China Gold Prices Tumble as Global Metals Rally Unwinds
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Gold prices in China fell more than 15% Monday, extending sharp losses from Friday and deepening the reversal of a rally as a global sell-off swept through precious metals markets.
The decline followed steep losses overseas, marking a rapid turnaround from a rally that had pushed prices up nearly 30% in January on heightened geopolitical risks and expectations of looser U.S. monetary policy.
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- Gold prices in China fell over 15% Monday, extending sharp declines amid a global precious metals sell-off.
- The drop followed a 30% January rally, as easing geopolitical tensions and unchanged Fed rates softened safe-haven demand.
- Analysts highlight historic volatility, continued risk of price swings, and that long-term gold fundamentals remain intact.
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Who’s Who
- Caitong Securities Co. Ltd.
- Caitong Securities Co. Ltd. observed that implied volatility for both gold and silver had reached historical highs. This left prices susceptible to a downturn once the upward momentum dissipated, contributing to the recent decline in gold prices.
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What Happened When
- January 2026：
- Gold prices rallied nearly 30% due to heightened geopolitical risks and expectations of looser U.S. monetary policy.
- Thursday, January 29, 2026：
- Federal Reserve left interest rates unchanged.
- Friday, January 30, 2026：
- U.S. President Donald Trump nominated Kevin Warsh as the next Fed chairman.
- Friday, January 30, 2026：
- Gold prices in China began sharp losses following previous rallies.
- Late January 2026：
- Iran's foreign minister signaled Tehran’s readiness to engage in talks to resolve tensions with the U.S.
- Monday, February 2, 2026：
- Gold prices in China fell more than 15%, extending sharp losses from the previous Friday.
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