其中，伦敦现货黄金半小时内狂泻超400美元至5100美元/盎司附近，单日振幅近10%。现货白 银跌超8%，失守107美元/盎司关口。COMEX黄金跌近4%，COMEX白银跌6%。现货铂金跌近 7%，现货钯金跌近5%。 华闻期货研究所所长程小勇对经济观察报记者表示，贵金属的大幅回调，与三大风险有很大关系： 一是美联储在1月没有继续降息；二是避险买盘消退，反映市场恐慌的VIX指数在1月29日降至 16.88，一般高于20代表市场恐慌；三是贵金属多头甚至程序化交易的持仓集中平仓所致，因贵 金属多头极度拥挤，一开始是小范围止盈平仓，稍后会因引发大范围的多头踩踏式出逃。 一位头部期货公司副总经理对经济观察报记者表示，黄金大涨后大跌，日内波动500美元。前期地 缘政治紧张格局，包括美国和委内瑞拉、美国和伊朗导致黄金白银加速上涨。另外，弱美元也加强 了这一走势。最近十个交易日黄金涨幅超过一千美元，不断打破历史新高，过快的上涨导致部分获 利盘了结头寸，出现大幅波动。 狂飙突遇暴跌 截至1月30日上午休市，COMEX黄金期货最活跃合约较历史高点回落幅度超过7%，跌破了5200 美元/盎司；上海黄金期货4月合约价格较昨日创下的高 ...

Group 1 - The core viewpoint of the articles highlights a significant rise in Hong Kong's non-ferrous metal stocks, driven by geopolitical tensions and supply constraints in the metals market [1][2] - Major companies such as China Daye Nonferrous Metals saw a nearly 7% increase, while Luoyang Molybdenum and Zhaojin Mining also experienced notable gains of 5.6% and over 4% respectively [2] - The recent military action by the U.S. against Venezuela has heightened market risk aversion, leading to a surge in gold prices, which reached $4,450 per ounce, and silver prices, which rose to $77 per ounce [1] Group 2 - The copper market is facing supply challenges due to worker strikes at mining sites, exacerbating an already tight supply situation, which has pushed London copper prices to a record high of over $13,090 per ton [1] - CITIC Securities' latest report indicates that the resource bull market is continuing due to renewed geopolitical conflicts, which are driving both risk-averse investments and central bank allocations towards gold [1] - Basic metals such as copper, aluminum, and nickel are experiencing supply contradictions, supporting price increases in these commodities [1]

Group 1 - The core viewpoint of the news highlights a strong performance in the non-ferrous metals sector, with gold, silver, copper, aluminum, and zinc all showing gains, leading to an increase in related ETFs [1][2] - The recent military action by the U.S. against Venezuela has heightened market risk aversion, pushing spot gold above $4,400 and silver to $75 per ounce [2] - Supply concerns are exacerbated by worker strikes in copper mines, pushing LME copper prices close to $13,000 per ton, nearing record highs [2] Group 2 - The aluminum price has surpassed $3,000 per ton for the first time in over three years, driven by tightening supply and long-term demand expectations [2] - The non-ferrous metals ETF (516650) has seen a net inflow of 3.96 billion yuan over the past seven days, with a 2.3% increase, and has a balanced allocation in copper (33.8%), aluminum (15.7%), and gold (11.9%) [3] - The gold stock ETF (159562) also increased by 2.3%, focusing on gold and copper, while the gold ETF Huaxia (518850) rose by 1.65%, with a net inflow of 1.299 billion yuan over the past 20 days [3]

Group 1 - The core viewpoint of the article highlights the impact of the U.S. military action against Venezuela on global markets, particularly driving safe-haven investments into gold and reinforcing a bullish trend in precious metals [1] - The report from CITIC Securities indicates that the recent military action has led to strong international condemnation, increasing tensions in the global geopolitical landscape [1] - In the base metals sector, the beginning of the new year has seen supply issues, particularly with copper due to worker strikes, exacerbating existing supply constraints [1] Group 2 - The report notes that the supply side for electrolytic aluminum is facing potential production cuts, which has allowed London aluminum prices to break above key price levels [1] - Indonesian nickel miners have proposed reducing nickel ore quotas, and Vale's Indonesian operations have paused mining due to delays in production plans approved for 2026, supporting a rebound in nickel prices [1]