Group 1: Gold Market Insights - Gold has reached a new all-time high price above $5,100 per ounce, confirming predictions from users on the Myriad platform that it would surpass $5,000 before Ethereum [1] - The price of gold increased by 65% in 2025 and has gained approximately 12% in the first three weeks of 2026 [4] - Goldman Sachs has forecasted that gold could reach $5,400 before the end of the year, indicating strong bullish sentiment in the gold market [2] Group 2: Ethereum Market Sentiment - 69% of users on Myriad believe that Ethereum is likely to drop to $2,500 before it can recover to $4,000, reflecting a bearish outlook on the cryptocurrency [2] - Ethereum has recently traded at $2,883 and has fallen more than 10% in the past week [4] - The closest Ethereum has come to surpassing its previous all-time high was $4,946.05 in August [4] Group 3: Market Dynamics and Influences - Gold tends to surge during periods of uncertainty, particularly when trade tensions escalate, as it is viewed as a safe haven asset [3] - In contrast, cryptocurrencies like Ethereum and Bitcoin have struggled to attract defensive flows, behaving more like risk assets rather than hedges against geopolitical stress [3] - Recent comments from President Trump regarding potential tariff hikes on Canada have contributed to the uncertainty in the market, influencing gold prices [5]

Core Insights - The Hong Kong government is taking significant steps to develop its gold market, aiming to enhance its storage capacity and establish a central clearing system for gold transactions [1][3][4] Group 1: New Developments in Hong Kong's Gold Market - The Hong Kong government aims to expand gold storage capacity at the airport and financial institutions, targeting over 2000 tons within three years [1] - A new gold central clearing system is set to begin trial operations within the year [1] - Legislative proposals will be submitted to include precious metals in the tax incentive investment scope for funds and single-family offices [1] - A new gold fund is expected to be listed in Hong Kong [1] - A memorandum of cooperation has been signed with Shenzhen to promote processing trade collaboration between Hong Kong gold merchants and qualified refining enterprises in Shenzhen [1] Group 2: Collaboration with Shanghai Gold Exchange - A cooperation agreement was signed between the Hong Kong government and the Shanghai Gold Exchange to enhance collaboration between the two gold markets [3] - The agreement includes establishing a high-level governance structure for the Hong Kong gold central settlement system, with the Financial Secretary as chairman and a representative from the Shanghai Gold Exchange as vice-chairman [3] - The collaboration aims to explore new pathways for physical infrastructure synergy and market connectivity, providing storage services for local and international market participants [3] Group 3: Strategic Importance of Gold - The strategic importance of gold has increased amid geopolitical uncertainties, persistent inflation pressures, and the restructuring of the international monetary system [4] - The cooperation between Hong Kong and Shanghai marks a new milestone in deepening collaboration in the gold market, creating lasting value for global investors and economies [4]

Core Insights - Florida Governor Ron DeSantis criticized U.S. monetary policy, linking the historic surge of silver past $103 per ounce to instability in the dollar [1][2] - DeSantis's comments reflect a broader monetary policy stance advocating for the use of precious metals as legal tender [2][3] Silver Market Performance - On March 2026, silver futures reached $103.405, marking a 7.3% increase, while the closing price was $101.33, up 5.15% for the day and 9.73% over the past five days [5] - The 52-week range for silver was noted to be between $29.62 and $103.53 [5] Precious Metals ETFs - Significant gains were observed in precious metals ETFs, with SPDR Gold Trust (NYSE:GLD) increasing by 1.37%, US Global GO GOLD and Precious Metal Miners ETF (NYSE:GOAU) rising by 1.82%, and abrdn Physical Silver Shares ETF (NYSE:SIVR) up by 6.64% [5] Broader Economic Context - Concerns were raised by billionaire hedge fund manager Kenneth Griffin regarding the surge in precious metals and the trend of investors seeking to de-dollarize their portfolios [4] - Gold advocate Peter Schiff predicted that the dollar's decline would continue, with potential prices for precious metals reaching between $5,000 to $10,000 per ounce [4]

Gold shattered the $5,000 ceiling for the first time in history on Monday, hitting a record high of $5,093.15 per ounce as U.S. policy decisions sparked a global flight to safety.Crisis Of ConfidenceSpot gold rallied nearly 2% to trade around $5,069 during the publication of this story, fueled by what analysts are calling a “crisis of confidence” in Washington.Markets have been rattled by the Donald Trump administration's abrupt threats to impose heavy tariffs on European allies and Canada, alongside renewe ...

黄金价格在2026年初延续强势表现。1月26日亚市早盘，现货黄金价格突破5000美元整数关口，盘中最 高触及每盎司5054美元，创下新的历史纪录。这一突破距离金价首次站上4000美元仅过去100余日。截 至当日发稿，现货黄金报价5053.14美元，日内涨幅1.31%。美国黄金期货价格同步走高，一度突破5080 美元。 市场参与者将本轮上涨归因于多重因素共振。从需求端观察，全球央行持续增持黄金储备。世界黄金协 会数据显示，2025年11月全球央行净买入黄金45吨，全年前11个月累计净买入量达297吨。新兴市场央 行构成主要购买力，波兰、哈萨克斯坦、巴西、土耳其及中国位列买方前列。波兰央行近期披露已批准 最高150吨的黄金采购计划，完成后该国黄金储备总量将提升至700吨。中国人民银行数据显示，截至 2025年12月末，中国黄金储备为7415万盎司，当月增持3万盎司，这已是连续第14个月增持。 贵金属市场整体呈现普涨格局。白银价格涨幅超过3%，盘中达到每盎司107美元的历史新高。铂金价格 小幅上扬，报每盎司2798.46美元，同样刷新历史峰值。受现货市场带动，港股黄金板块早盘全线高 开，灵宝黄金、赤峰黄金涨幅超过4 ...

Core Insights - The significant rallies in both Gold (XAUUSD) and Silver (XAGUSD) over the past 12 months have been remarkable, with Silver officially reaching $100 per ounce and Gold approaching similar highs [1]. Group 1: Market Performance - Gold and Silver have experienced substantial price increases, indicating strong market demand and investor interest [1]. - The performance of these precious metals suggests a potential shift in investment strategies among market participants [1]. Group 2: Analyst Position - The analyst holds a beneficial long position in Gold, Silver, and related securities, indicating confidence in the continued performance of these assets [2].

Group 1 - The report is a precious metals data daily report, providing data and analysis on precious metals such as gold and silver [3][4] Group 2 - On January 23, 2026, the closing price of the main contract of Shanghai gold futures rose 2.55% to 1115.64 yuan/gram, and the main contract of Shanghai silver futures rose 8.5% to 24,965 yuan/kilogram [4] - Geopolitical risks such as the Greenland crisis, US sanctions on Iran, and the consideration of overthrowing the Venezuelan regime have led to a surge in risk aversion, boosting precious metal prices [5] - Large - scale capital outflows from currency and sovereign debt and into gold and silver have pushed up the prices of gold and silver [5] - Japan's actions in the bond market, the hawkish stance of the Bank of Japan governor, and the sharp rebound of the yen have increased the decline of the US dollar index, which is beneficial to precious metal prices [5] - London spot gold approached $5000 per ounce, and London spot silver broke through $100 per ounce for the first time in history, with an intraday increase of over 7% [5] Group 3 - In the short term, geopolitical risks, high market uncertainty, risk - aversion, and strong silver fundamentals will continue to support precious metal prices. However, the risk of short - term profit - taking should be watched out for due to the upcoming tripartite contact between Russia, Ukraine, and the US and the Fed's January interest - rate meeting [6] - In the long - term, the Fed is in an easing cycle, geopolitical uncertainty will continue, the trend of de - dollarization will accelerate, and the allocation demand of global central banks, institutions, and residents is expected to continue. So the price center of precious metals is likely to move up. Investors are advised to buy on dips or sell out - of - the - money put options [6] Group 4 Price Tracking - **15 - point prices on January 23, 2026**: London gold spot was $4954.27/ounce, London silver spot was $99.03/ounce, COMEX gold was $4955.00/ounce, COMEX silver was $99.04/ounce, AU2602 was 1111.88 yuan/gram, AG2602 was 24994 yuan/kilogram, AU (T + D) was 1110.30 yuan/gram, and AG (T + D) was 24970 yuan/kilogram. Compared with January 22, 2026, the price increases were 2.7%, 5.3%, 2.7%, 5.4%, 2.6%, 6.9%, 2.7%, and 6.9% respectively [4] - **Price differences on January 23, 2026**: The gold TD - SHFE active price difference was - 1.58 yuan/gram, the silver TD - SHFE active price difference was - 24 yuan/kilogram, the gold internal - external price difference (TD - London) was - 3.55 yuan/gram, the silver internal - external price difference (TD - London) was - 166 yuan/kilogram, the SHFE gold - silver ratio was 44.49, the COMEX gold - silver ratio was 50.03, AU2604 - 2602 was 3.76 yuan/gram, and AG2604 - 2602 was - 29 yuan/kilogram. The changes compared with January 22, 2026 were - 25.5%, 33.3%, - 28.3%, - 67.5%, - 4.1%, - 2.6%, - 6.5%, and - 6.5% respectively [4] Position Data - On January 23, 2026, the gold ETF - SPDR was 1086.53 tons, the silver ETF - SLV was 16089.98142 tons, COMEX gold non - commercial long positions were 295772 contracts, non - commercial short positions were 51002 contracts, non - commercial net long positions were 244770 contracts, COMEX silver non - commercial long positions were 42965 contracts, non - commercial short positions were 17751 contracts, and non - commercial net long positions were 25214 contracts. Compared with January 22, 2026, the changes were 0.64%, - 0.09%, - 0.14%, 13.48%, - 2.57%, - 9.24%, 16.19%, and - 21.35% respectively [4] Inventory Data - On January 23, 2026, the SHFE gold inventory was 102009 kilograms, the SHFE silver inventory was 581090 kilograms, the COMEX gold inventory was 36144280 troy ounces, and the COMEX silver inventory was 416424863 troy ounces. Compared with January 22, 2026, the changes were 0.00%, - 1.35%, 0.00%, and - 0.42% respectively [4] Interest Rate/Exchange Rate/Stock Market - On January 23, 2026, the US dollar/yuan central parity rate was 6.99, the US dollar index was 97.51, the 2 - year US Treasury yield was 3.60%, the 10 - year US Treasury yield was 4.24%, the VIX was 16.09, the S&P 500 was 6915.61, and NYMEX crude oil was $61.28/barrel. Compared with January 22, 2026, the changes were - 0.13%, - 0.79%, - 0.28%, - 0.47%, 2.88%, 0.03%, and 2.70% respectively [4]

Group 1 - The core viewpoint of the article highlights a significant increase in domestic commodity futures, particularly in precious metals, with silver leading the gains [1] - As of the latest update, the main silver contract on the Shanghai Futures Exchange (SHFE) has surged by 14%, reaching a price of 27,516 yuan per kilogram [2] - The trading volume for the silver contract has been substantial, with a total of 576,800 contracts traded and a current open interest of 33 contracts [3]

Core Insights - Gold prices have reached a new all-time high, surpassing $5,000 per ounce, driven by increased demand amid geopolitical tensions and global fiscal risks [1][2] Group 1: Price Movement - Spot gold prices and U.S. gold futures for February have increased by 1.2%, trading at $5,042 and $5,036 per ounce, respectively [1] - Analysts at Union Bancaire Privée anticipate gold will continue to perform strongly, with a year-end target price of $5,200 per ounce [3] Group 2: Demand Drivers - The surge in gold prices is attributed to heightened geopolitical risks, particularly related to regions like Greenland and Venezuela, which enhances gold's status as a safe-haven asset [2] - Goldman Sachs notes that the demand for gold has expanded beyond traditional channels, with Western ETF holdings increasing by approximately 500 tonnes since the start of 2025 [4] Group 3: Central Bank Activity - Central bank purchases of gold are robust, averaging around 60 tonnes per month, significantly higher than the pre-2022 average of 17 tonnes, with emerging-market central banks increasing their gold reserves [6] - Goldman Sachs has raised its December 2026 gold price forecast to $5,400 per ounce, citing persistent hedges against global macro and policy risks [5][6]

Myra P. SaefongMyra P. Saefong, assistant global markets editor, has covered the commodities sector for MarketWatch for 20 years. She has spent the bulk of her years at the company writing the daily Futures Movers and Metals Stocks columns and has been writing the weekly Commodities Corner column since 2005. ...