2月11日，金银价格大反弹。 现货黄金站上5100美元/盎司关口，为1月30日以来首次，最高报5107.99美元/盎司，较此轮调整最低点 4401美元/盎司已反弹706.99美元，按此计算一克黄金大约上涨了22.75美元（约合人民币157元）。 截至发稿，现货黄金涨幅有所收窄，日内上涨1.56%，报5106.12美元/盎司， | W | | | COMEX黄金 GC.CMX 延时行情 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 511749 | | 昨结 | 5031.0 | 总手 | | | 3.82万 | | | | +1.73% 升盘 | | 5048.0 | 现手 | | | | | | 最高价 | 5128.8 | 得 12 | 28.36万 | 9 落 | | | 1.88万 | | | 最低价 | 5046.3 | 增 12 | 399 | 内 | | | 1.94万 | | | 分时 | +1 + | K | 围K | 目K | | 曲家 | | | | 三力0 | | | | 均价:5084.7 ...

Group 1 - Gold prices experienced a significant rebound, with spot gold surpassing $5100 per ounce for the first time since January 30, reaching a high of $5107.99 per ounce, reflecting a rebound of $706.99 from the recent low of $4401 per ounce, which translates to an approximate increase of $22.75 per gram [1] - As of the latest update, spot gold showed a daily increase of 1.56%, priced at $5106.12 per ounce, while COMEX futures gold rose by 1.73%, reaching $5117.9 per ounce [1] Group 2 - Spot silver saw a daily surge of over 6%, currently up by 6.45%, priced at $85.957 per ounce [2] - COMEX futures silver also increased by 6.5%, trading at $85.6 per ounce [4]

Market Performance - US stock indices opened higher on January 9, with the Dow Jones up 0.41%, S&P 500 up 0.56%, and Nasdaq up 0.72% [1] - As of January 10, the Dow Jones index was at 49,466.36, Nasdaq at 23,648.48, and S&P 500 at 6,960.51 [2] Technology Sector - Major tech stocks showed mixed performance, with Intel rising over 8%, reaching a new high since April 2024 [2] - The Philadelphia Semiconductor Index increased by over 2%, with notable gains from ASML (up over 5%) and Micron Technology (up over 3%) [2] Chinese Stocks - The Nasdaq Golden Dragon China Index fell nearly 1.4%, with Alibaba, Manbang Group, and Xpeng Motors dropping over 3% [3] Commodity Prices - International gold prices rose by 0.6%, reaching $4,504.76 per ounce, while silver prices surged by 3.88% to $79.88 per ounce [4][10] - The price of gold jewelry from Chow Sang Sang increased significantly, with a specific necklace rising from ¥120,800 to ¥136,000 overnight, a jump of ¥15,200 [4][6] Precious Metals - The price of gold jewelry per gram reached ¥1,392, up from ¥1,376 per gram on January 5, indicating a rise of ¥16 per gram [9] - COMEX silver futures saw a significant increase of 6.66% [10] Energy Prices - International oil prices also saw an increase, with WTI crude oil rising by 2.94% to $59.46 per barrel and Brent crude oil up by 2.56% to $63.58 per barrel [10]

1. Report Industry Investment Rating No relevant content provided. 2. Core View of the Report The rebound of consumer inflation in the US reduces the expected number of Fed rate cuts. The EU intends to hold a tri - party meeting among the US, Russia, and Ukraine to reach a peace agreement. However, due to continuous gold purchases by global central banks, the downside space for precious metal prices is limited. It is recommended that investors wait for price drops to build long positions [1]. 3. Summary by Related Catalogs 3.1 Market Data - **Shanghai Gold**: The closing price on August 15, 2025, was 775.86 yuan/gram, down 2.77 yuan from the previous day. The trading volume was 23,234, and the open interest decreased by 730 [1]. - **Shanghai Silver**: The closing price on August 15, 2025, was 9,173 yuan/ten - grams, up 15 yuan from the previous day. The trading volume of the spot Shanghai silver T + D was 452,542, and the open interest was 3,447,314, down 63,142 [1]. - **COMEX Gold Futures**: The closing price on August 15, 2025, was 3,381.70 dollars/ounce, down 101 dollars from the previous week. The trading volume was 115,486, and the open interest was 328,360, down 3,192 [1]. - **COMEX Silver Futures**: The closing price on August 15, 2025, was 38.02 dollars/ounce, down 0.01 dollars from the previous day. The trading volume was 86,225, and the open interest was 70,294, down 34,959 [1]. 3.2 Important Information - **US Economy**: US retail sales in July increased by 0.5% month - on - month, and real retail sales grew for the tenth consecutive month. In August, the University of Michigan consumer confidence unexpectedly declined, and long - and short - term inflation expectations rose. The US Treasury will issue over 1 trillion dollars of mainly short - term Treasury bonds in the third quarter. The use of the Fed's overnight reverse repurchase tool is approaching zero. Import tariffs have pushed up commodity prices, leading to an increase in the PPI annual rate in July and the core CPI annual rate at the consumer end. The inflation expectations in August are higher than expected, reducing the expected number of Fed rate cuts to September/October [1]. - **European Central Bank**: The ECB paused rate cuts in July, keeping the deposit mechanism rate at 2%. The eurozone (Germany) CPI annual rate in July was 2% (1.8%), higher than expected but flat compared to the previous value. Due to the continued recovery of the manufacturing PMI in the eurozone, Germany, and France in July, the ECB may cut rates at most once before the end of 2025 [1]. - **Bank of England**: The Bank of England cut the key interest rate by 25 basis points to 4.0% in August. It continued to reduce its holdings of 100 billion pounds of UK government bonds from October 2024 to September 2025 and may slow down the pace of balance - sheet reduction later. The UK's CPI (core CPI) annual rate in June was 3.6% (3.7%), and the GDP monthly rate was 0.4%, both higher than expected and the previous value. The manufacturing (service) PMI in July was 48.2 (51.2), higher (lower) than expected and the previous value. The Bank of England may cut rates at most once before the end of 2025 [1]. - **Bank of Japan**: The Bank of Japan kept the benchmark interest rate unchanged at 0.5% in July and will start reducing the quarterly Treasury bond purchase scale from 400 billion to 200 billion yen in April 2026. Japan's (Tokyo) core CPI annual rate in June (July) was 3.3% (2.9%), in line with expectations but lower than the previous value. The GDP quarterly rate in the second quarter was 0.3%, higher than expected. With the US Treasury Secretary urging the Bank of Japan to raise interest rates, the Bank of Japan still has the possibility of raising rates before the end of 2025, with the earliest possible time being October [1]. 3.3 Trading Strategy Investors are advised to wait for price drops to build long positions. For London gold, pay attention to the support level around 3,200 - 3,300 dollars/ounce and the resistance level around 3,400 - 3,500 dollars/ounce. For Shanghai gold, focus on the support level around 760 - 770 yuan/gram and the resistance level around 800 - 810 yuan/gram. For London silver, pay attention to the support level around 34 - 36 dollars/ounce and the resistance level around 37 - 40 dollars/ounce. For Shanghai silver, focus on the support level around 8,500 - 8,700 yuan/ten - grams and the resistance level around 9,100 - 9,500 yuan/ten - grams [1].