美联储理事丽莎·库克：美国经济形势稳健，但有迹象显示中低收入家庭的前景正在恶化。 来源：滚动播报 ...

Group 1 - Global panic selling has swept the precious metals market, with silver prices dropping by 34.67% from over $110/oz to $75.38/oz, and gold prices falling by 12.41% from $5400/oz to $4709.68/oz [1] - As of the market close, spot gold was reported at $4880.034/oz, down 9.25%, marking the largest single-day decline since April 1, 1980 [4] - The U.S. stock market experienced a broad decline, with the Nasdaq down 1.22%, the Dow Jones down over 1%, and the S&P 500 down 0.92% [5] Group 2 - President Trump nominated Kevin Walsh as the next Federal Reserve Chairman, shifting market focus to his monetary policy stance and the independence of the Fed [5] - Analysts predict that the Federal Reserve may lower interest rates by approximately 50 to 100 basis points over the next year, which could influence gold prices [5] - Despite the current volatility, analysts from China International Capital Corporation (CICC) suggest that the gold bull market may not be over, as the Fed's policies and U.S. economic conditions continue to evolve [6] Group 3 - Industrial and Commercial Bank of China (ICBC) announced adjustments to its personal gold accumulation business, implementing limit management for transactions on non-trading days starting February 7, 2026 [6][7] - China Construction Bank (CCB) also announced an increase in the minimum amount for personal gold accumulation plans to 1500 yuan, effective February 2, 2026 [7] Group 4 - Retail gold stores generally do not accept returns after purchase, while online platforms have varying return policies, often not allowing returns for investment gold products [9][13] - Some brands have specific return policies for gold jewelry, allowing returns within 24-48 hours under certain conditions, while others impose fees for returns [11][13] - Legal interpretations indicate that gold jewelry and bars purchased in physical stores are generally not subject to a 7-day no-reason return policy, aligning with consumer protection laws [13]

国际贵金属价格1月31日继续大幅杀跌，现货黄金遭遇40年来最大下跌，最高跌超12%。现货白银一度暴跌超过36%，创出历史最大日内跌幅。 现货黄金最终收跌9.52%，报4865美元/盎司。现货白银收跌26.9%，报84.7美元/盎司。现货铂金重挫17.59%。现货钯金重挫14.89%。 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？ 记者浏览发现，社交平台上有不少网友提及被扣款的经历，其中有人因退货金条产品被平台扣款超千元。有受访消费者表示理解黄金的投资属性，也愿意 支付手续费。但还是觉得5%的比例偏高，且其申请退款时平台并未明显提醒称要扣手续费（退货规则一般在商品详情页中）。 广东深翔律师事务所彭泽龙律师表示，根据《消费者权益保护法》第25条，实体店购买的金饰/金条原则上不适用7天无理由退货。而线上购买的投资类金 条普遍标注"不支持7天无理由退货"，司法实践认定其属"根据商品性质不宜退货的商品"。针对 ...

Core Viewpoint - A panic sell-off has swept through the global precious metals market, leading to significant declines in both silver and gold prices, with silver dropping as much as 34.67% and gold falling by 12.41% in a single day [1][4]. Group 1: Market Performance - Spot silver experienced a drastic decline, falling from over $110 per ounce to $75.38 per ounce [1]. - Spot gold dropped from $5,400 per ounce to $4,709.68 per ounce, marking a decrease of 12.41% [1][2]. - The closing price for spot gold was reported at $4,880.034 per ounce, reflecting a 9.25% drop, the largest single-day decline since April 1, 1980 [4]. Group 2: Economic Implications - The market is anticipating a potential interest rate cut by the Federal Reserve, estimated to be between 50 to 100 basis points over the next year, following the nomination of Kevin Walsh as the next Fed Chair [5]. - Analysts suggest that the current gold bull market may not be over, despite the volatility, as the Fed's policies and the U.S. economy have not yet shown signs of a turning point [5][6]. Group 3: Institutional Responses - Industrial and Commercial Bank of China (ICBC) announced new limits on personal gold accumulation business starting February 7, 2026, in response to the volatility in gold prices [6][8]. - China Construction Bank (CCB) has raised the minimum amount for regular gold accumulation plans to 1,500 yuan, effective February 2, 2026 [8].

Group 1 - Global precious metals market experienced a panic sell-off, with silver plunging 36% and gold dropping over 12%, closing at $4,865 per ounce [1] - The significant drop in precious metals is attributed to profit-taking after record gains and a rebound in the US dollar [1] - The potential nomination of Kevin Warsh as the next Federal Reserve Chairman by Trump has negatively impacted gold and silver prices, as Warsh has criticized ultra-loose monetary policy [1] Group 2 - Trump nominated Kevin Warsh, a former Fed governor known for his hawkish stance, which has led to market speculation about future monetary policy and the independence of the Fed [2] - Market expectations suggest that the Fed may lower interest rates by 50 to 100 basis points over the next year, impacting gold prices [2] - China’s Industrial and Construction Banks announced adjustments to their personal gold accumulation business, including limits on transactions and an increase in minimum accumulation amounts [3]

Group 1 - A panic sell-off swept through the global precious metals market, with silver prices dropping by 34.67% from above $110/oz to $75.38/oz, and gold prices falling by 12.41% from $5,400/oz to $4,709.68/oz [1] - The latest gold price recorded was $4,709.68, reflecting a decrease of $667.46 or 12.41% from the previous closing price of $5,377.14 [2] - The trading range for gold showed a volatility of 14.22%, with a high of $5,450.95 and a low of $4,686.12 [2] Group 2 - U.S. stock markets experienced a decline, with the Nasdaq down 1.22%, the Dow Jones falling over 1%, and the S&P 500 decreasing by 0.92% [4] - The nomination of Kevin Walsh as the next Federal Reserve Chairman has raised concerns regarding monetary policy direction and the independence of the Fed, with expectations of interest rate cuts between 50 to 100 basis points over the next year [4] - CICC analysts suggest that the gold bull market may not be over, despite gold prices deviating from fundamental indicators, indicating increased market volatility and difficulty in predicting specific price points [4] Group 3 - CICC anticipates that by early 2026, U.S. inflation will continue to rise, leading to a marginal improvement in U.S. growth, which may slow the pace of monetary easing and exert temporary pressure on gold prices [5] - Looking further ahead, with a new Federal Reserve Chairman taking office in May 2026, a downward turning point in U.S. inflation is expected in the second half of 2026, potentially accelerating interest rate cuts and supporting further increases in gold prices [5] - The same logic applies to silver, which may experience greater price volatility due to its smaller market size and lower liquidity compared to gold [5]

把"浙江之声"，更容易找到我们 美股全线下跌，纳指跌1.22%，道指跌超1%，标普500跌0.92%。 30日，美国总统特朗普提名美联储前理事凯文·沃什为下任美联储主席。 沃什2006年加入美联储，是当时最年轻的美联储理事。在美联储任职期间，沃什持鹰派货币政策立场，但近年转向支持特朗普的关税政策及加快降息立 场。该消息发布后，市场迅速聚焦其货币政策取向及美联储独立性问题。市场普遍认为，美联储未来一年降息幅度大致集中在50个基点至100个基点之 间。 中金公司分析指出，由于美联储政策与美国经济尚未出现拐点，因此黄金牛市可能并未结束。但在黄金价格已经脱离基本面指标与模型拟合后，市场波动 或明显增大，具体点位预测难度较高，建议淡化黄金价格点位预测，更关注资产趋势改变时点。 中金公司预期在2026年初，由于美国通胀持续上行，美国增长边际改善，美联储可能放缓宽松节奏，或对黄金表现形成阶段性压制。但是再往前看，随着 2026年5月新的美联储主席就职，2026下半年美国通胀迎来下行拐点，美联储可能再次加速降息，为黄金继续上涨提供新的支持。因此未来黄金牛市可能 不是单边行情，而会跟随美联储政策与美国经济动向出现波动。"上述逻 ...

据据美国财经媒体Semafor报道，美国总统特朗普和他一直想换掉的美联储主席鲍威尔罕见地在一件事 上达成了一致：美国经济比美国人想象的要好。特朗普在周三感叹："我想大家都没有意识到——经济 正在繁荣发展。"几个小时后，鲍威尔也告诉记者："经济再次以其强劲让我们感到惊讶。"但他也指 出，"消费者调查看起来非常负面，然后是支出情况。经济与消费、支出已经脱节一段时间了。人们仍 在消费，但他们感受到的是负担能力。我们的工作之一是价格稳定，而我们能为感受到压力的人做的最 好的事情就是控制通胀。" 来源：滚动播报 ...

这一幕宛若 "大家看这边" 的刻意转移，特朗普在演讲中基本照本宣科，宣称经济领域取得了毋庸置疑 的胜利，还一再谎称食品杂货价格已出现下跌，并且总在抱怨，并非所有人都认可他治下的经济有多出 色，这实在有失公允。 而造成这一局面的原因，或许正是当前的美国经济状况令人难以捉摸。 不妨看看，当下的美国经济同时呈现出以下种种矛盾的现状： 股市屡创历史新高； 消费者信心跌至谷底；美元汇率持续走低，黄金、白银价格却接连突破历史纪录；就业市场陷入停滞， 尽管总统矢口否认，但通胀水平与他上任时的去年同期几乎毫无二致。 周二，艾奥瓦州克莱夫 市，总统唐纳德・特朗普抵达现场发表经济相关讲话，现场与会者手持标语、欢呼致意。 因移民执法人员的行为引发的反对声浪持续发酵，总统唐纳德・特朗普于周二到访艾奥瓦州，希望借此 转移公众话题焦点。其顾问团队或许认为，当下最佳的应对策略，便是回归经济这一根本议题，提醒选 民当初为何将他再度推上总统之位 —— 正是凭借亮眼的经济表现！ 从历史经验来看，这些现象从未同时出现。若股市处于历史高位，黄金价格通常会走低；若就业市场陷 入停滞，股市一般也难创历史新高。而催生这一切乱象的核心因素，不得不说，正是特 ...

1. Report Industry Investment Rating - No relevant information provided 2. Core Viewpoints of the Report - The Fed's suspension of interest rate cuts is in line with market expectations, and the interest rate guidance reflects significant internal differences among officials. Powell emphasized that the current policy is not "significantly tight," and raising interest rates is not the basic assumption for anyone's next move. There is still a possibility of interest rate cuts this year, sending a dovish signal. The Fed is likely to open the window for interest rate cuts in the second half of the year due to the support of the short - term US economic fundamentals, the marginal mitigation of the downward risk in the employment market and the upward risk of inflation, and the better - than - expected economic resilience shown by retail sales data [1][18]. 3. Summary by Related Catalogs 3.1 Interest Rate Decision - On the early morning of January 29, 2026, after three consecutive interest rate cuts since September 2025, the Fed suspended interest rate cuts as expected, maintaining the federal funds rate target range at 3.5% - 3.75%, and the reserve balance rate and discount rate at 3.65% and 3.75% respectively. Since the start of the interest rate cut cycle in September 2024, the Fed has cut interest rates by a total of 175BP [1][3]. 3.2 Interest Rate Statement - The Fed's judgment on the economic outlook has improved compared to December, especially in the employment aspect. There are still differences among officials on interest rate cuts. Milan and Waller voted against the decision. Milan has voted against four times in a row, and Waller, as a potential candidate for the new Fed chairman, voted against and supported a 25BP interest rate cut. In terms of economic description, it changed from "expanding at a moderate pace" in December to "expanding at a robust pace." Regarding employment, the Fed said that "the unemployment rate has shown certain signs of stabilization." For inflation, the description changed from the trend judgment of "inflation has risen compared to the beginning of the year" in December to the absolute - level judgment of "inflation is still slightly high" [1][6][9]. 3.3 Labor Market - The downward risk of employment has been marginally alleviated, and the unemployment rate has tended to be stable. Since July 2025, the US unemployment rate has remained in the range of 4.3% - 4.5%, and the weekly initial jobless claims have not increased further. However, non - farm payrolls are still at a low level, and the scale of new jobs in the government and private sectors is relatively limited. The supply and demand sides of the employment market have slowed down, but the risk of a significant weakening has decreased significantly, reducing the need for short - term interest rate cuts and supporting the Fed's wait - and - see stance [1][11]. 3.4 Inflation - Concerns about inflation rebound have subsided, but the absolute level is still higher than the long - term target. In December, the year - on - year CPI and core CPI in the US were 2.7% and 2.6% respectively, and the month - on - month were 0.3% and 0.2% respectively. Among the sub - items, the prices of household goods and clothing related to tariffs in core commodities continued to rise, the prices of leisure services increased significantly, the prices of education services decreased significantly month - on - month, and housing inflation remained resilient. Although the December inflation data alleviated market concerns about inflation rebound, the absolute level of inflation has not returned to the policy target, which restricts the Fed's subsequent easing operations [1][16]. 3.5 Other Issues - Powell did not make substantial responses to political issues such as the Cook case, the Department of Justice subpoena, and the dollar fluctuation at the press conference. He has no plans for his future after his term as chairman expires in May. He also said that the lawsuit against Fed Governor Cook might be the most significant case in the Fed's history, emphasized the importance of the Fed's independence, and suggested that the next Fed chairman should stay away from elected politics [1][18].