黄金、白银市场多空博弈加剧。新华社发 深圳商报记者 邱清月 近来全球金银价格呈现"冲高回落、震荡运行"的态势。受美联储货币政策预期、全球央行购金趋势及国内消 费投资需求等多重因素影响，黄金、白银市场多空博弈加剧，经历着惊心动魄的"过山车"行情，线下店铺投 资和回收市场热闹非凡。 业内人士认为，此次金银价格的极端波动是技术性调整与政策预期变化共同作用的结果，短期高波动性或持 续，但长期牛市基本面未改，后续价格有望逐步回归平稳震荡。 国内金银市场实物交易目前呈现"消费热"与"回收热"并存的独特格局，交易活跃度持续提升。在消费端，节 日消费与保值需求共同推动购金热情，品牌金店常出现排队购金场景，即便金价震荡，热门款式仍供不应 求。截至2月5日，周大福、老凤祥黄金零售价格分别报1555.0元/克、1568.0元/克，较年初仍处于高位；在回 收端，金银价格波动点燃变现意愿，银行、品牌金店、典当行等多元渠道全面升温，深圳水贝回收门店出现 排队现象，部分消费者变现盈利可观，不过不同渠道在定价、门槛上存在差异，消费者需要选择正规渠道回 收。 有望回归平稳走势 后续随着美联储货币政策走向逐渐明朗、全球地缘风险变化及国内消费场景 ...

Core Viewpoint - The Chongqing Consumer Rights Protection Committee conducted a comparative test on 30 badminton products, revealing that only five brands met national standards, while 24 brands failed to label production dates, raising concerns about product quality and consumer rights [1][3]. Group 1: Test Results - Five brands, including DECATHLON, VICTOR, WECAN, YONEX, and ASICS, received a five-star rating for meeting all three testing criteria: stability, durability, and labeling [1]. - Three brands, including Kairuite, PIK, and Difeite, failed to meet the stability standard, which assesses the flight trajectory and landing accuracy of the shuttlecock [2]. - Two brands, Kairuite and Difeite, did not meet the ball head hardness standard, which affects the feel and impact during play [2]. - Difeite also failed to meet the standard for the number of pressure cycles the shuttlecock can withstand without deforming [2]. Group 2: Labeling Issues - A total of 24 brands, including Difeite and Shengjie, did not label production dates, which is a requirement under the national standard [3][4]. - The lack of labeling makes it difficult for consumers to assess product suitability and trace quality issues back to the manufacturer [3]. Group 3: Consumer Guidance - The Chongqing Consumer Rights Protection Committee has held meetings with manufacturers of non-compliant products to address issues and improve quality control [5]. - Consumers are advised to purchase badminton products from reputable stores and check for clear labeling of manufacturer information and compliance certificates [5]. - Recommendations include selecting appropriate shuttlecocks based on usage, with nylon shuttlecocks for casual play and feather shuttlecocks for professional training [5].

Core Viewpoint - The price of gold has seen a significant increase, with spot gold surpassing the $5000 mark, reflecting a rise of over 1.2% [2] Price Movements - On February 4, the price of gold jewelry from various brands showed notable increases: - Chow Sang Sang's gold jewelry price rose to 1600 RMB per gram, up 102 RMB from the previous day [2] - Lao Miao's gold jewelry price reached 1571 RMB per gram, an increase of 73 RMB [2] - Lao Feng Xiang's gold jewelry price was reported at 1576 RMB per gram, up 58 RMB from the previous day [2]

2026年2月2日，伦敦金现价格在交易中一度失守4700、4600、4500美元多个整数关口，盘中最大单日跌幅约10%。 截至当天18:00，价格回升至4700美元上 方，日内跌幅收窄至3.69%。 自1月29日创下5598.75美元/盎司的历史高位后，伦敦金价在三个交易日内跌去近700美元，跌幅达12.81%。 2月3日，市场出现 暴力反弹，黄金收复4900美元/盎司，日内涨幅近6%，白银最高反弹超过11%。 2月5日的最新行情显示，伦敦金现跌破4900美元/盎司，日内狂泻152.06美元，最低探到4783.15美元/盎司。 国内市场方面，上海黄金交易所的黄金T D报 1090元/克，较昨日直接跳水3.49%。 周大福、老凤祥等金店足金价回落至1555-1568元/克，而工商银行如意金条逆势上涨2.58%，达到1143.32元/克。 这次暴跌的核心触发因素是美联储人事变动引发的连锁反应。 美国总统特朗普在1月30日提名鹰派人物凯文·沃什为下任美联储主席，沃什曾公开批评量化宽 松政策，认为美联储需要与美国财政部更紧密协作。 市场担心美联储可能收紧货币政策，导致高杠杆资金集中平仓，形成"多杀多"的踩踏行情。 同 ...

市文化旅游局介绍，2026年2月7日至8日，上海礼物马年新春市集将于浦东新区前滩公园巷钱家滩路限时步行街（耀龙路至前滩大道段）正式开市！市集 集结上海本土百家优质品牌，涵盖文创、美食、美妆、养生等多元品类。百余款重磅产品集中亮相，以马年生肖文化为纽带，让传统年货采购升级为沉浸 式文化消费体验。与此同时，巷里迎春·前滩新春大集也将同步展开，带你穿越回那个充满烟火气与期待的市集！详见↓ 尖货集结：海派好物解锁新春新味 上海礼物新春市集以销售与展示两大区域联动，全方位展现上海本土品牌的创新活力与文化底蕴，为市民打造一站式海派年货采购体验。 A 正 执 新 澳 方 o 0 8 60 限 好 110 # MS = 1 Shangha zerie l 正规方 (国际) 19997 每日餐茶 第2、第一种生活状态 (1) dd @ 孙佳沐客 SUN'S HUROKO . C. t from the state of the state of the state of the state of the state of the state of the station of the station of the state ...

Core Viewpoint - The core conclusion is that gold prices are expected to show a "high-level fluctuation, long-term bullish" trend by 2026, supported by multiple structural factors, despite potential short-term volatility influenced by market sentiment and policy expectations [2][3]. Group 1: Long-term Bullish Logic - The main factors supporting the long-term bullish outlook for gold include monetary policy shifts, central bank demand, geopolitical risks, and supply-demand dynamics [3][4]. - The Federal Reserve is expected to shift to a rate-cutting cycle, with predictions of a 50-100 basis point cut, which will lower the opportunity cost of holding gold and weaken the dollar, positively impacting gold prices [3][5]. - Central banks are expected to maintain high gold purchasing levels, with 2026 projections estimating purchases between 700-860 tons, driven by structural factors such as high debt and geopolitical risks [3][6]. - Geopolitical uncertainties, including the U.S. elections and ongoing conflicts, are likely to sustain demand for gold as a safe-haven asset [4]. - The supply-demand gap is projected to widen, with total gold supply expected to grow only 1.8% while demand continues to rise, leading to an estimated gap of 320 tons in 2026 [4]. Group 2: Institutional Perspectives - Global institutions show differing predictions for gold prices in 2026, with optimistic forecasts from firms like Goldman Sachs (targeting $5400/oz) and Bank of America (potentially reaching $6000/oz) based on rising private investment and central bank purchases [7][8]. - Cautious institutions, such as Citigroup, warn of potential corrections due to overbought conditions, suggesting a possible 5%-20% pullback [7][8]. - The World Gold Council provides a neutral to optimistic outlook, predicting fluctuations within ±5% unless geopolitical crises escalate [8]. Group 3: Investment Strategies - Investors are advised to consider various gold investment products based on their risk tolerance and investment horizon, including physical gold, gold ETFs, gold T+D, and gold futures [12][13]. - Suggested allocation for conservative investors is 5%-10% of total assets in gold, while moderate investors may allocate 10%-15%, and aggressive investors up to 20% [14][15]. - Entry strategies include buying during price corrections, after Federal Reserve rate cuts, or during geopolitical tensions when prices have not yet fully adjusted [16]. Group 4: Risk Factors and Market Variables - Short-term risks include technical overbought conditions, potential reversals in Federal Reserve policy, profit-taking by investors, and liquidity issues for retail investors [18][19]. - Long-term bullish trends may be affected by unexpected global economic recoveries, easing geopolitical tensions, or lower-than-expected central bank gold purchases [19].

1月30日，现货黄金（伦敦金现）价格快速下行，盘中一度跌破5000美元/盎司关口，跌幅超过8%。现货白银（伦敦银现）一度重挫超过18%，跌破100美元/ 盎司关口。 截至30日下午，现货黄金和现货白银的跌幅略有收窄，不过仍有6%和15%。年初至今的涨幅收窄至16%和37%左右。 现货黄金走势 金价跌了，之前买的金条金饰可以退吗 记者发现，有黄金品牌柜姐在社群中发布声明称：不能因为金价降了就要退货，不接受任何理由，退单一律扣500元。柜姐提醒称："下单要为自己的行为负 责，老板不会因为特殊情况特殊处理。"这一规定背后是否有法律支撑或行规约定俗成呢？ 黄金品牌柜姐在社群中发布声明 记者了解到，实体金店一般购买离柜后就不接受退款退货。线上方面退货规则相对复杂，不同平台和品牌有所区别。大多数平台和品牌都不接受投资金类产 品如金币、金条的退货；针对黄金首饰，部分品牌提出了签收后24-48小时内退货的限制（需不影响二次销售）。 面对市场波动剧烈可能产生的摇摆心理，部分品牌/平台设置了相关退货规定：生成物流单号/发货后再退款，需扣除订单金额1-5%的手续费及快递运保费。 部分品牌如融通金表示，金条付款成功后15分钟内可申请 ...

Core Viewpoint - Multiple gold jewelry brands have raised the prices of gold jewelry, reflecting a significant increase in consumer demand and market activity amid rising gold prices [2][15]. Price Adjustments - Major brands have adjusted their gold prices as follows: - Chow Tai Fook: 1566 CNY/g (+4.75%) - Lao Feng Xiang: 1576 CNY/g (+3.82%) - Zhou Liu Fu: 1561 CNY/g (+4.77%) - Chow Sang Sang: 1570 CNY/g (+4.81%) - Liufuk Jewelry: 1564 CNY/g (+4.76%) - Wo Zhi Cao: 1564 CNY/g (+4.76%) - Lao Miao: 1571 CNY/g (+4.87%) [3][16]. Consumer Behavior - The market in Shenzhen's Shui Bei area is experiencing high foot traffic, with many consumers and dealers actively inquiring and placing orders [3][20]. - The "gold exchange" consumption method, where consumers trade in old gold for new pieces, has significantly increased, with this method accounting for about 20% of sales, up from previous years [9][22]. Seasonal Trends - The Chinese New Year is a traditional peak season for gold consumption, and despite recent price fluctuations, consumer sentiment remains optimistic about gold prices [5][18]. Market Statistics - According to the China Gold Association, gold consumption in China for 2025 is projected to be 950.096 tons, a year-on-year decrease of 3.57%. - Jewelry: 363.836 tons (-31.61%) - Gold bars and coins: 504.238 tons (+35.14%) - Industrial and other gold: 82.022 tons (+2.32%) [11][24]. - Domestic gold ETF holdings are expected to increase significantly, with a total annual increase of 133.118 tons in 2025, a 149.91% rise compared to 2024 [11][24]. Central Bank Activity - Global central banks, including China, have been consistently increasing their gold reserves, with China adding 26.75 tons in 2025, bringing total reserves to 2306.32 tons by the end of December [12][25].

Core Insights - The report highlights a significant increase in complaints within the apparel sector, with nearly 40,000 complaints recorded in 2025, marking a 31.23% increase from 2024 [2][12] - The data indicates a strong correlation between complaint volumes and major e-commerce promotional events, particularly during pre-sale phases of events like Double 11 [2][12] Complaint Volume and Trends - The total complaint volume in the apparel sector reached close to 40,000, with a notable spike during major promotional events, especially Double 11, where daily complaints peaked at nearly 200 [2][12] - Complaints related to clothing accounted for 70.43% of the total, with common issues including poor product quality, difficulties in returns and exchanges, and discrepancies in product descriptions [2][12] Specific Product Complaints - Complaints regarding down products surged by over 60% in 2025, totaling more than 3,700 complaints, reflecting heightened consumer awareness and ongoing quality issues within the industry [3][13] Brand Response Rates - Among the top ten footwear and apparel brands, companies like FILA, Anta, Li Ning, NIKE, and Uniqlo demonstrated high responsiveness to consumer complaints, with response rates exceeding 95% [4][15] - In contrast, brands such as New Balance and ZARA did not respond to any consumer complaints, resulting in a response rate of 0% [4][15] Demographics of Complainants - The majority of complaints originated from consumers aged 20-40, who accounted for 91.43% of the total complaints, indicating a trend of younger consumers being more active in voicing their grievances [5][16] Geographic Distribution of Complaints - Guangdong province led in complaint volume with an 11.55% share, followed by Jiangsu and Shandong provinces at 8.47% and 8.04% respectively, while Zhejiang and Henan had lower complaint rates [6][17]

昨日现货黄金开盘就出现大涨，盘中最高涨至5091.62美元/盎司，但在晚间一度跌至4853.59美元/盎司，后续又有所回升。 最终收报4963.54美元/盎司，涨幅0.36%。今日现货黄金暂时承压中，截至发稿，金价暂报4909.79美元/盎司，跌幅1.08%。 昨日金价波动主要是早间金价延续前一日的技术性反弹而冲高，后续受美伊重启核谈判影响，市场避险情绪降温，部分投 资者选择提前获利了结，金价急跌。不过疲软的美国经济数据和市场的逢低买盘情绪又支撑金价出现回升。 高级市场分析师Rania Gule指出，当前黄金市场仍然处于"测试底部"的阶段，投资者正通过价格波动验证前期技术性调整是 否充分释放风险。而从趋势结构看，黄金要实现突破性反弹并重返历史高位，需满足两大核心驱动因素之一：地缘冲突的 超预期升级或美联储货币政策转向宽松。 在经历昨日全线大涨后，今日国内黄金市场除菜百与上海中国黄金价格保持不变外，其余主流品牌金价均出现不同程度下 跌，市场热度有所降温。不过，金价整体区间依然维持在1508-1568元/克的高位，老凤祥以1568元/克的价格与其他品牌拉 开了差距。今日金店高低价差为60元/克，较昨日有所收窄。以 ...