On February 5, 2026, the Shanghai Gold Exchange's Shanghai Gold (standard weight 1 kg, gold ingot with a fineness not less than 99.99%; pricing contract) morning session benchmark price was quoted at 1108.05 yuan/gram. Compared with the previous trading day's (February 4) afternoon session benchmark price of 1137.94 yuan/gram, it decreased by 29.89 yuan/gram (-2.63%).

PriceSeek analysis of gold, long-short score: -1.5
The article indicates that the spot price of gold decreased by 2.63% compared to the previous trading day, to 1108.05 yuan/gram, a significant decline reflecting market oversupply or weak demand, constituting a bearish factor. Combined with gold futures data from the Shanghai Futures Exchange, the main contract such as 2604 closed at 1105.76 yuan/gram, with a settlement price of 1112.6 yuan/gram, and a change of -8.34. Other contracts such as 2602 and 2603 also generally declined, indicating that futures prices are under simultaneous pressure, with overall market sentiment leaning bearish.