21世纪经济报道记者董鹏 贵金属市场仍未企稳。2月5日早盘，伦敦银再次出现14%的下跌，这距一周前的高点已经回撤近40%，并且可能会再次创出阶段性新低。 金、银价格剧烈波动，有的企业选择高位出手，落袋为安，也有人敢于跌停抄底，甚至是加杠杆入局。 A股的奥克股份、港股英皇娱乐酒店，近期便分别将其库存原料白银、用于装饰的金砖对外出售，后者更因此有望获得9020万港元的投资收益。 "鉴于当前的市场状况以及该贵金属的市场价格目前处于高位水平，董事认为出售事项对本集团而言为一个良好机会实现和释放该贵金属的价值，同时使本 集团未来能够节省与该贵金属相关的保安及保险费用。"英皇娱乐酒店公告指出。 另一边的权益市场，更为精彩。不仅有兴业银锡董秘敢于在第三个跌停板逆市增持200万的案例，更有融资资金趁着金价回落的机会，两天狂买18亿元湖南 黄金…… 过去二十年，为了在澳门英皇娱乐酒店内的博彩场所营造奢华辉煌的氛围以提升品牌形象，英皇娱乐酒店将多块金砖铺满其酒店大堂地面的主要通道区域， 并吸引了大量人流。 "自终止其博彩业务营运后，本集团积极筹划其他娱乐及休闲设施，以提升整体服务体验并扩阔收入基础。"英皇娱乐酒店称，鉴于相关区域 ...

2月5日，白银价格周四大幅下跌，打破前两日的反弹势头，这可能意味着该金属想要重拾上涨势头困难 重重。 截至发稿，伦敦银价跌幅超过14%，从高点90美元/盎司下跌至77美元/盎司。该金属在上周五至本周一 短短两天内暴跌近30%，引发了金属行业的集体回调。 黄金周四也在下跌，伦敦金现价下跌超2%，跌破4900美元/盎司水平，但整体跌幅较白银温和许多。 尽管市场缺乏重大新闻，但需要注意的是，贵金属的最新波动性并不需要任何消息来推动。自上周以来 的急剧回调已经引发了波动性冲击，而这些冲击需要时间才能在市场中完全消退。 目前来看，黄金和白银价格都将进入一段较长的盘整阶段。分析师警告，在此期间，逢低买入者应保持 谨慎，避免过度操作，尤其在市场情绪主要由获利回吐驱动的情况下。 此外，高盛指出，波动的时机表明，西方资金流动而非中国投机行为才是造成大部分市场上涨和下跌的 幕后推手，大多数剧烈波动都发生在中国期货市场休市期间。 不过，鉴于白银价格在过去2025年超过140%的涨幅，此时的盘整也符合市场逻辑。StoneX 市场情报主 管Rhona O'Connell警告称，白银价格被严重高估，陷入了自我实现的狂热之中，且白银价格向 ...

Precious metals experienced a sharp decline in price on Thursday, with both gold and silver falling amidst a broad market sell-off. This pressure was driven by the dollar's rise to almost a two-week h... ...

Core Viewpoint - Silver prices have significantly dropped, erasing gains from the previous two days, indicating a search for a bottom after a historic plunge. Gold prices have also declined [1][2]. Group 1: Price Movements - On Thursday, silver prices fell by 15%, having briefly risen above $90 earlier in the Asian session. Gold experienced a fluctuation, with a drop of 3.2% [1][2]. - As of 10:58 AM Singapore time, spot gold decreased by 2.5% to $4,839.45 per ounce, while silver fell by 14% to $75.8875 per ounce [1][2]. Group 2: Market Drivers - The surge in precious metals last month was driven by speculative fervor, geopolitical turmoil, and concerns regarding the independence of the Federal Reserve. However, this upward trend abruptly ended last week [1][2]. - Silver faced its largest single-day decline, while gold recorded its biggest drop since 2013 [1][2].

Market Overview - The A-share market experienced a collective decline today, with the Shanghai Composite Index falling by 2.48%, the Shenzhen Component Index by 2.69%, and the ChiNext Index by 2.46% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 2.61 trillion yuan, a decrease of 255.8 billion yuan compared to the previous day, with over 4,600 stocks declining [1] Sector Performance - Major sectors such as precious metals, oil and gas extraction and services, chemicals, coal, steel, semiconductors, PEEK materials, and photolithography concept stocks saw significant declines, while the liquor and power grid equipment sectors showed resilience [1] - The precious metals and related sectors were heavily sold off, with stocks like Hunan Silver hitting the limit down with nearly 10 billion yuan in sell orders [1] External Influences - The recent "black swan" event in global commodity markets, particularly the sharp drop in international gold and silver prices, was a direct trigger for today's A-share adjustment [3] - Concerns over the potential hawkish stance of the new Federal Reserve Chair, coupled with significant profit-taking by hedge funds, led to a more than 5% drop in gold prices in a single trading day, marking the largest single-day decline in nearly a decade [3] Domestic Factors - An increase in the value-added tax rate for telecom services from 6% to 9% starting January 1, 2026, is expected to impact the profit forecasts of major telecom operators like China Mobile, China Telecom, and China Unicom, contributing to a decline in their stock prices [4] - The dense disclosure period for annual performance forecasts has led to some companies failing to meet high market expectations, resulting in a collective pullback in growth stocks, particularly in the semiconductor and certain new energy sectors [4] Market Sentiment and Future Outlook - The market is currently facing seasonal liquidity tightening as the Spring Festival approaches, leading some investors to hold cash to avoid uncertainties during the holiday, which has weakened market support [4] - Despite the current downturn, there may be opportunities for short-term rebounds as some risks have been released, and investors are advised to look for quality stocks that have been oversold [5] - The ability of the market to stabilize in the short term will depend on whether gold and silver prices can find a bottom and stabilize [5]

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Market Performance - The three major U.S. stock indices closed lower, with the Dow Jones down 0.34% at 49,240.99 points, the S&P 500 down 0.84% at 6,917.81 points, and the Nasdaq down 1.43% at 23,255.19 points [1] - Major tech stocks mostly declined, with Microsoft and Nvidia down nearly 3%, Facebook down over 2%, Amazon down nearly 2%, Google down over 1%, and Apple down 0.2%. Tesla saw a slight increase of 0.04% [1] - Popular Chinese concept stocks mostly fell, with Bilibili down over 4%, Alibaba and Baidu down over 2%, and JD.com and iQIYI down over 1%. Xpeng Motors rose over 4%, and Li Auto increased nearly 3% [1] European Market - European stock indices closed slightly lower, with Germany's DAX down 0.07% at 24,781.38 points, France's CAC40 down 0.02% at 8,179.5 points, and the UK's FTSE 100 down 0.26% at 10,314.59 points [1] Commodity Prices - U.S. oil futures rose by 2.83%, closing at $63.90 per barrel, while Brent oil futures increased by 2.55% to $67.99 per barrel [1] - International precious metal futures generally rose, with COMEX gold futures up 6.83% at $4,970.50 per ounce and COMEX silver futures up 10.27% at $84.92 per ounce [1] - Most London base metals increased, with LME tin up 7.95% at $50,295.00 per ton, LME copper up 4.02% at $13,410.00 per ton, and LME nickel up 3.38% at $17,395.00 per ton [1] Bond Market - U.S. Treasury yields showed mixed results, with the 2-year yield up 0.01 basis points at 3.570%, the 3-year yield up 0.01 basis points at 3.643%, the 5-year yield down 0.34 basis points at 3.832%, the 10-year yield down 0.59 basis points at 4.266%, and the 30-year yield down 1.76 basis points at 4.895% [1] - European bond yields collectively rose, with the UK 10-year yield up 1.1 basis points at 4.516%, France's 10-year yield up 1.7 basis points at 3.465%, Germany's 10-year yield up 2.2 basis points at 2.888%, Italy's 10-year yield up 1.7 basis points at 3.496%, and Spain's 10-year yield up 2.3 basis points at 3.254% [1]

金价大跳水之后，市场像被泼了一盆冷水，热情立刻收缩；有人抢着抄底，也有人捂着脑袋数亏损，这 是行情的两面，也是人性的缩影。 1月30日，纽约商品交易所四月黄金期价一度跌破每盎司4800美元关口，单日跌幅超过十个点，现货黄 金盘中最低触及4682美元，收盘报4880.03美元，单日最大跌幅超十二个百分点，那声音像是砸盘的铁 锤，敲醒了市场的躁动情绪；国内金饰门店的克价应声下调，多数产品单克回落约80元，两天之内，市 面上从1700掉到1500的幅度，像是把泡沫戳破了。 北京的金店门外，旧金回收处排起队伍，有人把旧首饰换成现金走人，也有人走进投资金条区，面对跌 价微笑着掏钱，这就是市场的戏码——恐惧与贪婪同台演出；媒体拍到一位在菜百首次买金的市民，斥 资约二十多万元买入二百克黄金，他说"黄金保值""长期看好""不在意短期波动"，一句话里既有信念， 也有安慰自己成分。 江西南昌早晨的金店里，市民匆匆掏钱，有人怕这回错过反弹，有人怕再等就涨不上去，还有人直 说"能戴也能投资"，这话听着亲切，但别忘了，市场从来不讲情面，只讲价钱；有商家抱怨，"前天一 千二百多收的，来不及买都亏了，两天最少亏十五万"，这不是感慨，是账面 ...

第一，政策预期的变化。1月30日，沃什被提名下任美联储主席。但由于沃什降息+缩表的政策主张，引发市场对未来流动性的担忧，带动美元走强，金 价立马就回调了。 黄金价格大幅波动，普通投资者该咋办？ 不久前还一路上涨的国际金价，最近连续大幅下跌，带动国内贵金属市场甚至首饰金跟着剧烈震荡。金价为什么会"跳水"，个人黄金投资者该怎么办？来 和财经老王一起聊聊黄金投资。 从去年初到现在，国际黄金价格涨幅已超一倍。1月29日，伦敦金一度冲上5598美元/盎司的历史高点，可短短三天之后，就暴跌了900多美元，现在的价 格是4700美元左右——白银更惨，三天价格下跌超过三成。 今天（2日），国内贵金属市场也剧烈震荡：沪银期货主力合约开盘跌停，沪金期货跌超10%，A股多只黄金股跌停。为了防止风险蔓延，上海黄金交易 所紧急上调白银延期合约保证金和涨跌停板比例。工行、农行、中行、建行、交行、邮储银行等银行也纷纷发布风险提示，劝大家审慎评估投资风险，别 盲目追涨杀跌，甚至调高了积存金业务的门槛和保证金。 那么，这轮"跳水"到底因为什么呢？ 老王翻遍机构报告，请教了几位业内人士，总结出两大关键原因： 第二，涨得太猛，该回调了。今年以来伦 ...

单日再跌134元/克 受国际金价影响，今日国内黄金饰品价格继续回调。周生生足金饰品报1484元/克，较前一日1618元/克跌134元。 | 周生生 PROMESSA | MINTYGREEN | EMPHASIS | MARCO BICEGO | 劳力士 | 帝舵表 | | --- | --- | --- | --- | --- | --- | | | | | | | 金价(人民币) | | 足金饰品 (每克 ) | | 卖出 | | | ¥1484 | | | | 换金价 | | | ¥1263 | | | | 换珠宝价 | | | ¥1263 | | 950铂金饰品 (每克 ) | | 卖出 | | | ¥824 | | | | 换金价 | | | ¥662 | | 生生金宝 (每克 ) | | 卖出 | | | ¥1300 | 前一交易日，贵金属市场遭遇史诗级暴跌。 2月2日早盘，黄金、白银集体低开，现货白银一度大跌近8%，随后开始反弹，现货黄金一度重返4800美元，现货白银日内涨幅一度扩大至近4%。 9:12左右，黄金、白银再次出现大跳水，现货黄金失守4590美元关口，一度跌至4583美元，现货白银也 ...