Precious Metals Market: Risk-Off Sentiment Dominates, Gold Hits Record Highs
Driven by U.S. CPI data coming in lower than expected, market expectations for Fed rate cuts increased, the dollar weakened, and the appeal of precious metals surged. Spot gold soared 2.5% in a single day, breaking above $5040/oz, with COMEX gold futures also surpassing $5050. Domestic brand gold jewelry prices followed suit, with Lao Miao Gold's pure gold jewelry rising 36 yuan to 1565 yuan per gram. Silver, platinum, and palladium also posted significant gains. The strong performance of precious metals directly reflects the market's safe-haven demand in a complex macro environment.
Technology and Regulation: AI Copyright Dispute Affects Chinese Concept Stocks
Japanese government officials stated they will investigate ByteDance's AI video generation model Seedance 2.0, primarily over concerns about copyright infringement and inappropriate content. This incident highlights the regulatory challenges faced by generative AI globally, which may pressure the business expansion and valuation of related tech companies. Investors need to monitor the long-term impact of AI ethics and compliance risks on the tech sector.
Domestic Market: Stable Liquidity, Divergence in Consumer Sector
The central bank conducted a 38 billion yuan 7-day reverse repo operation today, keeping the interest rate unchanged at 1.40%, maintaining reasonably ample liquidity in the banking system. The domestic consumer market showed divergence, with liquor prices mixed and the overall bundled price falling to a weekly low, indicating that high-end consumption momentum needs observation.
External Risks: Geopolitics and Tech Stock Volatility
Geopolitical tensions in the Middle East remain high, with Trump confirming the deployment of an additional aircraft carrier to the region. Most U.S. tech stocks fell, with Nvidia and Apple leading the declines, while European bank stocks plummeted as the market labeled them "AI losers." Amazon faced a losing streak due to market concerns over its massive AI investment plan. These factors collectively increased volatility in global markets.
Related A-Shares to Watch: The rise in precious metal prices directly benefits gold mining and sales companies, while AI regulatory developments may also affect related tech concept stocks.
This article does not constitute any investment advice. The stock market carries risks, and investment requires caution!