Group 1: Market Reactions - The US dollar strengthened after Congress reached an agreement to fund the government through the end of the year, easing concerns about a potential government shutdown, which led to some traders selling gold [2] - Silver (XAG/USD) is trading at 112.43, down 2.89%, as sellers entered the market following recent gains [1] Group 2: Federal Reserve and Economic Indicators - Ongoing concerns about the Federal Reserve's independence and the potential for lower interest rates are capping the dollar's gains, with investors awaiting the announcement of a new Fed chair and the upcoming US Producer Price Index (PPI) report [3] Group 3: Geopolitical Factors Impacting Gold - US geopolitical tensions, including President Trump's tariff threats and military posturing in the Middle East, are providing support for gold prices, limiting their losses [4][5] - The unresolved conflict between Russia and Ukraine adds to market uncertainty, as Ukraine rejected Russia's demands, keeping the situation tense [6]

A股三大指数涨跌不一，截至午间收盘，沪指跌1.19%报4108.46点，深成指跌0.96%，创业板指涨 0.8%，北证50指数涨0.18%。沪深京三市半日成交额19514亿元，较上日缩量836亿元，全市场超3800只 个股下跌。盘面上，金银价格再度大跳水，现货黄金失守5200美元/盎司，有色金属板块大幅回调，赤 峰黄金、山东黄金、白银有色等多股跌停；培育钻石、光伏设备、地产板块走低，农业、影视院线、 CPO板块则逆势上涨。 ...

【导读】贵金属概念股集体调整，农业板块快速走高 1月30日开盘，A股三大指数震荡走低，截至发稿，沪指跌0.51%，深成指跌0.80%，创业板指跌0.11%。 | 上证指数 | 深证成指 | 科创综指 | | | --- | --- | --- | --- | | 4136.78 | 14185.16 | 1828.84 | | | -21.21 -0.51% -114.92 -0.80% -2.26 -0.12% | | | | | 万得全A | 创业板指 | 北证50 | | | 6798.52 | 3300.89 | 1519.85 | | | -48.76 -0.71% -3.62 -0.11% | | -16.15 -1.05% | | | 沪深300 | 中证500 | 中证A500 | | | 4716.59 | 8407.95 | 5909.75 | | | -37.28 -0.78% -109.89 -1.29% -59.16 -0.99% | | | | | 中证1000 | 深证100 | 中证红利 | | | 8269.84 | 5823.30 | 5745.32 | | | -62.3 ...

2026年01月30日 国泰君安期货商品研究晨报-贵金属及基本金属 观点与策略 | 黄金：再创新高 | 2 | | --- | --- | | 白银：高位回落 | 2 | | 铜：美元弱势，支撑价格 | 4 | | 锌：库存去化 | 6 | | 铅：国内库存持续增加，施压价格 | 8 | | 锡：区间震荡 | 9 | | 铝：高位高波 | 10 | | 氧化铝：偏弱运行 | 10 | | 铸造铝合金：跟随电解铝 | 10 | | 铂：震荡上行 | 12 | | 钯：ETF持续流入，跟随上涨 | 12 | | 镍：印尼事件悬而未决，套保与投机盘博弈 | 14 | | 不锈钢：印尼加剧镍矿担忧，镍铁跟涨支撑重心 | 14 | 国 泰 君 安 期 货 研 究 所 请务必阅读正文之后的免责条款部分 1 期货研究 商 品 研 究 商 品 研 究 2026 年 1 月 30 日 黄金：再创新高 白银：高位回落 刘雨萱 投资咨询从业资格号：Z0020476 liuyuxuan023982@gtjas.com 【基本面跟踪】 贵金属基本面数据 | | | 昨日收盘价 | 日涨幅 | 昨日夜盘收盘价 | 夜盘涨幅 | | -- ...

在经历连续暴涨之后，黄金、白银在深夜暴跌。 据新华社消息，伦敦现货金银价格29日双双大幅下跌，现货黄金价格失守每盎司5200美元关口，现货白银价格失守每盎司110美元关口。 Wind数据显示，伦敦现货金银价格在美股交易时段短时呈现V形走势，大幅下挫后快速回升。截至北京时间1月30日5:56，伦敦金现货价格下跌0.66%，报 5382.127美元/盎司；COMEX黄金期货价格上涨1.60%，报5425.5美元/盎司。 伦敦银现货价格下跌0.79%，报115.683美元/盎司；COMEX白银期货价格上涨2.28%，报116.120美元/盎司。 此前，国际金价持续上涨，引发市场各方关注。自1月26日，现货黄金价格突破每盎司5000美元的重要整数关口后，国际金价在震荡中继续上涨，连续突 破多个重要关口，至29日突破每盎司5500美元，并一度逼近5600美元。自今年初以来，国际金价已累计上涨28%左右。 业内分析指出，来自地缘政治紧张局势加剧和由此导致的市场避险情绪快速升温。多重风险因素叠加，共同推动了市场对黄金的强烈避险需求，但切勿盲 目追涨杀跌。 金银短线跳水源于投资者获利了结 据智通财经报道，分析认为，金银的短线 ...

2026年01月29日 国泰君安期货商品研究晨报-贵金属及基本金属 观点与策略 | 黄金：再创新高 | 2 | | --- | --- | | 白银：冲刺120 | 2 | | 铜：美元承压，价格偏强 | 4 | | 锌：现实偏强 | 6 | | 铅：海外库存减少，支撑价格 | 8 | | 锡：区间震荡 | 9 | | 铝：震荡偏强 | 10 | | 氧化铝：逢高沽空 | 10 | | 铸造铝合金：跟随电解铝 | 10 | | 铂：跟随抬升 | 12 | | 钯：警惕补涨 | 12 | | 镍：印尼事件悬而未决，套保与投机盘博弈 | 14 | | 不锈钢：印尼加剧镍矿担忧，镍铁跟涨支撑重心 | 14 | 国 泰 君 安 期 货 研 究 所 请务必阅读正文之后的免责条款部分 1 期货研究 商 品 研 究 商 品 研 究 2026 年 1 月 29 日 黄金：再创新高 白银：冲刺 120 刘雨萱 投资咨询从业资格号：Z0020476 liuyuxuan023982@gtjas.com 【基本面跟踪】 期货研究 贵金属基本面数据 | | | 昨日收盘价 | 日涨幅 | 昨日夜盘收盘价 | 夜盘涨幅 | | --- ...

Group 1 - The Federal Reserve announced to maintain the federal funds rate target range at 3.5% to 3.75%, aligning with market expectations [2] - Following the Fed's decision, precious metals saw significant price increases, with London gold reaching a new high of $5400 per ounce, and COMEX silver futures rising over 10% [1][8] - The Dow Jones increased by 0.02%, while the S&P 500 decreased by 0.01%, and the Nasdaq rose by 0.17% [2] Group 2 - Major tech stocks showed mixed performance, with the Tech Giants Index up by 0.19%. Nvidia rose by 1.59%, while Apple, Amazon, Meta, and Tesla experienced declines [4] - Microsoft reported Q2 FY2026 revenue of $81.27 billion, exceeding analyst expectations of $80.31 billion, but its stock fell over 7% post-announcement [4] - Meta's Q4 2025 revenue reached $59.89 billion, surpassing market estimates of $58.42 billion, leading to a post-announcement stock increase of over 10% [5] - Tesla's Q4 2025 revenue was $24.901 billion, slightly above market expectations, resulting in a stock increase of over 3% [6] Group 3 - The Nasdaq China Golden Dragon Index rose by 0.32%, and the Chinese tech leaders index increased by 0.63%, with BYD ADR up over 2% and Alibaba, NetEase, and Xiaomi ADRs rising over 1% [7] Group 4 - International oil prices increased, with light crude oil futures for March delivery rising by $0.82 to $63.21 per barrel, a 1.31% increase, and Brent crude oil futures up by $0.83 to $68.40 per barrel, a 1.23% increase [10]

黄金市场，正在不断刷新人类对"硬通货"的认知。 1月28日，黄金价格延续近期强劲涨势，截至发稿，美国纽约商品交易所黄金期货价格突破每盎司5300美元的历史性关口。 2026年1月以来，金价累计上涨已超过880美元，年内涨幅超20%。当被问及对当前历史性高位的黄金市场有何建议时，广东省黄金协会监事长兼首席分析 师朱志刚告诉封面新闻记者，当前黄金市场正处于"所有指标都可能失灵"的状态。"大家现在基本上都看涨了。"面对这样的市场情绪，他提醒投资者，虽 然长期看涨趋势明显，但短期暴涨同样伴随着暴跌风险。 黄金价格下一步还会涨吗？朱志刚透露："年初的预测是突破5000美元/盎司，已经被突破了，下一个目标是6400美元/盎司。" 金价与金饰价格联动飙升 国际金价的暴涨迅速传导至国内零售市场。1月28日，国内主流金饰品牌报价应声刷新高位，首次突破1600元/克大关。 上涨逻辑：超越传统避险的"货币担忧" 世界黄金协会此前曾表示，展望2026年，黄金市场将进入多重力量交织、动态平衡的新阶段。多位市场分析师指出，本轮黄金上涨的核心逻辑已超越了传 统的避险交易范畴。 具体来看，周生生足金饰品报价升至1614元/克，老庙黄金报价1 ...

Core Viewpoint - The international gold price surged over $100 in a single trading day, with London spot gold breaking historical records, indicating a significant market reaction to geopolitical tensions and economic factors [1][10]. Group 1: Market Performance - On January 28, London spot gold reached a peak of $5311.06 per ounce, with a daily increase of 1.86%, while COMEX gold futures hit $5345 per ounce, rising by 3.33% [1]. - Domestic gold prices also set new records, with Shanghai Gold Exchange spot gold (Au99.99) peaking at 1185 CNY per gram [1]. - A surge in A-share gold concept stocks was observed, with over 30 stocks, including China Gold and Sichuan Gold, hitting the daily limit [1]. Group 2: Risk Warnings from Companies - Multiple listed companies in the gold and silver sectors issued risk warnings, highlighting the potential volatility in their revenues due to fluctuating metal prices [3][4]. - Jin Hui Co. reported that silver sales accounted for only 12.46% of its total revenue, indicating limited exposure to silver price fluctuations [4]. - China Gold projected a significant decrease in net profit for 2025, estimating a drop of 55% to 65% year-on-year [4]. Group 3: Regulatory Measures - Exchanges and banks implemented measures to cool down the overheated gold and silver markets, including adjusting margin requirements and risk levels [5][9]. - The Chicago Mercantile Exchange raised margin requirements for certain silver contracts to approximately 11% of nominal value, effective January 28 [5]. - The Shanghai Gold Exchange and the Shanghai Futures Exchange announced adjustments to margin levels and trading limits for silver and gold futures contracts [7]. Group 4: Geopolitical Influences - The surge in gold prices is attributed to geopolitical tensions, particularly related to Greenland and Middle Eastern issues, which have heightened market uncertainty [10][11]. - Analysts suggest that the ongoing geopolitical risks could sustain the upward trend in gold prices, with potential for prices to exceed $6000 per ounce if current conditions persist [11][12].

Group 1 - The company Hunan Silver (002716.SZ) has disclosed its earnings forecast for the year 2025, expecting a net profit attributable to shareholders of between 285 million yuan and 385 million yuan, representing a year-on-year growth of 67.88% to 126.78% [1] - The company's net profit after deducting non-recurring gains and losses is projected to be between 265 million yuan and 365 million yuan, indicating a year-on-year increase of 120.20% to 203.29% [1]