Core Insights - Industrial metals trading in China has seen a significant surge in activity, primarily driven by retail traders, leading to concerns about speculative trading overshadowing fundamental demand [1][2][5] Group 1: Trading Activity - Futures volumes for aluminum, copper, nickel, and tin on the Shanghai Futures Exchange have sharply increased, reaching levels well above recent averages [2] - Nickel contracts have particularly led the surge, with trading volumes increasing several-fold in a single month, while tin markets have also seen extraordinary activity [4] Group 2: Speculation and Retail Participation - The current trading patterns indicate that derivatives speculation, rather than industrial demand, is dominating market flows, with retail participation acting as a key catalyst [5] - The trend of short-term momentum strategies and leverage among individual investors has become increasingly popular, amplifying price swings [5][6] Group 3: Regulatory Response - The rapid increase in trading activity has prompted exchanges to intervene, raising margin requirements and tightening trading rules multiple times in recent weeks [7] - Specifically, the Shanghai and Guangzhou Futures Exchanges have raised margins and tightened rules 38 times over the last two months to contain speculation [7] Group 4: Market Volatility - The interventions by exchanges may indicate growing concerns about excessive leverage and the potential for sharp corrections in highly leveraged derivatives markets [8] - The broader metals market is experiencing mixed signals, with silver showing one of the strongest rallies in its history before entering a volatile consolidation phase [9]

Core Insights - Gold has experienced significant volatility over the past year, with sharp price movements influenced by central bank buying, changing rate expectations, and geopolitical risks [3][4] - The SPDR Gold Shares ETF (NYSE:GLD) has mirrored this volatility, presenting opportunities for traders while creating uncertainty for long-term investors [4][8] - An AI price-prediction model forecasts a moderate upside for GLD, with an average predicted price of $512.75, indicating a potential increase of 12.41% [6][9] Trading Strategies - Active traders can utilize leveraged futures through Apex Trader Funding, which allows access to gold trading with minimal capital after passing a single evaluation [7][8] - Long-term investors can consider fractional shares through platforms like SoFi, which enables investment in GLD with as little as $5 and offers promotional stock incentives [6][8]

APIA, Samoa, Feb. 09, 2026 (GLOBE NEWSWIRE) -- Phemex, a user-first crypto exchange, announced the launch of Phemex TradFi, a new futures trading offering that allows users to access traditional financial assets, including stocks and precious metals, on a 24/7 basis. Futures linked to commodities, foreign exchange, and global indices will be introduced in subsequent phases. The launch marks Phemex's entry into multi-market derivatives, enabling traders to manage exposure to both crypto and traditional asset ...

APIA, Samoa, 7 février 2026 /PRNewswire/ -- La bourse de cryptoactifs centrée sur l'utilisateur Phemex a annoncé le lancement de Phemex TradFi, une nouvelle offre de négociation de contrats à terme qui permet aux utilisateurs d'accéder aux actifs financiers traditionnels, y compris les actions et les métaux précieux, 24 heures sur 24 et 7 jours sur 7. Les contrats à terme liés aux matières premières, aux devises et aux indices mondiaux seront proposés dans les phases suivantes. Continue Reading Ce lancement ...

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]

Core Insights - The article provides a market analysis focusing on Gold Futures, Copper Futures, Silver Futures, and the State Street® SPDR® S&P® Metals & Mining ETF [1] Group 1: Gold Futures - Gold Futures are analyzed in terms of price movements and market trends, indicating potential investment opportunities [1] - The article highlights recent fluctuations in gold prices, which may impact investor sentiment and market strategies [1] Group 2: Copper Futures - Copper Futures are discussed with emphasis on supply-demand dynamics and their implications for pricing [1] - The analysis suggests that changes in industrial demand could significantly affect copper market performance [1] Group 3: Silver Futures - Silver Futures are examined, noting their correlation with gold prices and industrial usage [1] - The article points out that silver's price trends may reflect broader economic conditions and investor behavior [1] Group 4: Metals & Mining ETF - The State Street® SPDR® S&P® Metals & Mining ETF is evaluated for its performance relative to underlying metal prices [1] - The ETF's composition and market trends are discussed, providing insights into investment strategies within the metals and mining sector [1]

The spectacular meltdowns in gold (GCJ26) and silver (SIH26) prices on Friday sent spooked commodity bulls to the sidelines. Grains futures traders could not help but keep their eyes glued to that day’s record-setting price downdrafts in gold and silver futures. Silver’s 26% plunge on Friday was the biggest on record, while gold dropped 9% in its worst day in more than a decade. Copper (HGH26) traders were already reeling after a sudden spike past $14,500 a ton that unraveled just as fast. Grain futures ...

2026.01. 28 本文字数：1011，阅读时长大约2分钟 上海黄金交易所表示，请各会员提高风险防范意识，做细做好风险应急预案，提示投资者做好风险防范工作，合理控制仓位，理性投资，确保市场稳定健康运行。 同日，上海期货交易所也发布通知称，自2026年1月30日（星期五）收盘结算时起，涨跌停板幅度和交易保证金比例调整如下： 镍期货已上市合约的涨跌停板幅度调整为11%，套保持仓交易保证金比例调整为12%，一般持仓交易保证金比例调整为13%。 上期所、上金所双双发布通知，对多品种期货相关合约涨跌停板幅度和交易保证金比例进行调整。 1月28日，上海黄金交易所（简称"上金所"）发布通知，根据《上海黄金交易所风险控制管理办法》的有关规定，我所对白银延期合约交易保证金水平和涨跌停板比例进行调整。现 将相关事项通知如下：自2026年1月30日（星期五）收盘清算时起，Ag（T+D）合约的保证金水平从19%调整为20%，下一交易日起涨跌幅度限制从18%调整为19%。 不锈钢、铸造铝合金、螺纹钢、热轧卷板期货已上市合约的涨跌停板幅度调整为7%，套保持仓交易保证金比例调整为8%，一般持仓交易保证金比例调整为9%。 黄金期货AU2 ...

Market Overview - U.S. stock futures are indicating a downward trend, with S&P 500 E-mini futures down 0.28%, Nasdaq 100 futures declining 0.5%, and Dow futures falling 0.13% in premarket trading, influenced by geopolitical tensions and movements in tech stocks [2][9] Technology Sector - Intel (INTC) shares fell 1.8% in premarket trading after a significant 17% drop in the previous session, attributed to a weak Q1 forecast and manufacturing issues, raising investor concerns [3][9] - Apple Inc. (AAPL) received a positive boost as JP Morgan raised its target price from $305 to $315, reflecting optimism about the company's future revenue and earnings per share despite potential challenges from rising memory costs [3][9] Geopolitical Developments - Ukraine's military reported striking a Russian oil refinery in the Krasnodar region, resulting in fires and at least one injury, highlighting ongoing geopolitical instability and its potential impact on global energy markets [4][9] Commodity Markets - Chinese exchanges are implementing new trading regulations, with the Shanghai International Energy Exchange adjusting price limits and margin ratios for copper futures, effective from January 28, and the Shanghai Futures Exchange modifying trading limits for silver and tin futures starting January 26 [6][9] - Copper futures on the Shanghai Futures Exchange increased by 2.50% to 103,130 yuan per metric ton, reaching a more than one-week high [6]

Group 1 - The price of spot gold surged to a historical high of $4,781.24 per ounce due to heightened geopolitical tensions, with a daily increase of approximately 0.3% [1] - On January 20, international gold and silver prices reached new highs, reflecting increased market risk aversion [1] Group 2 - The Shanghai Futures Exchange announced adjustments to margin ratios and price limits for various futures contracts effective January 22, 2026, including an 8% price limit for copper and aluminum futures [2] - Gold futures contracts AU2602, AU2603, and AU2604 will have a price limit adjustment to 16%, with margin ratios set at 17% for hedging and 18% for general positions [2] - Silver futures contracts AG2602, AG2603, and AG2604 will see a price limit adjustment to 17%, with margin ratios of 18% for hedging and 19% for general positions [2] Group 3 - On January 19, the Guangzhou Futures Exchange announced adjustments to lithium carbonate futures, with a price limit set at 11% and speculative trading margin standards adjusted to 13% [3] - Lithium carbonate futures experienced a significant price surge on January 20, attributed to concerns over domestic supply disruptions [3]