COMEX黄金主力合约走势图 张大伟 制图 ◎记者 曾庆怡 国际金价再创新高。 Wind数据显示，北京时间9月3日，伦敦现货黄金和COMEX（纽约商品交易所）黄金期货盘中最高价均 刷新纪录，一度分别超过3561美元/盎司和3627美元/盎司，相较年初均上涨超30%。国内金价亦水涨船 高，截至当日收盘，上海黄金交易所现货黄金（Au99.99）和沪金主力合约盘中最高价均超810元/克。 专家认为，近期金价波动主要受美联储降息预期、市场对美联储独立性担忧等因素影响，黄金价格短期 或有震荡，但长期趋势仍向好。 纵览A股黄金矿企发布的2025年半年报，多家公司上半年营收利润同比大幅增长，金价上涨为重要驱动 因素之一。展望下半年，多家黄金矿业上市公司透露了对强化生产管理、加大项目基建和技术改造投入 等"内功"的重视，以期继续"擦亮"业绩。 湖南黄金上半年黄金销售收入占营业收入的94.68%，较去年同期的91.78%增加2.9个百分点。对此，公 司表示，主要原因是产品价格上涨及外购非标金业务收入同比增加。 进一步筑牢"护城河" 中国黄金协会最新统计数据显示，上半年，国内原料产金179.083吨，同比减少0.551吨、下降0 ...

9月3日，A股三大指数涨跌不一，截至收盘，沪指跌1.16%，深成指跌0.65%，创业板指涨0.95%。其中，贵金属板块涨幅居前，西部黄金涨停，招金黄金 涨近7%。 | 代码 名称 | . | 涨幅% | 现价 | | --- | --- | --- | --- | | 601069 西部黄金 | | R 10.00 | 26.51 | | 600697 你 真看 | | 9.97 | 14.12 | | 000506 1 1 1 1 | | 6.93 | 10.49 | | 301177 迪阿股份 | R | 5.56 | 37.80 | | 002715 登云股份 | | 3.48 | 22.60 | | 600173 卧龙新能 | | 3.46 | 6.28 | | 200362 2 296009 | R | 2.41 | 29.70 | | 600489 中金黄金 | R | 2.31 | 18.17 | 受投资者预期美联储本月将降息以及外国央行持续强劲的需求推动，纽约黄金期货价格周二一度突破3600美元，创历史新高。黄金现货价格盘中也飙升至 每盎司3540美元以上的历史高点。 足金首饰单克价格再破10 ...

Market Overview - The non-ferrous metal sector has seen a strong rebound, with the Shenwan Non-Ferrous Metal Index rising by 8.59% over the past two weeks, ranking fifth among 31 primary industries [7] - The market has shown significant structural differentiation, with small metals, precious metals, and new materials performing particularly well, while rare earths, copper, and aluminum have attracted substantial capital [1][2] Precious Metals - Gold and silver prices have strengthened, with COMEX gold closing at $3,516 per ounce, reflecting a year-to-date increase of 31.63%, while silver has risen by 35.88% [1][17] - The demand for gold from global central banks continues to rise, enhancing its financial attributes, leading to increased investment in companies like Shandong Gold, Zhongjin Gold, and Hunan Gold [1][17] Industrial Metals - Copper prices have shown a strong upward trend, with LME copper settling at $9,805 per ton, up 12.89% year-to-date, driven by expectations of increased infrastructure investment and demand from the renewable energy sector [2][23] - Aluminum prices are constrained by production capacity limits, with domestic electrolytic aluminum capacity reaching 44 million tons, while demand from the new energy sector remains robust [2][27] Rare Earths - The rare earth sector has experienced a strong performance, with the rare earth price index rising by 6.39% over the past two weeks and 37.44% year-to-date [2][41] - Recent policy changes have tightened supply controls, benefiting companies like China Rare Earth, Northern Rare Earth, and Shenghe Resources [2][41][55] Small Metals - The small metals sector has seen significant price increases, with black tungsten concentrate prices rising by 24.26% over the past two weeks and 75.52% year-to-date [3][30] - Tin prices have also increased due to raw material shortages and recovering semiconductor demand, benefiting companies like Tin Industry Co., Huaxi Nonferrous Metals, and Xingye Silver Tin [3][31] Energy Metals - The energy metals sector has shown mixed performance, with electrolytic cobalt prices rising by 1.33% over the past two weeks and 86.71% year-to-date, while lithium carbonate prices have decreased by 3.69% in the short term but remain positive year-to-date [3][47][49] - Companies like Zijin Mining, Ganfeng Lithium, and Huayou Cobalt are positioned well across multiple supply chains, benefiting from low inventory and downstream replenishment demand [3][47] Fund Flow and Market Sentiment - The non-ferrous metal ETF has seen record trading volumes, with significant inflows into rare earth and copper sectors, indicating strong market sentiment and recognition of the sector's growth potential [3][56] - The market is shifting towards low-valuation, high-growth segments, with leading companies benefiting from favorable conditions [3][56]

9月3日，A股三大指数涨跌不一，截至收盘，沪指跌1.16%，深成指跌0.65%，创业板指涨0.95%。其中，贵金属板块涨幅居前，西部黄金涨停，招金黄金 涨近7%。 | 代码 名称 | · · 涨幅% | 现价 | | --- | --- | --- | | 601069 西部黄金 | R 10.00 | 26.51 | | 600697 你 集团 | 9.97 | 14.12 | | 000506 招金黄金 | 6.93 | 10.49 | | 301177 迪阿股份 | 5.56 R | 37.80 | | 002715 登云股份 | 3.48 | 22.60 | | 600173 卧龙新能 | 3.46 | 6.28 | | 600362 江西铜北 | 2.41 R | 29.70 | | 600489 中金黄金 | 2.31 - R = | 18.17 | 受投资者预期美联储本月将降息以及外国央行持续强劲的需求推动，纽约黄金期货价格周二一度突破3600美元，创历史新高。黄金现货价格盘中也飙升至 每盎司3540美元以上的历史高点。国内多家黄金珠宝品牌公布的境内足金首饰价格较昨日继续上涨。根据各大品牌9月3 ...

黄金概念股持续活跃，白银有色涨停，西部黄金、中国瑞林、晓程科技、湖南黄金、中金黄金跟涨。 ...

从上半年的业绩来看，黄金矿业上市公司的整体表现同样不俗。山东黄金、西部黄金、晓程科技、招金 黄金等多家公司的净利润实现了翻倍增长。作为矿业龙头的紫金矿业（601899.SH），其上半年实现营 收1677.11亿元，同比增长11.50%，归母净利润更是高达232.92亿元，同比增长54.41%。紫金矿业在报 告期内矿山产金量同比上升16.3%，黄金业务销售收入占上半年营业收入的近半壁江山，毛利占比也达 到了38.6%。 | | | | 2025年上半年黄金矿业上市公司业绩一 | | 一览 | | | --- | --- | --- | --- | --- | --- | --- | | 序号 | 代码 | 名称 | 营业收入(亿元) | | 净利润(亿元) | | | | | | 本期 | 同比增幅 | 本期 | 同比增幅 | | I | 601899. SH | 紫金矿业 | 1677.11 | 11.50% | 232. 92 | 54. 41% | | 2 | 600547. SH | 山东黄金 | 567. 66 | 24.01% | 28. 08 | 102. 98% | | 3 | 002237. ...

Investment Rating - The report maintains a "Buy" rating for the company, indicating an expected relative price increase of over 20% compared to the benchmark index within the next six months [9][15]. Core Insights - The company has shown strong financial performance in the first half of 2025, with a revenue of 35.07 billion yuan, representing a year-on-year growth of approximately 22.9%. The net profit attributable to shareholders reached 2.695 billion yuan, up 54.6% year-on-year [3][4]. - The increase in gold and copper prices has significantly supported the company's profit growth, with the average price of gold rising by 39.21% and copper prices also showing positive trends [4]. - The company is actively enhancing its resource reserves and has made substantial investments in geological exploration, totaling 133.38 million yuan in the first half of 2025 [5]. - A planned acquisition of related assets from the controlling shareholder is expected to boost gold production and enhance future growth potential [6][8]. Financial Performance Summary - In Q2 2025, the company achieved a revenue of 20.208 billion yuan, a year-on-year increase of 31.5%, and a net profit of 1.656 billion yuan, up 72.6% year-on-year [3][4]. - The company produced 9.13 tons of mined gold and 3.81 million tons of mined copper in the first half of 2025, with gold sales increasing by 5.97% [4]. - The projected net profits for 2025-2027 are estimated at 4.864 billion yuan, 6.540 billion yuan, and 7.684 billion yuan, respectively, with corresponding year-on-year growth rates of 43.64%, 34.46%, and 17.49% [9][11].

每日经济新闻消息，3日亚太早盘，现货黄金短线拉升涨0.24%，报3539.25美元/盎司，续刷历史新高。纽 约期金报3604.7美元/盎司，续刷历史新高。 据经济参考报，东方金诚研究发展部副总监瞿瑞分析称，短期来看，国际金价波动性将加大，整体处于高 位运行。一方面，市场对美联储9月降息预期延续，对金价形成一定支撑；另一方面，金价创新高或带来 资金止盈离场，对金价走势造成扰动。 瞿瑞还认为，受到多重因素驱动，国际金价在中长期仍将处于震荡上行通道，"一是政策不确定性及地缘 政治风险使市场避险需求持续存在；二是全球央行黄金配置意愿仍较强；三是市场对美联储降息预期持 续。" 世界黄金协会美洲区CEO兼全球研究负责人安凯近日表示，今年以来，黄金价格已上涨约26%。驱动黄金 价格上涨的因素包括，地缘政治与经济风险、黄金ETF和金条金币的强劲需求，以及央行购金的稳健态 势。 整体来看，黄金在全球投资组合中依然扮演避险和价值储存的核心角色。 原标题：金价又创新高了！投行巨头唱多：3800美元！这只A股3连板 编辑：陈艳琦 责编：王光建 审核：张松涛 多家机构预测，在横盘4个月之后，贵金属有望开启新一轮上涨行情。对于黄金的年底 ...

Group 1 - The top 20 stocks with significant capital inflow as of September 3 include: Yanshan Technology (2.424 billion), Unisplendour (1.400 billion), Sungrow Power (0.539 billion), and others [1] - Yanshan Technology experienced a price increase of 10.04%, with a capital inflow of 2.424 billion [2] - Unisplendour saw a price rise of 6.64% and attracted 1.400 billion in capital [2] Group 2 - Sungrow Power had a price increase of 6.98% with a capital inflow of 0.539 billion [2] - Jishi Media reported a price rise of 9.94% and received 0.466 billion in capital [2] - Heng Rui Medicine experienced a 4.14% increase in price with a capital inflow of 0.417 billion [2] Group 3 - The stock with the highest capital inflow, Yanshan Technology, is categorized under Internet Services [2] - Other notable sectors include Photovoltaic Equipment (Sungrow Power), Cultural Media (Jishi Media), and Chemical Manufacturing (Heng Rui Medicine) [2][3] - The banking sector, represented by Agricultural Bank, saw a slight decline of 0.28% with a capital inflow of 0.170 billion [3]

Core Viewpoint - The article highlights a strong performance in gold and non-ferrous metal stocks, driven by rising gold prices and positive sentiment from Wall Street regarding the continuation of a gold bull market [1] Group 1: Market Performance - As of the report, the gold stock ETF (159562) increased by 2.58%, while the non-ferrous metal ETF fund (516650) rose by 1.03% [1] - Key stocks such as Silver Holdings and Western Gold reached their daily limit, marking a three-day consecutive rise, with other companies like Zhongjin Gold, Chifeng Gold, and Shandong Gold also showing strong performance [1] - The Huaxia Gold ETF (518850) saw an increase of 1.33% [1] Group 2: Fund Flows - The gold stock ETF (159562) experienced a net inflow of 150 million yuan over the past three trading days [1] - The non-ferrous metal ETF fund (516650) recorded a net inflow of 156 million yuan over the last five trading days [1] Group 3: Analyst Predictions - UBS reiterated its forecast that gold prices will reach $3,700 per ounce by June 2026, suggesting a potential rise to $4,000 in the event of worsening geopolitical or economic conditions [1] - Morgan Stanley set a year-end target price for gold at $3,800 per ounce [1] - The report emphasizes the strong negative correlation between gold and the US dollar, indicating that a continued depreciation of the dollar index would benefit dollar-denominated precious metals [1]