Core Viewpoint - International gold prices have reached a new historical high, surpassing $5200 per ounce, with a year-to-date increase of over 20% [1][6] Group 1: Price Movements - As of January 28, the London spot gold price peaked at $5247.628 per ounce, while COMEX gold reached $5238.6 per ounce [1][6] - The domestic futures market saw the Shanghai gold main contract reach a historical high of 1181.8 yuan per gram [1][6] - Domestic brand gold jewelry prices have been raised above 1600 yuan per gram, with specific brands like Chao Hong Ji and Lao Feng Xiang priced at 1618 yuan and 1620 yuan per gram respectively [1][6] Group 2: Market Drivers - The depreciation of the US dollar has significantly driven up precious metal prices [2][8] - Ongoing geopolitical tensions, particularly regarding Greenland, and uncertainties surrounding the new Federal Reserve chair nomination have contributed to market volatility [2][8] - Investment demand for silver remains resilient, although profit-taking pressures have led to significant intraday fluctuations [2][8] Group 3: Market Sentiment and Future Outlook - Analysts suggest that the current high volatility in precious metals is influenced by a weakening dollar and heightened market sentiment [3][8] - There is a growing concern about potential price corrections as the market approaches 2026, with investors beginning to focus on high-level retreat risks [3][9] - The divergence in fund flows between domestic and international markets is notable, with domestic investors increasing their positions in ETFs and physical investments, while international hedge funds and ETFs are reducing their silver holdings [4][9] Group 4: Fund Management Actions - E Fund announced the suspension of subscription and regular investment for its gold-themed LOF fund starting January 28, while redemption services will continue as usual [5][10] - Guotai Junan Fund also suspended subscription for its silver LOF fund to protect the interests of fund holders and maintain stable operations [5][10]

Group 1 - E Fund has announced the suspension of subscription and regular investment for its Gold Theme Securities Investment Fund (LOF) starting January 28, 2026, while redemption services will continue as usual [2][4] - The suspension is aimed at ensuring the stable operation of the fund [4] - The fund has seen significant performance, with a rise of over 60% in 2025 and an increase of over 15% in 2026 year-to-date [5] Group 2 - The National Investment and Silver LOF has also suspended subscription services starting January 28, 2026, to protect the interests of fund shareholders and maintain stable operations [9][11] - The silver fund has experienced a high premium, with a closing price of 4.336 yuan and a daily increase of 3.66%, resulting in a premium rate exceeding 46.02% as of January 27 [11] - Both gold and silver prices have been on the rise, with gold futures increasing by over 17% and silver futures by 55% year-to-date [13]

Group 1 - The core viewpoint of the article is that both E Fund's Gold LOF and Guotai Junan's Silver LOF have announced the suspension of subscription and regular investment services to ensure stable fund operations amid rising prices of gold and silver [1][2][6][7]. Group 2 - E Fund's Gold LOF will suspend subscription and regular investment services starting January 28, 2026, while redemption services will continue as usual [2][4]. - The fund has experienced significant growth, with a rise of over 60% in 2025 and an additional increase of over 15% in 2026 [5]. - Guotai Junan's Silver LOF also announced a suspension of subscription services effective January 28, 2026, to protect the interests of fund shareholders [7][9]. - The silver fund's market price has surged, with a closing price of 4.336 yuan and a premium rate exceeding 46.02% as of January 27 [9]. Group 3 - As of January 27, gold prices reached approximately $5085 per ounce, while silver prices were around $110 per ounce, reflecting significant increases in both commodities [10]. - Year-to-date, international gold futures have risen over 17%, and silver has surged by 55% [11].