Market Overview - On December 23, the market experienced a pullback after an initial rise, with the three major indices briefly turning negative. The ChiNext Index saw an intraday increase of over 1% [2] - By the market close, the Shanghai Composite Index rose by 0.07%, the Shenzhen Component Index increased by 0.27%, and the ChiNext Index gained 0.41% [2] - In the ETF sector, the Huaxia Gold ETF (518850) closed up by 1.41% [2] Gold Market Insights - On December 23, spot gold prices historically surpassed the 1,000 yuan mark, opening at $4,444.98 per ounce, equivalent to 1,004.8 yuan per gram, and closing at $4,486.49 per ounce, or 1,013.7 yuan per gram [2] - The overall increase in gold prices for the year is nearly 70%, marking the second-highest annual gain since the 1979 oil crisis and the period of high inflation in the U.S. [2] - The Hong Kong government is actively working to establish the region as an international center for gold trading, storage, clearing, and risk management, with the Shanghai Gold Exchange having set up its first offshore warehouse in Hong Kong [2] Economic Factors Influencing Gold Prices - According to Shenwan Hongyuan, the recent weak employment data supports the Federal Reserve's continued interest rate cuts, which, along with expectations of liquidity easing, are boosting precious metal prices. Long-term factors such as the weakening of the dollar's credibility and central bank gold purchases remain supportive of gold's upward trend [2] - Huachuang Securities noted that while U.S. inflation data was better than expected, the reliability of new inflation and employment data may be limited due to the recent government shutdown. The labor market is showing signs of cooling, but demand for gold as a safe-haven asset is expected to persist amid global economic uncertainties [3] - Huaxi Securities highlighted that the Federal Reserve's rate cuts and plans to purchase short-term U.S. Treasury bonds are contributing to a continued loose macroeconomic environment. The accelerating trend of "de-dollarization" globally is driving central banks and investors to continue purchasing gold, benefiting from concerns over debt and currency [3]
现货黄金价格涨破千元大关,黄金ETF华夏收涨1.41%
Sou Hu Cai Jing·2025-12-23 08:21