Group 1 - Domestic gold prices have surpassed 1700 yuan per gram, with significant increases observed, including a rise of 104 yuan per gram for Lao Miao Gold, reaching 1722 yuan per gram [1][2] - Other brands also reported price increases, such as Chow Sang Sang at 1708 yuan per gram (up 94 yuan) and Lao Feng Xiang at 1713 yuan per gram (up 93 yuan) [1][2] - The international gold prices have reached new highs, breaking through 5500 USD per ounce, with a notable increase of 300 USD overnight [3][4] Group 2 - The Shanghai Gold Exchange and the Shanghai Futures Exchange have announced adjustments to margin levels and price fluctuation limits for various futures contracts due to the surge in precious metals and non-ferrous metals prices [4][6] - Starting January 30, 2026, the margin level for Ag (T+D) contracts will increase from 19% to 20%, and the fluctuation limit will change from 18% to 19% [4][6]

Geopolitical Developments - Ukrainian President Zelensky anticipates a meeting with President Trump to discuss a 20-point peace plan, which is reportedly 90% ready but requires input from Russia and Europe for finalization [1] - The US Coast Guard has forced the sanctioned oil tanker Bella 1 to divert from Venezuela, as part of President Trump's blockade on sanctioned oil tankers [2] - The US has launched strikes on ISIS targets in Nigeria, collaborating with the Nigerian government to address rising terrorist threats [3] Currency and Economic Outlook - The dollar is under pressure due to the Federal Reserve's liquidity boost, with a monthly purchase of $40 billion in T-bills, and concerns over a potential dovish Fed Chair appointment by President Trump [4][5] - The dollar index fell approximately 0.6% over the week, despite a stronger-than-expected US GDP report of 4.3% [6] - The euro has gained support from ECB members expressing satisfaction with current interest rates, indicating a stable economic outlook [7] Precious Metals Market - Gold and silver prices reached all-time highs, supported by geopolitical tensions and the US's military actions, alongside a strong US GDP report [12] - Central bank demand for gold remains robust, with China's PBOC increasing its reserves for the thirteenth consecutive month, and global central banks purchasing 220 MT of gold in Q3, a 28% increase from Q2 [14] - Fund demand for precious metals is strong, with silver ETF holdings reaching a 3.5-year high and gold ETF holdings recovering close to a 3.25-year high [15]

Platinum has witnessed a significant surge, climbing over $200 since mid-September to just over $1,600 per troy ounce. This remarkable 80% price increase makes it the sharpest riser not only among precious metals but across the entire commodities sector, potentially surpassing its 2009 record of a 56% annual increase. Historical valuation and buyer interest While ...