Core Viewpoint - Gold concept stocks opened lower, with notable declines in specific companies such as Xiaocheng Technology, which fell over 6%, and both Chifeng Gold and Sichuan Gold, which dropped over 4% [1] Company Summary - Xiaocheng Technology experienced a decline of more than 6% in its stock price [1] - Chifeng Gold saw a decrease of over 4% [1] - Sichuan Gold also reported a drop exceeding 4% [1] Industry Summary - The overall trend in the gold sector indicates a bearish sentiment, as multiple gold concept stocks are experiencing significant declines [1]

Core Viewpoint - The surge in gold prices has led to a significant increase in the performance of the non-ferrous metal sector ETF (159876), which saw a maximum intraday increase of 2.98% and a closing increase of 1.04% with a trading volume of 41.19 million yuan [1] Group 1: ETF Performance and Market Activity - The non-ferrous metal sector ETF (159876) experienced a net subscription of 13.8 million units today, indicating strong market interest [1] - Over the past 20 days, the ETF has attracted a total of 143 million yuan in investments, with 18.1 million yuan received yesterday alone [1] - Since the recent low point on April 8, the ETF has shown a notable recovery [1] Group 2: Gold Price Drivers - The primary factors contributing to the rise in gold prices include the sustained expectations of interest rate cuts by the Federal Reserve, which may lead to a more stable bull market for gold [1][2] - The anticipated interest rate cuts could increase inflation risks, making gold a more attractive investment compared to the risks of an economic downturn [2] Group 3: Broader Market Implications - The rise in gold prices is expected to positively impact the mining and production activities of other non-ferrous metals such as copper and zinc, thereby influencing their market supply and prices [1][2] - The "anti-involution" policy and the initiation of large-scale infrastructure projects are expected to create significant demand for non-ferrous metals, further supporting price increases [2] - Market expectations for supply-side reforms, similar to those seen in 2015, are anticipated to benefit the non-ferrous metal sector [2]

Core Viewpoint - Recent international gold prices have continued to rise, with COMEX gold futures reaching a record high of $3685.7 per ounce on September 8, and spot gold breaking the $3600 per ounce mark, marking a significant increase this year [2] Group 1: Price Movements - Spot gold has increased by $1000 per ounce this year, representing a year-to-date increase of 38% [2] Group 2: Market Drivers - The current global liquidity environment is expected to support gold prices in the medium term, as non-U.S. central banks have initiated rate cuts ahead of the Federal Reserve, leading to an outflow effect that boosts gold [2] - Recent U.S. inflation data has fallen short of expectations, suggesting that tariff impacts on inflation may not be as significant as previously thought, indicating manageable inflation risks for the U.S. this year [2] Group 3: Future Outlook - Some central banks are likely to follow the Federal Reserve in cutting rates, indicating that the global easing cycle is not yet over, which provides further support for gold prices in the medium term [2]

9月9日，能源金属与贵金属齐涨，有色50ETF（159652）强劲涨超3%，盘中价创上市以来新高，资金再度汹涌增仓有色板块，有色50ETF（159652）盘中获 净申购1400万份，按截至目前成交均价估算，净申购金额超1800万元！近5日有4日获净申购，近20日净申购金额超6亿元！ | 000811 | 细分有色 | man | 3.07% | | --- | --- | --- | --- | | 399395 | 国证有色 | Andrew | 2.94% | | 930708 | 中证有色 | Andrew | 2.80% | | 000819 | 有色金属 | Marsh Lon | 2.78% | | H11059 | 工业有色 | | 2.06% | | IMCI | 上期有色金属指数 | anne | 0.04% | 有色50ETF（159652）标的指数成分股中，黄金股多股涨停，西部黄金、赤峰黄金等10cm涨停，华西有色涨超8%，山东黄金、湖南黄金涨超7%，紫金矿业 涨超4%，洛阳钼业、中国铝业等涨幅居前。 从场内简称为"有色"的上市ETF跟踪指数来看，有色50ETF（159652）标的指数更 ...

每经AI快讯，9月9日，港股黄金股延续涨势，截至发稿，赤峰黄金（06693.HK）涨13.82%、山东黄金 （01787.HK）涨9.50%、灵宝黄金（03330.HK）涨9.15%、潼关黄金（00340.HK）涨8.41%。 ...

今日（9月9日）黄金龙头显著领涨，截至发稿，恒邦股份、四川黄金、西部黄金、赤峰黄金4股涨停！ 山东黄金涨超7%，湖南黄金、白银黄金大幅跟涨。 | 序号 名称 | | 涨跌幅 ▼ | 两日图 | 申万一级行业 | 甲力二级行业 | 甲方三级行业 | 总市值 | 成交额 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 恒邦股份 | 10.02% | | 有色全属 | 温念風 | 黄金 | 169亿 | 4.42 Z | | 2 | 四川黄金 | 10.00% | | 有色合腰 | 慧金属 | 黄金 | 123亿 | 7.03亿 | | 3 | 西部黄金 | 10.00% | | 有色会属 | 農会風 | 黄金 | 282亿 | 14.38亿 | | 4 | 赤峰黄金 | 10.00% | | 有色含履 | 普金属 | 黄金 | 586亿 | 25.34Z | | ਟੋ | 华锡有色 | 8.77% | | 有色合属 | 小金属 | 其他小金属 | 218亿 | 3.72 Z | | e | 山东黄金 | 7.61% | | 有色会属 ...

中信建投证券认为，未来中期看，全球流动性对金价有一定支撑。本轮全球降息周期非美央行先于美联 储降息，全球流动性外溢效应推升黄金。近期美国通胀数据不及预期，关税对通胀压力可能没有市场预 期那么明显，从现实通胀预测指标来看，预计年内美国通胀风险可控。部分央行会跟随美联储降息，因 此全球降息潮尚未结束，金价中期有支撑。 黄金概念9日盘中强势拉升，截至发稿，晓程科技涨超15%，恒邦股份、中国瑞林、西部黄金等涨停， 赤峰黄金涨超9%，四川黄金涨逾6%。 消息面上，近期国际金价持续攀升。9月8日，COMEX黄金期货盘中最高触及3685.7美元/盎司，再创历 史新高。现货黄金突破3600美元/盎司，续创历史新高。今年以来，现货黄金累计大涨1000美元/盎司， 年内涨幅38%。 ...

每经AI快讯，9月9日，港股黄金股持续拉升，赤峰黄金涨超11%，山东黄金涨近7%，中国黄金国际涨 6%。 ...

格隆汇9月9日｜现货黄金迭创新高，黄金股持续走强，其中，西部黄金冲击涨停，晓程科技、赤峰黄金 涨超5%，潮宏基、四川黄金、中金黄金、盛达资源、湖南黄金等跟涨。 消息面上，现货黄金隔夜一度 站上3640美元/盎司关口，再创历史新高，年内累计大涨超1000美元/盎司。 ...

Group 1 - The A-share precious metals sector continues to show strong performance, with Western Gold rising by 6.44% [1] - Zhaojin Gold increased by 3.39%, while other companies like Chifeng Jilong Gold and Hunan Gold also experienced gains [1]