盘面上，现货黄金首次站上5200美元，贵金属、黄金板块继续爆发，中金黄金、赤峰黄金等十余股涨停；有色金属板块掀涨停潮，白银有色、常铝股份等多 股涨停；转基因板块拉升，农发种业涨停；汽车拆解板块走高，飞南资源20CM涨停；钛白粉、煤化工及磷化工等板块涨幅居前。另外，生物疫苗、痘病毒 防治板块下挫，百普赛斯跌逾10%；医疗器械板块走低，之江生物跌逾8%；光伏社板块走弱，高测股份跌逾8%；航天航空、装修装饰及CRO等板块跌幅居 前。(格隆汇) | 上证指数 | 深证成指 | 北证5( | | --- | --- | --- | | 4151.24 | 14342.89 | 1562.4 | | +11.33 +0.27% +12.99 +0.09% -2.49 -0 | | | | 科创50 | 创业板指 | 万得全/ | | 1554.80 | 3323.56 | 6863.2 | | -1.17 -0.08% -19.04 -0.57% +7.43 +0 | | | | 沪深300 | 中证500 | 中证A5( | | 4717.99 | 8601.16 | 5951.1 | | +12.30 +0.26% ...

消息人士称，美国副总统万斯上周就此事与韩国总理进行了通话。由于部分出于对科技问题的担忧，落 实贸易协议的双边会谈于去年12月被取消。 【最新纸白银行情解析】 日图来看，纸白银开盘走跌后反弹，持续走涨，目前价格涨超5%，一小时布林带向上开口，显现处于 多头趋势之中，一小时MACD正直方图中柱型开始拉长，显示上涨动能增强，同时DMI显示处于上涨趋 势之中，纸白银走势下方关注22.50-23.50支撑，上方关注26.00-27.00阻力。 据知情人士透露，近期的许多讨论都涉及韩国电商公司酷澎。该公司总部位于美国，其业务几乎全部集 中在东亚国家，并在特朗普政府和国会中拥有强大的支持力量。 此外，相关讨论还涉及平台和人工智能方面的规则。特朗普政府威胁称，将对歧视科技公司的国家征收 更高关税。 今日周三(1月28日)欧盘时段，纸白银目前交投于25.463一线上方，截至发稿，纸白银暂报25.583元/克， 上涨5.90%，最高触及25.915元/克，最低下探23.630元/克，目前来看，纸白银盘内短线偏向看涨走势。 【要闻速递】 据华尔街日报，特朗普政府警告韩国称，在贸易争端加剧之际不要对美国科技公司实施歧视性监管和调 查 ...

2026年1月28日，贵金属市场延续强势表现，黄金、白银价格维持高位震荡，成为全球金融市场焦点。 伦敦现货黄金站稳5100美元/盎司上方，部分时段触及5200美元/盎司关口，伦敦银现价格逼近117美元/ 盎司关口，年内累计涨幅已超60%，延续了2025年以来的强劲涨势。这场行情并非单一因素驱动，而是 地缘政治风险集中发酵、政策预期宽松、供需结构性失衡多重逻辑共振的结果，美元波动仅为辅助变 量，背后更有坚实的基本面与资金面支撑，展现出鲜明的避险与资产配置属性。 图源新浪财经 美元短期波动对贵金属行情仅起到边际催化作用，其影响远弱于地缘风险与政策预期。当地时间1月27 日，特朗普公开对美元贬值态势表达认可，推动美元指数创下近四年新低，但这一走势更多是市场对其 政策不确定性的被动反应，而非贵金属上涨的核心逻辑。英国皇家伦敦资产管理公司跨资产投资主管特 雷弗·格里瑟姆指出，黄金与美元的反向波动，本质是市场对特朗普"混乱、即兴式"政策的疑虑投射， 资金真正追求的并非美元走弱带来的价差收益，而是贵金属在动荡环境中的避险与保值功能。相较于美 元波动，全球地缘局势的持续紧张与政策框架的不确定性，才是驱动资金涌入贵金属市场的核 ...

Group 1: Precious Metals - Gold prices surged to $5,167 per ounce, reaching a historical high of $5,190.20, with a year-to-date increase of 19.56% [1] - Institutional funds are rapidly flowing into the precious metals market as investors seek absolute defense amid macroeconomic turmoil [1] - Silver prices have also risen significantly, reaching $112 per ounce, surpassing the $100 mark [8] Group 2: Stock Market - The Dow Jones index fell below the 49,400 mark, impacted by declines in major stocks like UnitedHealth [7] - The S&P 500 index is approaching the 7,000 mark, indicating a search for breakthroughs despite market volatility, supported by technology giants [7] - The Nasdaq index showed strong performance, benefiting from short covering in the chip sector and AI stocks ahead of earnings reports [7] Group 3: Currency Market - The US Dollar Index (DXY) retreated to approximately 95.82, falling below the 96 mark, reflecting a reassessment of "dollar premium" [8] - The EUR/USD pair recovered to 1.2019, driven by narrowing interest rate differentials between the US and Europe, despite ongoing economic challenges in Europe [8] - The USD/JPY exchange rate rebounded strongly to around 152.56, after a rapid decline from 154 [8]

亚洲货币和大宗商品两大市场齐飞！ 美国总统特朗普表示，并不担心近期美元走贬，美元因此崩跌。相对应地，新兴亚洲货币指数上涨至自去年9 月以来的最高水平，MSCI新兴货币指数创历史新高。 与此同时，包括贵金属在内的大宗商品集体走强。黄金突破5200美元/盎司，布油突破66美元/桶，有色金属亦 是多数走强。A股有色板块全线走强，有色ETF一度涨超5%。煤炭ETF亦因此大涨近2.7%。那么，后续将如 何演绎？ 特朗普引爆 当地时间周二（1月27日），特朗普表示，并不担心近期美元走贬。特朗普表示，美元的价值——看看我们现 在的生意就知道了。美元表现非常棒。此话一出，立马引爆美元卖盘。 追踪美元对六种主要货币走势的美元指数，周三亚洲盘最低跌到95.566，触及2022年2月以来最低水平。随着 美元贬值贸易势头增强，新兴亚洲货币指数上涨至自去年9月以来的最高水平，MSCI新兴货币指数创历史新 高。与此同时，大宗商品价格飞涨。国际金价突破5200美元/盎司。国际油价突破66美元/桶。 策略师普遍认为，特朗普表态引发美元卖压之后，亚洲货币有望再度受益，原因在于特朗普高度关注亚洲出 口，低流动性更能放大影响力。Bank of N ...

Group 1 - The S&P 500 has reached a historical high, indicating that the U.S. stock market is characterized by a tendency to rise without significant corrections, while other indices are also expected to reach historical highs in the current global market environment [1] - Gold has transitioned from a traditional "safe-haven asset" to a substitute for currency credit, becoming a core asset to hedge against the weakening of the U.S. dollar's credit. The demand for gold has shifted from tactical to strategic [1] - The international gold price has increased nearly 13% at the beginning of 2026, surpassing the historical threshold of $5,100 per ounce, with the A-share gold sector benefiting from valuation recovery and positive earnings forecasts [1] Group 2 - The three major indices opened higher, but the majority of individual stocks declined, with strong performance in sectors such as precious metals and weak performance in sectors like aviation and home appliances [3] - The precious metals sector saw significant gains, with China Gold achieving four consecutive trading limit increases, and the spot gold price reaching a new historical high of $5,142 per ounce, up 2.6% [3] - The computing power leasing concept gained strength, with companies like Meiliyun hitting trading limits, indicating a shift in cloud computing pricing logic due to increased demand for AI computing resources [3] Group 3 - The Shanghai Composite Index opened higher but experienced fluctuations, with a notable divergence in stock performance, indicating a challenging market sentiment [5] - The ChiNext Index opened high but closed lower, suggesting that while the index appears stable, many individual stocks are struggling significantly [5] - The market is attracting substantial external capital, which may lead to accelerated index growth once regulatory pressures ease [5]

28日，A股三大指数高开后集体翻绿。截至发稿，沪指跌0.02%，深证成指跌0.19%，创业板指跌0.09%。全市近3600只个股下跌。 | 14 | | w A股 | | | | --- | --- | --- | --- | --- | | AHS 港股 | 美股 | 全球 | 商品 | 外汇 汁 三 | | 已为您生成昨日市场智评 | | | | 査看 | | 内地股票 △ ○ | | | | | | 行情 | | 资金净流入 | | 涨跌分布 | | 上证指数 | | 深证成指 | | 科创综指 | | 4138.90 | | 14302.91 | | 1897.19 | | -1.00 -0.02% | | -26.99 -0.19% | | +7.72 +0.41% | | 万得全A | | 创业板指 | | 北证50 | | 6851.14 | | 3339.52 | | 1575.81 | | -4.70 -0.07% | | -3.07 -0.09% | | +10.87 +0.69% | | 沪深300 | | 中证500 | | 中证A500 | | 4706.01 | | 8542.62 ...

Core Insights - Global commodity markets are experiencing significant capital inflows, with a focus on precious metals and agricultural products, leading to a record high in open interest value [1][4] - As of January 23, 2023, the total value of open interest in global commodity markets increased by nearly 6% week-over-week, reaching $1.83 trillion [1] - Precious metals, particularly gold, are attracting substantial investment, with gold alone seeing a net inflow of approximately $158 billion [4] Group 1: Precious Metals - Precious metals are the primary beneficiaries of recent capital inflows, with a net inflow of about $36 billion in the week, and gold's price increased by approximately 8% [4] - The total value of open interest in the precious metals market surged by 16% week-over-week, amounting to $433 billion, making it the largest contributing sector [4] - The structural logic for gold remains clear, with analysts favoring gold over silver due to potential volatility in silver prices [5] Group 2: Energy and Natural Gas - The energy market's open interest value grew by 4.8% week-over-week, reaching $700 billion, driven by geopolitical factors and supply disruptions [8] - Despite a net outflow of about $2.5 billion in natural gas contracts, prices surged by approximately 70% due to severe cold weather in North America and Europe [8] - European natural gas inventory levels are historically low, contributing to rising prices amid increased heating demand [8] Group 3: Agricultural Products - The agricultural sector also saw increased investment, with open interest value rising by 2.4% to approximately $337 billion, driven by net inflows of $8.9 billion [11] - Price increases in grains, oilseeds, and livestock markets offset declines in soft commodities, indicating a robust interest in agricultural products [11] Group 4: Base Metals - The base metals market's open interest value increased by 2% week-over-week to $258.4 billion, although the sector experienced a net outflow of $400 million [15] - Despite inflows in copper and lead, overall outflows in other base metals led to a cautious outlook on copper prices due to rising inventory levels [15] - Investor positions in base metals are stabilizing, but some commodities are nearing "overheated" conditions, suggesting potential for a slowdown in buying momentum [15]

Group 1: Market Overview - The non-ferrous metal sector experienced a significant rise, with precious metals leading the gains, as stocks like Zhaojin Gold, Sichuan Gold, and Hunan Gold hit the daily limit [4][17] - The oil and gas extraction sector also strengthened, with major companies like CNOOC rising over 7%, and PetroChina and Sinopec increasing by 4.6% and 2.67% respectively [6][19] - The overall market sentiment towards resource stocks extended to other cyclical sectors, including chemicals, steel, and coal, which also saw increases [14] Group 2: Semiconductor Sector - The semiconductor sector was notably active, with stocks like Zhongwei Semiconductor rising over 14% after announcing price increases due to supply chain pressures and rising costs [13][25] - Zhongwei Semiconductor's price adjustments for products like MCU and NOR Flash range from 15% to 50%, reflecting the industry's current supply-demand challenges [25] - The semiconductor industry's growth is further supported by high demand for AI computing and storage, leading to increased earnings expectations for related companies [25] Group 3: Chemical Sector - The chemical sector saw gains driven by price increases in key products such as epoxy propylene and glyphosate, with companies like Qihua Tengda reporting significant price recoveries [10][12] - The price of disperse dye core intermediates surged from 25,000 to 38,000 yuan, indicating a strong upward trend in dye prices [12][25] - The chemical sector's performance is bolstered by international market demand, particularly from the textile industry in Bangladesh [12] Group 4: Economic Indicators - The US dollar index fell sharply, reaching a near four-year low, which contributed to the rise in resource stocks [20][21] - Market speculation about potential currency interventions by the US and Japan has influenced currency dynamics, particularly strengthening the yen against the dollar [21][22] - Analysts predict that oil prices may stabilize around $60 per barrel in the long term, supported by demand recovery and production cost considerations [22]

Market Overview - The three major indices showed mixed performance, with the Shanghai Composite Index rising by 0.49% to 4160.01 points and the Shenzhen Component Index increasing by 0.09% to 14342.74 points, while the ChiNext Index fell by 0.37% to 3330.39 points [1] - The total trading volume in the Shanghai and Shenzhen markets reached 1.91 trillion yuan, an increase of 39.3 billion yuan compared to the previous trading day [1] Sector Performance - Resource stocks experienced a collective surge, with precious metals and oil and gas sectors leading the gains. Notable performers included China Gold with four consecutive trading limit increases and China National Offshore Oil Corporation rising over 7% to set a new historical high [2] - The dyeing and finishing chemicals sector also saw significant gains, with companies like Zhejiang Longsheng and Runtou Co. hitting their trading limits [2] - Conversely, the virus prevention sector faced a downturn, with companies like Zhijiang Biology dropping over 9% [2] Institutional Insights - CITIC Securities anticipates a stable performance for the liquor industry during the upcoming Spring Festival, driven by marketing activities and consumer education, suggesting a bottoming opportunity for the sector [3] - Huatai Securities highlights the importance of direct investment from major data center companies in accelerating power grid construction, indicating a favorable outlook for private electric grid equipment leaders and energy storage equipment [3] - Huaxi Securities notes that active funds are currently underweight in the non-bank financial sector, suggesting potential value in this area as the capital market remains active [4] Policy Developments - The State-owned Assets Supervision and Administration Commission (SASAC) is drafting a document to promote the cultivation of emerging pillar industries by central enterprises, aiming for significant development in key sectors [5] - In 2026, tax authorities will deepen tax system reforms to optimize tax structures and enhance local government financial autonomy, which may impact various sectors positively [6]