163名零售交易员（63%）预计下周国际金价可能上涨，52名（20%）预计下跌，42名（17%）预计或将 保持平稳走势。 TD证券总经理兼全球商品策略主管巴特·梅莱克认为，近期贵金属市场的波动情况将是常态。当国际金 价和国际银价接近历史高位时，随之而来的可能是显著回调，但他看好第一季度国际金价平均价格将为 5000美元/盎司。 凯文·沃什将担任新一任美联储主席和美国贸易关税裁决是影响国际金价的两个不确定性因素，市场对 沃什立场看法存在分歧，而美国贸易关税问题如果得到稳妥解决，或将对国际金银价格甚至铜价形成利 空。 本周12位分析师参与了华尔街金价预测，在经历了又一周的价格波动之后，对于国际金价走势的预判变 得更为困难。4位分析师（33%）预计未来一周国际金价仍将位于5000美元/盎司上方，3位（25%）则预 测下跌。5位（42%）预计或将震荡盘整。 来源：中国黄金网 最新数据显示，美国1月未季调消费者物价指数（CPI）年率从2.7%回落至2.4%，创2025年5月以来新 低。1月未季调核心CPI年率从2.6%回落至2.5%，创2021年3月以来新低。美联储6月降息概率小幅上调 至69%，高于数据公布前的63% ...

Core Viewpoint - The international precious metals market experienced a significant decline, with gold prices dropping over 11% in a single day and silver prices plummeting by 31.37%, marking the worst single-day performance since March 1980 [1] Group 1: Price Movements - On January 30, international gold prices fell below key thresholds, resulting in a daily decline exceeding 11% [1] - Silver prices recorded a drastic drop of 31.37%, the worst single-day performance since March 1980 [1] - For the week, gold prices saw a cumulative decline of 4.71%, while silver prices fell by 22.50% [1]

（记者 曾健辉） 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 每日经济新闻 每经AI快讯，博迁新材1月27日晚间发布公告称，公司第四届第二次董事会会议于2026年1月27日以通 讯方式召开。会议审议了《关于公司计提资产减值准备的议案》等文件。 每经头条（nbdtoutiao）——国际金价冲破5000美元！7年涨了280%，什么时候才见顶？专家：关键还 看美元，重点关注国际货币体系、降息和科技革命 ...

Group 1: CPI Analysis - In December 2025, the Consumer Price Index (CPI) increased by 0.2% month-on-month and 0.8% year-on-year, with the core CPI (excluding food and energy) rising by 1.2% year-on-year, marking a stable recovery in demand [1][2] - The year 2025 saw the CPI remain flat compared to the previous year, while the PPI decreased by 2.6% year-on-year, indicating a low and moderate recovery in price levels [1][4] - The increase in CPI was primarily driven by rising prices of industrial consumer goods, with a notable increase in prices for communication tools, baby products, and entertainment durable goods, which rose between 1.4% and 3.0% [1][2] Group 2: PPI Analysis - The Producer Price Index (PPI) rose by 0.2% month-on-month in December 2025, marking three consecutive months of increase, influenced by improved supply-demand dynamics and ongoing capacity governance in key industries [2][3] - Year-on-year, the PPI decreased by 1.9%, but the decline was less severe than in previous months, reflecting positive changes in certain industries due to macroeconomic policies [3][5] - The PPI's year-on-year decline was initially exacerbated by insufficient external demand and structural adjustments, but improved market competition and policy effects led to a narrowing of the decline in the latter half of the year [5] Group 3: Economic Outlook - The changes in CPI and PPI in December 2025 indicate a stable and improving economic environment, with demand gradually recovering and supply-side structural optimization continuing [3][5] - The implementation of consumption-boosting policies and the deepening of the unified national market are expected to support a moderate and stable price environment moving forward [3][5] - Looking ahead to 2026, a more proactive macroeconomic policy is anticipated to foster economic growth and reasonable price recovery, with the potential for PPI to enter a recovery phase, although it may take time to turn positive [5]

Group 1: Federal Reserve Actions and Market Reactions - The Federal Reserve lowered interest rates and initiated the purchase of short-term U.S. Treasury bonds, leading to cautious investor sentiment regarding the high valuations in the AI sector while maintaining optimism about the potential boost to the real economy from lower rates [1] - As a result of sector rotation, funds have flowed from high-valuation tech stocks into rate-sensitive financial and industrial sectors, causing a divergence in the performance of the three major U.S. stock indices [1] Group 2: Precious Metals Market - The combination of the Federal Reserve's rate cut and balance sheet expansion has driven down U.S. Treasury yields and weakened the dollar, resulting in an approximate 2% increase in international gold prices last week [4] - Silver prices reached new highs due to supply shortages, tight inventories, and surging industrial demand, despite a significant drop of about 4% on Friday; overall, silver prices rose by 5% for the week [4] Group 3: Oil Market Dynamics - International oil prices experienced a significant decline as investors focused on the progress of Russia-Ukraine negotiations, with some anticipating a peace agreement that could lead to the return of Russian oil to the international market [5] - For the week, the price of the main contract for New York crude oil futures fell by 4.39%, while Brent crude oil futures dropped by 4.13% [5] Group 4: Upcoming Economic Indicators - This week, the Bank of England and the European Central Bank are expected to announce their latest interest rate decisions, with the Bank of England likely to cut rates by 25 basis points due to worse-than-expected economic growth [8] - The European Central Bank is anticipated to maintain its current policy, with traders expecting no rate cuts in the near future, and some analysts suggesting a potential for rate hikes next year [8] - The U.S. is set to release its first non-farm payroll report and November Consumer Price Index (CPI) data since the end of the government shutdown, with expectations of increased job numbers and a potential rebound in CPI growth to 3.1% [11]

Group 1: CPI Analysis - In November, the CPI increased by 0.7% year-on-year, the highest level since March 2024, with an increase of 0.5 percentage points from the previous month [1] - The rise in CPI was primarily driven by a significant increase in vegetable prices, which turned from a decline of 2.9% in October to an increase of 0.2% in November, contributing positively to the CPI [2] - Core CPI, excluding food and energy, rose by 1.2% year-on-year in November, indicating a continued upward trend [2][3] Group 2: PPI Analysis - The PPI increased by 0.1% month-on-month in November, marking the second consecutive month of growth, attributed to seasonal demand increases and rising prices in certain industries [4] - Year-on-year, the PPI decreased by 2.2%, with the decline rate widening by 0.1 percentage points compared to the previous month, influenced by high comparison bases from the previous year [4][5] - The prices in key industries such as coal mining and photovoltaic equipment manufacturing showed a narrowing decline, indicating improvements in market competition and capacity management [5] Group 3: Future Outlook - The economic outlook suggests that core CPI will continue to rise steadily, supported by coordinated policy efforts to boost consumption and improve living standards [3][6] - The PPI is expected to decline by approximately 0.5% year-on-year in 2026, with a significant narrowing of the decline, driven by ongoing "anti-involution" policies and the rapid development of emerging industries [6]

Group 1: International Gold Market - On Tuesday, international gold prices fluctuated and closed higher, opening at $4,190.11 per ounce, reaching a high of $4,221.40, and a low of $4,169.85, ultimately closing at $4,206.59 per ounce [1][8] - COMEX gold futures closed at $4,236.60 per ounce [8] - The London spot gold price increased by 0.40% from the previous day, while year-to-date it has risen by 60.30% [9] Group 2: Economic Data and Market Sentiment - The latest data from ADP indicates that U.S. private employers added an average of 4,750 jobs per week over the past four weeks, ending a streak of job losses [1][23] - The JOLTS job openings for October were reported at 7.67 million, significantly exceeding the expected 7.12 million [1][23] - President Trump stated that his support for immediate significant interest rate cuts will be a "litmus test" for selecting the new Federal Reserve Chair, and he may adjust tariff policies to help lower some commodity prices [1][23] Group 3: Currency and Interest Rates - The onshore RMB closed at 7.0693 against the USD, appreciating by 20 basis points from the previous trading day [1][19] - The central bank conducted a 7-day reverse repurchase operation of 117.3 billion yuan, with 156.3 billion yuan maturing on the same day, resulting in a net withdrawal of 39 billion yuan [1][14] - The 10-year U.S. Treasury yield was reported at 4.18%, while the 10-year Chinese government bond yield was at 1.84% [17][18] Group 4: Stock Market Performance - The U.S. major stock indices showed mixed results, with the Dow Jones down by 0.38% to 47,560.29 points, and the S&P 500 down by 0.09% to 6,840.51 points [20][21] - The A-share indices in China both closed lower, with the Shanghai Composite Index down by 0.37% [20][21]

Core Viewpoint - The international gold price has experienced a significant drop of nearly $100 from its recent high due to profit-taking after the U.S. government reopened, indicating a decline in speculative sentiment [3]. Group 1: Market Dynamics - The market is currently focused on the Federal Reserve's upcoming December meeting, with the probability of a rate cut now slightly above 49%, showing a notable decrease [3]. - The geopolitical situation is expected to remain relatively calm in the last one and a half months of the year, as Trump's tariff policies face challenges and may require reassessment [3]. - The holiday season in December is likely to reduce trading activity and liquidity in the market [3]. Group 2: Technical Analysis - Despite maintaining a long-term upward trend, the international gold price has seen two rapid increases that have exhausted buying momentum, particularly the surge from September to October [4]. - The consecutive declines after October 21 have impacted bullish confidence, which may take time to recover, especially in the absence of significant fundamental stimuli [4]. - If the year-end market is driven by technical trends, gold prices may continue to fluctuate around the $4000 per ounce mark, with a potential drop to the support level of $3750 per ounce if previous lows are breached [5].

Group 1 - The core point of the news is that the unexpected decline in the ADP employment data for September has intensified market expectations for a Federal Reserve interest rate cut in October [1][6][12] - The ADP report indicated a decrease of 32,000 jobs in September, significantly below the market expectation of an increase of 50,000 jobs, and a revision of previous data showed a downward adjustment of 911,000 jobs over the past year [6][8] - The current economic environment in the U.S. is characterized by a slowdown in the labor market and rising inflation, creating a challenging scenario for the Federal Reserve to balance economic growth and inflation control [7][8] Group 2 - The U.S. government is facing a shutdown for the first time in nearly seven years, which has raised concerns in the market, particularly affecting the release of economic data that the Federal Reserve relies on for decision-making [9][10][11] - The shutdown has led to the suspension of various public services and the furlough of hundreds of thousands of federal employees, which could further complicate the economic outlook [10][11] - Analysts suggest that if the government shutdown continues, it may lead to a more cautious approach from the Federal Reserve regarding interest rate cuts, potentially maintaining the guidance from September [12]

Group 1 - The San Francisco Fed President Daly fully supports the Federal Reserve's decision to lower interest rates by 25 basis points in September, indicating that further adjustments may be needed to restore price stability while supporting the labor market [1] - Chicago Fed President Goolsbee warns against hasty rate cuts, stating that a slowdown in the job market does not necessarily indicate an impending recession for the U.S. economy [1] - Market pricing suggests that investors expect the Federal Reserve to implement two more 25 basis point rate cuts this year, with a slight majority of Fed officials supporting additional cuts in their latest economic forecasts [1] Group 2 - Key economic data to watch includes the final annualized GDP growth rate for Q2, the final annualized core personal consumption expenditures price index, and the monthly durable goods orders for August [1] - Several Federal Reserve officials are scheduled to speak, and investors are advised to pay close attention to their remarks [1] Group 3 - Technically, international gold prices may experience high-level fluctuations, having peaked at $3,791 per ounce before a slight pullback, with the weekly stochastic indicator showing severe overbought conditions [1] - The market is currently above the critical support level of $3,673 per ounce, indicating a slight bullish advantage, but caution is advised regarding potential profit-taking leading to a pullback [1] - Resistance levels to watch on the upside are between $3,790 and $3,800 per ounce, while initial support is around $3,710 per ounce, with further support at $3,690 per ounce if the former is breached [1]