综述｜国际贵金属市场巨幅震荡 短期调整风险增加 国际黄金和白银价格29日上演"过山车"行情，双双站上高位后暴跌，市场剧烈波动。 分析人士认为，国际贵金属价格近期的走势吸引大量 投机者涌入市场，加剧了市场波动性。 纽约商品交易所4月黄金期价29日早盘一度触及每盎司5626.80美元，3月白银期价一度触及每盎司121.785美元。之后市场突然遭遇剧烈 抛售，金价在短短28分钟内暴跌380美元，跌幅近7%，银价在同一时间段暴跌11%。 世界黄金协会日前发布2025年第四季度及全年黄金需求趋势报告指出，黄金在2025年的涨势"巩固了黄金在各国央行、投资者和消费者心 目中的地位"，这一结构性调整的影响将持续到2026年初。 菲尼克斯期货与期权公司总裁凯文·格雷迪认为，贵金属市场近期抛物线式上涨吸引了大量算法交易机器人操作，与此同时，许多普通交易 员选择离场。这是贵金属市场剧烈波动的主要促成因素之一。 一些市场分析人士认为，仅关注价格会忽略市场当前正在发生的重要转变。对一些机构投资者而言，他们将重新评估黄金在投资组合中的 比例和作用。这种重新定位在数据中也得到体现。 世界黄金协会数据显示，2025年全球实物黄金需求首次突 ...

【大河财立方消息】1月30日，现货黄金、白银持续下挫。截至发稿，现货黄金跌超5%，失守5100美元/盎司关口。现货白银跌超10%，报103.518美元/盎 司。纽约期银跌超7％。 | < W | 伦敦金现 | | | | | | --- | --- | --- | --- | --- | --- | | | SPTAUUSDOZ.IDC | | | | | | 507 3 079 F2 | | 5377.160 | | 品量 | 0 | | -304.081 -5.66% 开盘 | | 5390.563 | | 现手 | 0 | | 最高价 5451.010 | 持 仓 | 0 | | 外 盘 | 0 | | 最低价 5051.305 | 增 仓 | 0 | 内 | | 0 | | 分时 五日 | EK | 居K | FK | 更多 | | | 管加 | | | 均价:0.000 | | | | 5703.015 | | | 6.06% 註一 | 5073.348 | | | | | | | 2- 5073.079 | | | | | | | 16:35 5069.020 16:35 5068.280 | 0 ...

摘要周五(1月30日)亚洲时段，国内黄金t+d合约跟随国际现货黄金大幅回调，日内跌幅持续扩大，一度 大跌近6%，最低触及1140.41元/克，目前黄金t+d交投于1160元/克附近。 周五(1月30日)亚洲时段，国内黄金t+d合约跟随国际现货黄金大幅回调，日内跌幅持续扩大，一度大跌 近6%，最低触及1140.41元/克，目前黄金t+d交投于1160元/克附近。 【要闻速递】 《华尔街日报》报道称，美国总统特朗普和参议院民主党人达成协议，避免政府停摆，从而提振了美 元。此外，美联储谨慎的维持利率不变的决定，以及美元在近期跌至四年低点后的获利回吐，共同推动 美元在特朗普周五上午晚些时候宣布美联储主席人选前走强，直接带动国际现货黄金大幅下挫，国内黄 金t+d合约同步跟跌。 彭博社周五报道称，特朗普政府正准备提名美联储前理事凯文.沃什担任下一任主席。一位知情人士 称，沃什于周四到访白宫。另一位听取了相关讨论简报的消息人士表示，这位前美联储理事给特朗普留 下了深刻印象。 沃什曾担任美联储理事，也是特朗普候选名单上的四位最终人选之一。彭博社报道出炉后，美国股指期 货扩大跌幅、美债收益率走高，美元短线飙升，国际金价暴跌带动 ...

Core Viewpoint - The gold market is at a critical juncture, experiencing extreme volatility after a significant price fluctuation, with current trading between $5100 and $5400 per ounce, down from nearly $5600, indicating a crossroads between long-term narratives and short-term volatility [2] Long-term Support Factors - Iran's announcement of live-fire military exercises in the Strait of Hormuz continues to escalate tensions in the Middle East, which is a core source of risk-averse sentiment [2] - President Trump is expected to announce a new Federal Reserve chair next week and has called for significant interest rate cuts, raising concerns about the Fed's independence and expectations for future easing, which has weakened the dollar and supported gold prices [2] - The World Gold Council reported that global central banks purchased a net 230 tons of gold in Q4 last year, with demand expected to continue into 2026; UBS has raised its gold price target significantly to $6200 per ounce [2] Short-term Risk Factors - The recent price fluctuation of nearly $500 and significant year-to-date gains indicate that the market is severely overbought, with any minor disturbance potentially triggering profit-taking [2] - To manage risk, the CME has raised margin requirements for gold futures, and similar measures have been adopted by domestic institutions like the Shanghai Futures Exchange, increasing trading costs and suppressing short-term speculation [2] - The current price surge has exceeded fundamental support, leading to a market dominated by uncertainty, which could result in a "long squeeze" scenario [2] Market Analysis - Following the recent volatility, the market requires consolidation to find a new balance [2] - Current trading range is between $5100 and $5400, with short-term resistance at $5500-$5550 and historical resistance at $5600; key support is at $5316 [3] - The core trend support levels are at $5183 and $5000, with a significant bearish signal indicating a loss of upward momentum, suggesting a high-level consolidation phase [4] Personal Strategy - A potential buying opportunity may arise if gold prices pull back to the $5130-$5150 range, targeting $5230-$5300-$5400; conversely, if prices rise to around $5400, a selling opportunity may be considered, targeting $5300-$5200 [4] - The long-term bullish foundation for gold remains intact, driven by de-dollarization and credit reassessment, but the short-term market is currently characterized by extreme volatility driven by emotions and leverage [4]

Core Insights - The recent sharp decline in spot gold prices, which fell over 4% and dropped below $5200, is attributed to macro policy shifts, overheated market sentiment, and trading system resonance, indicating a high-level correction phase for the gold market [1] - The Federal Reserve's decision to maintain the benchmark interest rate, halting the previous rate-cutting cycle, significantly corrected optimistic market expectations and led to a rebound in the dollar index, putting pressure on gold prices [3] - The surge in gold prices in early January, nearing a 30% vertical rise, attracted a large amount of high-leverage speculative funds, creating substantial profit margins in the $5200 to $5600 range [4] Market Dynamics - The early Friday morning dip in gold prices triggered massive automated liquidation orders, leading to a snowball effect of selling, which escalated into a technical sell-off [5] - The simultaneous increase in trading margin requirements by the Shanghai Gold Exchange and the Chicago Mercantile Exchange accelerated the price drop through forced deleveraging [5] - Platinum and palladium experienced even more severe declines than gold, highlighting the vulnerability of these less liquid metals amid a downturn in global manufacturing PMI data [5][7] Investor Sentiment - The decline in gold, a traditional safe-haven asset, has led to a sharper drop in platinum and palladium, which rely heavily on speculative trading without physical hedging support [7] - The recent market turmoil serves as a wake-up call for investors, emphasizing the importance of risk awareness over blind speculation in volatile markets [7] - The $5000 to $5200 range is expected to become a new psychological battleground for spot gold, as the market adjusts to the Federal Reserve's policy shift and seeks new support logic [7]

新华社纽约1月29日电 综述｜国际贵金属市场巨幅震荡 短期调整风险增加 世界黄金协会数据显示，2025年全球实物黄金需求首次突破5000吨大关，创历史新高，金价在53个 交易日刷新历史纪录。强劲市场需求推动黄金年均价达到每盎司3431美元，同比增长44%。 报告显示，与过去三年创下的超常速度相比，尽管央行购金速度2025年有所放缓，但仍保持在历史 高位，达到863吨，远高于长期平均水平。结构性高负债、持续的地缘政治风险以及对传统储备资产信 心下降等结构性因素将继续驱动央行购买黄金。 市场分析认为，从黄金在2025年的表现来看，其作为投资组合稳定器的吸引力日益凸显。世界黄金 协会预计，金价在2026年或将保持强劲势头。 纽约商品交易所4月黄金期价29日早盘一度触及每盎司5626.80美元，3月白银期价一度触及每盎司 121.785美元。之后市场突然遭遇剧烈抛售，金价在短短28分钟内暴跌380美元，跌幅近7%，银价在同 一时间段暴跌11%。 世界黄金协会日前发布2025年第四季度及全年黄金需求趋势报告指出，黄金在2025年的涨势"巩固 了黄金在各国央行、投资者和消费者心目中的地位"，这一结构性调整的影响将持续到2 ...

世界黄金协会数据显示，2025年全球实物黄金需求首次突破5000吨大关，创历史新高，金价在53个交易 日刷新历史纪录。强劲市场需求推动黄金年均价达到每盎司3431美元，同比增长44%。 报告显示，与过去三年创下的超常速度相比，尽管央行购金速度2025年有所放缓，但仍保持在历史高 位，达到863吨，远高于长期平均水平。结构性高负债、持续的地缘政治风险以及对传统储备资产信心 下降等结构性因素将继续驱动央行购买黄金。 市场分析认为，从黄金在2025年的表现来看，其作为投资组合稳定器的吸引力日益凸显。世界黄金协会 预计，金价在2026年或将保持强劲势头。 国际黄金和白银价格29日上演"过山车"行情，双双站上高位后暴跌，市场剧烈波动。分析人士认为，国 际贵金属价格近期的走势吸引大量投机者涌入市场，加剧了市场波动性。 纽约商品交易所4月黄金期价29日早盘一度触及每盎司5626.80美元，3月白银期价一度触及每盎司 121.785美元。之后市场突然遭遇剧烈抛售，金价在短短28分钟内暴跌380美元，跌幅近7%，银价在同 一时间段暴跌11%。 世界黄金协会日前发布2025年第四季度及全年黄金需求趋势报告指出，黄金在2025年的 ...

报告显示，与过去三年创下的超常速度相比，尽管央行购金速度2025年有所放缓，但仍保持在历史高 位，达到863吨，远高于长期平均水平。结构性高负债、持续的地缘政治风险以及对传统储备资产信心 下降等结构性因素将继续驱动央行购买黄金。 世界黄金协会日前发布2025年第四季度及全年黄金需求趋势报告指出，黄金在2025年的涨势"巩固了黄 金在各国央行、投资者和消费者心目中的地位"，这一结构性调整的影响将持续到2026年初。 菲尼克斯期货与期权公司总裁凯文·格雷迪认为，贵金属市场近期抛物线式上涨吸引了大量算法交易机 器人操作，与此同时，许多普通交易员选择离场。这是贵金属市场剧烈波动的主要促成因素之一。 一些市场分析人士认为，仅关注价格会忽略市场当前正在发生的重要转变。对一些机构投资者而言，他 们将重新评估黄金在投资组合中的比例和作用。这种重新定位在数据中也得到体现。 世界黄金协会数据显示，2025年全球实物黄金需求首次突破5000吨大关，创历史新高，金价在53个交易 日刷新历史纪录。强劲市场需求推动黄金年均价达到每盎司3431美元，同比增长44%。 新华社纽约1月29日电 综述｜国际贵金属市场巨幅震荡 短期调整风险增加 ...

Price Performance - London Gold's latest price is $5405.00, with a change of $98.05 [1] - London Silver's latest price is $118.45, with a change of $5.65 [1] - London Platinum's latest price is $2671.00, with a change of $21.00 [1] - London Palladium's latest price is $2014.00, with a change of $34.00 [1] - WTI Crude's latest price is $63.21, with no change [1] - LME Copper's latest price is $13913.50, with a change of $727.50 [1] - The latest dollar index is 96.16, with a change of -0.19 [1] - The latest euro - to - dollar exchange rate is 1.20, with no change [1] - The latest pound - to - dollar exchange rate is 1.38, with no change [1] - The latest dollar - to - yen exchange rate is 153.15, with a change of -0.16 [1] - The latest yield of US 10 - year TIPS is 1.90, with no change [1] Trading Data - COMEX silver inventory is 12698.10, with a change of -106.72 [1] - SHFE silver inventory is 482.01, with a change of -26.36 [1] - Gold ETF holdings are 1086.53, with a change of -3.43 [1] - Silver ETF holdings are 15523.36, with a change of -112.76 [1] - SGE silver inventory is 612.09, with no change [1] - The SGE gold deferred - fee payment direction has a change of 1.00 [1] - The SGE silver deferred - fee payment direction has no change [1]

Group 1: Gold Market Dynamics - Gold prices experienced a sharp decline, dropping over $400 before recovering nearly half of the loss, with a maximum intraday drop of 5.7% [1][17] - The spot gold price approached $5600 but fell to $5105.83 before rebounding to around $5317, reflecting a 1.8% decrease at the time of reporting [1] - The volatility in gold prices is attributed to profit-taking by investors after recent highs, with gold up 6.5% for the week and 23% for the month [17] Group 2: Factors Influencing Precious Metals - The rise in precious metals is supported by dual factors: escalating geopolitical risks increasing global risk aversion and a deepening trend of "de-dollarization" raising doubts about the dollar's credibility [4] - Industrial metals and oil sectors are also gaining momentum due to a recovery in manufacturing and steady demand from green technology [4] Group 3: Silver Market Movements - Silver prices fell from a historical high of $121.67 to $106.80, with a maximum intraday drop of 8.5%, before recovering to around $114, reflecting a 2.3% decrease [6] Group 4: Investor Sentiment and Reactions - Investor sentiment is mixed, with some expressing frustration over recent losses in gold investments, highlighting the emotional impact of market fluctuations [5][13] - The demand for gold remains strong, with significant interest from both cryptocurrency companies and central banks, indicating a sustained appetite for gold as a safe-haven asset [17]