两市成交额:2.58万亿 市场热度:13 0 较上一日: -2508亿 今日预测量能: 0 50 100 2.58万亿 -2508亿 盘面上，全市场超4600只个股下跌，其中123只个股跌停。从板块来看，白酒概念反复活跃，皇台酒业3 连板，金徽酒3天2板，水井坊触及涨停。电网设备概念逆势走强，汉缆股份、白云电器、三变科技、保 变电气等多股涨停。 下跌方面，有色金属、油气、化工、煤炭、半导体等板块跌幅居前。其中有色金属板块遭重挫，四川黄 金、赤峰黄金、铜陵有色、西部矿业等多股跌停。存储芯片概念大跌，兆易创新、开普云跌停。 凤凰网财经讯 2月2日，市场全天震荡调整，三大指数均跌超2%，科创50指数跌超3%。截至收盘，沪指 跌2.48%，深成指跌2.69%，创业板指跌2.46%。沪深两市成交额2.58万亿，较上一个交易日缩量2508 亿。 | | | | | 沪深京重要指数 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 *● | 最新 | 涨幅% | | 涨跌 涨跌家数 | | 总手 | 现手 金额 | | 上证指数 | 4015.75 ...

Group 1 - The core viewpoint of the articles highlights significant volatility in gold prices, with a notable drop of 9.25% on January 30, reaching $4,880.3 per ounce, marking the largest single-day decline in 40 years. This decline is attributed to the nomination of Kevin Warsh, a hawkish candidate, as the next Federal Reserve Chair, which raised expectations for a stronger dollar and triggered profit-taking among bullish investors [1][2] - The China Securities Index for gold industry stocks (931238) shows a decline in major stocks, with Xiaocheng Technology leading at a drop of 19.88%, followed by Shandong Gold at 12.07% and Chifeng Gold at 11.58%. The index reflects the performance of 50 large-cap companies involved in gold mining, smelting, and sales in the mainland and Hong Kong markets [1][2] - The gold stock ETF fund (159322) has seen a recent trading volume of 547.26 million yuan, with a turnover rate of 1.69%. Over the past week, the average daily trading volume reached 1.08 billion yuan, indicating a strong interest in gold stocks despite recent price fluctuations [1] Group 2 - The recent surge and subsequent drop in gold prices have deviated from traditional fundamentals, with the primary driver being a trend towards "de-dollarization," positioning gold as a key value anchor. The historical threshold of $5,500 per ounce is seen as a significant point, indicating structural shifts in the dollar-debt system established post-Bretton Woods [2] - The top ten weighted stocks in the China Securities Index for gold industry stocks account for 61.69% of the index, with major companies including Zhongjin Gold, Zijin Mining, and Shandong Gold. This concentration highlights the dominance of a few key players in the gold sector [2]

贵金属极端行情仍在延续。 消息面上，受获利回吐和短期期货交易者多头平仓等因素影响，国际黄金和白银价格1月30日继续大幅下跌，均创下数十年来最大单日跌幅。 方正证券援引多家机构分析指出，经历近一个月来金银价格暴涨，此次市场抛售在所难免。总部位于伦敦的布里坦尼亚全球市场公司资产经纪公司分析师 表示，考虑到1月份贵金属上涨的速度和幅度，此次回调并不出乎意料。英国研究机构金属聚焦公司分析师认为，近来贵金属上涨行情呈现非理性，但鉴 于投资者面临持续的地缘政治风险和经济不确定性，市场抛售或难以持续。 截至13时56分，现货黄金报4536美元/盎司，现货白银报75美元/盎司。 受此影响，国内期货市场上，黄金期货主力合约沪金2604一度跌超15%，触及1016元/克；此外，沪银主力合约跌停。 截至2月2日午后，A股黄金股大面积跌停。 | 名标 | 现价 | 涨跌 | 涨跌幅 - | | --- | --- | --- | --- | | 菜绅通灵 | 8.34 | -0.93 | -10.03% | | 恒邦股份 | 18.59 | -2.07 | -10.02% | | 招金黄金 | 23.10 | -2.57 | -10 ...

记者｜金珊 见习记者林健民 林芊蔚 编辑｜江佩佩 贵金属极端行情仍在延续。 2月2日下午，现货黄金失守4500美元/盎司，为1月9日以来首次，日内重挫7.9%。截至发稿回 调至4530美元/盎司上方，现货白银一度跌破73美元/盎司，日内跌14%。 国内黄金品牌金饰价格方面，2月2日，周生生足金饰品价格为1484元/克，较1月29日（国际金 价创历史新高日）下降224元；周六福足金饰品价格1484元/克，较1月29日下降217元/克；周 大福足金价格为1489元/克，较1月29日跌217元/克；老庙足金饰品价格为1509元/克，较1月29 日跌217元/克。 受此影响，国内期货市场上，黄金期货主力合约沪金2604一度跌超15%，触及1016元/克；此 外，沪银主力合约跌停。 截至2月2日午后，A股黄金股大面积跌停。 | 名称 | 现价 | 涨跌 | 涨跌幅 ▲ | | --- | --- | --- | --- | | 菜绅通灵 | 8.34 | -0.93 | -10.03% | | 恒邦股份 | 18.59 | -2.07 | -10.02% | | 招金黄金 | 23.10 | -2.57 | -10.0 ...

Investment Rating - The industry investment rating is "Outperform" [1] Core Views - Gold prices experienced extreme volatility, with a significant rise followed by a sharp decline due to market sentiment and external factors, but the nomination of Waller is not seen as a turning point for the market [2][12] - Copper prices are expected to stabilize after recent fluctuations, supported by strong fundamentals and low inventory levels, suggesting a buy-and-hold strategy for copper mining stocks [3][13] - Lithium prices have been declining, but demand is expected to increase due to new policies and seasonal factors, indicating potential for future price support [4][14] Summary by Sections 1. Weekly Research Insights - Gold: After a rapid increase, gold prices faced a sharp drop, but the overall upward trend remains intact for long-term investors [2][12] - Copper: The extreme market sentiment has subsided, and the fundamentals for copper remain strong, suggesting a hold on copper mining stocks [3][13] - Lithium: Inventory levels are decreasing, and new demand drivers are emerging, indicating a potential rebound in prices [4][14] 2. Sector Performance - The non-ferrous metals index increased by 3.70%, outperforming the market by 4.14%, ranking 4th among 30 sub-industries [16] - Top performers in the non-ferrous metals sector included gold, copper, and lead-zinc, with individual stocks like Hunan Gold showing significant gains [16][22] 3. Metal Prices and Inventory - New energy metals: Cobalt prices increased, while lithium prices decreased significantly [23][24] - Base metals: Domestic prices for copper, aluminum, and zinc rose, while lead prices slightly declined [33][35] - Precious metals: Gold and silver prices fell sharply, with gold down 4.7% and silver down 22.5% [47][48]

新华财经北京2月2日电（吴郑思）继上周五（1月30日）史诗级下跌之后，周一（2月2日）早盘，贵金属延续宽幅震荡，整体继续大幅走弱。 早盘国内开盘前，国际现货黄金在下挫超2%之后快速反弹，并一度"翻红"，但其后便重回跌势，低点回踩4600美元／盎司关口。现货白银更是一度跌近 10%，但随后有走出快速反弹行情，并一度转涨3%。 | 序号 | 代码 | 合约名称 | 最新 | 招聘 中国贸 | | --- | --- | --- | --- | --- | | ਜ | 801053 | 贵金属 | 7789.35 | -10.03% | | 2 | 000506 | 招金黄金 | 23.10 | -10.01% | | 3 | 000975 | 山金国际B | 31.36 | -9.99% | | ব | 001337 | 四川黄金B | 59.560 | -10.00% | | 5 | 002155 | 湖南黄金R | 34.19 | -7.59% | | 6 | 002237 | 恒邦股份B | 18.59 | -10.02% | | 7 | 002716 | 湖南白银R | 17.14 | -9.98% | ...

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！ 没有意外的杀跌！ 早上开盘，A股贵金属板块大跌，晓程科技、招金黄金、四川黄金、湖南黄金、中金黄金、赤峰黄金、西 部黄金、山东黄金等十余股竞价跌停。油气板块和商品期货亦大多迎来暴击。 与此同时，外围变数再现。有消息指出，美国杠杆贷款指数（Leveraged Loan Index）正在下跌，回到 了 2025年4月以来的最低点，这是流动性出现问题的先兆。事实上，周末虚拟币市场大跌，也印证了这 个问题。 全线杀跌 外围市场不单是贵金属在跌，天然气的杀跌在极大程度上也影响了能源板块的走势。 受近期天气预报转暖影响，美国天然气期货价格大幅下挫，几乎回吐前一交易日的全部涨幅。报道称，近 月合约在亚洲早盘一度下跌17%，至每百万英热单位3.62美元。故而，今天早上，A股油气板块几乎是全 线跌停。通源石油、中曼石油、准油股份、石化油服、贝肯能源竞价跌停，科力股份、潜能恒信跌超 10%。 商品期货市场早上开盘亦是多数大跌。文华财经数据显示，截至9:04，沪银期货主力合约跌停，沪金期货 主力合约跌超10%，铂期货主力合约跌停，钯期货主力合 ...

Core Viewpoint - The domestic precious metals market experienced a historic shock on February 2, 2026, with significant declines in futures and stocks, prompting the Shanghai Gold Exchange to implement emergency risk control measures to stabilize the market [2][3][4]. Market Reaction - On February 2, the main silver futures contract on the Shanghai Futures Exchange hit the limit down, while gold futures fell over 10%, leading to a collective drop in the A-share precious metals sector, with over ten stocks hitting the limit down [2][6][7]. - The spot gold price fell below $4600 per ounce, with an intraday decline of 6.25%, reflecting a broader panic in the market [2][9]. Regulatory Response - The Shanghai Gold Exchange issued an urgent announcement to adjust the margin levels and price fluctuation limits for silver deferred contracts, aiming to curb excessive volatility and maintain market stability [3][4]. - The margin for silver contracts was raised from 20% to 26%, and the price fluctuation limit was increased from 19% to 25% in response to significant price movements [3][4]. Underlying Factors - The recent volatility in the precious metals market was attributed to multiple factors, including external liquidity concerns, changes in Federal Reserve policies, and panic selling among investors [11][12][14]. - The sharp decline in international gold prices, which fell over 12% in a single day, and the extreme volatility in silver prices, which dropped over 36%, were significant contributors to the market's instability [4][11]. Broader Market Impact - The panic in the precious metals market led to a domino effect, causing declines in related sectors such as oil and gas and telecommunications, with many stocks in these sectors also experiencing significant drops [10][11]. - The domestic commodity futures market saw widespread declines, with various precious metal futures hitting limit down, reflecting a broader market retreat [8][10]. Future Outlook - The long-term outlook for precious metals remains influenced by several key variables, including Federal Reserve policy adjustments, global liquidity changes, and geopolitical uncertainties [27][28]. - Despite the short-term volatility, the fundamental drivers for gold's long-term value, such as ongoing monetary easing and strong central bank demand, remain intact [24][25].

Group 1 - The core viewpoint of the article highlights a significant decline in gold and silver prices, with gold dropping over 6% to below $4600 per ounce, marking a decline of over $1000 from its historical high of $5598.88 per ounce set on January 29, representing the largest single-day drop in nearly 40 years [1][9][10] - Silver prices also experienced a sharp decline, with spot silver falling below $77 at one point, and later reported to be down over 9% to $76.8 per ounce [2][3] - Futures markets showed widespread declines, with various precious metals such as silver, platinum, and palladium hitting their daily limit down, and gold futures dropping over 11% [5][6] Group 2 - The article describes the "Walsh Storm" as a catalyst for the extreme market panic, with silver prices plummeting by 26% and gold by 9% on a single day, marking the worst performance in a decade [9][10] - The appointment of the hawkish Walsh as the Federal Reserve Chair led to a cooling of interest rate cut expectations, resulting in a strong dollar and a rapid reversal of the bullish trend in precious metals [10][11] - Major exchanges have responded to the volatility by raising margin requirements for gold and silver trading, indicating a tightening of market conditions [15][16] Group 3 - The article raises concerns about a potential bubble in the gold market, with warnings from analysts that the recent surge in gold prices may be speculative and could lead to a significant price correction [19][20][21] - Citigroup has cautioned that gold valuations have reached extreme levels, with global gold expenditure as a percentage of GDP hitting a 55-year high, suggesting a risk of a price halving if the allocation returns to historical norms [23][24] - Despite the bearish outlook, some analysts believe that the fundamental support for gold remains strong due to ongoing currency devaluation and geopolitical risks, suggesting a complex market environment [26][28]

Group 1 - The core point of the article highlights the performance of the Zhongzheng 500 ETF Tianhong (159820), which experienced a decline of 2.59% to 1.391 yuan at midday, with a trading volume of 6.4037 million yuan [1] - The major holdings of the Zhongzheng 500 ETF Tianhong include stocks such as Yingweike, which fell by 2.51%, and Xinyi Communication, which rose by 1.49%. Other notable movements include Giant Network down 1.43%, and Chifeng Gold down 10.00% [1] - The performance benchmark for the Zhongzheng 500 ETF Tianhong is the Zhongzheng 500 Index return, managed by Tianhong Fund Management Co., Ltd. Since its establishment on August 7, 2020, it has achieved a return of 42.49%, with a monthly return of 12.28% [1]