Market Analysis by covering: Gold Spot US Dollar, Kinross Gold Corp, Wheaton Precious Metals Corp, Gold Futures. Read 's Market Analysis on Investing.com ...

Core Insights - Gold and silver prices have sharply declined due to weaker Asian demand, particularly from China, with gold futures falling below $5,000 and silver dropping to $74.24 an ounce [1][2] - The bearish sentiment surrounding the U.S. dollar is increasing, with a Bank of America survey indicating the most bearish dollar positioning in 14 years, which may exert further downward pressure on commodities [2] - Gold's support level is identified at $4,860, with a potential drop to $4,670, while silver shows signs of weakening momentum, possibly heading towards $70 [3] Market Trends - The recent gold rally may reflect broader trends in the commodity market, suggesting a shift beyond its traditional role as a safe-haven asset [4] - Concerns are raised regarding China's potential development of gold-backed digital assets in Hong Kong, indicating a strategic move away from the yuan [5]

Core Viewpoint - The precious metals market experienced sudden and severe selling pressure, with gold and silver prices dropping significantly, likely driven by repositioning actions from large investment banks or hedge funds [1][3]. Group 1: Market Movements - Gold futures for April fell by $120.00 to $4980.00, while March silver recorded a decline of $7.75, closing at $76.20 [3]. - The prices of platinum, palladium, copper, major U.S. stock indices, and crude oil also hit daily lows simultaneously, while safe-haven U.S. Treasuries surged to daily highs [1][2]. Group 2: Economic Indicators - The upcoming release of the January Consumer Price Index (CPI) report is creating uncertainty in the market, with rumors of unexpectedly high CPI data circulating [4]. - Analysts expect the year-on-year CPI growth rate for January to remain at 2.5%, unchanged from the previous value [4]. Group 3: Technical Analysis - The defensive focus for gold bulls has shifted lower, with a need to close above the resistance level of $5250.00 to regain upward momentum; otherwise, prices may test deeper support at $4670.00 [4]. - Silver is facing more significant challenges, with bulls struggling to defend the $74.00 level; failure to reclaim the $80.00 mark may allow bears to dominate [4]. Group 4: Investor Recommendations - Investors are advised to closely monitor key levels such as $4900.00 for gold and $72.50 for silver, as the market volatility has entered a sensitive zone, raising concerns about potential secondary shocks due to liquidity tightening ahead of data releases [5].

Group 1 - The article provides a market analysis focusing on the S&P 500, Gold Futures, and the United States 10-Year Treasury yields [1] Group 2 - The S&P 500 index is analyzed for its performance trends and potential investment opportunities [1] - Gold Futures are discussed in terms of their price movements and implications for investors [1] - The United States 10-Year Treasury yields are examined for their impact on the broader financial market [1]

Group 1 - The U.S. House of Representatives passed a resolution to eliminate punitive tariffs on Canadian goods, with a vote of 219 in favor and 211 against, indicating a potential bipartisan shift [3] - The resolution is expected to be reviewed by the Senate, where it has a high likelihood of passing, although it may ultimately be vetoed by President Trump [3] - The tariffs were initially imposed by President Trump in response to Canada's failure to effectively control the export of illegal drugs, including fentanyl [3] Group 2 - In the gold futures market, prices are currently trading around 1126.78 yuan per gram, with a slight decline of 0.09%, and have fluctuated between a high of 1135.94 yuan and a low of 1118.20 yuan [1] - Technical analysis indicates that gold futures are showing signs of stabilization, with support above 1120 yuan per gram and potential resistance in the 1130-1140 yuan range [4] - The market is expected to maintain a wide fluctuation pattern, influenced by the volatility of the RMB exchange rate and the evolving expectations of Federal Reserve policies [4]

Core Viewpoint - Precious metals, specifically gold and silver, experienced a decline in futures prices ahead of the January jobs report, breaking their recent winning streaks [1] Group 1: Market Performance - Gold futures closed down 0.9% at $5,003.80 per troy ounce, remaining just above the $5,000 mark [1] - Silver futures fell 2.3% to $80.218 per ounce, significantly lower than its record high reached in January [1] Group 2: Economic Indicators - The Bureau of Labor Statistics (BLS) is set to release payroll data that was delayed due to a partial government shutdown [1] - A weaker than expected jobs report could increase pressure on the Federal Reserve to consider cutting interest rates, following a flat retail sales report for December [1] Group 3: Implications for Precious Metals - An eventual rate cut by the Federal Reserve could provide support for precious metals, potentially reversing the current downward trend [1]

Group 1: Gold Price Movement - Gold futures opened at $5,126.40 per troy ounce, marking a 1.9% increase from the previous day's closing price of $5,031, the first time gold has surpassed $5,100 since January 30 [1] - The increase in gold prices follows weaker-than-expected U.S. retail data, which showed December retail and food service sales were nearly unchanged from the prior month, contrary to analysts' expectations of a 0.4% growth [1][2] - Gold's price increase is supported by soft retail sales and weak hiring trends, which bolster the case for lower interest rates that benefit gold investments [3] Group 2: Economic Indicators - The Trump Administration indicated that the upcoming December jobs report is expected to be disappointing, with ADP's employment data showing the U.S. economy added only 37,000 private jobs in December and 22,000 in January, significantly lower than economists' expectations [2] - The one-year gain for gold as of January 29 was reported at 95.6%, with increases of 4.1% over the past week and 14.6% over the past month [4][8] Group 3: Investment Options in Gold - Various methods to invest in gold include physical gold, gold mining stocks, gold ETFs, and gold futures, each with distinct advantages and disadvantages [6][9] - Physical gold is tangible and easy to purchase, while gold mining stocks can be volatile due to their profits being tied to gold prices and exposure to geopolitical risks [12][18] - Gold ETFs track the price of gold and can invest in physical gold, mining stocks, or futures, with the largest being SPDR Gold Shares, which is backed by physical gold stored in vaults [19][23]

Group 1: Commodity Market Overview - The domestic commodity futures market experienced significant volatility this week, with multiple major products showing sharp fluctuations, driven by supply-demand expectations and geopolitical tensions [1] - Precious metals, particularly gold and silver, faced substantial corrections, while agricultural products like soybean meal and soybean oil continued to show weakness [1] - Coking coal strengthened due to expectations of production cuts in Indonesia, while lithium carbonate continued its downward trend under pressure from inventory changes and the end of pre-holiday stocking [1] Group 2: Precious Metals - The precious metals market was the most volatile sector this week, with gold futures dropping over 4% and silver plummeting more than 27%, marking the largest weekly decline of the year [2] - This correction was primarily due to a rapid retreat of risk aversion, as previous premiums driven by Middle Eastern tensions and global central bank gold purchases quickly dissipated following signs of easing in US-Iran relations [2] - Investors rushed to close their risk-hedging positions, pushing prices downward, while a strengthening US dollar further pressured dollar-denominated precious metals [2] Group 3: Aluminum Market - Aluminum prices fell as geopolitical risks eased, with Shanghai aluminum futures coming under downward pressure as concerns over regional supply diminished [3] - The Middle East accounts for nearly 10% of global electrolytic aluminum capacity, but the actual supply disruption risk is lower than market expectations due to differences in production structures and logistics [3] - As tensions cooled, the "risk premium" in aluminum prices was gradually erased, although domestic alumina maintenance led to short-term supply tightening [3] Group 4: Agricultural Products - The agricultural sector remained weak, with soybean meal and soybean oil experiencing significant declines, primarily due to reinforced expectations of a bumper soybean harvest in South America [4] - The USDA's January report raised Brazil's soybean production forecast to 178 million tons, a record high, with some institutions estimating it could reach 182 million tons [4] - As of January 31, Brazil's soybean harvest progress was at 11.4%, significantly ahead of last year's pace, leading to increased concerns about the influx of new season soybeans [4] Group 5: Lithium Market - Lithium carbonate futures continued their downward trend, with market logic returning to fundamentals [5] - Weekly data showed a decrease in social inventory by 1,414 tons, but a clear structural divergence was evident, with downstream inventory increasing by 3,007 tons while upstream decreased by 831 tons [5] - The market reflected that terminal demand had not effectively recovered, and with pre-holiday stocking largely completed, the market's pricing for first-quarter destocking expectations was nearly finalized [5]

Group 1 - Precious metal prices experienced a significant decline on February 5, with gold futures for April 2026 dropping by $188.3 to close at $4,798.1 per ounce, marking a decrease of 3.75% [1] - Silver prices also fell sharply, with March futures down $17.415 to $70.350 per ounce, a decline of 19.84% [1] - The strengthening of the US dollar index, which rose by 0.21% to 97.824, was influenced by better-than-expected US economic data and hawkish expectations regarding the Federal Reserve's next chair, Kevin Walsh [1] Group 2 - Analysts suggest that despite the current neutral monetary policy stance from global central banks, a slowdown in global economic activity may lead to interest rate cuts in the second half of 2026, which could support global gold prices [2]

Group 1 - Precious metals experienced a sudden drop in early trading on February 5, with domestic gold futures falling over 3% to a low of 1077.02 CNY per gram and silver futures dropping over 18% to a low of 18500 CNY per kilogram [1] - On the international front, COMEX gold futures fell over 3% to a low of 4805 USD per ounce, while COMEX silver futures dropped over 13% to a low of 73.415 USD per ounce [2] - The domestic A-share precious metals sector saw significant declines, with companies like Hunan Gold and Hunan Silver hitting the daily limit down, and Xiaocheng Technology dropping over 14% at one point [6] Group 2 - The National Investment Silver LOF resumed trading and hit the daily limit down for the fourth consecutive day, with the latest premium rate at 37.13% [4] - Multiple domestic gold and jewelry brands reported a decrease in the price of gold jewelry, with Chow Sang Sang's gold jewelry priced at 1558 CNY per gram, down 42 CNY from the previous day [8]