Core Viewpoint - The article highlights the impact of rising international gold prices on domestic gold jewelry pricing, with major brands adjusting their prices in response to market fluctuations [1][3]. Price Adjustments - Starting January 6, certain gold jewelry products from brands like Chow Sang Sang will see price increases ranging from 200 to 1500 yuan, particularly affecting items like charm beads and branded collaborations [1]. - The price of Chow Sang Sang's gold charm beads is expected to rise by approximately 260 to 280 yuan, reflecting the sensitivity of these products to international gold price changes [1]. Market Reaction - On January 5, the international gold price surged, surpassing 4400 USD per ounce, leading to a significant increase in domestic gold jewelry prices, with Chow Sang Sang's gold jewelry rising by 22 yuan per gram to 1376 yuan per gram [3][5]. - Other brands such as Lao Miao and Lao Feng Xiang also reported price increases exceeding 20 yuan per gram, indicating a widespread market response to the rising gold prices [5]. Consumer Sentiment - Consumers are expressing concern over the rising costs of gold jewelry, particularly those preparing for weddings, with some feeling pressured by the rapid price increases [5]. - There is a mix of urgency and caution among consumers, with some purchasing gold jewelry before prices rise further, while others lament recent purchases that have already seen price hikes [5]. Market Outlook - Geopolitical tensions, particularly between the U.S. and Venezuela, are driving demand for gold as a safe-haven asset, with analysts recommending an overweight position in gold [7]. - UBS has raised its gold price targets for March, June, and September 2026 from 4500 USD to 5000 USD per ounce, citing factors such as a weaker dollar and increased geopolitical risks [7]. - The outlook for gold remains positive, with expectations of steady demand driven by central bank purchases and strong physical demand for gold bars and coins [7][8].

Core Viewpoint - The price of gold has increased due to heightened geopolitical risks following a U.S. military strike in Venezuela, which has led to increased demand for gold as a safe-haven asset [2][3]. Group 1: Current Gold Prices - Gold futures opened at $4,368.30 per troy ounce, reflecting a 0.9% increase from the previous closing price of $4,329.60 [1]. - The price of gold rose above $4,400 during early trading [1]. - Gold's one-year gain as of December 29 was 74.5% [4]. Group 2: Geopolitical Influence - The U.S. strike in Venezuela, which resulted in the capture of President Nicolás Maduro, has increased geopolitical tensions and subsequently boosted gold demand [2]. - Criticism of the U.S. action has come from leaders in Cuba, Russia, and Iran, indicating a rise in geopolitical risk [2]. Group 3: Market Trends - The U.S. Dollar Index has gained 0.37% in 2026 after a decline of over 9% in 2025, coinciding with the increased demand for gold [3]. - Gold prices have shown a weekly change of -0.1%, a monthly increase of +3.9%, and a yearly increase of +64.3% [9]. Group 4: Factors Affecting Gold Prices - Key factors influencing gold prices include geopolitical events, central bank buying trends, inflation, interest rates, and mining production [12].

委内瑞拉政局动荡下，全球多个市场已作出反应。 油价方面，2026年1月5日亚太市场转跌为涨。不过，市场普遍预计，委内瑞拉局势不会改变油价下跌趋势。而黄金作为避险资产的属性再次得到凸显， 带领一众贵金属继续上涨。 1月5日，受突发地缘政治事件催化，现货黄金价格开盘急速上涨。截至17时，现货黄金日内大涨近100美元，现报4430美元/盎司。美股贵金属矿商盘前上 涨，金罗斯黄金涨2%，AngloGold涨1.4%，巴里克黄金、纽蒙特矿业均涨超2%。 | 贵金属 | | | | --- | --- | --- | | 伦敦金现 | 伦敦银现 | COMEX黄金 | | 4430.750 | 75.742 | 4441.6 | | +99.175 +2.29% | +2.923 +4.01% | +112.0 +2.59% | | COMEX白银 | SHFE黄金 | SHFE自银 | | 75.600 | 995.00 | 18247 | | +4.585 +6.46% | +13.78 +1.40% | +210 +1.16% | 金价走高迅速传导至消费终端。记者获悉，周生生部分定价类金饰将于1月6日调价，涨幅在2 ...

Core Viewpoint - The U.S. military operation that captured Venezuelan President Nicolás Maduro has led to increased investor interest in safe-haven assets, resulting in a rise in precious metals prices and a slight uptick in stock futures [1][2]. Group 1: Stock Market Reaction - Stocks are expected to edge higher, with Dow Jones Industrial Average futures remaining flat, S&P 500 futures increasing by 0.2%, and Nasdaq contracts rising by 0.6%, indicating a potential end to a five-day losing streak for the tech-heavy index [1]. Group 2: Precious Metals Surge - Gold futures increased by 2.5% to $4,440 per ounce, while silver futures surged by 6.5% to $75.60 per ounce following the military operation in Venezuela [2]. - The rise in precious metals is attributed to investor concerns that the military action could disrupt the global order, potentially emboldening countries like China and Russia to assert their own sovereignty violations [2].

转自：新华财经 新华财经上海1月5日电（葛佳明）受委内瑞拉局势变动影响，1月5日贵金属集体大涨。新华财经数据显 示，现货黄金重回4400美元关口，截至发稿，日内涨幅扩大至2%；现货白银涨幅逼近4%，报75美元。 国际油价则维持弱势盘整走势，布伦特原油价格在每桶61美元附近徘徊。 南华期货贵金属新能源研究组负责人夏莹莹对新华财经表示，海外地缘政局复杂性依旧，对贵金属形成 一定利多。今日亚洲早盘，贵金属高开高走，并与美元指数同涨，主要受避险资金推动。 高盛在最新发布的报告中表示，从短期来看，委内瑞拉局势对油价走势造成的影响尚不明确，但存在一 定的温和风险，具体取决于美国制裁政策如何演变；而从长期来看，委内瑞拉石油产量或将回升，这最 终可能对全球原油价格构成压力。 高盛维持其对2026年的原油均价预期不变：布伦特原油均价为每桶56美元；WTI原油均价为每桶52美 元。同时，该行预计委内瑞拉2026年的石油产量将保持在每天90万桶的水平。 而对于原油走势来说，多数分析师则表达了较为悲观的预期，委内瑞拉的波动可能会让石油价格出现短 期震荡局面，中长期来看，受到全球经济疲软影响，原油供应依然供大于求，原油价格在2026年 ...

Core Viewpoint - The recent surge in gold prices is driven by geopolitical risks and the U.S. military's actions in Venezuela, leading investors to seek safe-haven assets [1][2]. Group 1: Gold Price Movements - As of January 5, 2026, spot gold is trading at $4427.28 per ounce, with a daily increase of approximately 2.25%, reaching a high of $4433.55 and a low of $4331.59 [1][2]. - The increase in gold prices is attributed to a rise in safe-haven demand following the U.S. military's arrest of Venezuelan President Nicolás Maduro [1][2]. Group 2: Market Dynamics and Influences - The geopolitical tensions and the U.S. administration's stance on Venezuela have reignited safe-haven buying, with gold experiencing a significant price increase despite a 4.39% decline in late December [2][3]. - Goldman Sachs has raised its gold price target to $4900 per ounce, citing dovish policies, global unrest, and institutional demand as key factors [3]. Group 3: Technical Analysis and Future Outlook - The weekly chart indicates a bullish trend for gold, with the Relative Strength Index (RSI) remaining above 60, suggesting continued upward momentum [4]. - The arrest of Maduro is seen as a catalyst for gold price increases, potentially leading to sustained upward pressure if geopolitical tensions persist [4].

美国总统特朗普表示，正在考虑以"无能"为由起诉美联储主席鲍威尔，预计将于1月宣布美联储主席人 选。 【机构观点】 贵金属市场格局受地缘政治突发事件主导，黄金作为核心避险资产，或将因短期避险买盘而获得支撑， 但全球主要交易所为抑制过度投机而可能采取的调整保证金等规则，将限制其单边上涨空间，使其走势 呈现高位宽幅震荡；白银价格将紧随黄金，但因杠杆属性更强而对潜在交易规则变化更为敏感；铂金与 钯金作为工业属性主导的品种，其走势将与金银显著分化，事件引发的整体贵金属情绪虽能提供有限带 动，但市场对全球经济增长与汽车产业链的担忧将压制其工业需求前景，预计其表现将明显弱于黄金。 2026年1月3日，美国总统特朗普称，美方已成功对委内瑞拉实施打击，抓获委内瑞拉总统马杜罗及其夫 人，并带离委内瑞拉。 乌克兰总统泽连斯基与美国总统特朗普会晤后表示，美乌双方已就一项20点和平计划取得"重大成果"， 约90%的内容已达成一致，美乌就安全保障已"完全达成一致"。 美国总统特朗普宣布将就伊朗骚乱事件进行干涉，并威胁称如果伊朗发展弹道导弹计划，将支持以色列 发起打击。伊朗因美国制裁导致经济严重受损，政府正紧急讨论汇率、贸易和民生问题。 ...

Core Viewpoint - The article discusses the significant rise in gold prices due to geopolitical tensions, with a notable increase of nearly $100 to $4430 per ounce on January 5, 2026, and highlights the optimistic outlook for gold in 2026 driven by monetary easing and heightened risk aversion [1][3][9]. Price Adjustments - Jewelry brands, such as Chow Sang Sang, are adjusting their gold jewelry prices upwards by 200 to 1500 yuan starting January 6, 2026, in response to the rising international gold prices [3][4]. - The price of 24K gold jewelry was reported at 1376 yuan per gram on January 5, 2026, reflecting the sensitivity of jewelry prices to fluctuations in international gold prices [5][7]. Market Sentiment and Predictions - The surge in gold prices is attributed to a concentrated release of market risk aversion, with institutions expressing a positive outlook for gold prices throughout 2026 [3][9]. - UBS has raised its gold price targets for March, June, and September 2026 from $4500 to $5000 per ounce, indicating a strong demand for gold as a safe-haven asset amid geopolitical risks [9][10]. - The report suggests that if financial or political risks escalate, gold prices could challenge the $5400 per ounce mark [10]. Institutional Insights - The article notes that global central banks are expected to increase their gold purchases to 950 tons in 2026, up from a previous estimate of 900 tons, reflecting a strong intent to diversify reserves [10]. - The current market dynamics indicate that gold remains a critical asset for hedging against macroeconomic uncertainties, despite potential short-term volatility due to policy changes or market sentiment [10].

2026.01. 05 本文字数：1851，阅读时长大约4分钟 作者 | 第一财经 后歆桐 委内瑞拉政局动荡下，全球多个市场已作出反应。 油价方面，5日亚太市场转跌为涨。不过，市场普遍预计，委内瑞拉局势不会改变油价下跌趋势。黄 金作为避险资产的属性再次得到凸显，带领一众贵金属继续上涨。此外，加密货币市场走势备受关 注。 图源：新华社 油市风险有限 随着交易员消化委内瑞拉政局变化及其对该国石油业的影响，5日亚太交易时段，油价抹去此前跌 幅，转为小幅走高，布伦特原油期货上涨0.3%，至60.92美元/桶，WTI原油期货也上涨0.2%，至 57.43美元/桶。 但原油涨幅仍会因供应过剩的担忧而受限。在全球石油供应充足的背景下，分析师普遍预计，即使委 内瑞拉原油出口再受干扰，对油价也不会产生即刻影响。 国际能源署（IEA）预计，2026年全球石油供应将超过需求380万桶/日，创下历史性的供应过剩纪 录。咨询机构A/S Global Risk Management的首席分析师拉斯姆森（Arne Lohman Rasmussen）称，这种大规模的供应冗余为市场提供了强大的缓冲垫。即便委内瑞拉局势动荡，该 国当前约100万 ...

Group 1 - Precious metals are leading the market gains, with gold's safe-haven attributes highlighted amid the political turmoil in Venezuela [1][4] - Oil prices in the Asia-Pacific market have turned from a decline to a slight increase, with Brent crude futures rising by 0.3% to $60.92 per barrel and WTI crude futures up by 0.2% to $57.43 per barrel [3] - Analysts expect that even if Venezuela's oil exports are disrupted, it will not have an immediate impact on oil prices due to a globally sufficient oil supply [3][4] Group 2 - The International Energy Agency (IEA) forecasts that global oil supply will exceed demand by 3.8 million barrels per day by 2026, marking a historic oversupply record [3] - Goldman Sachs maintains its price forecast for Brent crude at an average of $56 per barrel and WTI at $52 per barrel for 2026, indicating limited risk from the Venezuelan situation [4][5] - RBC Capital Markets suggests that a complete lifting of sanctions on Venezuela could release hundreds of thousands of barrels per day within 12 months under an orderly transition [5] Group 3 - Gold prices have risen by 1.4% to $4,393.64 per ounce, with silver up by 3.4% to $75.28 per ounce, driven by geopolitical uncertainties [5] - UBS highlights that gold remains an attractive asset and a crucial risk-hedging tool, with expectations of steady demand growth due to declining real interest rates and rising global economic uncertainties [5][6] - UBS has raised its target price for gold to $5,000 per ounce by March 2026, with potential for prices to reach $5,400 per ounce if political or financial risks escalate [6]