Core Viewpoint - The recent sharp decline in gold and silver prices has led to a mixed response from investors, with some seizing the opportunity to buy while others are looking to liquidate their holdings due to fears of further declines [3][7]. Market Reaction - On January 31, spot silver prices fell by 36%, marking the largest single-day drop in history, while gold prices dropped over 12%, falling below $4,700 per ounce, the largest single-day decline in 40 years [1][7]. - Despite the price drop, the demand for gold jewelry remains strong, with reports of significant purchases, such as a consumer buying 263 grams of gold jewelry for over 360,000 yuan [1][4]. Investor Sentiment - The current market shows a clear division in investor sentiment: some are buying gold and silver as a hedge, while others are anxious about potential further declines and are looking to sell [3][6]. - Online discussions reflect a mix of emotions, with some investors expressing regret over losses and others feeling that gold remains out of reach due to high prices [6]. Price Drivers - The sharp decline in gold and silver prices was triggered by the nomination of Kevin Warsh for the next Federal Reserve Chair, which led to a rapid increase in the dollar index, making gold and silver more expensive for overseas investors [7]. - Analysts suggest that the recent price movements are influenced by market sentiment and profit-taking, with a significant amount of capital having entered the precious metals market recently [7][8]. Future Outlook - Analysts predict that while short-term volatility may continue, the long-term outlook for gold remains positive due to ongoing geopolitical risks and potential shifts in U.S. monetary policy [8][9]. - The potential for gold prices to reach $6,000 per ounce is noted, although short-term fluctuations are expected [8]. - The market for silver may experience even greater volatility due to its smaller market size and lower liquidity compared to gold [9].

Group 1 - The silver market is experiencing a significant pullback due to reduced concerns over a U.S. government shutdown and a rebound in the U.S. dollar index, despite a monthly gain exceeding 60%, potentially marking the best monthly performance in history [1] - Hedge funds and large investors have engaged in substantial profit-taking in December, missing out on the recent surge in silver prices, with personal investors contributing a record net inflow of $921.8 million into silver-related ETFs from mid-December to mid-January [1] - The CFTC report indicates that net long positions in silver futures are approximately 11,326 contracts, down from about 50,000 contracts in June of the previous year, suggesting that institutional investors feel left behind in the current market dynamics [2] Group 2 - Current selling pressure in the silver market may extend towards two upward trend lines, with the first line projected to reach $100.46 and the second line expected to rise to $86.74 by Friday [3] - A breakthrough above $121.67 in silver prices could invalidate the current reversal pattern, leading to an upward shift in the previous retracement area, necessitating close monitoring of the intersection points of trend lines and retracement areas for stronger support [3]

Core Insights - The cryptocurrency market is experiencing a significant decline, with major assets like Bitcoin, Ethereum, and XRP reaching multi-month lows, leading to increased liquidations [1][2][3] Price Movements - Bitcoin has dropped 8% in the last day to $77,195, marking a nine-month low and a weekly decline of over 13%, with a total decrease of nearly 39% since its peak above $126,000 in October [1] - Ethereum has fallen 13% to $2,362, down 20% over the past week, and has lost 52% of its value since peaking near $5,000 in August [2] - XRP is down 10% to $1.58, while other altcoins like Solana and Dogecoin have also seen significant declines of 14% and 13%, respectively [2] Liquidations and Market Sentiment - Futures traders faced substantial losses, with $2.53 billion in liquidations, predominantly from long positions, indicating a bearish market sentiment [3] - Ethereum accounted for nearly half of the liquidations at $1.14 billion, followed by Bitcoin at $765 million [3] - Market predictions show a growing bearish sentiment for Bitcoin, with a 65% chance of falling to $69,000, an increase of 22% in bearish odds over the last day [4] Market Drivers - The recent market downturn is attributed to volatility driven by fears of a U.S. government shutdown and concerns over a potential bubble in AI investments [5] - Approximately $1.5 billion in assets exited U.S. spot Bitcoin ETFs in the past week, indicating a shift away from risk-on assets, with Ethereum ETFs losing $327 million [5] Precious Metals Reaction - Precious metals like gold and silver saw a surge to all-time highs earlier in the week, reflecting a risk-off attitude, although they experienced sharp declines on Friday [6]

Group 1 - The precious metals market is experiencing a significant correction after a period of exuberance, with gold trading around $5180, silver at $110, and platinum down over 5% at approximately $2480 [1] - Analysts attribute this correction to short-term profit-taking and increased risk controls by exchanges, while long-term support factors such as geopolitical risks, central bank gold purchases, and expectations of Federal Reserve easing remain intact, indicating a continuation of the bull market for precious metals [1] Group 2 - Trump plans to announce a successor to Federal Reserve Chairman Powell, expressing confidence in the nominee's ability to promote rate cuts amid signs of strong economic growth [2] - The Federal Reserve maintains interest rates, noting resilient economic activity and initial stabilization in the labor market, but emphasizes persistent high inflation and uncertain outlook, with expectations for a rate cut in June [2] - Geopolitical tensions are escalating, with Iran warning of unprecedented self-defense measures and the EU designating the Iranian Revolutionary Guard as a terrorist organization, while the U.S. increases military presence near Iran [2] Group 3 - Technical analysis indicates that gold prices are supported by the 21-day moving average, with a bullish trend reinforced by the relative strength index (RSI) at 72.07, suggesting potential for price consolidation rather than reversal [3] - Key support for silver is identified at $105.39, which is crucial for maintaining the recent upward trend; failure to hold this level may lead to further corrections [3] - Platinum is currently in a consolidation phase, with critical support at $2500; if this level holds, it may maintain its range, but a drop could lead to a test of the $2400 level [4]

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Gold's rally above $5,500 per ounce is starting to break normal pricing logic. In an Instagram reel posted in late-January, a luxury watch dealer based in Philadelphia said he was taking a solid white-gold Rolex Sky-Dweller apart and melting it down because the gold could be worth more than trying to sell the watch as-is. "I'm pretty sure that after we melt this white gold Rolex Sky-Dweller into a ball, ...

Chinese investors piling into a record-breaking rally in precious metals are becoming increasingly exposed to risk, as speculative demand pushes local prices well above international benchmarks. Authorities in the southern city of Shenzhen set up a special task force to oversee the operations of a gold-trading platform, according to a statement from the Luohu district government, after investors faced difficulties withdrawing funds from their accounts. China’s only pure-play silver fund, meanwhile, halted ...

汇丰银行亚太区外汇固收交易部主管黄子卓称，亚洲区内黄金需求大、高净值人群持续增加，香港可成 为连接内地与国际的黄金市场枢纽。香港可结合创新技术，例如代币化，打造完善的生态系统。 （来源：千龙网） 此外，团结香港基金副总裁兼公共政策研究院执行总监水志伟称，沪港合作有助于香港借鉴内地成熟的 仓储和实物交割经验，令香港黄金交易和结算制度更完善和高效。同时，可拓宽互联互通产品种类，为 投资者提供更多元的避险及资产配置机遇，从而巩固香港金融市场的国际影响力。 中新社香港1月26日电 (记者 魏华都)香港特区政府财经事务及库务局26日在香港举行的第19届亚洲金融 论坛上，与上海黄金交易所签署合作协议，推动香港黄金交易市场高质量发展。 "沪港合作展示了两大国际金融中心合力建设亚洲黄金生态圈的共同决心和信心。"中国银行(香港)副总 裁王化斌认为，香港凭借丰富的黄金交易经验，构建起"交易-清算-交割-仓储"全链条服务体系，吸引全 球市场参与者集聚香港黄金市场，带动相关产业发展。 在本届亚洲金融论坛增设的"环球视野-黄金交易"讨论环节上，全球贵金属交易、精炼与综合金融服务 企业MKS PAMP行政总裁詹姆斯·埃米特(James ...

Core Viewpoint - Analysts predict a continued upward movement in Bitcoin, which has recently surpassed $95,000, indicating a potential path towards the $100,000 to $106,000 range [1][2]. Market Analysis - Bitcoin's price is currently trading above $95,000, the highest level since November 17, and is well above the 50-day simple moving average, suggesting a strong bullish trend [2]. - The macroeconomic environment described as "Goldilocks" is fostering renewed risk-taking across various markets, including cryptocurrencies, as U.S. job stability and stable inflation contribute to this sentiment [3]. - Market flows indicate bullish sentiment, with significant activity in call options at $96,000, $98,000, and $100,000 strikes on Deribit, suggesting expectations for Bitcoin to reach six figures [4]. Altcoin Performance - Major altcoins such as Ether (ETH), XRP, Dogecoin (DOGE), and Cardano (ADA) have experienced approximately 5% gains, while smaller tokens have shown even larger rallies, with the CoinDesk Metaverse Select Index rising by 11% and the Culture & Entertainment Select Index increasing by 8% [6]. Precious Metals Influence - Gains in precious metals, which are often viewed as safe havens during geopolitical unrest, are contributing to Bitcoin's upward movement, as a strong performance in metals may redirect investment flows back into digital assets [2]. Regulatory Environment - A report from Galaxy highlights concerns regarding a Senate crypto bill that could lead to significant financial surveillance, potentially increasing the attractiveness of privacy-focused tokens like Monero (XMR) and Zcash (ZEC) [5].

Core Insights - Gold.com, Inc. has successfully completed the acquisition of Monex, a prominent precious metals dealer, enhancing its service offerings and operational capabilities [1][2] - The company has increased its stake in Atkinsons Bullion & Coins to 49.5%, further expanding its international direct-to-consumer presence [3][4] - Gold.com will ring the NYSE Opening Bell on January 27, 2026, marking its transition to a fully integrated alternative assets platform [9] Monex Transaction Update - The acquisition of Monex allows Gold.com to integrate teams and platforms efficiently, leveraging decades of collaboration [2] - Monex has facilitated billions in transactions since its founding in 1987, generating total revenue of $835 million for the year ending December 31, 2024, and holding $630 million in assets under custody as of September 30, 2025 [2] Atkinsons Bullion & Coins Investment Update - Gold.com acquired an additional 24.5% equity interest in Atkinsons, increasing its total ownership to 49.5% [3] - Atkinsons reported revenue exceeding $370 million in calendar year 2025, and Gold.com holds an option to acquire an additional 25.5% ownership interest beginning December 2027 [4][5] Auction Highlights - Stack's Bowers Galleries conducted a landmark auction for the final circulating Lincoln pennies, realizing over $16.76 million [6][8] - The auction featured 232 three-coin sets, with an average lot value exceeding $72,000, and the final set achieving a record price of $800,000 [8] Company Overview - Gold.com, founded in 1965, offers a comprehensive solution for precious metals and collectibles, combining market expertise with logistics, financing, and minting capabilities [10] - The company's direct-to-consumer marketplace includes flagship brands such as JMBullion.com and Stack's Bowers Galleries, serving millions of customers globally [11]

Summary of Global Precious Metals Comment Industry Overview - The report focuses on the **precious metals industry**, particularly gold, silver, platinum, and palladium, and discusses market dynamics and investor behavior as of the end of 2025 and outlook for 2026. Key Points and Arguments Market Volatility and Outlook - The end of 2025 saw extreme volatility in precious metals, prompting market participants to reassess their outlooks for 2026. The sharp rally to record highs followed by a retracement raises questions about future trends [1][2] - Despite recent market movements, the core views on precious metals are expected to remain unchanged, although higher volatility is anticipated in the coming year [2] White Precious Metals Performance - White metals, particularly silver and PGMs (platinum group metals), led the market in December 2025 due to ongoing tightness and thinner liquidity conditions during the holiday period. Increased activity from China has also been a significant factor [4] - The sustainability of the rally in white metals is uncertain, with potential for demand destruction due to sharply higher prices, which could ease market tightness [5] Demand from China - There is notable upside risk for silver and PGMs driven by increased trading volumes in China, indicating heightened interest from both institutional and retail investors. Low interest rates in China are pushing investors towards alternative assets like precious metals [6] - Futures trading volumes for silver have increased significantly in the second half of 2025, with new futures and options introduced on the Guangzhou Futures Exchange (GFEX) [7] Market Conditions and Inventory Trends - Tight market conditions for silver and PGMs are evident, with forward contracts remaining in backwardation. Silver inventories in China have been declining since 2020, which may lead to restocking if industrial demand improves [8] - Higher stockpiles of platinum and palladium in China could amplify global tightness and exert upward pressure on prices [8] Volatility and Investor Behavior - Increased participation in the market could lead to greater volatility, particularly with more short-term players entering. While there are upside risks, there is also caution regarding potential sharp pullbacks [9] - The recent spike in volatility may deter some investors seeking stability in hard assets like precious metals [9] Gold Market Insights - Gold prices have reached new highs, prompting a reassessment of the outlook for 2026. While a continuation of the uptrend is expected, some consolidation may occur before further increases [10] - The upcoming index rebalancing in January is anticipated to create a near-term headwind for gold and silver prices, but physical buying may absorb the selling pressure [10][11] - Continued diversification into gold by various investor types is expected to drive demand in 2026, with liquidity issues potentially impacting prices if physical demand surprises on the upside [12] Cautionary Notes - The report emphasizes the need for caution regarding the recent rally in gold prices, which may not have clear drivers, suggesting a potential end to the current bull cycle [13] Additional Important Insights - The report includes figures on ETF flows, speculative positions in silver, gold, and platinum, and trading volumes in China, indicating strong inflows and increased trading activity [14][15][18][21] - The analysis highlights the importance of monitoring market dynamics closely, especially in light of changing investor behaviors and macroeconomic conditions [9][12]