Group 1 - Silver prices have surged, breaking through $40.53 per ounce, marking the highest level since September 2011, with a daily increase of over 2% [1] - Gold prices have risen for the fifth consecutive trading day, approaching $3,478 per ounce, nearing the psychological level of $3,500 [2] - The rise in precious metals is attributed to market expectations of an imminent interest rate cut by the Federal Reserve, with a probability of over 70% for a 25 basis point cut in September [4] Group 2 - The demand for silver has been boosted by a recovery in the renewable energy sector, particularly in photovoltaic applications, alongside a shift in Federal Reserve policy [4] - The gold-silver ratio has decreased from above 90 to below 80, indicating potential upward movement for silver prices [4] - The iShares Silver Trust saw a significant inflow of 200 tons last Friday, the largest single-day increase since 2022, reflecting a change in investor sentiment [4] Group 3 - Central banks globally added a net 37 tons of gold in July, with China, Poland, and Turkey being the top buyers for three consecutive months [4] - Citigroup has raised its 12-month gold price target from $3,300 to $3,600, suggesting that if the Federal Reserve cuts rates by 50 basis points, gold could briefly reach $3,700 [4] Group 4 - The U.S. stock market showed moderate performance, with the Nasdaq 100 futures down 0.4%, influenced by concerns over sustained AI capital expenditures [5] - The dollar index fell to 101.3, a new low for the year, while non-U.S. currencies strengthened, with the euro rising to 1.11 and the pound surpassing 1.31 [5] - The upcoming week will focus on U.S. non-farm payroll and ISM services data, which could influence expectations for a 50 basis point rate cut in September [6]

9月1日欧洲交易时段，近期白银与包括黄金在内的其他无收益贵金属一道继续走高，今年迄今，白银已 累计上涨逾38%。在地缘政治紧张局势和金融环境不确定的情况下，投资者对避险资产的强烈兴趣令白 银和黄金受益，此外，美国总统特朗普对美联储的多次攻击引发了人们对美联储独立性的担忧。金价升 至逾四个月高位，因市场对美联储本月降息的预期升温，提振了黄金的吸引力。金价一度向上触及3470 美元/盎司。日内涨约0.4%。银价周一上涨约1.3%,自2011年以来首次突破40美元/盎司，因市场对美联储 本月降息的预期升温。 现货白银（伦敦银）： 【要闻速递】 从技术面来看，白银突破39.50美元已使近期偏见坚定走高，目前白银接近40美元的心理障碍。4小时走 势图显示，白银轻松位于100 EMA 38.35美元上方，而相对强弱指标（RSI）位于74附近的超买区域， 表明强劲但持续的势头。持续突破这一水平将朝着2011年9月12日以来的高点41.48美元前进，下一个上 行目标是2011年9月5日以来的高点43.40美元。在下行方面，即时支撑位位于39.00美元，随后是100 EMA 38.35美元附近，38.35美元是多头的关键支点区 ...

Group 1: Precious Metals Market - Gold prices are hovering around $3480, nearing historical highs, while silver has surpassed $40 per ounce for the first time since 2011, driven by geopolitical tensions and financial uncertainty [1] - The demand for safe-haven assets like gold and silver is increasing due to concerns over the independence of the Federal Reserve following Trump's frequent attacks on it [1][3] - Silver is gaining attention not only as a precious metal but also for its industrial applications in clean energy technologies, leading to a projected fifth year of supply shortages [4] Group 2: Economic Indicators and Federal Reserve Actions - A key employment report is expected to show an addition of 75,000 jobs in August, with a slight increase in the unemployment rate to 4.3%, which may influence market expectations regarding the Federal Reserve's policy easing [5] - The Personal Consumption Expenditures (PCE) price index showed a month-on-month increase of 0.2% and a year-on-year increase of 2.6%, indicating persistent inflation [6] - The likelihood of a 25 basis point rate cut by the Federal Reserve later this month is currently priced at 87% by traders, influenced by dovish comments from San Francisco Fed President Daly [7][8] Group 3: Trade and Tariff Implications - A federal appeals court ruled that Trump's global tariffs were illegally imposed under an emergency law, although these tariffs remain in place during the appeal process, which may affect investor confidence [3][9] - The ongoing negotiations with trade partners, despite the court ruling, suggest that trade dynamics will continue to influence market conditions and investor sentiment [9]

Core Viewpoint - The international spot gold price has reached a four-month high, driven by expectations of interest rate cuts by the Federal Reserve and a shift of safe-haven investments from the US dollar to gold [1][6]. Group 1: Gold Price Movement - On September 1, international spot gold opened high, touching $3,450 per ounce and later rising to $3,470 per ounce, marking a new four-month high [1]. - The gold price has increased by over $80 per ounce within a week, recording four consecutive daily gains [4]. Group 2: Stock Performance in Gold Sector - The gold sector has shown strong performance, with notable stocks such as Western Gold reaching a limit-up increase of 9.99%, and other companies like Hunan Silver and Zhongjin Gold also experiencing significant gains [2][3]. - The physical gold price has surpassed 1,000 yuan per gram, reflecting the rising trend in gold prices [3]. Group 3: Market Sentiment and Predictions - Recent comments from the Federal Reserve and US economic data have reinforced expectations for a rate cut in September, supporting the rise in gold prices [6]. - According to the latest CME "FedWatch" data, there is an 87.4% probability of a 25 basis point rate cut in September, which is expected to further boost gold prices [6]. - A recent survey indicated that 86% of Wall Street analysts expect gold prices to continue rising, with no participants predicting a decline [6].

Market Overview - A-shares experienced slight fluctuations with major indices like the Shenzhen Component Index, CSI 300, and STAR 50 reaching new highs, while the ChiNext Index surpassed 2900 points [1] - The market saw more gainers than losers, with stable trading volume [1] Sector Performance - The Shanghai Composite Index closed at 3862.65, up by 0.12%, while the Shenzhen Component Index rose to 12710.24, up by 0.11%. The ChiNext Index increased by 0.55% to 2906.03 [2] - Sectors such as gold, pharmaceuticals, advertising, and general retail showed significant gains, while aerospace equipment, glass fiber, insurance, and wind power equipment faced declines [2] Gold Market Dynamics - Gold prices surged, leading to a collective rise in gold stocks, with the sector index increasing over 4% to reach a historical high. Trading volume approached the previous day's total within just half a day [3] - International spot gold prices saw a substantial increase, with domestic gold futures also rising significantly, surpassing 800 yuan per contract, marking a two-and-a-half-month high [4] Geopolitical Influences - Rising geopolitical tensions, including attacks on Russian oil export terminals and ongoing conflicts in Gaza, have heightened risk aversion, boosting gold's appeal as a safe-haven asset [5] - Concerns over global economic slowdown were exacerbated by the U.S. imposing a 50% tariff on Indian goods, further enhancing gold's attractiveness [5] Pharmaceutical Sector Activity - The pharmaceutical and biotechnology sector rebounded, with sub-sectors like chemical drugs, innovative drugs, and weight-loss drugs collectively rising over 2%. Companies like Hai Chen Pharmaceutical and Yi Pin Hong saw significant stock price increases [6] - Hong Kong's pharmaceutical stocks also performed strongly, with indices like the Hong Kong Stock Connect Innovative Drug Index rising over 4% [9] Fund Activity in Pharmaceuticals - A significant number of pharmaceutical companies reported revenue growth in their semi-annual reports, with 67 out of over 100 companies achieving year-on-year revenue increases [11] - Prominent fund managers have increased their holdings in pharmaceutical stocks, indicating a bullish outlook for the sector [12]

Group 1 - The core viewpoint of the article highlights a significant surge in gold prices, driven by global central banks' aggressive purchasing strategies and geopolitical tensions, indicating a strategic shift towards gold as a safe-haven asset [1][2][5] Group 2 - Global central banks increased their gold reserves by 387 tons in Q2 2025, a year-on-year increase of 18%, with China alone adding 216 tons over nine consecutive months, reaching a total of 2300 tons [2] - The People's Bank of China emphasizes that increasing gold reserves helps optimize international reserve structures and enhance risk resistance [2] - The Federal Reserve's potential interest rate cuts, expected in Q4 2025, have weakened the dollar, making gold more attractive as an investment [4] Group 3 - Geopolitical risks, particularly escalating conflicts in the Middle East, have heightened demand for gold, with international gold prices experiencing a significant daily increase of 3.2% [5] - The Chinese government is facilitating market access for foreign investors in the domestic gold market, enhancing liquidity [5] Group 4 - Local banks are adjusting their policies to make gold investment more accessible, with changes in minimum purchase amounts for gold savings and investment accounts [7] - Investors are advised to check policies, diversify their asset allocation, and monitor gold prices through official channels [8]

Group 1 - International precious metal prices surged, with London gold spot prices reaching a high of $3,471.514 per ounce, the highest since late April, and silver prices exceeding $40 per ounce, rising over 1% [1] - In the A-share market, gold concept stocks saw significant gains, with the gold jewelry index rising over 4%. Notable performers included Western Gold hitting the daily limit, and other stocks like Yuguang Gold and Chao Hong Ji rising over 7% [1] - Concerns over the independence of the Federal Reserve have increased, leading investors to worry about potential interest rate cuts that could weaken the dollar's credibility, thus enhancing gold's role as a hedge [1] Group 2 - Fidelity International's fund manager Ian Samson expressed optimism about gold's future performance, highlighting its role as a diversification option when bond markets fail to mitigate risks, maintaining its status as the ultimate "safe-haven asset" against inflation and loose economic policies [2]

来源：新浪网 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不 对所包含内容的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担 全部责任。邮箱：news_center@staff.hexun.com 9月1日早盘收盘，国内主力合约涨跌互现。其中，沪银涨超3%，沪金、沪镍、集运欧线、菜籽、烧 碱、菜粕涨超1%；下跌方面，、、玻璃跌超4%，铁矿石、碳酸锂、纯碱跌超3%。 | 名称 现价球幅的� 流跌 天量 实量 | 代码 | | | | 2017 | 类价 | | | 现于 | 成交量 | 将它 | 日常仓 | 20:00 | 最高 | 最长 | 开盘 | 昨夜 | 昨花 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1 沪得2510 | e42510 | 9725 | +3.62% | +3.40 | 9723 | 9726 | 1 | 2 | 34 ...

Group 1 - The price of silver has surpassed $40 per ounce for the first time since 2011, driven by increased investor demand for precious metals amid expectations of a Federal Reserve rate cut this month [1] - Silver prices have risen over 40% year-to-date, with gold, platinum, and palladium also experiencing gains [1] - Geopolitical tensions and uncertainty in the financial environment have led investors to favor precious metals as safe-haven assets [1] Group 2 - According to the CME FedWatch tool, traders currently estimate an 87% probability of a 25 basis point rate cut by the Federal Reserve later this month [2] - The industrial application of silver in clean energy technologies, such as solar panels, is supporting its price [2] - The global silver market is expected to experience a supply shortage for the fifth consecutive year, with significant inflows into silver-backed ETFs [2]

美国银行分析师指出，有两个重要原因推高国际金价：一是美联储降息预期强化；二是近期美联储理事 被免职风波削弱市场对美元资产信心。 先来看美联储降息预期。美联储主席鲍威尔8月22日在杰克逊霍尔全球央行年会上发言暗示，劳动力市 场存在风险，即使美国通胀存在上行风险，美联储仍对降息持开放态度，市场对美联储9月降息的预期 大幅升温。 景顺亚太区全球市场策略师赵耀庭对《国际金融报》记者表示，美联储现在明显对就业数据的疲软更加 担忧——美国7月非农就业人数仅增加了7.3万人，而预期为11万人。虽然鲍威尔没有明确表示美联储将 在9月降息，但他为降息设定了一个较低的门槛。 9月1日，国际现货黄金高开，盘中一度向上触及3471美元/盎司，为4月末以来新高。。 回顾整个8月，纽约商品交易所黄金期货主力合约价格累计涨幅超5%，创下今年4月以来的最佳单月表 现。 目前，多家国际金融机构看涨金价，瑞士银行目前已将2026年上半年国际金价目标价上调至3700美元/ 盎司。美国银行的分析师则预计，到2026年上半年国际金价将触及4000美元/盎司高位。 瑞士百达资产管理首席策略师卢伯乐（Luca Paolini）对《国际金融报》记者表示，将 ...