单位 变动幅度 涨跌 老庙黄金价格 1075 元/克 11 9月18日国内黄金市场动态：国内品牌金店金价稍有下跌，整体价格还是很高。其中，周生生黄金下跌 14元/克，报价1078元/克，与多家金店并列为最高价金店。上海中国黄金继续稳定，报价999元/克，还 是最低价金店。今日的金店高低价差缩小至79元。 具体各大品牌金店最新价格见下表格： 今日金价 跌 六福黄金价格 1078 元/克 9 跌 周大福黄金价格 1078 元/克 9 跌 10 跌 今日金店黄金价格一览（2025年9月18日） 金店报价 金至尊黄金价格 1078 元/克 9 跌 周六福黄金价格 1038 元/克 老凤祥黄金价格 1076 元/克 10 跌 潮宏基黄金价格 1078 元/克 9 跌 14 跌 菜百黄金价格 1045 元/克 周生生黄金价格 1078 元/克 平 0 上海中国黄金价格 999 元/克 0 平 今日黄金价格大跌，铂金价格也是一样。还是周生生黄金，今日铂金饰品价格大跌了11元/克，报价552 元/克。如果还想了解其他品牌铂金报价？欢迎留言告诉我们！我们将及时汇总更新，帮您掌握最新行 情。 此外，今日的黄金回收价下跌5.1元/ ...

Group 1: Oil Market - International oil prices experienced a slight increase due to concerns over geopolitical risks potentially disrupting global oil supply, with light crude oil futures for October closing at $63.30 per barrel, up 0.97%, and Brent crude for November at $67.44 per barrel, up 0.67% [3] Group 2: Gold Market - International gold prices surpassed the $3700 per ounce mark, reaching a historic high, driven by favorable economic and geopolitical conditions that support expectations for Federal Reserve rate cuts, with COMEX gold rising nearly 1% to $3720 per ounce [5] - Domestic gold jewelry prices also increased, with brands like Chow Tai Fook and Lao Feng Xiang reaching their highest prices of the year, with prices for gold jewelry at 1091 RMB per gram for Chow Tai Fook, 1087 RMB for Lao Miao, and 1086 RMB for Lao Feng Xiang, reflecting daily increases of 17 RMB, 13 RMB, and 12 RMB respectively [7]

Group 1 - The core viewpoint of the article highlights the target price increases for several listed companies, with notable gains for Haier Biomedical, Sanlian Hongpu, and Laofengxiang, showing increases of 32.81%, 32.56%, and 30.70% respectively, across the medical device, professional engineering, and jewelry sectors [1] - On September 17, a total of 67 listed companies received broker recommendations, with Longbai Group, Sanhua Intelligent Control, and Hengsheng Silicon Industry each receiving 2 recommendations [1] - There were 3 instances of rating upgrades on September 17, including Huazhang Securities upgrading Dinglong Co., Ltd. from "Hold" to "Buy", Bohai Securities upgrading Hengrui Medicine from "Hold" to "Buy", and Huatai Financial Holdings (Hong Kong) upgrading Dongwei Semiconductor from "Hold" to "Buy" [1] Group 2 - On September 17, brokers initiated coverage on 7 companies for the first time, with Zhongfu Industrial and COFCO Sugar both receiving "Hold" ratings from Zhongyuan Securities, Shanshui Technology receiving a "Buy" rating from Northeast Securities, Hengrui Medicine receiving a "Buy" rating from Bohai Securities, and Kaipu Cloud receiving a "Buy" rating from Zheshang Securities [1]

Group 1 - The core viewpoint of the article highlights the significant target price increases for certain listed companies, with Haier Biomedical, Sanlian Hongpu, and Laofengxiang leading the rankings with target price increases of 32.81%, 32.56%, and 30.70% respectively, indicating strong bullish sentiment in the medical device, professional engineering, and jewelry sectors [1] - On September 17, a total of 29 target price adjustments were made by brokerages, reflecting active market engagement and potential investment opportunities [1] - Seven companies received initial coverage from brokerages on the same day, with Zhongfu Industrial and COFCO Sugar both rated "Buy" by Zhongyuan Securities, indicating positive outlooks for these firms [1] Group 2 - Shanshui Technology received a "Buy" rating from Dongbei Securities, suggesting confidence in its growth potential [1] - Heng Rui Pharmaceutical was rated "Buy" by Bohai Securities, reflecting optimism in the pharmaceutical sector [1] - Kaipu Cloud was also rated "Buy" by Zheshang Securities, indicating a favorable view on its market prospects [1]

Core Insights - The jewelry sector experienced a decline of 0.79% on September 17, with Mankalon leading the drop [1] - The Shanghai Composite Index closed at 3876.34, up 0.37%, while the Shenzhen Component Index closed at 13215.46, up 1.16% [1] Market Performance - Key stocks in the jewelry sector showed mixed performance, with Xinhua Jin rising by 10.08% to a closing price of 6.66, while Mankalon fell by 3.93% to 21.04 [1][2] - The trading volume for Xinhua Jin was 658,900 shares, with a transaction value of 422 million yuan [1] Capital Flow - The jewelry sector saw a net outflow of 180 million yuan from institutional investors, while retail investors had a net inflow of 191 million yuan [2] - The detailed capital flow for specific stocks indicated that Xinhua Jin had a net inflow of 9.2961 million yuan from institutional investors, while Mankalon experienced a net outflow of 14.7123 million yuan [3]

Investment Rating - The report maintains a "Strong Buy" rating for the company with a target price of 69.61 CNY [2][8] Core Views - The company experienced revenue and profit declines in H1 2025 due to high gold prices and a high base from the previous year, with revenue down 16.5% year-on-year to 33.36 billion CNY and net profit down 13.1% to 1.22 billion CNY [2][8] - The company is actively adjusting its product offerings and channels, focusing on quality over quantity, with a net increase of 9 marketing outlets in Q2 2025 [8] - The company launched new products targeting younger consumers and is collaborating with Alibaba to develop co-branded products [8] Financial Summary - For H1 2025, the company reported a gross margin of 8.7%, a decrease of 0.5 percentage points year-on-year, attributed to high gold prices affecting consumer demand [8] - The company’s operating expenses remained stable, with sales, management, and financial expense ratios at 1.3%, 0.6%, and 0.3% respectively [8] - The projected net profits for 2025-2027 are 16.6 billion CNY, 18.3 billion CNY, and 20.2 billion CNY respectively, with corresponding P/E ratios of 17, 15, and 14 [8][9]

Core Viewpoint - International gold prices have reached new highs, with spot gold nearing $3,690 per ounce, marking a significant milestone in the market [1][3]. Group 1: Gold Price Movements - Spot gold prices increased by 0.44%, reaching $3,677.2 per ounce, while COMEX gold futures peaked at $3,728, setting a historical record [3]. - Domestic gold jewelry prices have also surged, with brands like Chow Sang Sang and Lao Feng Xiang hitting their highest prices of the year at 1,091 RMB per gram and 1,086 RMB per gram, respectively [4][5]. Group 2: Market Predictions - JPMorgan's report indicates that gold typically performs strongly during Federal Reserve rate-cutting cycles, with average returns often exceeding double digits within nine months of rate cuts [5]. - The bank forecasts that gold prices could average $3,800 per ounce in Q4 of this year and potentially exceed $4,000 per ounce in Q1 of next year, with a scenario predicting prices could surpass $5,000 per ounce if concerns about the Fed's independence escalate [5]. Group 3: Consumer Sentiment - Consumer reactions to rising gold prices reflect a mix of regret for not investing earlier and optimism about continued price increases, with sentiments suggesting that gold prices may only continue to rise [5].

Market Overview - The jewelry sector experienced a decline of 0.21% on September 16, with Lao Fengxiang leading the drop [1] - The Shanghai Composite Index closed at 3861.87, up 0.04%, while the Shenzhen Component Index closed at 13063.97, up 0.45% [1] Individual Stock Performance - Xinhua Jin (600735) saw a significant increase of 10.00%, closing at 6.05 with a trading volume of 398,100 shares and a turnover of 232 million [1] - Feiya (000026) rose by 5.49%, closing at 17.88 with a trading volume of 175,500 shares and a turnover of 309 million [1] - Lao Fengxiang (600612) declined by 3.50%, closing at 53.25 with a trading volume of 104,900 shares and a turnover of 559 million [2] - Zhou Dazheng (002867) decreased by 0.92%, closing at 66.61 with a trading volume of 78,700 shares and a turnover of 110 million [2] Capital Flow Analysis - The jewelry sector experienced a net outflow of 34.41 million from institutional investors and 66.09 million from retail investors, while there was a net inflow of 100 million from individual investors [2] - Xinhua Jin had a net outflow of 57.15 million from institutional investors, while retail investors contributed a net inflow of 34.10 million [3] - Lao Fengxiang had a net inflow of 35.45 million from institutional investors, but retail investors saw a net outflow of 18.26 million [3]

Group 1 - International gold prices have reached a new high, surpassing $3,690 per ounce, driven by multiple factors [1] - The latest surge in gold prices began on August 20, with a cumulative increase of over 40% this year [5] - Factors contributing to the rise include expectations of interest rate cuts by the Federal Reserve, a weakening dollar, increased gold purchases by global central banks, and heightened geopolitical uncertainties [5] Group 2 - Domestic gold jewelry prices have also risen, with brands like Chow Sang Sang and Lao Feng Xiang reaching their highest prices of the year [3] - On September 16, Chow Sang Sang's gold price was 1,091 yuan per gram, up 17 yuan from the previous day, while Lao Miao's price was 1,087 yuan per gram, up 13 yuan [3][4] - Other brands such as Chow Tai Fook and Liufuk also saw price increases, with their gold priced at 1,087 yuan per gram, reflecting a daily increase of 9 yuan [3][4] Group 3 - Goldman Sachs predicts that gold could reach $4,000 per ounce within the next 12 months, emphasizing a long-term trend of diversification among global investors [5] - The analysis indicates that the weak U.S. job market, particularly the non-farm payrolls falling short of expectations, further supports the outlook for interest rate cuts [5]

Group 1 - The core point of the news is the significant rise in international gold prices, with COMEX gold futures reaching a historical high of $3724.9 per ounce on September 15, 2023, and closing at $3719.5, marking a year-to-date increase of over 40% [1][4] - Domestic gold jewelry prices have also increased, with brands like Chow Sang Sang reporting a price of 1091 RMB per gram for gold jewelry [2][3] - The rise in gold prices is driven by multiple factors, including market expectations of an upcoming Federal Reserve interest rate cut, increasing global geopolitical uncertainties, and central banks' continued gold purchases [4] Group 2 - The Federal Reserve is expected to announce a rate cut in its upcoming meeting, with a 100% probability of a cut in September, and a 96.4% chance of a 25 basis point reduction [4] - Geopolitical tensions are rising, particularly between Venezuela and the U.S., and Ukraine's focus on defense and stability in its budget [4] - Central banks are increasing their gold reserves, with the World Gold Council reporting a 166-ton increase in global official gold reserves in Q2 2025, maintaining historical highs [4] Group 3 - There has been a notable recovery in gold ETF investment demand, with a net increase of 473.1 tons in 2025, marking the first annual net inflow since 2021 [5] - Several institutions have raised their gold price forecasts, with Goldman Sachs predicting a potential rise to $4000 per ounce by mid-2026 under baseline scenarios, and up to $5000 per ounce if 1% of U.S. Treasury holdings flow into gold [5]