11:34 黄金ETF持仓报告 公布机构：美国SPDR Gold Trust 当前总持仓 1086.53 吨黄金 黄金ETF总持合变化 更新时间:2026-01-2 1,090 1.080 1,070 1,060 1,050 1.040 1.030 2025-11-17 2025-12-05 2025-12-26 2026-01-20 |을 图表 謂 表 截至1月29日，全球最大的黄金ETF SPDR Gold Trust持仓量为1086.53吨，较前一个交易日减少3.43吨。1月29日，现货黄金巨震500美元，日内最高攀升至 5595.07美元/盎司，盘中最低狂泻至5100美元附近，收于5377.54美元/盎司，跌38.05美元/0.70%。伴随着金价的巨震，黄金ETF持仓量也有所减少。 基本面消息，这轮始于本周初的强劲涨势已累计推动金价上涨约400美元，全球投资者持续涌入传统避险资产，推动黄金呈现抛物线式上涨。尽管周四遭遇 剧烈震荡走势，但是金价基本面因素仍然强劲。 美元走软以及市场对美联储独立性的担忧进一步为黄金提供支撑，再加上地缘政治紧张以及全球经济不确定性，均构成了支撑金价的支撑因素。分析认为， 交 ...

Group 1 - The international gold and silver prices experienced significant volatility on January 29, with gold prices dropping by 5% and silver by nearly 7% before recovering slightly [1] - Since the beginning of 2023, gold prices have fluctuated, rising from $1,850 per ounce to a peak of $2,080 on May 4, followed by a sustained upward trend starting in October 2023 [1] - Central banks have been the primary drivers of the recent gold price increase, with global central bank net purchases reaching 230 tons in Q4 2025, a 6% increase from the previous quarter [1][3] Group 2 - Factors influencing global central bank gold purchases include geopolitical risks, doubts about the dollar's credibility, and inflation expectations [3] - Tether Holdings SA has emerged as a significant player in the gold market, purchasing up to 2 tons of physical gold weekly, totaling approximately 140 tons valued at $24 billion [3] - The combination of cryptocurrencies and gold is seen as a hedge against geopolitical risks and government debt distrust, potentially driving gold prices to unprecedented levels [5] Group 3 - The price of gold is closely linked to geopolitical uncertainties, particularly in the U.S., where the Republican Party's control of Congress may impact international political dynamics [8] - The upcoming U.S. midterm elections in November 2024 are viewed as a critical event that could influence gold prices depending on the election outcomes [8][9] - Historical patterns indicate that significant price increases in gold and silver are often followed by sharp corrections, suggesting potential volatility in the market [9][11] Group 4 - The gold-silver ratio has recently dropped to around 50, indicating that silver may have risen too quickly relative to gold, despite its industrial demand [11] - Short-term traders are advised to be cautious of potential price corrections, especially if geopolitical risks ease or if U.S. economic data exceeds expectations [11] - For long-term asset allocation, the ongoing geopolitical risks suggest that the gold bull market is likely to continue [11]

首饰黄金一日下调25元/克 21世纪经济报道记者叶麦穗 1月29日深夜，现货黄金、白银价格突发跳水。跌势延续到了亚洲早盘，同 花顺数据显示，截至北京时间1月30日1时17分，伦敦现货黄金盘中最低曾至5097.36美元/盎司，跌幅超 7%；伦敦现货白银盘中最低曾至106.764美元/盎司，跌幅超8%。 而就在北京时间1月29日，一路震荡上行的金银价格迎来新纪录：伦敦现货黄金在前一交易日实现每盎 司上涨超400美元后，盘中最高价于北京时间1月29日来到5600美元/盎司关口附近；伦敦现货白银盘中 最高价则首次站上120美元/盎司。 国内金银价格也一度出现巨震。上海黄金交易所现货黄金（Au99.99）继北京时间1月29日实现历史上首 次突破1200元/克后，在当日夜间快速下挫。同花顺数据显示，截至北京时间1月30日12点，上海黄金交 易所现货黄金（Au99.99）盘中最低跌至1140元/克，交易日内振幅为9.13%。金饰价格也出现跳水，其 中周生生的首饰金价格今日报1683元/克，前一日则是1708元/克，下调25元/克。周大福也从1706元/克 下调至1685元/克，六福从1704元/克下调至1683元/克。 2 ...

Group 1 - International gold and silver prices experienced significant volatility, with gold dropping over $50 in just five minutes, reaching approximately $5,300 before falling to $5,153 per ounce, a decline of over 4% [1][10] - Platinum and silver also saw substantial declines, with platinum down 6.50% to $2,448.20 and silver down 5.88% to $108.61 [2] - The rapid price fluctuations led to a decrease in domestic gold jewelry prices, with brands like Chow Sang Sang and Chow Tai Fook reporting reductions of approximately 45 yuan per gram from the previous day [2][3] Group 2 - The gold and silver market's sharp decline followed a period of significant price increases, with gold prices rising over 20% since the beginning of the year [10] - Affected stocks in the A-share market, particularly in the precious metals sector, experienced sharp declines, with companies like Zhongjin Gold and Sichuan Gold hitting their daily limit down of 10% [13][15] - Several gold-related companies issued risk warnings due to abnormal stock price fluctuations, indicating potential market overheating and the risk of significant price corrections [15][16]

| | | | | 国贸期货研究院 | | | 投资咨询号: Z0013700 | | | 2026/1/30 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 贵金属与新能源研究中心 白素娜 | | | 从业资格号:F3023916 | | | | | 内外盘金 | 日期 | 伦敦金现 (美元/盎司) | 伦敦银现 (美元/盎司) | COMEX黄金 (美元/盎司) | COMEX白银 (美元/盎司) | | AU2602 | AG2602 (元/千克) | AU (T+D) (元/克) | AG (T+D) | | 银15点价 | | | | | | | (元/克) | | | (元/千克) | | 格眼踪 | 2026/1/29 | 5565. 88 | 118. 95 | 5595. 50 | 119. 05 | | 1252. 10 | 30055.00 | 1245. 20 | 29925.00 | | (本表数 | 2026/1/28 | 5264.93 | 114. 87 | 5258 ...

据光大期货分析，昨晚特朗普表示，下周将宣布美联储主席人选，利率应比当前水平低两到三个百分 点。美国联邦政府再次面临关门危险，昨晚美参院关键投票未能推进拨款法案，但特朗普称接近达成协 议避免政府关门。黄金接连突破也显示当前市场普遍高涨的看多情绪，热度依然难降，但从昨晚来看也 面临着多头获利了结的风险，波动率预计短期将加大，不轻言见顶。 据华鑫证券杨芹芹研报，黄金传统研究框架对本轮黄金大涨的解释力十分有限，主要是短期美元指数走 低和中长期美元信用替代逻辑的叠加，市场情绪和动量资金驱动。随着美元信用裂缝的扩大，黄金中长 期上涨的逻辑在强化。但由于长期逻辑短期化交易较为极致，黄金投资盘多头回落、实业盘空头较低， PCR处于历史底部，短期黄金市场"裸多"风险值得警惕。特别是在白银"空头拥挤+高波动率+高持仓"的 背景下，白银高位回落拖累黄金的概率在提升。 1月30日开盘，黄金白银现货价格再度回落，现货黄金失守5160美元/盎司，日内跌4.13%。纽约期金失 守5200美元/盎司，日内跌3.04%。现货白银失守108美元/盎司，日内跌8.22%。黄金为何巨震？后市需 要注意啥？记者据同花顺（300033）iFinD查询机 ...

Market Volatility - US financial markets experienced extreme volatility, with an estimated $9 trillion movement in market capitalisation within a few hours, indicating heightened uncertainty across asset classes [1][2] - Gold prices initially fell by approximately 8% but recovered swiftly, reflecting intense intraday trading activity [2][5] - Silver prices dropped by 11.9% amid a slump in major US AI and technology stocks, highlighting the interconnectedness of precious metals and tech equities [5][6] Gold and Silver Price Movements - Gold prices saw a significant decline, erasing almost $3 trillion in value as US markets opened, before recovering close to $2 trillion by market close [2][3] - Silver initially wiped out around $750 billion but later added back nearly $500 billion, showcasing its volatility [3] - Gold peaked just below $5,600 before experiencing a sharp decline, while silver peaked above $121 per troy ounce, marking its strongest monthly gain outside December 1979 [5][6] Impact on US Equities - The S&P 500 erased $780 billion in intraday trading but recovered $530 billion by the close, reflecting the overall market volatility [3] - The Nasdaq dropped around 2.4% initially, with a wipeout of $760 billion before recovering $580 billion by the end of the session [3] - Combined US equities erased $1.15 trillion intraday and recovered $1.07 trillion by the close, indicating significant market fluctuations [3]

Market Overview - Global markets experienced volatility with major indices such as Nikkei 225, Hong Kong stocks, and US futures all showing declines [1] - A-shares showed mixed performance, with the Shanghai Composite Index regaining the 4100-point mark while the ChiNext Index rebounded after a dip [1] Commodity Performance - Precious metals and industrial metals faced significant declines, with over 20 stocks hitting the daily limit down, including Nanshan Aluminum and Tongling Nonferrous Metals [2] - International precious metals saw a sharp drop, with spot gold falling by 4% to below $5200 per ounce, and spot silver dropping over 5% [2] Specific Stock Movements - CPO and optical communication stocks surged, with LianTe Technology and Tianfu Communication rising over 11%, while Changfei Optical Fiber hit the daily limit [2] - The education sector saw gains, with China Spring rising over 64% and New Oriental increasing by over 5% [3] Cryptocurrency Market - Major cryptocurrencies continued to decline, with Bitcoin dropping over 6% to below $82,300, and Ethereum and SOL falling over 7% [4] - Over 270,000 individuals were liquidated in the cryptocurrency market, with total liquidation amounts nearing $1.7 billion [4] Dollar Index - The US dollar index rebounded, increasing by 0.44% to 96.58 [5] Geopolitical Factors - Ongoing tensions in the Middle East are impacting global markets, with reports of US President Trump planning to engage in dialogue with Iran [6] - The upcoming announcement of the next Federal Reserve Chair is also a focal point for global markets [7]

相关产品： 费率最低的黄金投资利器：黄金ETF华夏(518850)，锚定实物黄金，支持T+0交易，连续14日"吸金"， 近20日净流入35.87亿元，场外联接基金(A类：008701，C类：008702)。 均衡配置主流金属：有色金属ETF基金(516650)，跟踪的细分有色指数，成份股均衡配置铜、铝、黄 金、稀土、锂，金铜铝合计含量为61.29%，居全市场有色指数第一。 费率成本最低的黄金、白银相关企业集合ETF：黄金股ETF(159562)，跟踪的指数SSH黄金股票的成分 股以黄金、铜占主导，同样包含白银有色、湖南白银等白银金属上市公司。 格隆汇1月30日｜今日黄金一度跌破5200美元关口后迅速收复，白银有色（维权）、四川黄金等多股跌 停，有色金属ETF基金一度跌停，目前下跌8.7%，黄金ETF华夏跌5.57%，黄金股ETF跌8.5%，盘中获 资金净申购1.1亿份，预估净流入3亿元，截至昨日已经连续该ETF连续13日"吸金"，合计净流入超53.49 亿元，居同标的第一。 同样备受资金关注的还有有色金属ETF基金，昨日单日"吸金"14.97亿元，自去年12月23日以来连续25个 交易日获资金净申购，合计净流 ...

Market Overview - On January 30, A-shares opened lower with all three major indices dropping over 1% by around 10 AM, led by declines in the gold and base metals sectors [1] - A wave of individual stocks hit the daily limit down, including Baiyin Nonferrous, Xiyang Silver Tin, Yuguang Gold Lead, Zhongjin Gold, and Shengda Resources, while Hunan Gold saw a counter-trend surge, achieving a five-day limit up [1] Stock Performance - Notable stock performances include: - Xiaocheng Technology: Current price 67.57, down 19.92% with a trading volume of 2.289 billion, year-to-date increase of 122.56% [2] - Guiyan Platinum: Current price 23.55, down 10.01% with a trading volume of 1.031 billion, year-to-date increase of 26.54% [2] - Shengda Resources: Current price 61.02, down 10.00% with a trading volume of 1.101 billion, year-to-date increase of 97.09% [2] - Other stocks like Zhongjin Gold and Shandong Gold also experienced a 10% drop [2] Market Sentiment - Recent market activity indicates that speculation around gold and silver-related stocks is increasingly driven by emotions rather than fundamentals, leading to heightened volatility risks in the precious metals sector [3] - Some stocks, which have performance trends negatively correlated with gold prices, have already begun to decline despite the ongoing limit up for certain gold stocks [3] Company Specifics - Baiyin Nonferrous, despite its name, has limited business relevance to silver and has faced regulatory scrutiny for information disclosure violations, with an ongoing investigation since September 11, 2025 [3] - The domestic gold jewelry prices have also seen a decline, with notable drops in prices for brands like Chow Sang Sang and Lao Feng Xiang, reflecting the impact of international gold price fluctuations [5]