Group 1 - The precious metals sector experienced significant declines, with silver and gold prices dropping sharply, leading to over thirty stocks hitting the daily limit down [1] - Silver prices fell over 11% to below $75 per ounce, while gold saw a maximum drop of approximately 5.74%, currently reported at 4608 yuan per ounce [1] - The previous surge in precious metals was driven by factors such as de-dollarization, geopolitical risks, and speculative trading, with gold and silver reaching historical highs before the sudden reversal [1] Group 2 - The CME raised margin requirements for precious metal futures, increasing gold futures margin from 6% to 8% and silver futures margin from 11% to 15% [1] - The Shanghai Stock Exchange adjusted the margin level for silver deferred contracts from 20% to 26% and increased the price fluctuation limit from 19% to 25% [2] Group 3 - Market institutions have mixed views on the future of precious metals following the historic drop [3] - Citigroup warned that half of the current risk premium for gold may disappear by late 2026, particularly if the political independence of the Federal Reserve is strengthened, which could negatively impact gold's mid-term outlook [4] - However, several institutions maintain bullish forecasts, with CITIC Securities predicting gold could reach $6000 per ounce and UBS forecasting gold to hit $6200 in the first three quarters of this year [4]

市场情绪急速切换，贵金属领跌市场 跌幅方面，沪银、钯、铂、沪锡跌停，沪金跌11.68%；基本金属全部下跌。此外，能源、黑色、化工、航运等板块也都出现 不同程度的下跌。当日下午开盘后，原油、燃料油、铜、铝合金等多个品种纷纷跌停。 | 全部主力 | 夜盘主力 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 代码 | 名称 | 现价 | 涨幅(结)1 | 淵鉄 | 淵速 | ऋ | 更价 | | 1 | ag2604 | 沪银2604 | 24832 | -17.00% | -5087 | 0.00 | -- | 24832 | | 2 | au2604 | 沪金2604 | 1005.40 | -16.00% | -191.52 | 0.00 | 1005.40 | 1005.46 | | 3 | pd2606 | 揺2606 | 413.70 | -16.00% | -78.80 | 0.00 | | 413.70 | | র্ব | pt2606 | 箱2606 | 552.15 | -16.00% | - ...

2月2日，国内商品期市开盘后，多数主力合约下跌。 市场情绪急速切换，贵金属领跌市场 跌幅方面，沪银、钯、铂、沪锡跌停，沪金跌11.68%；基本金属全部下跌。此外，能源、黑色、化工、航运等板块也都出现 不同程度的下跌。当日下午开盘后，原油、燃料油、铜、铝合金等多个品种纷纷跌停。 华闻期货总经理助理兼研究所所长程小勇表示，虽然上述交易所调整的目的是通过提高交易成本，降低市场交易杠杆，完善 风控体系，但调整贵金属保证金比例初期大概率会加大市场波动。 铂、钯期货双双跌停 2月2日，铂、钯期货主力2606合约双双跌停，分别报552.15元/克、413.70元/克。 对此，业内人士认为，在宏观预期转向与流动性收紧的双重压力下，贵金属市场波动剧烈，影响铂族金属同步下行。 | 全部主力 | 夜盘主力 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 代码 | 名称 | 现价 | 涨幅(结)↑ | 淵鉄 | 淵速 | 采价 | 室价 | | 1 | ag2604 | 沪银2604 | 24832 | -17.00% | -50 ...

长江期货贵金属周报 鹰派预期升温，价格大幅回调 2026/2/1 长江期货股份有限公司交易咨询业务资格：鄂证监期货字[2014]1号 【产业服务总部|有色产业中心】 研究员：汪国栋 执业编号：F03101701 投资咨询号：Z0021167 咨询电话：027-65777106 美黄金连：日线 美白银连：日线 目录 01 行情回顾 02 周度观点 03 海外宏观经济指标 04 当周重要经济数据 05 当周重要宏观事件和政策 06 库存 07 基金持仓 08 本周关注重点 01 行情回顾：上周 2500 3000 3500 4000 4500 5000 5500 美联储新一任主席沃什就任后的鹰派预期升温，黄金价 格回调。截至上周五，美黄金报收4908美元/盎司，周 内下跌1.5%，关注上方压力位5060，下方支撑位4750。 17.0000 37.0000 57.0000 77.0000 97.0000 117.0000 美联储新一任主席沃什就任后的鹰派预期升温，白 银价格大幅回调。截至上周五，周度跌幅17.4%，报 收85.3美元/盎司，关注下方支撑位78，上方压力位 90。 数据来源：ifind 长江期货有色 ...

2200 投资咨询业务资格:证监许可【2012】31号 展望后市，本次贵金属市场的崩盘给原本的上涨趋势踩下刹车、短期市场或继续释放风险。但在经历了近期的太幅调整后、市场风险也得到一定释放、随着杠 杆的去化，叠加伊朗地缘仍旧复杂和美国政府正式部分停摆等，预计金银价格后续进一步大幅下挫空间或相对有限。白银方面，现货仍旧偏紧、库存持续回落，且 隐波高达100以上，短期玻动料仍较为તી?。中长朝来看，本次贵金属价格的崩盘并不意味着贵金属牛市格局的结束，在美联储年内仍有降息概率，全球地缘不确定 性持续和美国巨额债务将不断推进去美元化浪潮等背景下，全球央行/机构/居民的配置需求有望延续，贵金属价格重心仍有上行空间、可关注本次暴跌后带来的逢 低配置机会。 体我告中的信息均源于公开可获得的资料，但更期货力求准确可靠。但不对上越信息的准确性及完熟性依任何保证、本报告不构成个人投资建议。也未分对个别投资者保持知投资目标、财务优况或需要、投资 者需三行判断本报告中的任何意见或建议是否符合其标定状况，融此投资。责任会负。本报告仅向标定客户推送，来组国资降货资政许可，任何引用、转载以及可第三方传播的行为少购成或回贸贸股权规 声明 我司 ...

2月2日午后，现货黄金一度失守4500美元/盎司，为1月9日以来首次，日内重挫7.9%；截至发稿，报4533.66美元/盎司，跌7.38%； 现货白银一度跌超14%，截至发稿，跌11.49%，报75.46美元/盎司；纽约期银日内跌超5%，现报75.52美元/盎司。 | 贵金属 它 | | | | --- | --- | --- | | 伦敦金现 | 伦敦银现 | COMEX黄金 | | 4533.660 | 75.461 | 4623.9 | | -361.458 -7.38% | -9.798 -11.49% | -121.2 -2.55% | | COMEX白银 | SHFE黄金 | SHFE自银 | | 75.525 | 1019.20 | 24832 | | -3.006 -3.83% | -177.72 -14.85% | -5087 -17.00% | 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。 中金公司（601995）最新发布的研究报告分析称，金价显然已超越单纯的基本面主导，传统的黄金测算模型如实际利率已失效。影响更大的地缘与货币体 ...

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 ...

Group 1: Market Reactions - Spot gold has seen a significant decline, with a drop of 7% to $4533.41 per ounce, while spot silver has decreased by 13% to $73.143 per ounce [1] - The market reacted sharply to the nomination of Kevin Walsh as the next Federal Reserve Chairman, leading to a historic drop in gold prices, which fell by 9.25%, marking the largest single-day decline in 40 years [5][6] - The dollar index rebounded significantly following the announcement, indicating a shift in market sentiment towards a tightening monetary policy [5] Group 2: Commodity Price Movements - The main copper futures contract hit the limit down, falling by 9.01% to 98,580 yuan per ton, while international copper futures also dropped by 9% to 87,250 yuan per ton [4] - Aluminum futures also experienced a limit down, decreasing by 7% to 21,840 yuan per ton, and SC crude oil futures fell by 7.02% to 449 yuan per barrel [4] - The WTI crude oil price dropped by 5.67% to $61.51, while ICE Brent crude fell by 5.48% to $65.52, reflecting a broader trend of declining commodity prices [3][7] Group 3: Economic Implications - The market's sensitivity to Walsh's nomination is attributed to his criticism of excessive quantitative easing and support for balance sheet reduction, which may curb narratives around dollar devaluation [6] - Analysts suggest that the recent volatility in precious metals is more indicative of a deleveraging and liquidity tightening environment rather than a clear macroeconomic revaluation [6] - The strengthening dollar has made oil more expensive for non-U.S. buyers, contributing to the recent declines in oil prices [7]

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 ...

Group 1 - The article discusses the dramatic fluctuations in financial markets, including the surge in the yen, the volatility of gold and silver prices, and the implications of geopolitical tensions, particularly regarding Iran and U.S. monetary policy [2][3]. - Gold experienced a significant price increase, reaching nearly $5,600 per ounce before a sharp decline of $800 over three days, indicating a market correction after being overbought [2]. - The article highlights the increasing importance of gold as a hedge against central bank policies and geopolitical risks, suggesting that it is no longer viewed as an alternative investment but rather a necessary asset in the current monetary and geopolitical environment [3]. Group 2 - The nomination of Jerome Powell's potential successor, John Taylor, is discussed, emphasizing the political dynamics surrounding the Federal Reserve's leadership and the implications for monetary policy [4][5]. - The article notes that the U.S. dollar experienced a sharp decline, influenced by Japan's fiscal policies and the subsequent intervention by the U.S. and Japan to stabilize the currency [6]. - Concerns are raised about the long-term credibility of the U.S. dollar due to recent actions by the Trump administration, which may undermine the established global monetary order and affect the perception of U.S. assets [7]. Group 3 - The upcoming focus on U.S. non-farm payroll data and the peak reporting season for major corporations is highlighted, indicating potential market-moving events in the near term [8].