近期金铜价格的表现如何？未来趋势如何？ 近期金铜价格表现强劲，金价在 3,400 至 3,500 美元之间波动，铜价在 9,000 美元以上波动，并且都呈现向上趋势。短期内，我们对金铜价格持乐观态度， 预计会持续向上突破。这主要是由于美联储的政策可能会进一步推动金铜价格 同步上涨。 中金黄金 20250723 摘要 中金黄金作为央企，依托资源优势和集团资产注入，黄金和铜矿年产量 稳定，分别为 18.35 吨和 8.2 万吨。沙岭项目投产后，预计年产能增加 10 吨黄金，显著提升公司黄金产量。 公司业务多元化，涵盖黄金、铜和钼，有效分散商品价格波动风险。 2025 年二季度，黄金业务毛利占比提升至 55%~60%，多元化布局为 公司估值带来向上空间。 中金黄金财务稳健，资产负债率低至 43%，且分红比例高，多年超过 55%。预计 2025 年净利润 55 亿至 60 亿元，分红比例超 50%，股息 率达 4%以上，在有色板块中具吸引力。 公司二季度业绩亮眼，单季度归母净利润达 15.8 亿至 18.4 亿元，全年 业绩预期上调至 55 亿到 60 亿元，对应市盈率仅 12 倍到 13 倍，估值 优势明显。 20 ...

"漫步在负氧离子浓度极高的牛背梁国家森林公园，在柞水溶洞里探秘地质奇观，商洛22℃的夏天 太舒适了。"7月15日，带着老人、孩子来商洛避暑的游客王佳对记者说。 "我们在网上看到这儿挺美的，就从十堰开车过来了，这里的环境很好，真是不虚此行。"十堰游客 宋鹤说。 商洛位于秦岭腹地，生态环境优美，夏季平均气温只有22℃，森林覆盖率达70％，有3A级以上旅 游景区50家，相继获得"中国气候康养之都""美丽中国·深呼吸之都""中国最佳康养休闲旅游市"等多 项"国字号"荣誉。 "在城市见惯了'水泥森林'，来到天然的森林中吸氧，身心得到了放松。"王佳说。 近日，中国气象局在2025年全国暑期文化和旅游消费季主场活动中发布了16条全国暑期避暑旅游精 品线路，商洛市凭借得天独厚的自然条件成功入选"陇秦山水·古道西风"线路，成为该线路重要节点城 市。 "这个夏季，我们推出文旅活动90多项536场次，其中包括研学旅游主题活动9项、亲子度假主题活 动7项、景点观光主题活动23项、乡村旅游主题活动6项、非遗展演主题活动12项、夏季演出主题活动15 项、文旅购物主题活动7项、文化主题活动18项，推出精品旅游线路5条。"商洛市文旅局局长巩 ...

2025 年 07 月 20 日 金融工程研究团队 魏建榕（首席分析师） 证书编号：S0790519120001 张 翔（分析师） 证书编号：S0790520110001 傅开波（分析师） 证书编号：S0790520090003 高 鹏（分析师） 证书编号：S0790520090002 苏俊豪（分析师） 证书编号：S0790522020001 胡亮勇（分析师） 证书编号：S0790522030001 王志豪（分析师） 证书编号：S0790522070003 盛少成（分析师） 证书编号：S0790121070009 蒋 韬（分析师） 证书编号：S0790525070001 相关研究报告 《长端动量 2.0：长期、低换手、多头 显 著 的 量 价 因 子 — 开 源 量 化 评 论 （67）》-2022.11.26 《从涨跌停外溢行为到股票关联网络 —开源量化评论（92）》-2024.4.16 《从高频股价形态到追涨杀跌因子— 开源量化评论（94）》-2024.6.23 《成长与周期共振：基于业绩增速与 景气定位的双因子协同—开源量化评 论（107）》-2025.3.30 高频成交量的峰、岭、谷信息 ——市场微观 ...

Group 1 - The MGM Huafu Hotel in Zhuhai, a collaboration between Zhuhai Zhengfang Group and MGM International Hotel Group, has officially opened as the world's first MGM Huafu Hotel [1][5] - The hotel features 147 guest rooms and villas within a vast area of approximately 76,800 square meters, showcasing a blend of Lingnan garden aesthetics and modern architectural design [1][3] - The hotel aims to create an immersive cultural experience by integrating local cultural elements with contemporary Chinese hospitality [10][12] Group 2 - MGM International Hotel Group's China President, Zhou Feng, emphasized that the opening of the Zhuhai MGM Huafu Hotel marks the global debut of the brand, reflecting the group's confidence in the long-term development potential of the Chinese market [5][6] - Zhuhai Zhengfang Group's Chairman, Long Xinwen, highlighted the project's focus on quality and excellence, aiming to enhance the city's landscape and cultural integration [8][10] - The hotel will leverage MGM's international luxury hotel management experience to provide diverse and exceptional experiences for local residents and visitors, while also connecting with other MGM properties in the Greater Bay Area [12]

Core Viewpoint - The "Guling Yuan" Sino-American Youth Choir Week aims to enhance friendship and cultural exchange between Chinese and American youth through music, with over 1,000 participants from nearly 30 choirs [2][3]. Group 1: Event Overview - The event took place from July 9 to 13, 2025, in Fuzhou, China, featuring performances and cultural exchanges between Chinese and American youth choirs [2][3]. - The theme of the event is "Singing for Peace," serving as a significant platform for youth interaction and friendship [2][3]. - This is the largest themed Sino-American youth exchange event since the initiative to invite 50,000 American youth to China over five years was launched [2]. Group 2: Cultural Exchange Activities - Choirs performed in various locations, including historical sites and schools, engaging in "flash mob" performances [3][4]. - The American choir members participated in face-to-face cultural exchanges with local students, fostering emotional connections through music [3][4]. - Traditional Chinese cultural experiences were also included, such as softwood painting and performances by robots and robotic dogs [4]. Group 3: Personal Stories and Connections - Participants shared personal stories that highlight the long-standing friendship between the two nations, with historical ties dating back over a century [5][6]. - The event featured a story-sharing session that emphasized love, respect, and hope, reflecting the qualities needed in today's world [5][6]. - A collaborative art project titled "Guling Yuan: Peace Agreement" was created by Chinese and American youth, symbolizing their friendship [5][6]. Group 4: Future Initiatives - The Fujian Provincial Government plans to continue creating platforms for Sino-American youth exchanges, including academic and cultural activities [8]. - A memorandum of understanding was signed to establish friendly cooperation between Fujian and American youth organizations, promoting ongoing exchanges [7][8].

如果跟之前一样，就意味着要接着往上走，回收上周五的上影线，保持5日线向上的趋势和节奏。但如 果不是这样，就涉及关键点。中午提到过一个关键位置，往上走过程中有个关键压力位，若上不去，往 上走就不太现实。这个关键压力位是今天的反弹高点3532，为方便计算，也可记成3530。该压力位从何 而来？上周五回调过程中，3526突破后回踩确认，但跌破后反弹上不来，今天盘中反弹高点也守不住， 这里明显是多空分水岭，其下方是多头偏弱区域。 换句话说，若要像上周二那样继续向上回收上影线，首先要有效突破站稳这个压力位。若做不到，就会 往下走，今天的低点就靠不住。下方参考位置是3491，因为这里是中枢，上一次往下摆动最远距离就在 此，市场可看作围绕中枢震荡。上一次向上离开中枢未成功被拉回，这次若仍上不去，就会向下考验能 否离开中枢，上一次的支撑或低点就在3491这里。概括起来，指数目前上方有压力、下方有支撑，在此 震荡并要做选择，这个选择大概率在明天。 观察这组K线关系，与上一周的两个K线组合非常相似，时间上也很巧合。上上周五和上周五都是冲高 回落，有明显上影线。上一次是第一次冲3500点后冲高回落，第二天没继续下跌，而是守在5日线 ...

Group 1 - The market showed signs of a potential short-term low or mid-term high during the upcoming days, with a focus on the resistance levels around 3535-3545 and support levels at 3480 [2] - The early trading session indicated a downward trend, with the index seeking support around the 3480 level, and the need to maintain above 3509 and 3486 to avoid further declines [2][3] - The daily key area for the market is identified between 3480 and 3412, with a strong market condition only if it remains above the upper boundary [3] Group 2 - The afternoon trading session requires the index to close above 3509 for acceptance, with stronger signals if it closes above 3519 or 3529, while maintaining above 3499 is essential [4] - The mid to long-term outlook indicates that the weekly strong-weak dividing line is between 3400 and 3450, and the monthly dividing line is between 3370 and 3420, with a bullish market maintained above the 60-day moving average [4]

Group 1 - The article emphasizes the importance of stop-loss strategies in trading, stating that having trading principles is crucial for success [1] - It highlights the significance of not holding onto losing positions, advocating for a strict stop-loss approach [1] Group 2 - The analysis of gold prices indicates that the key resistance levels are at 3345 and 3366, with potential for further upward movement if these levels are breached [3][6] - The commentary on silver suggests a strong upward trend, with a focus on shorting opportunities above the 38.2 resistance level [5] - The dollar index is expected to continue its bullish trend, with caution advised for potential short-term pullbacks [6][9] Group 3 - The report on crude oil suggests a bullish outlook, with targets set between 69 and 70, while also advising on strict stop-loss measures [6][8] - The S&P futures are being monitored for short positions, with a target range of 6120 to 6000, indicating a bearish sentiment in the medium term [6][9]

Core Viewpoint - The establishment of the Guangdong-Hong Kong-Macao Greater Bay Area Sports Culture Research Institute marks a new phase of deep integration of industry, academia, and research in the sports culture sector of the Greater Bay Area [1] Group 1 - The research institute was inaugurated on July 9 at Guangzhou Sports University, indicating a significant step forward for sports culture in the region [1] - The institute has appointed notable figures such as Mi Yinjun, Vice President of the Hong Kong Sports Association and Olympic Committee Ho Kwan Hung, and Pan Yongquan, Director of the Macau Sports Event Preparation Office, as key leaders [1] - The institute aims to focus on various areas including the construction of a sports civilization ecosystem, the development of sports cultural tourism, and the protection of sports culture heritage [1] Group 2 - Key initiatives include the creation of the "Chinese Sports Spirit Recital (Greater Bay Area Edition)" and the establishment of the Lingnan Sports Culture Museum [1] - The institute will also work on developing a brand sports event system for youth in the Greater Bay Area [1]

Core Insights - Guangdong has launched the GO Guangdong international visiting service platform to promote local tourism with a focus on cultural and historical experiences [3] - The platform features three thematic visiting routes, highlighting ten hidden gem villages in Guangdong from an international perspective [3] Group 1: Cultural and Historical Tourism - The "Ancient Village Stroll" route showcases villages like Langtou Village, which will represent China at the Venice Biennale in 2025, emphasizing the revival of Lingnan ancient villages [6] - Shenzhen's Dafen Village is known for producing 70% of the world's oil paintings, featuring over 1,000 galleries and studios, making it a hub for art enthusiasts [9] - Beishan Village in Zhuhai, a 780-year-old village, has transformed into an international village with a vibrant arts scene, attracting over 1.05 million visitors since the inception of its music festival in 2010 [11] Group 2: Art and Community Engagement - The Nanhai Earth Art Festival in Foshan has attracted 271 artists from 31 countries, turning the village into an art installation space that engages local residents [14] - Dongguan's Dongkeng Town is addressing the challenges of an aging population by integrating community resources and establishing a "senior dining hall" to provide inclusive dining services [16] Group 3: Natural Attractions and Culinary Experiences - Yikou Village in Zhongshan boasts 2,000 acres of contiguous rice fields and is positioned within the Greater Bay Area's one-hour living circle, attracting tourists for its scenic beauty and local cuisine [19] - Huizhou's new "Fairy Road" offers picturesque views of mountains and ancient trees, with opportunities for visitors to experience local culture and hospitality [22] - The town of Maoming is known as "China's Lychee Capital," where visitors can enjoy fresh lychees and local handicrafts [28] Group 4: Unique Local Products and Heritage - Phoenix Town in Chaozhou features a thousand-year-old tea garden, where visitors can learn about tea picking and the history of tea cultivation [31] - The town of Tangkou is home to the only UNESCO World Heritage site in Guangdong, showcasing the preservation of overseas Chinese culture through local initiatives [24]