Group 1 - The core viewpoint of the articles highlights a significant rise in international precious metal futures, driven by weak U.S. employment data and increased expectations of interest rate cuts by the Federal Reserve, leading to heightened market risk aversion [1][4] - COMEX gold futures increased by 2.10% to $5084.20 per ounce, while COMEX silver futures surged by 8.00% to $83.05 per ounce, reflecting a broader trend in the precious metals market [1] - Over the past year, the precious metals market has experienced unexpected shifts, with gold prices reaching new highs and surpassing the $5000 per ounce mark, while silver prices dramatically rose from $30 to over $100 per ounce by the end of January [1] Group 2 - The current policy environment enhances gold's appeal, as the Federal Reserve maintains stable interest rates amidst uncertainty regarding potential rate cuts, influenced by unstable U.S. inflation data [4] - For silver, industrial demand remains a key driver, particularly from the solar manufacturing sector, which constitutes a significant portion of annual silver demand, and this demand is expected to continue growing with new production capacity [5] - The Chinese exchanges have announced a reduction in leverage for precious metal trading, with adjustments to margin ratios and price fluctuation limits for various contracts, indicating a regulatory shift in the trading environment [5]

两大交易所再次出手调整！ 上期所再次调整 镍NI2702、锡SN2702合约的涨跌停板幅度调整为12%，套保持仓交易保证金比例调整为13%，一般持仓交易保证金比例调整为14%； 2月9日，上海期货交易所（以下简称上期所）发布关于调整铜等期货新上市合约交易保证金比例和涨跌停板幅度的通知。 黄金AU2605合约的涨跌停板幅度调整为17%，套保持仓交易保证金比例调整为18%，一般持仓交易保证金比例调整为19%； 白银AG2702合约的涨跌停板幅度调整为20%，套保持仓交易保证金比例调整为21%，一般持仓交易保证金比例调整为22%； 螺纹钢RB2702、热轧卷板HC2702、纸浆SP2702、胶版印刷纸OP2702合约的涨跌停板幅度调整为7%，套保持仓交易保证金比例调整为8%，一般持仓交易 保证金比例调整为9%； 燃料油FU2703、石油沥青BU2702、丁二烯橡胶BR2702合约的涨跌停板幅度调整为9%，套保持仓交易保证金比例调整为10%，一般持仓交易保证金比例 调整为11%。 如遇《上海期货交易所风险控制管理办法》第十三条规定情况，则在上述涨跌停板幅度、交易保证金比例基础上调整。 经研究决定，下述合约上市时起，涨 ...

◎记者 张骄 贵金属在"高台跳水"后逐渐回升，黄金重新收复5000美元/盎司关键关口。 截至北京时间2月9日19时30分许，伦敦现货黄金（下称"伦敦金"）已回升至5000美元/盎司关口上方； 伦敦现货白银（下称"伦敦银"）高位震荡，盘中一度涨逾5%。二者均实现两连涨，尤其是伦敦银在2月 6日反弹近10%。 "伦敦金此番走高，主要是由于金价在触及4402美元/盎司的60日均线关键支撑后，出现技术性超跌反 弹。"2月9日，兴业研究外汇商品部总经理助理张峻滔对上海证券报记者表示，最新公布的美国就业数 据"爆冷"，也令市场对美联储降息的预期再度升温，从而增强了市场对黄金的配置意愿，推动金价企稳 回升。 张峻滔认为，目前金价仍处在上行试探区间，预计接近前高时将面临短期阻力。鉴于今年春节假期较 长，建议投资者可借当前反弹契机适度减仓，等待节后更明确的买入机会。 对于黄金、白银期货等品种的杠杆交易者，北京黄金经济发展研究中心研究员许亚鑫告诉上海证券报记 者，建议最好空仓过节。这是由于春节假期国内市场休市而国际市场继续交易，其间积累的涨跌幅容易 导致节后国内市场开盘出现激进行情，持仓过节或面临较大潜在风险。 "目前市场对贵金 ...

近期，国际贵金属价格上演极端"过山车"行情。 其中，白银现货价格（伦敦银现，下同）从2026年初的72.493美元/盎司，涨至1月29日盘中最高121.647美元/盎司，上涨幅度超50%，随后又快速下跌。截至 北京时间2月9日18时，白银现货价格为81.063美元/盎司。 黄金现货价格（伦敦金现）于1月29日达到历史高峰，涨至5598.75美元/盎司，但随后立即迎来历史性回调时刻，次日单日暴跌9.25%。截至北京时间2月9日 18时，价格回落至5005美元/盎司左右。 大涨大跌间，黄金白银上下游商家也深受影响。 《每日经济新闻》记者走访深圳一家黄金、白银板料加工设备生产商。现场机械轰鸣，工人在忙着调试、包装机器。 "去年扩招了大约70人，现在我们厂子有200人了。"一位工作人员还对记者表示，"这两天放假过年，人都少了很多，铸锭机已经被预约完了。" 设备厂家：铸锭机年前已被预约满 在经历此前暴跌后，国际金价近日开始企稳。截至北京时间2月9日18时，伦敦金现当日上涨超0.5%，价格约为5005美元/盎司。 伦敦金现2月9日走势（截至北京时间2月9日18时） 记者以商家调研身份走访深圳一家贵金属设备生产公司。 一进 ...

Core Viewpoint - The article highlights the active trading environment in the Shenzhen Shui Bei precious metals market, driven by dual demand from consumers preparing for the Spring Festival and investors looking to capitalize on lower gold and silver prices following significant price fluctuations [2][4]. Group 1: Market Activity - As the Spring Festival approaches, there is a surge in customer inquiries and purchases of gold jewelry, including necklaces, rings, bracelets, and chains, indicating strong consumer demand [2][3]. - Many consumers are taking advantage of lower prices to buy gold and silver bars, while some are also engaging in gold recycling [2][4]. - The market has seen a significant increase in trading activity, with reports of customers lining up to sell gold back to retailers and others looking to buy at perceived low points [7][9]. Group 2: Price Fluctuations - The article notes that gold and silver prices experienced extreme volatility, with silver prices dropping by 36% in a single day and gold prices falling over 12%, marking the largest daily drop in 40 years [6][11]. - Following this "epic" drop, gold prices rebounded above $5,000 per ounce, while silver prices also saw a recovery, indicating a potential market correction [6][11]. - Despite the recovery, prices remain sensitive to market conditions, with expectations that they may rise as the holiday approaches [15]. Group 3: Silver Premiums - Silver premiums have surged significantly, with reports indicating that premiums rose from 3.8 yuan per gram to as high as 6 yuan per gram, creating challenges for retailers [11][13]. - Retailers are facing difficulties in sourcing silver due to high premiums and limited availability, leading to a situation where some shops can only offer limited quantities of investment-grade silver bars [9][14]. - The article suggests that smaller silver bars tend to have higher premiums due to increased manufacturing costs, making them less attractive for investment purposes [14].

Group 1 - The core viewpoint of the articles indicates a rebound in gold and silver prices, with significant pre-market gains for various precious metal companies, driven by a weaker dollar and a bullish long-term outlook on gold from several banks and asset management firms [1][2]. Group 2 - Austin Gold saw a pre-market increase of 6.99%, while Namib Minerals rose by 5.92%, and Pan American Silver increased by 3.21% [2]. - The current spot gold price has risen to slightly above $5000, following a volatile market period characterized by sharp price fluctuations [1]. - Fidelity International's fund manager, who sold before the recent drop, is preparing to buy again, and PIMCO's commodity management team believes the upward trend for gold remains intact [1].

2026/2/9 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 长江期货贵金属周报 【产业服务总部|有色产业中心】 汪国栋 执业编号：F03101701 投资咨询号: Z0021167 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 2025-01-02 2025-02-02 2025-03-02 2025-04-02 2025-05-02 2025-06-02 2025-07-02 2025-08-02 2025-09-02 2025-10-02 2025-11-02 2025-12-02 2026-01-02 2026-02-02 美联储新一任主席沃什就任后的鹰派预期升温，美国初 请失业金人数激增，黄金价格反弹。截至上周五，美黄 金报收4989美元/盎司，周内上涨1.7%，关注上方压力 位5050，下方支撑位4750。 美黄金连：日线 美白银连：日线 17.0000 37.000 ...

Core Viewpoint - The precious metals market has experienced significant volatility due to overly optimistic investor sentiment, but the long-term bull market for precious metals is not over as long as the U.S. long-term debt issues remain unresolved [1] Group 1: Short-term Market Dynamics - Recent price fluctuations in precious metals are attributed to high implied volatility and potential stop-loss triggers among investors, which may amplify short-term volatility [1] - The current high price levels and volatility suggest caution in the short term, despite the long-term outlook remaining positive [1] Group 2: Long-term Outlook - The fundamental trust in the existing fiat currency system has not fundamentally changed, leading to a positive outlook for precious metals, with expectations of a mid-term rise through 2026 [1] - Investors are encouraged to consider gradual accumulation during price corrections, particularly in physical gold and specific gold ETFs that are exempt from value-added tax [1][1]

2 200 投资咨询业务资格:证监许可【2012】31号 贵金属数据日报 | | | | | 国贸期货研究院 | | | 投资咨询号: Z0013700 | | | 2026/2/9 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 贵金属与新能源研究中心 白素娜 | | | 从业资格号:F3023916 | | | | | 内外盘金 | 日期 | 伦敦金现 | 伦敦银现 | COMEX黄金 | COMEX白银 | AU2602 | | AG2602 | AU (T+D) | AG (T+D) | | 银15点价 | | (美元/盎司) | (美元/盎司) | (美元/盎司) | (美元/盎司) | (元/克) | | (元/千克) | (元/克) | (元/千克) | | 格跟踪 | 2026/2/6 | 4840. 01 | 72. 06 | 4859. 70 | 71.77 | 1092. 72 | | 17944. 00 | 1086. 04 | 17890.00 | | (本表数 | | | ...

Core Viewpoint - The gold industry is experiencing a strong upward trend, with significant increases in both gold stocks and ETFs, driven by continuous accumulation of gold reserves by the People's Bank of China and rising global demand for physical gold [1][2]. Group 1: Market Performance - As of February 9, 2026, the CSI Hong Kong-Shenzhen Gold Industry Stock Index (931238) rose by 1.48%, with notable increases in constituent stocks such as Hunan Silver (+7.40%), Hangmin Co. (+4.10%), and WanGuo Gold Group (+4.08%) [1]. - The Gold Stock ETF (159322) increased by 1.55%, with the latest price reported at 2.03 yuan [1]. Group 2: Gold Reserves and Demand - The People's Bank of China reported that as of the end of January 2026, the country's gold reserves reached 74.19 million ounces, marking the 15th consecutive month of gold accumulation [1]. - The World Gold Council indicated that in January 2026, global inflows into physical gold ETFs reached $18.7 billion, setting a historical record, with total holdings rising to 4,145 tons, also a record high [1]. Group 3: Industry Composition - The CSI Hong Kong-Shenzhen Gold Industry Stock Index comprises 50 large-cap companies involved in gold mining, refining, and sales, reflecting the overall performance of the gold industry in mainland China and Hong Kong [2]. - As of January 30, 2026, the top ten weighted stocks in the index accounted for 61.69% of the total index weight, including companies like Zhongjin Gold, Zijin Mining, and Shandong Gold [2].