Gold Companies - Shandong Gold (600547) is a leading domestic gold mining company with strong state-owned background, focusing on the Jiaodong Peninsula and possessing several top-tier gold mines, ensuring a complete gold industry chain from exploration to processing [1][12] - Chifeng Gold (600988) is a pioneer in internationalization within the gold industry, with high-grade core mining resources and significant cost advantages, actively expanding overseas projects in countries like Laos and Ghana [1][12] - Zijin Mining (601899) is a global mining giant with gold and copper as its core businesses, boasting extensive mineral resource layouts and advanced mining management techniques, providing strong support during market fluctuations [1][12] - Zhongjin Gold (600489) is a state-owned enterprise with a comprehensive gold industry chain, strong resource acquisition capabilities, and significant market presence in gold processing and circulation [1][12] - Western Gold (601069) is a leading gold mining company in Xinjiang, leveraging regional resource advantages and optimizing mining processes to enhance competitiveness [1][12] - Hunan Gold (002155) operates in both gold and antimony sectors, with a complete industry chain and strong market position in rare metals, effectively mitigating price volatility risks [1][12] - Yintai Gold (000975) focuses on gold and silver mining, with competitive mining costs and advanced recovery rates, continuously enhancing profitability through resource exploration [1][12] - Hengbang Shares (002237) is a leading gold smelting company with advanced technology and a complete industry chain, ensuring stable profitability and strong market presence [1][12] - Xiaocheng Technology (300139) combines gold mining with integrated circuits, benefiting from overseas gold assets and enhancing profitability through diversified operations [1][12] - Shengda Resources (000603) is a comprehensive precious metal resource developer with a stable production capacity and strong market presence in gold and silver [1][12] Silver Companies - Yuguang Gold and Lead (600531) is a leading silver smelting company with advanced technology and high recovery rates, focusing on high-value-added silver products [2][14] - Xingye Mining (000426) is a leading silver and multi-metal mining company with strong resource reserves and high recovery rates, effectively mitigating silver price volatility risks [2][14] - Chihong Zinc and Germanium (600497) focuses on silver and zinc-germanium, leveraging abundant resources and advanced mining techniques to maintain strong market competitiveness [2][14] - Zhongjin Lingnan (000060) is a large non-ferrous metal enterprise with a strong silver business, emphasizing technological innovation and resource utilization [2][14] - Tongling Nonferrous Metals (000630) integrates copper smelting with silver recovery, maintaining high recovery rates and product quality [2][14] - Jiangxi Copper (600362) is a comprehensive copper giant with a strong silver business, focusing on multi-metal development and technological innovation [2][14] - Western Mining (601168) is a multi-metal mining company with significant silver resources, emphasizing production capacity upgrades and cost control [2][14] - Yundeng Technology (000409) combines silver mining with smart mining technology, enhancing operational efficiency and reducing costs [2][14] - Guoyan Platinum (600459) is a leader in precious metal deep processing, focusing on high-end silver products and maintaining a strong market position [2][14] - Western Materials (002149) specializes in rare metal processing with a focus on high-end silver products, ensuring stable market demand and high added value [2][14]

今日（2月3日），黄金白银一路走高，反弹力度很大！截至发稿，现货黄金站上4900美元/盎司，日内涨超5%；现货白银站上87美元/盎司，日内涨超 10%。 | ■ 细约铂金 XPT | 2234.41 | +6.19% | | --- | --- | --- | | ■纽约白银 ടി | 87.23 | +13.27% | | ■ 伦敦银(现货白银) XAG | 87.18 | +10.28% | | ■绍约黄金 GC | 4946.11 | +6.31% | | ■ 伦敦金(现货黄金) XAU | 4919.84 | +5.66% | 与此同时，上海黄金交易所也出手了，调整了黄金、白银期货相关保证金水平和涨跌停板比例。 上金所又出手！ 2月3日，上海黄金交易所（简称"上金所"）发布《关于调整白银延期合约保证金水平和涨跌停板的通知》，2026年2月3日（星期二）自收盘清算时起， Ag(T+D)合约的保证金水平从26%调整为23%，下一交易日起涨跌幅度限制从25%调整为22%。 此前，上金所曾发布通知称，由于白银价格波动幅度较大，为防范市场风险，若2026年2月2日（星期一）Ag（T+D）合约出现单边市情况，则自 ...

Group 1 - The spot gold price surged back to the $4,900 per ounce mark, increasing over 5% in a single day, while spot silver prices rose above $86 per ounce, gaining over 8% [1] - The A-share precious metals sector experienced a strong rally, with notable gains such as Xiaocheng Technology rising over 18% and Hunan Gold hitting the daily limit, marking a trend of six gains in seven days [1] - The Shanghai Gold Exchange announced adjustments to margin levels and price limits for gold and silver contracts, effective February 4, with the margin for Au(T+D) contracts increasing from 16% to 17% and the price limit changing from 15% to 16% [1] Group 2 - Citic Securities' research report indicates that the price of non-ferrous metals and stock market momentum is strong, supported by supply disruptions, high demand, and stockpiling behavior, with a positive outlook for precious metals [2] - The report forecasts that gold prices could reach $6,000 per ounce by 2026, highlighting the investment value in the precious metals sector [2]

记者丨 叶麦穗 编辑丨曾芳 经过周五和周一的大跌之后，周二黄金和白银暴力反弹，截至北京时间18点（下同），黄金反 弹5.6%，完全收复了昨日的失地，白银的波动更大，今日最高反弹超过11%，盘中触及87.954 美元/盎司，经过周二的大幅反弹，黄金和白银将年内的涨幅恢复到14%和21%。 | 国际贵金属 | | | | | | --- | --- | --- | --- | --- | | 名称 | 现价 | 涨跌 | 涨跌幅 | 年初至今 | | 伦敦金现 | 4916.800 | 257.522 | 5.53% | 13.86% | | 伦敦银现 | 86.987 | 7.856 | 9.93% | 21.53% | | COMEX黄金 | 4940.0d | 287.4 | 6.18% | 13.26% | | COMEX白银 | 86.500d | 9.491 | 12.32% | 21.86% | | 伦敦金(人民币/克) | 1096.7182 | 57.4416 | 5.53% | 13.04% | | 伦敦银(人民币/千克) | 19402.9768 | 1752.3892 | 9.93% | ...

由于贵金属波动过大，上海黄金交易所（下称：金交所）今日再度发布通知，调整黄金部分合约保证金水平和涨跌停板，调整白银延期合约交易保证金水平 和涨跌停板比例进行。 上金所公告，根据《上海黄金交易所风险控制管理办法》的有关规定，自2026年2月4日（星期三）收盘清算时起，Au（T+D）、 mAu（T+D）、Au（T+N1）、Au（T+N2）、NYAuTN06、NYAuTN12等合约的保证金比例从16%调整为17%，下一交易日起涨跌幅度限制从15%调整为 16%；CAu99.99合约保证金每手120,000元调整至每手150,000元。 金银周五和周一的波动，也让市场感受到了波动的威力，据彭博汇编的数据，黄金30天波动率已攀升至44%以上，为2008年金融危机以来的最高水平。这一 数字超过了比特币约39%的波动率，后者通常被称为"数字黄金"。 21世纪经济报道记者 叶麦穗 经过周五和周一的大跌之后，周二黄金和白银暴力反弹，截至北京时间18点（下同），黄金反弹5.6%，完全收复了昨日的失 地，白银的波动更大，今日最高反弹超过11%，盘中触及87.954美元/盎司，经过周二的大幅反弹，黄金和白银将年内的涨幅恢复到14%和 ...

Group 1: Gold Contract Adjustments - The Shanghai Gold Exchange announced an increase in margin levels for certain gold contracts from 16% to 17%, effective February 4, 2026 [1] - The price fluctuation limit for these contracts will also be adjusted from 15% to 16% starting the next trading day [1] - The margin requirement for CAu99.99 contracts will rise from 120,000 yuan to 150,000 yuan per contract [1] Group 2: Silver Contract Adjustments - The margin level for Ag(T+D) silver contracts will be reduced from 26% to 23%, effective February 3, 2026 [2] - The price fluctuation limit for silver contracts will decrease from 25% to 22% starting the next trading day [2] Group 3: Market Performance - On February 3, gold prices experienced a strong rebound, with spot gold prices rising by 6% to above 4,900 USD per ounce [3] - Silver prices also saw significant gains, with spot silver prices increasing by over 10% to surpass 87 USD per ounce [4]

黄金携白银反弹，早前的创纪录涨势突然反转后，逢低买盘涌入贵金属市场。 现货黄金一度攀升6%，接近每盎司4，940美元。周一市场一度延续上周五的跌势，跌幅为十余年来最 大。白银上涨超过10%，重新回到87美元/盎司上方。美元回落，风险情绪重回市场。 贵金属价格从历史高位回落，此前市场观察人士接连发出警告，称其涨幅过大过快，尤其是白银。在那 之前，地缘政治动荡、货币贬值以及美联储独立性面临威胁等因素重新引发担忧，支撑了贵金属价格的 上涨。 Pepperstone Group Ltd．市场策略师Ahmad Assiri指出："如今支撑黄金的根基与修正前基本一致"，指的 是地缘政治风险、宽松货币政策预期以及黄金作为投资组合分散配置工具的作用。 Assiri补充道："不过，随着市场持续消化近期波动，短期内波动性可能仍将居高不下。" 责任编辑：李肇孚 黄金携白银反弹，早前的创纪录涨势突然反转后，逢低买盘涌入贵金属市场。 现货黄金一度攀升6%，接近每盎司4，940美元。周一市场一度延续上周五的跌势，跌幅为十余年来最 大。白银上涨超过10%，重新回到87美元/盎司上方。美元回落，风险情绪重回市场。 贵金属价格从历史高位回落， ...

2月3日16:00左右，现货黄金站上4900美元/盎司，收复昨日跌幅。现货白银日内涨幅逾9%，最新价格在86美元/盎司附近。 | KIT SE AUUSDU | | | --- | --- | | 薬品 | 4906.595 | | 买入 | 4905.598 | | 最新 4905.598 开盘 4669.080 | | | 涨跌 +246.320 最高 4933.615 | | | 涨幅 +5.29％最低 4666.083 | | | 振幅 +5.74%均价 **300978 | | | 伦敦银 AGUSDO | | | | --- | --- | --- | | 卖出 | 86.533 | | | 买入 | 86.473 | | | 最新 | 86.473 开盘 | 79.131 | | 涨跌 | +7.342 最高 | 86.996 | | 涨幅 | +9.28% 最低 | 79.131 | | 振幅 | +9.94%均价 档 秒 秒 1 | | 【市场有风险，投资需谨慎】 扬子晚报/紫牛新闻记者 马燕 校对 朱亚萍 ...

刚刚，贵金属价格反弹！ 当天，A股部分黄金概念股迎来反弹。截至今日收盘，晓程科技涨超18%，湖南黄金、菜百股份涨停， 紫金矿业涨超6%。湖南白银、白银有色则继续跌停。国内商品期货市场方面，贵金属走势分化，沪银 收跌16.71%，钯收涨8.62%。沪金期货主力合约探底回升，收盘上涨0.63%。 盘后，上海黄金交易所发布通知，调整黄金部分合约保证金水平和涨跌停板。自2月4日收盘清算时起， Au（T+D）、mAu（T+D）、Au（T+N1）、Au（T+N2）、NYAuTN06、NYAuTN12等合约的保证金 比例从16%调整为17%，下一交易日起涨跌幅度限制从15%调整为16%；CAu99.99合约保证金每手 120000元调整至每手150000元。 此外，调整白银延期合约保证金水平和涨跌停板，2月3日自收盘清算时起，Ag（T+D）合约的保证金 水平从26%调整为23%，下一交易日起涨跌幅度限制从25%调整为22%。 分析人士指出，当前，市场仍在消化近期的剧烈波动并重新评估风险偏好。短期内，贵金属的波动性可 能持续高企。 黄金、白银价格大幅反弹 在经历了前两个交易日的暴跌之后，黄金、白银价格今日（2月3日）迎来反弹 ...

交易咨询业务资格：证监许可【2012】1091号 重要提示：本报告非期货交易咨询业务项下服务，其中的观点和信息仅作参考之用，不构成对任何人的投资建议。 我司不会因为关注、收到或阅读本报告内容而视相关人员为客户；市场有风险，投资需谨慎。 CONTENTS 目 录 1 前日回顾 2 每日提示 3 4 5 今日关注 基本面数据 持仓数据 黄金 1、基本面：未来几天美伊将和谈，金价暴跌后反弹；美国三大股指全线收涨，欧洲 三大股指收盘全线上涨；美债收益率集体上涨，10年期美债收益率涨4.39个基点报 4.279%；美元指数涨0.51%报97.61，离岸人民币对美元贬值报6.9414；COMEX黄金期 货跌1.35%报4680.90美元/盎司；中性 2、基差：黄金期货1008.6，现货1011，基差+1.4，现货升水期货；中性 贵金属早报—— 2026年2月3日 大越期货投资咨询部 项唯一 从业资格证号： F3051846 投资咨询证号： Z0015764 联系方式：0575-85226759 3、库存：黄金期货仓单103029 千克，不变；偏空 4、盘面：20日均线向上，k线在20日均线下方；中性 5、主力持仓：主力净 ...