2月2日，全球金融市场迎来"黑色星期一"，大宗商品、股票市场同步深度回调，贵金属、能源化工等板 块集体重挫，A股、港股及周边主要股指全线走低。 化工品价格走弱则主要跟随油价波动。格林大华期货化工负责人吴志桥表示，当前化工品交易逻辑并未 发生根本转变，但部分品种短期涨幅过快，提前透支未来需求，且临近春节下游需求将逐步转弱，持续 上涨动力不足，导致价格随油价同步回调。 展望后市，机构对贵金属市场表现出一定信心。摩根大通私人银行亚洲宏观策略主管唐雨旋认为，此次 贵金属价格下跌属于健康的技术性回调，金价仅是回到两周前水平，1月份仍录得13%的涨幅。从持仓 数据来看，新兴市场央行黄金储备占比仍偏低，ETF持仓也低于2022至2023年的高位，长线策略买家为 金价提供了稳固支撑，这也是黄金市场信心强于白银的重要原因。 长江期货研究员汪国栋认为，美国经济数据趋势性走弱，市场对美国财政情况和美联储独立性的担忧仍 存，央行购金和"去美元化"趋势并未改变。同时，在工业需求拉动下，白银现货供应维持紧张局面，中 期来看，黄金、白银价格有望重拾上行态势。 （文章来源：期货日报网） 国际市场，贵金属价格遭遇"断崖式"下跌。纽约商品交易所 ...

Group 1: Market Performance - The performance of various ETFs shows significant declines, with the Nonferrous Metals ETF down by 10.01% over five days and 12.89% year-to-date, while the Gold ETF is down by 10.00% over five days and 8.94% year-to-date [1] - Gold and silver prices experienced a sharp drop, with gold spot prices falling to nearly $4,400 per ounce and silver approaching $71 per ounce, marking a historic decline of 9.25% on January 31 [1] Group 2: Market Dynamics - The Chicago Mercantile Exchange raised margin requirements for metal futures, increasing gold margin from 6% to 8% and silver from 11% to 15%, which significantly impacts market liquidity and may force speculative investors to liquidate positions [4] - The recent surge in gold prices above $5,500 per ounce and silver above $120 per ounce was driven by a combination of factors, including geopolitical tensions and a shift in investor confidence towards precious metals [4] Group 3: Investment Outlook - The long-term outlook for gold remains strong, supported by monetary easing, its safe-haven status, and the trend of de-dollarization globally, despite short-term volatility [9][10] - Central banks worldwide, including China, continue to increase their gold reserves, indicating sustained demand for gold as a strategic asset [10][13] - The potential for a super cycle in commodities is anticipated, driven by economic recovery and expansionary fiscal policies, particularly in the context of the upcoming U.S. midterm elections [18]

Macro Dynamics - The Central Committee of the Communist Party of China and the State Council approved the "Modern Capital Metropolitan Area Spatial Coordination Plan (2023-2035)", aiming to cultivate an innovation triangle in the Beijing-Tianjin-Hebei region, enhancing collaboration and resource flow [2] Housing Market - Shanghai has initiated a program to purchase second-hand housing for affordable rental housing, targeting new citizens, young people, and graduates to meet their rental needs [3] - The first batch of housing to be acquired will focus on matching housing types, layout, and transportation convenience to support talent in the city [3] Energy Sector - The China Electricity Council reported that by 2025, the country will add 550 million kilowatts of new power generation capacity, with wind and solar power accounting for 440 million kilowatts, representing 80.2% of the total [4] Financial Institutions - Citigroup warned that gold valuations have reached extreme levels, with global gold expenditure as a percentage of GDP hitting 0.7%, the highest in 55 years, indicating potential risks for gold prices [7] - Deutsche Bank remains bullish on gold, maintaining a target price of $6,000 per ounce despite recent price drops, citing ongoing positive factors for gold investment [8] Market Data - On February 2, A-shares experienced a significant decline, with all three major indices dropping over 2%, and more than 4,600 stocks falling, including 123 hitting the daily limit down [12] - The Hong Kong Hang Seng Index fell by 2.23%, with the technology index down 3.36%, and significant declines in precious metals and semiconductor stocks [13] Company Dynamics - Midea Group announced a share buyback of 26.94 million shares, representing 0.35% of its total share capital, at a total cost of 1.998 billion yuan [17] - Chip-on-Board Technology reported a revenue of 394 million yuan for 2025, a year-on-year increase of 11.52%, but a net profit decrease of 4.91% [18] - GoerTek has repurchased 40.54 million shares, amounting to 1.14% of its total shares, for a total expenditure of 1.108 billion yuan [19] - Microsoft saw a market value drop of $381 billion following disappointing earnings and forecasts, indicating a shift in investor sentiment towards tech stocks [20] - Amazon is expected to report strong fourth-quarter earnings, with analysts predicting over 28% upside potential in the next 12 months [21]

Group 1: Precious Metals - Precious metal prices are experiencing significant fluctuations, influenced by the new Federal Reserve Chairman's policies and the decline in tech stocks [1] - The rise in central bank gold purchases and gold ETF holdings is expected to support gold prices through 2026 [1] - The decline in London silver leasing rates is noted, while U.S. silver inventories are decreasing rapidly [1] Group 2: Copper and Aluminum - Hawkish macroeconomic sentiments are pressuring copper prices, with expectations of a strong dollar and market adjustments [2] - Despite the pressure, supply disruptions and a potential widening copper mine gap are expected to provide price support [2] - Aluminum prices are under pressure due to tightening liquidity and a decrease in processing activity, with a 1.5% drop in comprehensive aluminum processing activity to 59.4% [2] Group 3: Tin and Energy Metals - Tin prices have significantly corrected due to macroeconomic sentiment shifts and speculative selling, with supply concerns easing as production resumes in Myanmar [2] - Lithium inventories are declining, indicating strong demand, while cobalt prices remain high due to tight raw material supply [3] - The expectation of a reduction in battery export tax may lead to preemptive demand in the lithium market [3] Group 4: Rare Earths and Tungsten - Prices for praseodymium and neodymium oxides are rising due to tight supply and pre-holiday stocking demands [4] - Tungsten prices are increasing sharply due to regulatory crackdowns on illegal mining and strong pre-holiday restocking [4] - The supply constraints and high costs are expected to keep tungsten prices elevated despite potential seasonal transaction volume reductions [4] Group 5: Uranium - The rigid supply and ongoing nuclear power development are expected to maintain a persistent uranium supply-demand gap, with prices likely to rise [4]

Core Viewpoint - The recent decline in the A-share market is primarily driven by external factors rather than domestic issues, with significant movements in global markets influencing investor behavior [1] Group 1: Market Performance - The Shanghai Composite Index dropped by 142 points over two days, with many stocks hitting the daily limit down [1] - The commercial aerospace sector had just begun to recover, while precious metals experienced a significant decline [1] Group 2: External Influences - Large capital is seeking to avoid uncertainties in the external environment, affecting not only the A-share market but also U.S. stocks and Bitcoin, which have also seen declines [1] - The tightening of external liquidity is identified as the root cause of the market downturn, particularly impacting the technology sector that relies on loose monetary policies [1] Group 3: Market Sentiment and Future Outlook - The current situation in the precious metals futures market shows no signs of stabilization, which is crucial for the recovery of the A-share market [1] - A potential short-term pain is preferred over a prolonged decline, as smart capital may take the opportunity to acquire undervalued assets [1] - Maintaining a positive mindset is emphasized, as the market will continue to evolve and investors need to engage with the right market leaders [1]

新华社北京2月2日电 综述｜多重因素共振 全球市场遭遇"黑色星期一" 新华社记者杜静 受美联储货币政策预期转"鹰"、技术性调整压力、贵金属市场震荡外溢效应和市场担忧科技股估值 过高等因素影响，全球市场2日遭遇"黑色星期一"。贵金属市场经历"过山车"行情，原油市场大幅下 跌，部分股市显著下挫甚至触发"临时停牌"。 国际市场贵金属价格2日开盘后大幅跳水。纽约商品交易所黄金期货价格盘中一度跌至每盎司 4423.2美元，较前一交易日收盘价下跌超6%；白银期货价格盘中一度跌至每盎司71.2美元，下跌超 9%。现货市场同样惨淡，伦敦现货黄金价格盘中一度跌至每盎司4402.06美元，跌幅超10%；白银价格 盘中一度跌至每盎司71.312美元，跌幅超16%。此后，金价银价有所反弹。 原油市场方面，纽约商品交易所轻质原油期货价格2日一度跌至每桶61.43美元，伦敦布伦特原油期 货价格下探至每桶65.45美元，与前一交易日收盘价相比跌幅均超5%。 股市方面，韩国股市2日遭遇重挫，韩国综合股价指数收于4949.67点，比前一交易日下跌274.69 点，跌幅达5.26%，一度启动暂停程序化交易的"临时停牌"措施。印度尼西亚股市2日早 ...

国际黄金和白银价格近期刷新历史高点后出现剧烈波动。与1月29日创下的历史最高点相比，2日白银价 格盘中低点的累计跌幅已达40%，金价累计跌幅约20%。 分析人士认为，美国总统特朗普1月30日宣布提名美国联邦储备委员会前理事凯文·沃什为下任美联储主 席，市场对美联储未来货币政策"鹰派"预期浓厚，刺激贵金属价格大幅回调。与此同时，芝加哥商业交 易所集团日前宣布上调金属期货保证金，也令市场承压。保证金要求上调通常对相关合约不利，因为更 高的资本支出会抑制投机参与、降低流动性，并迫使交易者平仓。 柯尔凯思交易公司首席市场分析师蒂姆·沃特勒表示，贵金属市场的剧烈波动令交易员感到不安。由于 保证金上涨，贵金属被迫平仓，波及其他资产，金银暴跌实际上产生了多米诺骨牌效应，扩散至整个市 场。 原油市场方面，纽约商品交易所轻质原油期货价格2日一度跌至每桶61.43美元，伦敦布伦特原油期货价 格下探至每桶65.45美元，与前一交易日收盘价相比跌幅均超5%。 新华社北京2月2日电 综述｜多重因素共振 全球市场遭遇"黑色星期一" 新华社记者杜静 受美联储货币政策预期转"鹰"、技术性调整压力、贵金属市场震荡外溢效应和市场担忧科技股估值过 ...

Gold (GC=F) futures opened at $4,844.70 per troy ounce on Thursday, down 2.1% from Wednesday’s closing price of $4,950.80. The opening price was 13.3% lower than the high of $5,586.20 achieved on Jan. 29. A stronger U.S. dollar kept the gold price down today. The US Dollar Index (DX-Y-NYB) is up 0.2% in the last day and 0.9% in the last five days. In the absence of fresh headlines related to interest rates, tariff threats, and changing U.S. foreign relations, investors may also be more focused on the de ...

Group 1 - The gold and silver markets experienced a dramatic shift from extreme enthusiasm to panic within a month of 2026, with gold prices rising nearly 30% and silver prices over 60% before a significant drop [1] - On January 30, gold prices fell over 12%, marking the largest single-day drop since 1983, while silver prices dropped by 26.42% on the same day [1] - The decline in gold and silver prices had a cascading effect on the stock market, particularly impacting A-share gold concept stocks and resource stocks, leading to a broader market adjustment [1] Group 2 - The National Investment Silver LOF faced significant pressure due to high market premiums, which were unsustainable following the drop in silver prices, leading to a trading halt on February 2 [2] - The immediate cause of the price drop was linked to the nomination of a new Federal Reserve Chair known for a hawkish stance on inflation, which strengthened the dollar and negatively impacted gold and silver [2] - Market sentiment had already been fragile, with concentrated selling pressure and increased margin requirements contributing to the volatility [2] Group 3 - The decline in gold and silver prices signals a potential end to the investment frenzy, emphasizing the importance of maintaining a balanced asset allocation rather than succumbing to fear or greed [3] - Investors are advised to adhere to a "risk-neutral" principle, focusing on service and product profitability rather than speculating on price movements, as evidenced by recent failures in the Shenzhen gold market [3] - Despite the price drop, demand for physical gold remains, and the narrative of a weak dollar continues to provide some support for gold and silver prices [4]

这波金价暴跌，不只是投资者心慌，连普通消费者都被卷进了"退不退货"的大讨论。 今天咱就把这件事讲透，让你以后买金不再踩坑。 一句话： 你买的时候是市场价，你想退的时候也是市场价，但市场已经变了。 三、线上平台：规则更复杂，但本质一样"难退"。 线上平台看似更灵活，但细则一看，门槛不少： 投资金条：基本不退。 大部分平台直接写明： 投资金条不支持退货。 付款后15分钟内可取消订单。 超过时间？抱歉，只能卖给回收商。 金饰类：可以退，但要抢时间。 常见规则： 签收后24-48小时内申请。 扣除1%-5%手续费。 包装、吊牌、发票必须齐全。 稍微晚一点、拆了吊牌、包装不完整，都可能被拒绝。看似能退，实际上门槛比金价涨跌还刺激。 四、法律怎么说？黄金确实不适用"七天无理由"。 律师的观点很明确： 一、金价暴跌后，消费者为什么想退货？ 很简单——价格跌太快，心理落差太大。 昨天买的金饰克价还在高位，今天醒来就便宜一百多元，谁不心疼。于是很多人第一反应就是： "我刚买的能不能退？" 但现实比金价还冷。 二、实体金店：一句"离柜不退"，直接封死退路。 去过金店的都知道，柜台上一般都会写着： "黄金饰品一经售出，概不退换"。 ...