消息上，现货白银的强劲涨势已使其逼近每盎司40美元，这一价位可能很快就会被突破。市场正为接下 来14个交易日的密集事件做准备，届时将有重要的美国数据公布，还有联邦公开市场委员会(FOMC)会 议。黄金的强势仍是主要推动力，这得益于市场愈发坚定地认为美联储即将重启降息，再加上美联储独 立性面临的风险。 港股黄金股持续走强，其中，中国白银集团大涨8.5%领衔，招金矿业涨7.3%再度刷新历史新高，山东 黄金、灵宝黄金、中国黄金国际、紫金矿业亦刷新历史高位。 | 代码 | 名称 | 最新价 | 涨跌幅 √ | | --- | --- | --- | --- | | 00815 | 中国白银集团 | 0.510 | 8.51% | | 01818 | 招金矿业 | 25.860 | 7.30% | | 01787 | 山东黄金 | 31.240 | 6.40% | | 03330 | 灵宝黄金 | 15.070 | 6.20% | | 02099 | 中国黄金国际 | 115.200 | 5.30% | | 06693 | 赤峰黄金 | 27.540 | 5.44% | | 02899 | 三十四年薪 | 26.540 ...

Group 1: Silver Market Insights - The strong upward trend in spot silver prices is approaching $40 per ounce, with a potential breakout imminent [1] - Industrial demand for silver, particularly from solar panel applications, is supporting its price, leading to increased investments in silver-backed exchange-traded funds (ETFs) [1] - August marked the seventh consecutive month of expansion for these silver ETFs, the longest continuous inflow since 2020 [1] Group 2: Gold Market Insights - Gold remains a key hedge against short-term global policy fluctuations and growing skepticism regarding the Federal Reserve's credibility [1] - Morgan Stanley predicts that gold prices could reach $3,675 per ounce by the end of the year, with a potential rise to $4,000 per ounce by early next year [1] - The independence of the Federal Reserve is under threat, particularly following President Trump's attempt to remove a Fed governor, which could act as a strong bullish catalyst for gold prices [1] Group 3: Related Companies in Gold and Silver - Key companies in the gold industry include Zijin Mining (601899)(02899), Shandong Gold (600547)(01787), and Zhaojin Mining (01818) [2] - In the silver sector, China Silver Group (00815) reported a revenue of RMB 2.33 billion for the six months ending June 30, 2025, a year-on-year increase of 0.5%, with a profit attributable to shareholders of RMB 54.91 million, up 167.13% [3]

Group 1: Silver Market Insights - The strong upward trend in spot silver prices is approaching $40 per ounce, with a potential breakthrough imminent [1] - Industrial demand for silver, particularly from solar panel applications, is supporting its price, leading to increased investments in silver-backed exchange-traded funds (ETFs) [1] - In August, silver-backed ETFs experienced their longest continuous inflow since 2020, marking the seventh consecutive month of expansion [1] Group 2: Gold Market Insights - Gold remains a key hedge against short-term global policy volatility and growing skepticism regarding the Federal Reserve's credibility [1] - JPMorgan forecasts that gold prices could reach $3,675 per ounce by the end of the year, with a potential rise to $4,000 per ounce by early next year [1] - The independence of the Federal Reserve is under threat, particularly following President Trump's attempt to remove a Fed governor, which could act as a strong bullish catalyst for gold prices [1] Group 3: Related Companies in the Gold Industry - Key companies in the gold industry include Zijin Mining (02899), Shandong Gold (01787), Zhaojin Mining (01818), and others [2] Group 4: Related Companies in the Silver Industry - China Silver Group (00815) reported a revenue of RMB 2.33 billion for the six months ending June 30, 2025, a year-on-year increase of 0.5%, with a profit attributable to owners of RMB 54.91 million, up 167.13% [3]

消息面上，隔夜金价站上3400美元/盎司，创五周新高。美联储理事沃勒强调支持美联储9月会议降息25 个基点，预计未来3—6个月将进一步降息。此外，当前市场继续评估美联储独立性面临的威胁。值得关 注的是，近期多家黄金矿业公司中期业绩亮眼。紫金矿业（601899）上半年营归母净利润232.92亿元， 同比增加54.41%；赤峰黄金上半年归母净利润达11.07亿元，同比大幅增长55.79%。招金矿业上半年归 母净利润14.40亿元，同比激增160.44%。 赤峰黄金 紫金矿业 赤峰黄金 紫金矿业 招金矿业 灵宝黄金 分时图 日K线 周K线 月K线 25.97 0.89 3.55% 4.31% 2.87% 1.44% 0.00% 1.44% 2.87% 4.31% 24.00 24.36 24.72 25.08 25.44 25.80 26.16 09:30 10:30 11:30/13:00 14:00 15:00 0 89万 179万 268万 黄金股集体走高，截至发稿，中国黄金（600916）国际(02099)涨4.97%，报105.7港元；赤峰黄金 （600988）(06693)涨4.38%，报25.76港元 ...

Group 1 - The core viewpoint of the articles highlights a significant increase in the performance of gold mining companies, with notable stock price rises in companies like Jiangxi Copper and Zijin Mining, driven by favorable market conditions and financial results [1][2] - The China Securities Index for gold industry stocks (931238) rose by 2.71%, with individual stocks such as Jiangxi Copper (00358) increasing by 10.66% and China Gold International (02099) by 10.03% [1] - Recent financial reports from gold mining companies show substantial revenue growth, with Jiangxi Copper reporting a revenue of RMB 256.96 billion and a net profit of RMB 4.175 billion for the first half of 2025, marking a year-on-year increase of 15.42% [1] Group 2 - The U.S. second-quarter GDP annualized revision showed a growth of 3.3%, exceeding expectations, while the core Personal Consumption Expenditures (PCE) price index rose by 2.5%, aligning with initial estimates but below expectations [1][2] - The performance of gold stocks is being positively influenced by the recent dovish stance of the Federal Reserve, which has led to an upward trend in gold prices [2] - Investors are encouraged to consider the largest gold stock ETF (517520) and its associated funds as effective tools for investing in the gold sector, allowing for efficient capture of gold price gains and diversification of individual stock risks [2]

Group 1 - Gold stocks collectively rose, with China Gold International increasing by 4.97% to HKD 105.7, Chifeng Jilong Gold rising by 4.38% to HKD 25.76, Zhaojin Mining up by 4.42% to HKD 24.1, and Lingbao Gold gaining 4.15% to HKD 12.8 [1] - The overnight gold price surpassed USD 3400 per ounce, reaching a five-week high [1] - Federal Reserve Governor Waller emphasized support for a 25 basis point rate cut in the September meeting, with further cuts expected in the next 3 to 6 months [1] Group 2 - Several gold mining companies reported strong mid-year performance, with Zijin Mining's net profit attributable to shareholders reaching CNY 23.292 billion, a year-on-year increase of 54.41% [1] - Chifeng Jilong Gold's net profit attributable to shareholders for the first half of the year was CNY 1.107 billion, a significant year-on-year growth of 55.79% [1] - Zhaojin Mining's net profit attributable to shareholders surged to CNY 1.440 billion, marking an impressive year-on-year increase of 160.44% [1]

华侨银行环球金融市场研究与策略部主管及首席经济学家Selena Ling预计，美联储9月会议将减息25点 子，全年仍有高达75点子的减息空间，并料今明两年共减息5次。金价方面，她指除了地缘政治和政治 因素的推动外，央行、机构和零售投资者的持续需求，以及美联储恢复减息周期，可能进一步提升黄金 的吸引力。她对金价年尾目标为每盎司3570美元，明年中目标3850美元。 8月29日消息，港股黄金股冲高，中国黄金国际、招金矿业、赤峰黄金涨超5%，灵宝黄金、潼关黄金涨 超4%，中国白银集团、紫金矿业涨超3%。 当地时间8月25日，美国总统特朗普在其社交媒体"真实社交"上公开了一封致美联储理事丽莎·库克的信 件，宣布即刻将其免职。此前分析称，如果库克离职，特朗普可能获得四个席位，距离"掌控美联储"将 更近一步。 分析师认为，特朗普"开除"库克的举动不仅推升了降息预期升温，还再度点燃了外界对美联储独立性的 担忧，打压投资者对美元资产的信心，并将目光转向黄金、日元等传统避险资产以及加密货币。 来源：新浪港股 ...

Market Overview - US stock indices experienced adjustments, with European markets also facing challenges, particularly in France where the CAC 40 index fell over 2% [1] - Hong Kong stocks corrected after a strong rally, closing down 1.18% [1] - Optimism regarding potential Fed rate cuts was tempered by concerns over Trump's threats to dismiss Fed Governor Lisa Cook, which could undermine confidence in USD assets [1] Gold and Mining Sector - Gold stocks surged, with China Gold International reporting a turnaround in its mid-year results, showing strong growth and significant capacity expansion potential [1] - Other gold stocks like Lingbao Gold and Zhaojin Mining also saw substantial gains, reflecting a broader trend in the sector [1] Trade and Tariff Implications - Trump threatened to impose approximately 200% tariffs on rare earth magnets from China and additional tariffs on countries implementing digital taxes, impacting major US tech companies [2] - The US government proposed adding copper, silicon, and silver to a list of critical minerals, indicating a shift in tariff strategy to protect domestic industries [2] Automotive Industry Dynamics - The automotive sector is undergoing rapid changes, with Chinese electric vehicle companies and Tesla significantly shortening the development cycle for new models to about two years [3] - Traditional players like Puma are exploring strategic options, including potential sales, indicating a shift in competitive dynamics within the industry [3] AI and Technology Sector - The Chinese government announced plans to integrate AI with six key sectors by 2027, which will drive capital expenditure towards AI-related technologies [6] - Companies like SMIC and SenseTime are positioned to benefit from increased investment in AI and related technologies [6] Company Performance Highlights - Angelalign reported a 33.1% increase in revenue to $161.4 million, with a significant rise in net profit, indicating strong performance in the orthodontics market [4] - Meituan was included in the MSCI China Index, leading to an 8% increase in its stock price [5] Individual Stock Insights - SenseTime is expected to report improved financial results, with projected revenue growth and a potential narrowing of losses, reflecting a positive outlook for the company [7] - The company has a strong competitive position in AI technology, with significant advancements in model capabilities and market share in various applications [8]

Market Overview - The Hong Kong stock market failed to maintain its strong performance from the previous day, with all three major indices experiencing a collective adjustment. The Hang Seng Index fell by 1.18% or 304.99 points, closing at 25,524.92 points, with a total trading volume of HKD 31.78 billion. The Hang Seng China Enterprises Index decreased by 1.07% to 9,148.66 points, while the Hang Seng Tech Index dropped by 0.74% to 5,782.24 points [1] Blue-Chip Stocks Performance - CSPC Pharmaceutical Group (01093) led the decline among blue-chip stocks, falling by 4.33% to HKD 10.38, with a trading volume of HKD 1.797 billion, contributing a loss of 6.04 points to the Hang Seng Index. Bank of America Securities reported a 14.3% year-on-year decline in total revenue for CSPC in Q2, with attributable net profit down 24% to RMB 1.1 billion. The firm revised its revenue forecasts for 2025 to 2027 down by 25%, 2%, and 11% respectively [2] Sector Highlights - Large technology stocks mostly declined, with Alibaba down 2.57% and Tencent down 0.81%. Gold stocks surged, with China Gold International rising over 10%. Apple is expected to initiate a three-year innovation cycle, boosting related stocks like Lens Technology, which rose over 5%. Gaming stocks and some new consumption concepts performed well, with Melco International Development up over 9% [3][5] Federal Reserve Insights - Federal Reserve Chairman Jerome Powell indicated rising downside risks in the U.S. labor market, suggesting a potential policy adjustment could be appropriate. This statement is seen as a strong signal for a possible interest rate cut as early as September. The market reacted positively, particularly for precious metals, with expectations for further increases in gold prices [4] Gaming Sector Performance - The gaming sector continued its upward trend, with Melco International Development rising 9.27% to HKD 5.54. According to JPMorgan, Macau's gaming revenue for the first 24 days of August reached MOP 17.65 billion, with a daily average of MOP 735 million, reflecting a 9% increase from the previous week [6] Pharmaceutical Sector Challenges - The pharmaceutical sector faced pressure, with several stocks declining. Notably, CStone Pharmaceuticals (09966) fell 6.74% to HKD 10.24. U.S. President Trump's announcement to drastically reduce drug prices could create significant challenges for the global pharmaceutical industry, presenting both opportunities and risks for Chinese biotech stocks [6] Notable Stock Movements - Double Ended Co. (06960) debuted with a 31.29% increase, closing at HKD 19.05. The company focuses on energy storage solutions in the data and communication sectors, with a projected market share of 11.1% by 2024 [7] - Kingsoft Holdings (03918) reached a new high, rising 17.94% to HKD 5.72, reporting a 16.76% year-on-year revenue increase to USD 342 million [8] - Angelalign Technology (06699) saw a 10.28% increase to HKD 75.1, with a 33.1% year-on-year revenue growth reported [9] - Meitu Inc. (01357) rose 7.9% to HKD 11.47 after being included in the MSCI China Index, with Morgan Stanley expressing confidence in its long-term growth potential [10] - Xintai Medical (02291) experienced a significant drop of 12.75% to HKD 23.96 following a major shareholder's sale of shares [11]

| 指数 | 最新 | 涨跌幅 | | --- | --- | --- | | 相生指数 | 25524.92 | -1.18% | | 国企指数 | 9148.66 | -1.07% | | 红筹指数 | 4343.85 | -1.02% | 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 每经AI快讯：北京时间8月26日16:00，恒生指数收盘下跌304.99点，跌幅为1.18%，报收25524.92点；国 企指数收盘下跌99.34点，跌幅为1.07%，报收9148.66点；红筹指数收盘下跌44.65点，跌幅为1.02%，报 收4343.85点。南向资金当日净流入165.73亿港元。东方甄选跌超11%，蔚来、君实生物跌超6%，中兴 通讯跌近6%，碧桂园跌超5%；中国黄金国际涨超10%，灵宝黄金涨超9%。 （记者 胡玲） ...