.210 -1.07% -145.810 | | | | | | FS0003 | | 澳大利亚普通股指数 | | 9068.800 -1.05% -96.000 | ...

上天天基金APP搜索777注册即可领500元券包，优选基金10元起投！限量发放！先到先得！ 没想到这短短几天，天天见证历史！ 2月2日，贵金属继续崩盘。 现货白银一度抹去今年迄今全部涨幅，盘中暴跌14%，黄金暴跌约 10%。 国际金属价格全线暴跌。 国内多种期货合约跌停。 | 跌停 | 跌停 | 跌停 | | --- | --- | --- | | 沪银主连 | 沪金主连 | 沪铜主连 | | 24832 | 1005.40 | 98580 | | -5087 -17.00% | -191.52 -16.00% | -9760 -9.01% | | 大幅下跌 | 跌停 | 跌停 | | 碳酸锂主连 | 原油主连 | 沪铝主连 | | 132500 | 449.0 | 23035 | | -21480 -13.95% | -33.9 -7.02% | -2280 -9.01% | 新加坡Vantage Point Asset Management首席投资官尼克·费雷斯这样描述：上周五出现的避险 式回调并延续到今天亚洲（美债收益率上行、股市下跌、美元走强、贵金属大幅回调），背后逻辑 是市场认为美联储可能转向更鹰派 ...

Market Overview - The capital market experienced a significant downturn, with major indices in the Asia-Pacific region, including the Hang Seng Index and A-shares, dropping over 2%. The South Korean stock market fell more than 5%, triggering a circuit breaker. The futures market saw widespread declines in commodity prices, with many contracts hitting their daily limit down [2]. Precious Metals Sector - The precious metals sector faced a dramatic decline, with over 30 stocks hitting the limit down. Key players such as Shandong Gold and Zhongjin Gold saw declines of 10% [5]. - Futures prices for silver, platinum, palladium, lithium carbonate, nickel, tin, copper, aluminum, and crude oil all fell sharply, with gold futures dropping over 15%. This followed a period of irrational price surges driven by factors like de-dollarization and geopolitical risks [7]. - Market institutions have mixed views on the future of precious metals. Citigroup warned that half of the current risk premium for gold may dissipate by late 2026, while other institutions like CITIC Securities maintain bullish forecasts, predicting gold could reach $6,000 per ounce by 2026 [8]. Semiconductor and AI Sector - The South Korean stock market's decline was largely attributed to the semiconductor and AI supply chain, with major companies like Samsung Electronics and SK Hynix experiencing significant drops of nearly 6% and over 8%, respectively. The A-share storage chip sector also saw substantial declines, with multiple stocks falling over 10% [10]. - Reports indicate that major manufacturers are tightening order reviews to mitigate market volatility caused by excessive orders from some clients [12]. Electric Grid Equipment Sector - The electric grid equipment sector performed well against the market trend, with companies like Baobian Electric and Hancable hitting the daily limit up, and TBEA rising over 4% [14]. - The global AI computing power construction is entering a rapid growth phase, with high-power and stable electricity supply becoming critical for computing clusters. Transformer factories are reportedly operating at full capacity, with some orders extending to 2027 [16]. - The State Grid announced a fixed asset investment of 4 trillion yuan during the 14th Five-Year Plan period, a 40% increase from the previous plan, indicating a historical high in investment [17].

来源：中新经纬 2日，A股三大指数开盘涨跌不一，随后震荡下行，集体大跌超2%。截至收盘，沪指跌2.48%，深证成指跌2.69%，创业板指跌2.46%。全市成交额2.61万 亿，超4600只个股下跌。 板块方面，白酒板块领涨；电网设备概念逆势走强；午后食品饮料股局部异动，多股逆势上涨；培育钻石、特高压等板块涨幅居前。 贵金属板块大跌，招金黄金、中金黄金、四川黄金、湖南黄金等十余股跌停；存储芯片概念午后跌势扩大，多股跌停；煤炭板块持续走弱，多股大跌；油 气、农业、半导体芯片等方向跌幅居前。 | L | w A股 | | | | --- | --- | --- | --- | | A股 港股 美股 | 全球 | 商品 | 外汇 》三 | | 已为您生成昨日市场智评 | | | 查看 | | 内地股票 △ ⊙ | | | | | 行情 | 资金净流入 | | 涨跌分布 | | 上证指数 | 深证成指 | | 科创综指 | | 4015.75 | 13824.35 | | 1760.23 | | -102.20 -2.48% | -381.54 -2.69% | | -72.33 -3.95% | | 万得全A | 创 ...

Core Insights - The recent volatility in precious metals, particularly gold and silver, has been extreme, with gold reaching a peak of $5,598 before dropping below $4,700, indicating fierce market contention between bulls and bears [1][2] - The nomination of Kevin Warsh as the next Federal Reserve Chair has triggered significant market reactions, with traders interpreting his stance on monetary policy as potentially hawkish despite his previous support for rate cuts [2][3] - Geopolitical risks, including U.S. military interventions and tensions with Iran, have been key drivers for the rise in gold and silver prices, as they heighten market risk aversion [5][6] Market Reactions - Gold prices experienced a dramatic fluctuation, with a drop of 3.3% on Monday, followed by a recovery that narrowed the loss to around 1%, but later expanded to a 4.3% decline [1] - Silver prices were even more volatile, initially plummeting over 10% to below $75 per ounce before rebounding to above $87, only to fall again by over 4% [1] - The stock market also reflected this panic, with numerous gold-related stocks in both A-shares and Hong Kong shares experiencing significant declines [1] Economic Indicators - The Producer Price Index (PPI) in the U.S. rose by 3% year-on-year, surpassing expectations and contributing to a stronger dollar and higher U.S. Treasury yields, which negatively impacted gold prices [3] - The upcoming U.S. non-farm payroll report is anticipated to be a crucial catalyst for market direction, with weak employment data potentially reversing the trend of a strong dollar and reigniting gold buying [3] Geopolitical Factors - The increase in geopolitical tensions, such as U.S. military actions in Venezuela and warnings regarding Iran, has significantly influenced market sentiment and the demand for safe-haven assets like gold [5][6] - The ongoing negotiations between the U.S. and Iran regarding nuclear agreements may continue to affect precious metal prices as developments unfold [5] Physical Demand - Despite market volatility, physical demand for gold remains strong, particularly in India, where premiums surged to $121 per ounce ahead of the federal budget announcement [6] - The approaching Lunar New Year in China is expected to boost demand for gold jewelry and investment, maintaining high premiums in the market [7]