来源：金十 正当市场喜迎金价触及曾被视为不可思议的每盎司5000美元关口时，美国银行（Bank of America）已将 其近期黄金目标价上调至每盎司6000美元——这是所有主要机构中对黄金最为激进的预测。 "历史虽不能完全预示未来，但过去四轮牛市中金价的平均涨幅约为43个月内上涨300%，这暗示着黄金 将在2026年春季达到每盎司6000美元，"美国银行分析师迈克尔·哈特尼特（Michael Hartnett）在给客户 的一份报告中写道。 他预测金价将在今年春季达到每盎司6000美元，这将使金价比目前的历史高位再高出20%以上。 1月5日，美国银行金属研究主管迈克尔·威德默（Michael Widmer）曾表示，黄金今年仍将是投资者投 资组合中的关键资产。 "黄金作为对冲工具和阿尔法收益来源的地位依然突出，"威德默写道。美国银行认为，趋紧的市场状况 和强劲的盈利敏感性使黄金成为2026年的关键对冲工具和潜在回报驱动力。 美国银行的2026年展望基于其对黄金行业供应下降和成本上升的预测。威德默预计北美13家主要金矿商 今年将生产1920万盎司黄金，比2025年下降2%，并补充说大多数市场对产量的预测过于乐观 ...

Group 1 - China Aluminum International (02068) saw a mid-day increase of over 2.4% after announcing a joint venture to undertake a new electrolytic aluminum project with an annual capacity of 394,000 tons, with the first phase set at 294,000 tons [1] - CGN Mining (01164) rose over 8.3% following the submission of a preliminary prospectus for a trust that plans to issue up to $2 billion in transferable, non-redeemable trust shares over 25 months, with annual uranium procurement not exceeding 9 million pounds [1] - China Shengmu Organic Milk (01432) increased nearly 6% after a joint announcement regarding a potential conditional cash offer to acquire all issued shares of the company [1] Group 2 - Yijun Group Holdings (02442) surged over 18%, with a cumulative increase of nearly 500% since its resumption of trading in December, following the sale of shares by its controlling shareholder [2] - China Rare Earth Holdings (03788) rose over 10%, reaching a historical high of 5.49 HKD, after announcing the termination of its gold spin-off plan to focus on gold business [2] - Laopuqin Gold (06181) increased over 7.3% as consumer demand is expected to rise during the upcoming Spring Festival, driven by higher gold prices and anticipated price increases [2] Group 3 - Oil stocks continued to rise, with CNOOC (02883) up 4.19%, Sinopec (00386) up 2.54%, and PetroChina (00857) up 3.68%, amid escalating geopolitical tensions in Iran and Cuba [3] - Changfei Optical Fiber (06869) saw a rise of over 15.4% due to significant price increases and supply tightness in the G.652.D optical fiber market, with major manufacturers unable to meet their own orders [3] Group 4 - Nanshan Aluminum International (02610) increased over 2.6% after announcing plans to start construction on a 250,000-ton electrolytic aluminum project in 2026, with an investment of $437 million [4] - Xindong Company (02400) saw a slight increase of 0.43% as its mobile game "Xindong Town" surpassed 10 million downloads, indicating strong user growth [4] Group 5 - EquipmentShare.com (EQPT.US) debuted on the US stock market with an IPO price of $24.5, closing up 32.9% on its first day [5] - The solar energy sector saw initial gains, with JinkoSolar (JKS.US) up 9.03% and Canadian Solar (CSIQ.US) up 4.57%, following discussions at the Davos Forum [5] - Silver-related stocks experienced gains, with First Majestic Silver (AG.US) rising 5.04% as spot silver prices surpassed $100 [5] Group 6 - Lithium mining stocks mostly rose, with Sigma Lithium (SGML.US) up 17.54% after announcing additional sales of high-purity lithium powder [6] - Bank stocks declined, with Goldman Sachs (GS.US) down 3.75% amid legal issues involving President Trump and JPMorgan [6] - Redwire (RDW.US) increased by 4.51% following comments from Elon Musk about SpaceX's plans for reusable rocket technology [6] Group 7 - Semiconductor stocks showed strength, with AMD (AMD.US) up 2.35% and Nvidia (NVDA.US) up 1.53%, as Nvidia's CEO visited China to discuss future plans [7] - Ericsson (ERIC.US) rose 8.87% after reporting strong fourth-quarter earnings, with adjusted EBITA reaching 12.7 billion SEK, a 24% increase year-over-year [8] - Intel (INTC.US) fell 17.03% due to disappointing performance outlooks and manufacturing issues [8]

Accessible version The Flow Show Long Detroit, short Davos Scores on the Doors: gold 14.4%, commodities 5.2%, international stocks 4.5%, oil 4.1%, bitcoin 2.5%, US stocks 1.0%, HY bonds 0.7%, IG bonds 0.4%, cash 0.2%, US$ 0.0%, govt bonds -0.3% YTD. Zeitgeist: "Thankfully for my portfolio he's got no intention of improving the affordability of equities"…private client. The Price is Right: 3 months following seven nominations for Fed Chair since 1970 (Burns, Miller, Volcker, Greenspan, Bernanke, Yellen, Powe ...

本报记者 杨洁 1月23日，银行业理财登记托管中心发布《中国银行业理财市场年度报告（2025年）》（以下简称《报告》）显示，截至 2025年末，银行理财市场存续规模33.29万亿元，较年初增长11.15%，全年累计新发理财产品3.34万只，募集资金76.33万亿 元；持有理财产品的投资者数量达1.43亿个，较年初增长14.37%；全年为投资者创造收益7303亿元。 按投资性质划分，截至2025年末，固定收益类产品存续规模为32.32万亿元，占全部理财产品存续规模的比例达97.09%， 较年初减少0.24个百分点；混合类产品存续规模为0.87万亿元，占比为2.61%，较年初增加0.17个百分点；权益类产品和商品及 金融衍生品类产品的存续规模相对较小，分别为0.08万亿元和0.02万亿元。 投资者延续增长态势 2025年，理财产品投资者数量维持增长态势。《报告》显示，截至2025年末，持有理财产品的投资者数量达1.43亿个，较 年初增长14.37%。其中，个人投资者数量较年初新增1769万个；机构投资者数量较年初新增31万个。 接受《证券日报》记者采访的业内人士表示，预计2026年理财市场规模将稳中有升，理财机构 ...

据中经社企业外债风险监测系统显示，本轮华尔街发债潮中，发行规模最大的高盛集团此次发行的债券 分为六档，期限跨度从3年至21年不等，既能满足短期流动性补充需求，也能锁定长期稳定资金，兼顾 灵活性与确定性。盈透证券最新研报指出，这种多期限搭配的策略，既能吸引追求稳健收益的短期投资 者，也能打动保险公司、养老基金等长期配置型机构，为债券顺利发行提供保障。 在美联储持续降息、借贷成本下降的背景下，美国华尔街大型银行正密集启动债券融资计划。业内人士 指出，受人工智能（AI）投资相关的融资需求推动，2026年美国公司债券市场将迎来新一轮发行潮， 全年发行总量预计将达到约2.5万亿美元，但巨额融资也引发了市场对于债务可持续性的担忧。 华尔街大行密集发债 据多家投行及信用评级机构披露，华尔街六大银行在近期公布2025年第四季度财报后迅速启动了债券融 资计划。巴克莱银行最新预测显示，2026年这六家银行在全球范围内发行的高评级债券总额或将达到 1880亿美元，同比增长约7%。 华尔街六大银行通常指美国六家最具重要性的综合性商业银行与投行集团，分别是摩根大通、美国银 行、花旗集团、富国银行、高盛集团和摩根士丹利。2025年，这六 ...

Core Viewpoint - Bank of America indicates a significant shift in market dynamics, suggesting that the traditional safe-haven role of bonds has failed, leading to a re-evaluation of investment strategies [1][4]. Group 1: Bond Market Analysis - The chief equity strategist at Bank of America, Michael Hartnett, describes the first half of the 2020s as a period of "bond-market humiliation," with long-duration government bonds experiencing unprecedented losses [1][5]. - The iShares 20+ Year Treasury Bond ETF, representing long-duration bonds, lost 31% in 2022, marking one of its worst years, with a maximum drawdown of nearly -47.8% from its peak in 2020 through late 2025 [2]. Group 2: Investment Shifts - Hartnett anticipates that the latter half of the decade will favor international stocks, emerging markets, commodities, and gold, driven by a weaker dollar and overseas reflation [3][5]. - The U.S. Dollar Index has decreased by 9% over the past year and nearly 2% in the last five days, indicating a trend that may benefit international investments [6]. Group 3: Market Leadership Changes - Bank of America warns that the traditional market playbook is failing, suggesting that investors need to adapt to a new foundation for their portfolios as bonds lose their safe-haven status [4]. - The focus may shift from AI stocks, which have dominated attention recently, to small- and mid-cap stocks due to trends in reshoring and industrial rebuilding [3].

分析人士同时警告，鉴于白银价格的波动性，这波上涨行情伴随一定风险。 纽约商品交易所黄金期货市场交投最活跃的2月黄金期货价格隔夜也创历史新高，一度突破每盎司4990 美元，距离每盎司5000美元历史性关口仅几步之遥。美国银行已将近期黄金目标价上调至每盎司6000美 元，在主要机构中，其对黄金价格的预测最为激进。 来源 新华社 据新华社消息，受持续避险需求及技术性买盘推动，美国纽约商品交易所白银期货价格、伦敦白银现货 价格23日双双突破每盎司100美元，再创历史新高，2026年上涨幅度均已超过40%。 金属行业媒体金拓新闻网站报道，在全球面临极端地缘政治和经济不确定性的背景下，白银价格目前处 于高位。由于黄金价格高昂，白银成为投资者抓住贵金属繁荣机遇的便捷方式。此外，工业领域需求增 加、散户投资者的"害怕错过"情绪、避险吸引力以及结构性供应缺口仍将推动白银价格上涨。展望未 来，2026年白银价格可能达到每盎司120美元的目标价位。 ...

Group 1 - The article discusses the performance and outlook of Bank of America, highlighting its strategic initiatives and market positioning [1][3] - It emphasizes the bank's focus on digital transformation and enhancing customer experience through technology [1] - The report indicates that Bank of America has seen a significant increase in its digital banking users, with over 40 million active users reported [1] Group 2 - The article mentions the bank's financial results, showcasing a year-over-year increase in net income by 10% to reach $27 billion [1] - It also notes that the bank's total assets have grown to $3 trillion, reflecting its robust growth strategy [1] - The report highlights the bank's commitment to sustainable finance, aiming to allocate $1 trillion towards sustainable projects by 2030 [1]

智通财经APP获悉，周五，银行股股价走低，截至发稿，高盛(GS.US)跌超3%，创两个月来最大盘中跌 幅；摩根大通(JPM.US)跌超1.3%，摩根士丹利(MS.US)跌超1.6%，美国银行(BAC.US)、花旗(C.US)跌超 1%。消息面上，美国总统特朗普起诉摩根大通及其首席执行官戴蒙，指控这家美国最大银行因其政治 立场非法"去银行化"他的业务，并将其列入行业"黑名单"，阻止其获得其他贷款机构服务。 ...

（来源：吴说） 1.美国 SEC 主席 Paul Atkins：SEC 与 CFTC 将于下周联合讨论加密监管协调 美国 SEC 主席 Paul Atkins 表示，将于下周与 CFTC 主席 Mike Selig 出席 SEC 与 CFTC 联合举办的公开 活动，讨论两大监管机构在加密领域的监管协调问题。Atkins 称，双方将共同推进落实特朗普总统"将 美国打造为全球加密之都"的承诺。该活动将在 CFTC 总部举行，并向公众开放、同步线上直播。 2.Binance 已向希腊提交 MiCA 牌照申请 Binance 已向希腊提交 MiCA 牌照申请，并与当地监管机构 HCMC 合作推进合规。此前法国监管机构 指出，Binance 仍未在法国取得 MiCA 牌照，相关过渡期将于 6 月 30 日结束，未合规平台需在 7 月停 止运营。目前希腊尚未发放任何 MiCA 牌照。 3.彭博社：瑞银集团正计划向部分私人银行客户提供加密货币交易服务 瑞银集团（UBS）正计划向部分私人银行客户提供加密货币交易服务。UBS 正在遴选相关合作伙伴， 相关讨论已持续数月，但尚未就具体方案作出最终决定。截至 2025 年 9 月， ...