SD-GOLD(SH:600547) 21世纪经济报道·2025-03-28 10:29Core Viewpoint - The article highlights the significant rise in gold prices, with spot gold reaching a historical high of $3080 per ounce, marking a year-to-date increase of over 17% [1][2]. Gold Market Performance - As of 14:40, COMEX gold increased by 0.66% to $3111.2 per ounce, while London spot gold rose by 0.55% to $3072.5 per ounce, both achieving historical highs [2]. - Domestic gold futures saw the Shanghai gold main contract rise nearly 2%, continuing to set historical highs [4]. - A-share gold concept stocks surged, with companies like Western Gold and Hengxing Technology hitting the daily limit, while others like Sichuan Gold and Chifeng Gold also saw significant gains [6]. Stock Performance - Notable stock performances include: - Hengxing Technology (002132.SZ) at 3.50 CNY, up 10.06% - Western Gold (601069.SH) at 15.31 CNY, up 9.99% - Sichuan Gold (001337.SZ) at 23.84 CNY, up 6.67% [7]. Company Earnings - Shandong Gold (600547.SH) reported a revenue of 82.518 billion CNY for 2024, a year-on-year increase of 39.21%, with net profit attributable to shareholders at 2.952 billion CNY, up 26.80% [6]. Gold Jewelry Prices - As of March 28, gold jewelry prices rose to 934 CNY per gram, an increase of 11 CNY per gram from the previous day [11]. - Major brands like Chow Tai Fook and Lao Feng Xiang reported prices of 932 CNY to 934 CNY per gram [12]. Investment Trends - Domestic banks have raised the minimum investment threshold for gold accumulation, with the highest starting point now at 800 CNY [9]. - Several overseas institutions have raised their gold price forecasts, with Goldman Sachs increasing its 2025 year-end gold price prediction from $3100 to $3300 per ounce, citing stronger-than-expected demand from central banks [15]. Future Price Predictions - Analysts suggest optimistic scenarios where gold prices could exceed $3800 per ounce, with neutral scenarios around $3200, and pessimistic scenarios ranging from $2600 to $2700 [17]. - The current bull market in gold is driven by non-economic factors, including declining trust between nations and a restructuring of the international order [18].