Industry Overview - The precious metals mining sector is positioned to benefit directly from rising gold and silver prices, which will enhance product sales revenue and increase business profit margins for leading companies with strong resource reserves and production capacity [2][3] - The precious metals smelting and processing sector is expected to see increased operational rates and order volumes during price uptrends, with a strong certainty of performance growth due to the expansion of smelting margins and the impact of rising raw material prices [2] - The gold and jewelry retail sector is experiencing heightened consumer demand for precious metals as a store of value, allowing leading retail brands to effectively pass on raw material cost pressures through product price increases, benefiting from the trend of gold consumption upgrades [2] - The photovoltaic and new energy application sector is witnessing a surge in demand for silver as a key raw material, with businesses in this field poised for growth opportunities amid an expanding supply-demand gap for silver [2] Company Insights - Western Gold is a modern gold mining and processing enterprise in Western China, ranking among the top ten in national gold production, with a mature integrated production system that will see profit margins increase with rising gold prices [3] - Shengda Resources is a leading domestic silver mining company with nearly 10,000 tons of silver reserves, focusing on the mining and sales of precious and non-ferrous metals, where fluctuations in silver prices significantly impact its performance [3] - Lao Feng Xiang is a leading domestic gold jewelry retail brand with a rich history and market recognition, capable of flexibly adjusting product prices to address rising raw material costs, thus benefiting from increased consumer demand for gold [3] - Xingye Silver Tin operates Asia's largest silver mine with over 24,500 tons of silver reserves and has developed a synergistic business model in silver and tin mining, providing ample performance elasticity during periods of rising silver prices [3] - Yuguang Gold Lead is one of China's largest silver production bases, with significant annual silver production capacity and a unique recovery process that positions it to benefit from the ongoing optimization of the industry supply-demand landscape [3]

1月19日，现货黄金一度站上4690美元/盎司，创历史新高。国内黄金饰品价格对比显示，多家黄金珠宝品牌公布的境内足金首饰价格大涨： 来源：第一财经 马斯克，索赔1340亿美元 老凤祥报价1456元/克； 老庙黄金报价1459元/克； 周生生报价1451元/克； 周大福报价1455元/克。 ■ i 更多财经资讯等你来看 往期推荐 机器人将再度登上央视春晚！ N # 啊 _ | 关注" 新华网财经 "视频号 ...

Core Viewpoint - The international gold market experienced a significant surge on January 19, with spot gold reaching a historical high of $4690 per ounce, marking a daily increase of over 2% [1]. Price Movements - As of January 19, 10:45 AM, spot gold was priced at $4659 per ounce, while COMEX gold futures were at $4667 per ounce, maintaining a position in the historical high range [1]. - The current prices and changes for gold and silver are as follows: - London Gold: $4658.996, up $63.481 (1.38%), year-to-date increase of 7.89% [2] - London Silver: $92.817, up $2.683 (2.98%), year-to-date increase of 29.67% [2] - COMEX Gold: $4667.1, up $71.7 (1.56%), year-to-date increase of 7.73% [2] - COMEX Silver: $93.125, up $4.588 (5.18%), year-to-date increase of 31.20% [2] Domestic Market Response - The surge in international gold prices has led to domestic gold jewelry brands adjusting their prices to historical highs. Notable price changes include: - Lao Miao Gold: 1459 CNY/gram, up 24 CNY/gram from the previous day - Lao Feng Xiang: 1456 CNY/gram, up 20 CNY/gram - Chow Tai Fook: 1455 CNY/gram, up 19 CNY/gram - Chow Sang Sang: 1451 CNY/gram, up 15 CNY/gram - Liufu Jewelry and King of Gold: 1453 CNY/gram, up 19 CNY/gram [3]. Market Drivers - The recent price increase is attributed to a combination of short-term geopolitical risks and long-term macroeconomic expectations. Reports indicate that former U.S. President Trump announced plans to impose tariffs on eight European countries starting February 1, which may heighten geopolitical tensions and influence precious metal price volatility [4]. - Analysis from CITIC Futures suggests that the geopolitical tensions and the potential for further tariffs could lead to continued fluctuations in gold prices. Additionally, the appointment of a new Federal Reserve chair and ongoing investigations into Powell may drive "devaluation trades," enhancing gold's monetary attributes [4]. - A deeper analysis from Anyang Futures indicates that the core driving logic in the gold market is the interplay between "delayed policy easing expectations" and "persistent inflation realities." Market expectations for interest rate cuts by major central banks, particularly the Federal Reserve, contrast with sticky inflation data that limits rapid shifts to easing [5]. - The ongoing gold purchasing behavior by central banks, including the People's Bank of China, provides long-term structural support for gold prices. In the short term, gold prices are expected to remain strong amid fluctuating monetary policy expectations and U.S. dollar exchange rate movements [5].

周 大 福 SINCE 1929 今日金价 更新于2026年01月19日 09:46:55 1月19日，现货黄金一度站上4690美元/盎司，创历史新高。国内黄金饰品价格对比显示，多家黄金珠宝品牌公布的境内足金首饰价格大涨： 老凤祥报价1456元/克； 老庙黄金报价1459元/克； 周生生报价1451元/克； 周大福报价1455元/克。 | 5 | 1 | 0 | | | | | --- | --- | --- | --- | --- | --- | | 1 | 11 | 1 | . | 1 | . | 今日金价 名称 价格 (人民币/克) 足金饰品 1459.00 θ金饰品 860.00 工艺金条 1285.00 2026年01月19日 1011元/克 黄金回收服务金价 下载财联社APP获取更多资讯 准确 快速 权威 专业 7x24h电报 头条新闻 VIP资讯 实时盯盘 キ 零售金价 活要 1455元/克 ( 饰品、工艺品类 ) 1276元/克 工艺金章金条类 黄金增值服务 黄金增值服务金价 1236元/克 ( 金条、金章不作增值服务) 黄金回收服务 ...

Core Viewpoint - The article provides an update on the current prices of physical gold in China, indicating stability in the market with slight variations among different retailers and banks [1] Group 1: Retail Gold Prices - Chow Tai Fook and Chow Sang Sang are both offering 24K gold at 1436 CNY per gram, remaining unchanged [1] - Lao Feng Xiang is pricing its gold at 1434 CNY per gram, while Chow Sheng Sheng is at 1431 CNY per gram, showing minor price differences among retailers [1] Group 2: Bank Investment Gold Bars - The prices for investment gold bars at major banks are as follows: China Construction Bank at 1046.3 CNY per gram, Industrial and Commercial Bank of China at 1049.13 CNY per gram, and Bank of China at 1041.78 CNY per gram [1]

证券之星消息，1月14日饰品板块较上一交易日上涨0.76%，明牌珠宝领涨。当日上证指数报收于 4126.09，下跌0.31%。深证成指报收于14248.6，上涨0.56%。饰品板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 000017 | 深中华A | 7.90 | -1.86% | 23.53万 | 1.87亿 | | 600612 | 老凤祥 | 45.80 | -1.40% | 3.16万 | 1.45亿 | | 600916 | 中国黄金 | 8.18 | -1.21% | 37.40万 | 3.08亿 | | 002867 | 周大生 | 12.37 | -1.04% | 8.71万 | 1.08亿 | | 600439 | 瑞贝卡 | 2.86 | 0.00% | 26.34万 | 7549.96万 | | 600735 | ST新华锦 | 5.56 | 0.00% | 32.64万 | 1.86亿 | | 605299 | 菜百股份 | 17.32 | 0. ...

Group 1: Market Overview - The gold market is experiencing high demand, with international spot gold prices fluctuating between $1900 and $2000 per ounce, and domestic gold prices showing strong performance [1] - Banks are accelerating the launch of structured deposit products linked to gold, with companies also investing directly and engaging in industry chain layouts, making gold assets a core focus for market funds [1] Group 2: Banking Sector - Several major banks have launched over 30 gold-linked structured deposit products since January 2026, with investment periods ranging from 3 months to 1 year and minimum investment amounts typically set at 50,000 or 100,000 yuan [3] - The products generally offer a structure of "guaranteed return + floating return," with guaranteed rates between 1.5% and 2.5%, and potential maximum returns of 4% to 6% based on gold price fluctuations [3] - The issuance of gold-linked structured deposits increased by 47% year-on-year in 2025, with January 2026's issuance reaching 80% of December 2025's total, indicating rising market acceptance [4] Group 3: Corporate Participation - Over 60 listed companies have announced investments in gold-linked financial products or direct gold asset purchases since 2025, with total funds exceeding 20 billion yuan [5] - Companies are diversifying their participation in the gold market, with some investing in gold ETFs and others focusing on the entire gold industry chain, from mining to processing and sales [6] - Mining companies have increased gold production by 12% and 8% year-on-year in 2025, while jewelry companies have expanded production and recycling operations, benefiting from rising gold prices and recovering consumer demand [6] Group 4: Market Drivers - The rise in the gold market is supported by a combination of global economic conditions, policy directions, and market demand, with expectations of a potential interest rate cut in 2026 and ongoing geopolitical tensions driving safe-haven investments into gold [7] - In China, gold consumption reached 1486 tons in 2025, a 12.3% increase year-on-year, with investment gold consumption growing by 23%, highlighting the asset's appeal as a physical investment [7] Group 5: Long-term Outlook - Analysts suggest that while the gold market may experience short-term fluctuations, long-term factors such as global economic uncertainty and expectations of monetary policy easing will continue to support gold assets as a valuable investment [8] - Companies are advised to align their gold investments with their core business operations to mitigate risks associated with market volatility and operational challenges [8]

来源：@消费者报道微博 【#金饰克价涨到1438元#】#白银突破89美元# 美东时间13日，现货黄金盘中再度刷新历史高位，一度 站上4630美元，随后小幅回落收跌。COMEX黄金期货收跌0.44%报4594.40美元/盎司。白银盘中首次触 及89美元关口。金银比跌至52倍，创2012年12月以来新低。北京时间14日，截至发稿，现货黄金涨超 0.6%报4600美元上方，#白银续创新高#，现货白银涨超2%再度突破89美元关口。国内品牌金饰价格延 续上涨趋势，@中新经纬 查询到，周生生足金饰品报1438元/克，较前一日1432元/克涨6元；老庙黄金 足金饰品报1435元/克，较前一日1427元/克涨8元；老凤祥黄金足金饰品报1436元/克，较前一日1428元/ 克涨8元。 来源：@消费者报道微博 【#金饰克价涨到1438元#】#白银突破89美元# 美东时间13日，现货黄金盘中再度刷新历史高位，一度 站上4630美元，随后小幅回落收跌。COMEX黄金期货收跌0.44%报4594.40美元/盎司。白银盘中首次触 及89美元关口。金银比跌至52倍，创2012年12月以来新低。北京时间14日，截至发稿，现货黄金涨超 0.6 ...

Market Overview - The jewelry sector increased by 0.69% on January 13, with Mingpai Jewelry leading the gains [1] - The Shanghai Composite Index closed at 4138.76, down 0.64%, while the Shenzhen Component Index closed at 14169.4, down 1.37% [1] Individual Stock Performance - Mingpai Jewelry (002574) closed at 6.99, up 10.08% with a trading volume of 487,400 shares and a transaction value of 336 million [1] - Chao Hong Ji (002345) closed at 12.98, up 4.01% with a trading volume of 443,000 shares and a transaction value of 579 million [1] - Mankalon (300945) closed at 17.66, up 1.67% with a trading volume of 191,100 shares and a transaction value of 340 million [1] - Other notable performances include Ying Shen Tong Ling (603900) up 1.57%, Jin Yi Culture (002721) up 1.23%, and Benhua Jewelry (002731) up 0.86% [1] Capital Flow Analysis - The jewelry sector experienced a net outflow of 34.46 million from institutional investors, while retail investors saw a net inflow of 28.50 million [2] - The overall capital flow indicates that retail investors are more active in the sector compared to institutional investors [2] Detailed Capital Flow for Key Stocks - Mingpai Jewelry had a net inflow of 52.62 million from institutional investors, but a net outflow of 34.70 million from retail investors [3] - Mankalon saw a net inflow of 13.14 million from institutional investors, with a net outflow of 20.44 million from retail investors [3] - Jin Yi Culture had a net inflow of 8.88 million from institutional investors, while retail investors experienced a net outflow of 15.44 million [3] - Other stocks like China Gold (600916) and Lao Feng Xiang (600612) also showed mixed capital flows with varying levels of institutional and retail investor activity [3]

Core Insights - The article discusses the emergence of AI toys, particularly highlighting the AI pet robot "mirumi" from Yukai Engineering, which gained significant attention at CES 2026, indicating a shift in the toy industry towards emotional interaction rather than static display [1][3] - Major tech companies like JD.com, ByteDance, and Huawei are recognizing the potential of the AI toy market and are actively investing in this sector [4][6] Industry Trends - The AI toy market is projected to grow at a compound annual growth rate (CAGR) of approximately 14%-16% over the next decade, potentially exceeding $60 billion by 2034 [7] - In China, the AI toy market is expected to surpass 10 billion yuan by 2030, with an annual growth rate exceeding 70% [7] - Traditional toy sales are experiencing a decline, with a reported 0.6% drop in sales in 2024, prompting a shift towards smarter, AI-integrated products [8] Company Developments - JD.com hosted an AI toy conference in July 2025, attracting over 600 manufacturers, and has seen significant sales of AI toys, with products like Fuzozo selling out quickly [4][6] - ByteDance launched its AI companion toy "Xianyan Bag" in 2024, which utilizes advanced AI technologies for interaction, and has seen substantial sales growth in its AIoT products [6] - Huawei's collaboration with Luobo Smart resulted in the launch of the AI emotional companion product "Smart Hanhai," which also sold out rapidly upon release [6] Market Dynamics - The demand for traditional toys is expected to weaken over time, pushing the industry towards increased intelligence and AI integration, which could enhance both volume and pricing [8] - AI toys are gaining traction due to their capabilities in interaction, companionship, and education, appealing to a broader age demographic [8][9] - The market penetration of AI toys is anticipated to increase as the target audience expands from children and teenagers to all age groups [9]