记者|杜宇 编辑|何小桃 杜波 校对|段炼 2月25日，黄金、白银，再度拉升！ 2月25日午后，现货黄金价格直线走高。截至发稿，现货黄金涨破5200美元/盎司，涨1.38%。 与此同时，今日A股黄金股普遍上涨。 | | 黄金股ETF | | Ci Q | | --- | --- | --- | --- | | | 2.658 +1.30% | | | | 持仓股 | 资金 | F10 资讯 | 互动 | | 名称 | 持仓占比 ÷ | 最新 = | 涨幅 ÷ | | 铜陵有色 | 3.01% | 7.73 | +2.93% | | 000630 融 | | | | | 弓可波罗 | 0.00% | 24.80 | +2.61% | | 001386 融 注 | | | | | 紫金黄金国际 | 3.32% | 237.000 | +2.07% | | 02259 通 | | | | | 江西铜业股份 | 1.50% | 46.120 | +1.99% | | 00358 通 | | | | | 紫金矿业 | 3.94% | 44.800 | +1.77% | | 02899 通 | | | | | 江西铜业 ...

Group 1 - The core viewpoint of the news is that the gold industry is experiencing a strong upward trend, driven by various factors including geopolitical tensions and economic concerns, leading to increased demand for gold as a safe-haven asset [2] - The China Securities Index for gold industry stocks (931238) has risen by 1.35%, with significant gains in individual stocks such as WanGuo Gold Group (up 6.97%) and Zhuye Group (up 5.90%) [1] - The gold stock ETF (159322) has also seen an increase of 1.28%, with the latest price reported at 2.13 yuan [1] Group 2 - Spot gold prices have reached $5,200, reflecting a daily increase of 1.16% [2] - The strong performance of precious metals is attributed to three main factors: a U.S. Supreme Court ruling impacting dollar credibility, ongoing tensions in Iran raising geopolitical risk, and lower-than-expected GDP growth in the U.S. alongside higher inflation, reinforcing gold's anti-inflation properties [2] - The China Securities Index for gold industry stocks includes 50 large-cap companies involved in gold mining, refining, and sales, with the top ten stocks accounting for 61.69% of the index [2]

现货白银同步走强，截至发稿，现货白银突破90美元/盎司，盘中涨幅超4%。上期所沪银主力合约大涨 5%，报23138元/千克。 国投白银LOF大涨超9%。 | < W | | | 国投白银LOF(161226.SZ) | | | | | --- | --- | --- | --- | --- | --- | --- | | | | | 交易中 02-25 13:47:30 | | | | | 3.401 | | 昨收 | 3.103 | 流通盘 | | 36.33亿 | | +0.298 +9.60% | | 升营 | 3.199 | 流通值 | | 124亿 | | 最高 | 3.402 | 成交量 | 4.3亿 | 换手率 | | 11.76% | | 最低 | 3.145 | 成交额 | 14.10 亿 | 均价 | 3.301 | | | IOPV | 0.0000 | 溢折率 | 0.00% | 贴水率 | 38.06% | | | | | 净值走势 国投瑞银白银期货A(161226.OF) 2.4634 +11.44% | | | | | | 十月日 | HH | 日K | 周K | 月K | 中文 ...

Group 1 - The price of spot gold surged, breaking the $5200 per ounce mark with an increase of 1.38% as of the report time [1] - A-shares of gold-related stocks generally rose in response to the increase in gold prices [1] Group 2 - Spot silver also experienced a strong rise, surpassing $90 per ounce with an intraday increase of over 4% [3] - The main contract for silver on the Shanghai Futures Exchange rose by 5%, reaching 23138 yuan per kilogram [3] - The Guotou Silver LOF saw a significant increase of over 9% [3] Group 3 - Gold stock ETFs showed a positive trend, with a 1.30% increase to 2.658 [2] - Notable gold stocks included: - Zhongjin Gold with a 9.12% holding ratio, increasing by 1.41% to 31.54 [2] - Zijing Mining with a 3.94% holding ratio, increasing by 1.77% to 44.800 [2] - Shandong Gold with a 4.18% holding ratio, increasing by 0.68% to 41.580 [2]

Core Viewpoint - On February 25, both gold and silver prices experienced significant increases, with gold surpassing $5200 per ounce and silver exceeding $90 per ounce, indicating a strong bullish trend in precious metals [1][3]. Group 1: Gold Market - As of the report, the spot gold price rose by 1.38%, breaking the $5200 per ounce mark [1]. - A notable increase in A-share gold stocks was observed, reflecting positive market sentiment towards gold investments [1]. - Key gold stocks such as Zijin Mining and Zhongjin Gold showed respective increases of 1.77% and 1.41% [2]. Group 2: Silver Market - The spot silver price surged over 4%, reaching above $90 per ounce, with the Shanghai Futures Exchange's main silver contract rising by 5% to 23138 yuan per kilogram [3]. - The National Investment Silver LOF saw a significant increase of over 9%, indicating strong investor interest in silver [4].

来源：新浪基金∞工作室 2月25日，有色ETF银华（159871）开盘涨0.35%，报1.145元。有色ETF银华（159871）重仓股方面，紫 金矿业开盘涨0.20%，洛阳钼业涨0.61%，北方稀土涨0.36%，华友钴业涨1.06%，中国铝业涨0.85%，赣 锋锂业涨1.43%，山东黄金跌0.30%，云铝股份涨0.72%，中金黄金跌0.32%，中矿资源涨0.75%。 有色ETF银华（159871）业绩比较基准为中证有色金属指数收益率，管理人为银华基金管理股份有限公 司，基金经理为谭跃峰，成立（2021-03-10）以来回报为127.80%，近一个月回报为-1.72%。 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 ...

Group 1 - The Trump administration plans to use an AI model developed by the U.S. Department of Defense to establish reference prices for global critical mineral trade, starting with germanium, gallium, antimony, and tungsten [1] - The reference prices are expected to have a limited impact on tungsten, which is already profitable for all, but may boost the prices of germanium, gallium, and antimony, which are currently undervalued [1] - The policy is anticipated to lead to an expansion in equity market value, with improvements in earnings per share (EPS) and price-to-earnings (PE) ratios due to higher expected prices and increased survival rates of companies [1] Group 2 - As of January 30, 2026, the National Securities Nonferrous Metals Industry Index (399395) has a strong performance, with a 4.15% increase, and notable gains in component stocks such as Chihong Zn & Ge and Huaxi Nonferrous, both up by 10.01% [1] - The index reflects the overall performance of listed companies in the nonferrous metals sector, comprising 50 securities with significant scale and liquidity, and the top ten weighted stocks account for 49.87% of the index [2]

Group 1 - The core viewpoint of the article highlights the performance of the Invesco ETF (560290) in the non-ferrous metal sector, which opened down by 0.20% at 0.977 yuan [1] - Major holdings in the ETF include Zijin Mining, which rose by 0.20%, and other companies like Luoyang Molybdenum, Northern Rare Earth, and China Aluminum, showing varied performance with some stocks like Ganfeng Lithium and Xinyi Silver rising by 1.43% and 1.49% respectively [1] - The performance benchmark for the Invesco ETF is the CSI Nonferrous Metals Mining Theme Index, with a return of -2.34% since its establishment on January 26, 2026 [1]

Group 1 - The rare earth permanent magnet concept is rising, with significant price increases in heavy rare earths; Yttrium has reached $850 per kilogram and Dysprosium $1,100 per kilogram, marking the highest levels since 2015 due to ongoing supply concerns [1] - Precious metals and industrial metals prices are generally increasing, driven by multiple factors including the reshaping of monetary credit patterns, rising U.S. fiscal deficit rates, and low gold reserves in China, which are expected to push gold prices higher in the long term [1] - The copper price is expected to remain strong in the short term due to solid fundamental support, with significant production disruptions in copper mines and tight non-U.S. inventories, alongside initiatives to expand national copper strategic reserves in China [1] Group 2 - As of January 30, 2026, the National Securities Nonferrous Metals Industry Index (399395) includes 50 prominent securities in the nonferrous metals sector, reflecting the overall performance of listed companies in this industry [2] - The top ten weighted stocks in the National Securities Nonferrous Metals Industry Index account for 49.87% of the index, including companies like Zijin Mining, Luoyang Molybdenum, and Northern Rare Earth [2]

Group 1 - The core viewpoint of the news is the strong performance of the non-ferrous metal industry, particularly the non-ferrous metal ETF fund, which has seen significant increases in both stock prices and net inflows [1][2]. - As of February 25, 2026, the CSI Non-Ferrous Metal Industry Theme Index (000811) rose by 3.39%, with notable increases in individual stocks such as Yunnan Tin Industry (10.01%) and Chihong Zn & Ge (8.49%) [1]. - The non-ferrous metal ETF fund (516650) has experienced a year-to-date increase of 20.76% as of February 24, 2026, with a recent net inflow of 206 million yuan [1]. Group 2 - The top ten weighted stocks in the CSI Non-Ferrous Metal Industry Theme Index account for 51.85% of the index, with major companies including Zijin Mining and China Aluminum [2]. - The highest monthly return for the non-ferrous metal ETF fund since its inception was 27.00%, and it has achieved a maximum consecutive monthly gain of 69.57% [1]. - The fund has outperformed its benchmark with an annualized excess return of 2.00% since inception, indicating strong performance relative to market standards [1].