中国黄金（600916）国际(02099)涨超3%，高见134.8港元刷新历史新高。截至发稿，涨3.7%，报134.6 港元，成交额3.62亿港元。 兴业证券此前指，美联储降息预期升温，中长期看好黄金及铜价格中枢上移。长山壕金矿生产恢复稳 定，甲玛矿规划27H1投产三期尾矿库并着手提高采矿证载能力，届时产量有望恢复至尾砂外溢前水 平。招商证券也表示，甲玛矿未来扩产潜力较大。此外，公司在八一牧场和则古朗北两个探矿区开展探 矿工作，已显示出很大资源潜力，有望支撑未来更大规模的扩产。 消息面上，近期降息预期持续升温，隔夜公布的美国PPI数据不及预期，进一步支持了美联储降息的理 由。数据公布后，交易员加大了对美联储9月降息50个基点的押注。此外，据央视新闻，当地时间9月10 日，美国总统特朗普在其社交平台"真实社交"上发文再次批评美联储主席鲍威尔，并敦促立即大幅降 息。当前，市场等待今晚美8月CPI数据指引。 ...

消息面上，近期降息预期持续升温，隔夜公布的美国PPI数据不及预期，进一步支持了美联储降息的理 由。数据公布后，交易员加大了对美联储9月降息50个基点的押注。此外，据央视新闻，当地时间9月10 日，美国总统特朗普在其社交平台"真实社交"上发文再次批评美联储主席鲍威尔，并敦促立即大幅降 息。当前，市场等待今晚美8月CPI数据指引。 兴业证券此前指，美联储降息预期升温，中长期看好黄金及铜价格中枢上移。长山壕金矿生产恢复稳 定，甲玛矿规划27H1投产三期尾矿库并着手提高采矿证载能力，届时产量有望恢复至尾砂外溢前水 平。招商证券也表示，甲玛矿未来扩产潜力较大。此外，公司在八一牧场和则古朗北两个探矿区开展探 矿工作，已显示出很大资源潜力，有望支撑未来更大规模的扩产。 智通财经APP获悉，中国黄金国际(02099)涨超3%，高见134.8港元刷新历史新高。截至发稿，涨3.7%， 报134.6港元，成交额3.62亿港元。 ...

2025.09. 11 本文字数：2198，阅读时长大约4分钟 作者 | 第一财经 曹璐 封图 | AI生成 金价的每一次突破，都在给黄金板块"添柴"，"黄金热"氛围不断升温。 在金价强势带动下，A股与港股黄金板块同步跟涨。Wind数据显示，截至9月10日，SSH黄金股票 （931238.CSI）成份股年内平均涨幅突破80%；同时，黄金热潮更蔓延至金融产品端，黄金类ETF 业绩也"水涨船高"，尤其是股票型黄金ETF，6只产品年内平均上涨74.89%。 在配置热情与业绩表现的双重推动下，黄金类ETF的规模快速扩张。据第一财经计算，目前20只黄 金ETF的年内总规模已增加近1.3倍。不过，不同类型黄金ETF的资金流向呈现显著分化，黄金股 ETF在三季度以来持续吸引资金流入，而商品型黄金ETF则整体遭遇净赎回。 这场由金价飙升引发的"黄金热"，正从现货市场向股票市场、金融产品持续渗透。面对持续走高的金 价，黄金的涨势还会持续吗？ 业绩亮眼引关注 金价的持续上涨也推动相关产品的净值提升。目前市场共有三类黄金ETF，分别是跟踪SSH黄金股 票的股票型基金，以及跟踪SGE黄金9999、上海金的商品型产品。截至9月9日，这 ...

金价的每一次突破，都在给黄金板块"添柴"，"黄金热"氛围不断升温。 在金价强势带动下，A股与港股黄金板块同步跟涨。Wind数据显示，截至9月10日，SSH黄金股票 （931238.CSI）成份股年内平均涨幅突破80%；同时，黄金热潮更蔓延至金融产品端，黄金类ETF业绩 也"水涨船高"，尤其是股票型黄金ETF，6只产品年内平均上涨74.89%。 在配置热情与业绩表现的双重推动下，黄金类ETF的规模快速扩张。据第一财经计算，目前20只黄金 ETF的年内总规模已增加近1.3倍。不过，不同类型黄金ETF的资金流向呈现显著分化，黄金股ETF在三 季度以来持续吸引资金流入，而商品型黄金ETF则整体遭遇净赎回。 这场由金价飙升引发的"黄金热"，正从现货市场向股票市场、金融产品持续渗透。面对持续走高的金 价，黄金的涨势还会持续吗？ 业绩亮眼引关注 自年初以来，黄金价格一路震荡走高，进入8月下旬后更是加速突破。Wind数据显示，截至9月10日， COMEX黄金近15个交易日上涨9.08%，年内涨幅进一步扩大至38.73%。从价格走势看，国际金价自年 初2625美元/盎司起步后持续攀升，其间一度突破3700美元/盎司大关，创下历 ...

Group 1: Hong Kong Stock Market Highlights - China Tobacco Hong Kong (06055) rose over 2% after announcing exclusive distribution agreements for brand cigars with Hubei and Shandong Tobacco [1] - Sportswear stocks generally increased, with Li Ning (02331) up nearly 1% and Tmall (06110) up nearly 2%, following a government directive to enhance the modern sports industry and boost consumption [1] - He Yu-B (02256) surged over 3% as the company announced multiple positive developments, including the approval of oral PD-L1 combined with Gorai Leisai for Phase II clinical trials [1] - Gold stocks collectively rose, with Lingbao Gold (03330) up over 4%, China Gold International (02099) up over 1%, and Zijin Mining (02899) up over 3%, amid expectations of a U.S. interest rate cut [1] - UBTECH (09880) increased over 2% after Citigroup reported that the company has received 400 million RMB in humanoid robot orders and secured a $1 billion strategic investment from a Middle Eastern fund [1] - Huimai Technology (01860) surged over 12%, reaching a historical high, with a year-to-date stock price increase of over 110% due to the continuous iteration of its AI-driven smart bidding system [1] Group 2: Other Notable Stocks - Wanka Yilian (01762) rose over 11% after announcing a comprehensive cooperation memorandum with Alibaba Cloud to create an AI marketing ecosystem [2] - Longpan Technology (02465) increased over 10%, with Citic Securities indicating potential opportunities in the battery sector due to an upcoming significant meeting [2] - Juzi Bio (02367) rose over 4%, with institutions optimistic about the recovery of live streaming during the upcoming Double Eleven shopping festival [2] - Shoucheng Holdings (00697) increased over 8% after its subsidiary announced additional investment in Songyan Power amounting to several million RMB [2] Group 3: U.S. Stock Market Highlights - Salesforce (CRM.US) fell 4.85% after reporting a 9.8% year-over-year revenue growth for Q2, with Q3 revenue guidance slightly below expectations [3] - American Eagle (AEO.US) surged 37.96% after exceeding expectations in its Q2 earnings report [3] - Hewlett Packard Enterprise (HPE.US) rose 1.49% with a 19% year-over-year revenue growth in Q3, marking a record high [3] - United Microelectronics (UMC.US) increased 3.46%, reporting a 1.86% year-over-year sales growth for the first eight months of the year [3] - ZTO Express (ZTO.US) continued to rise by 0.94%, with the logistics industry index in China at 50.9%, up 0.4 percentage points from the previous month [3] - Bilibili (BILI.US) rose 0.99%, with research indicating high growth in the gaming industry supported by policy, expecting continued quarter-over-quarter improvement [3] - Waterdrop (WDH.US) increased 2.25%, reporting nearly a 120% growth in net profit attributable to shareholders, driven by AI model empowerment [3] Group 4: Additional U.S. Stock Movements - Sanofi (SNY.US) fell 9.14% despite achieving all primary and secondary endpoints in a Phase III study for Amlitelimab, as results did not meet market expectations [4] - Toyota (TM.US) rose 2.40% after announcing plans to produce a pure electric vehicle model at its Czech factory, marking its first electric vehicle production in Europe [4] - Baidu (BIDU.US) increased 1.88% following the release of an action plan by the Ministry of Industry and Information Technology to enhance intelligent cloud services [4] Group 5: Earnings Reports and Forecasts - C3.ai (AI.US) fell 7.31% after reporting Q1 results and revenue guidance for FY2026 that fell short of expectations [5] - Samsara (IOT.US) rose over 10% with a 30% year-over-year revenue growth in Q2 [5] - UiPath (PATH.US) increased nearly 5%, reporting Q2 revenue of $362 million, a 14% year-over-year growth, and projecting FY2026 revenue between $1.571 billion and $1.576 billion [5] - DocuSign (DOCU.US) rose nearly 9% after reporting Q2 revenue of $800.6 million, a 9% year-over-year increase, with GAAP gross margin at 79.3% [5]

中信证券研报表示，4月底以来黄金处在震荡市中，该行认为是关税冲击、美国财政、地缘政治、央行购金等因素形成了复杂的多空平衡。但这些 因素的改变有望开启黄金上行趋势。关税的预期好转可能暂告一段落，而对滞胀的影响可能刚开始体现；年内地缘风险明显下降的可能性较小； 美联储可能开启提前曲线降息；全球央行的购金趋势稳定。中性假设下，该行的模型预测年底金价有望超过3730美元/盎司。 （原标题：港股异动 | 黄金股集体走高 ADP就业数据强化美降息预期 市场聚焦今晚非农数据） 智通财经APP获悉，黄金股集体走高，截至发稿，灵宝黄金(03330)涨6.32%，报16.33港元；中国黄金国际(02099)涨3.71%，报120.2港元；招金矿 业(01818)涨3.7%，报28.04港元；紫金矿业(02899)涨3.07%，报27.5港元。 消息面上，9月4日晚，ADP数据显示，美国8月ADP就业人数增加5.4万人，低于市场预期。另据美国劳工部最新数据，美国截至8月30日当周初请 失业金人数 23.7万人，高于市场预期。美国劳动力市场持续降温进一步强化了美联储降息预期，目前市场定价显示，美联储在9月降息的概率已升 至97.4% ...

Group 1 - Gold stocks collectively rose, with Lingbao Gold increasing by 6.32% to HKD 16.33, China Gold International up by 3.71% to HKD 120.2, Zhaojin Mining up by 3.7% to HKD 28.04, and Zijin Mining up by 3.07% to HKD 27.5 [1] - The ADP report indicated that U.S. employment increased by 54,000 in August, which was below market expectations, while initial jobless claims for the week ending August 30 were 237,000, exceeding expectations [1] - The U.S. labor market is showing signs of cooling, reinforcing expectations for a Federal Reserve interest rate cut, with market pricing indicating a 97.4% probability of a rate cut in September [1] Group 2 - CITIC Securities reported that since late April, gold has been in a volatile market due to factors such as tariff impacts, U.S. fiscal policy, geopolitical issues, and central bank gold purchases [2] - The report suggests that changes in these factors could initiate an upward trend in gold prices, with a stable trend in global central bank gold purchases [2] - Under a neutral assumption, the model predicts that gold prices could exceed USD 3,730 per ounce by the end of the year [2]

来源：滚动播报 香港恒生指数收跌1.12%，恒生科技指数跌1.85%。芯片股普跌，中芯国际、上海复旦跌超6%，华虹半 导体跌超5%；创新药概念股回调，歌礼制药跌超10%，恒瑞医药跌超6%；黄金板块下跌，灵宝黄金、 中国黄金国际跌超7%。 ...

消息面上，9月4日，现货黄金直线跳水，现货黄金一度跌破3520美元大关，最新报3531.89美元/盎司， 日内跌0.77%；COMEX黄金期货最新报3588.3美元/盎司，日内跌超1%。宝城期货认为，上周五以来贵 金属有加速上行趋势，主要是内外权益市场表现开始疲软，这很大程度上使市场的避险需求有所升温， 资金可能开始轮动，贵金属的避险溢价有所上升。此外，当前市场焦点集中在美国8月非农就业数据。 这是9月份美联储议息会议前最后一次非农数据，预计将对9月份降息产生关键影响。 智通财经APP获悉，黄金股今日全线下跌，截至发稿，中国黄金国际(02099)跌8.15%，报115港元；潼 关黄金(00340)跌8.04%，报2.06港元；灵宝黄金(03330)跌6.95%，报15.4港元；赤峰黄金(06693)跌 6.11%，报26.76港元。 ...

黄金股今日全线下跌，截至发稿，中国黄金（600916）国际(02099)跌8.15%，报115港元；潼关黄金 (00340)跌8.04%，报2.06港元；灵宝黄金(03330)跌6.95%，报15.4港元；赤峰黄金（600988）(06693)跌 6.11%，报26.76港元。 消息面上，9月4日，现货黄金直线跳水，现货黄金一度跌破3520美元大关，最新报3531.89美元/盎司， 日内跌0.77%；COMEX黄金期货最新报3588.3美元/盎司，日内跌超1%。宝城期货认为，上周五以来贵 金属有加速上行趋势，主要是内外权益市场表现开始疲软，这很大程度上使市场的避险需求有所升温， 资金可能开始轮动，贵金属的避险溢价有所上升。此外，当前市场焦点集中在美国8月非农就业数据。 这是9月份美联储议息会议前最后一次非农数据，预计将对9月份降息产生关键影响。 ...