News level:
February 5 (Thursday)
1. Bank of England Interest Rate Decision (20:00)
2. European Central Bank Interest Rate Decision (21:15)
3. APEC Finance and Central Bank Deputy Meeting (2.4-2.5, Shanghai): Through the 2026 financial work plan, focusing on regional economy, digital infrastructure financing, and inclusive finance, the Chinese side promotes the '14th Five-Year Plan'.
4. People's Bank of China 2026 Credit Market Work Conference: Emphasizes support for major strategies and key areas, promotes technology/green/inclusive/aging/digital finance, and strengthens support for consumer finance.
Funding level:
After two days of sharp rebounds, precious metals fell again today, with gold evaporating 1.4 trillion USD and silver at one point dropping more than 10%, evaporating 900 billion USD.
The news aspect is the combined interest rate meeting of the UK and EU, bringing uncertain risks. After rebounding for two days, it again fills the K-line, accumulating a lot of short positions before another plunge. (This time it's another slaughter of profits; regardless of the outcome, the profitable positions chose to secure gains.)
Although silver had a strong increase earlier, at one point surpassing gold, when the tide recedes, silver's decline is sharper than gold's. Gold truly deserves to be the anchor of currencies.
