动荡年代机构偏好的投资品种。 如果把今年ETF涨幅排行榜拉一下数据，就会发现一些黄金股ETF今年的表现相当亮眼。 作者 | 市值风云基金研究部 编辑 | 小白 一觉醒来，就看到各大平台推送以色列空袭伊朗的消息，随后A股开盘，也"空袭"到了A股股民的心 里。 当然，有人愁就有人欢喜，黄金股ETF在今日早上再度上涨2.4%，创下近期新高。 （来源：市值风云App） 截至昨日，永赢基金的黄金股ETF（517520.SH）以40.8%的涨幅领跑，管理规模也最大，达47亿。华 夏、国泰等跟踪相同指数的黄金股ETF的年内涨幅均超过30%，而跟踪黄金现货的黄金ETF整体涨幅 维持在28%左右。 | 证券代码 | 证券简称 | 规模(亿元) | 业绩比较基准 | | 基金管理人 今年涨跌幅(%) | | --- | --- | --- | --- | --- | --- | | 517520.SH | 黄金股ETF | 47.30 | 中证沪深港黄金产业股票指数 | 永赢基金 | 40.83 | | 159562.SZ | 黄金股ETF | 6.22 | 中证沪深港黄金产业股票指数 | 未直電等 | 39.42 | | 51 ...

Market Overview - The Middle East geopolitical risks have escalated, leading to a decline in the Asia-Pacific stock markets, with Hong Kong's three major indices falling collectively. The Hang Seng Index closed down 0.59% at 23,892.56 points, with a total turnover of HKD 294.29 billion [1] - Despite short-term impacts from Trump's tariff policies and potential liquidity fluctuations due to U.S. debt ceiling issues, the overall influence is diminishing, maintaining a long-term upward trend for Hong Kong stocks. High-quality dividend sectors remain a stable investment choice in the short term, while technological innovation is seen as a new growth driver for China's economy and Hong Kong stocks in the medium to long term [1] Blue Chip Performance - Chow Tai Fook (01929) led blue-chip gains, rising 5.37% to HKD 12.94, contributing 2.07 points to the Hang Seng Index. The company reported a revenue of HKD 89.656 billion for the fiscal year ending March 31, 2025, a decrease of 17.53% year-on-year, with a net profit of HKD 5.916 billion, down 8.97% year-on-year, and a final dividend of HKD 0.32 per share, corresponding to a payout ratio of 87.8% [2] - Other notable blue-chip movements included Orient Overseas International (00316) up 4.18%, Hang Lung Properties (00101) up 3.03%, while Sunny Optical Technology (02382) fell 5.01%, dragging the index down by 3.74 points [2] Sector Performance - Large technology stocks experienced declines, with Alibaba down over 2% and Xiaomi down 0.48%. In contrast, oil and gas stocks, gold stocks, and shipping stocks saw increased demand as safe-haven assets due to heightened market risk aversion. Shandong Molong surged 160%, and Chifeng Jilong Gold rose over 10% [3] - Oil stocks saw significant gains, with Shandong Molong (00568) up 75.65%, Sinopec Oilfield Service (01033) up 25%, and CNOOC (00883) up 2.07%. Reports of Israeli airstrikes on Iranian nuclear facilities led to a spike in international oil prices, which rose by 13% [3] - Gold stocks also performed strongly, with Chifeng Jilong Gold (06693) up 10.55% and Lingbao Gold (03330) up 6.06%. The rise in geopolitical tensions has driven gold prices higher, with spot gold surpassing USD 3,440 [4] - Defense stocks were active, with AVIC (02357) up 5.21% and China Shipbuilding Defense (00317) up 3.27%, as increased military spending is anticipated due to escalating geopolitical conflicts [4][5] Automotive Sector - The automotive sector continued its downward trend, with XPeng Motors (09868) down 5.17% and Great Wall Motors (02333) down 3.07%. A recent controversial statement regarding fuel vehicles over electric vehicles sparked discussions, impacting market sentiment [6] Notable Stocks - Derlin International (01126) reached a historical high, closing up 17.08% at HKD 10.42, attributed to its position as a leading plush toy manufacturer [7] - Television Broadcasts (00511) rose 7.48% to HKD 3.45, following a collaboration with Tencent Music and others to enhance AIGC technology applications in the Greater Bay Area [8] - Jianbei Miao Miao (02161) saw a post-earnings increase of 5.79%, reporting a revenue of HKD 782 million, up 20.65% year-on-year, and a net profit of HKD 197 million, up 51.2% [9] - Junshi Biosciences (01877) faced a significant drop of 10.47% after announcing a share placement at a discount, raising approximately HKD 1.026 billion for R&D and operational funding [10] - Sunny Optical Technology (02382) reported a decline in mobile lens shipments, with a 5.2% year-on-year drop in May [11]

Group 1 - The core viewpoint of the articles highlights the significant rise in spot gold prices, driven by geopolitical tensions in the Middle East and weakening U.S. economic data [1][3] - Spot gold reached a peak of $3444.43 per ounce, marking an increase of approximately 1.57% [1] - The uncertainty in the Middle East, particularly comments from U.S. President Trump about troop withdrawal and warnings from Iranian officials, has led investors to seek safe-haven assets like gold [1][3] Group 2 - Technical analysis indicates that the recent upward movement in gold prices is characterized by volatility, with potential for sharp declines during the trading week [3] - Key support levels for gold are identified at 3420, 3402, and 3380, which will be crucial for maintaining bullish momentum [3] - Domestic gold prices in China have mirrored international trends, with successful trading strategies implemented, emphasizing a bullish outlook and advising against short positions [4]

Core Viewpoint - Silver is experiencing a resurgence as a valuable asset, driven by its dual role as a safe-haven investment and an essential industrial material, particularly in the context of rising geopolitical risks and economic uncertainty [1][4][8] Group 1: Investment Dynamics - Silver prices have surged over 20% in 2025, with domestic market funds increasing from 18 billion to 39 billion yuan, indicating a strong inflow of capital [1][2] - The price of silver has reached historical highs, with the Shanghai silver futures contract hitting 8,855 yuan per kilogram and international silver futures rising to $37.03 per ounce, marking a 23% increase year-to-date [2][3] - Institutional investors are beginning to allocate more to silver, as evidenced by the increase in silver ETF holdings, although the current allocation remains low compared to gold [7] Group 2: Industrial Demand - Over 50% of silver demand is now driven by industrial applications, a figure expected to rise to 56% by 2025, with the solar energy sector being a significant contributor [4][5] - The growth of the photovoltaic industry is projected to create a demand of 66,000 tons of silver in 2025, driven by the increased use of silver in solar panels [4][5] - Emerging technologies such as 5G, electric vehicles, and artificial intelligence are further increasing silver consumption, with electric vehicles using significantly more silver than traditional vehicles [5] Group 3: Supply Constraints - The supply of silver is facing challenges, with slow growth in global silver mining output and declining ore grades, leading to a projected shortfall of 117.6 million ounces in 2025 [5] - The low recovery rate of silver, particularly from electronic products, exacerbates the supply-demand imbalance, contributing to rising prices [5] Group 4: Market Outlook - Historical trends suggest that silver performs best during early economic recovery and rising inflation, conditions that are currently present [6] - The silver-to-gold price ratio remains high at around 90, indicating potential for silver to catch up in price relative to gold [6] - Long-term investment value in silver is supported by its financial attributes and industrial demand, suggesting that its upward trajectory may continue [7][8]

Core Viewpoint - The article discusses the rising international gold prices driven by geopolitical tensions, economic uncertainties, and increased demand from central banks, indicating a potential long-term upward trend in gold prices [1][2][3]. Group 1: Geopolitical and Economic Factors - Geopolitical tensions, including the Middle East situation and the ongoing Russia-Ukraine conflict, have heightened market risk aversion, contributing to the rise in gold prices [1][2]. - Recent U.S. economic data, such as the decline in the ISM manufacturing and services PMI below the growth threshold and lower-than-expected CPI figures, have raised concerns about a potential economic downturn, which has favored gold [2]. - The market is experiencing mixed signals, with some institutional investors reducing their gold ETF holdings while speculators are increasing their net long positions, indicating differing views on gold's future [2][3]. Group 2: Demand and Central Bank Activity - Gold has surpassed the euro to become the second-largest reserve asset for global central banks, driven by a surge in gold purchases and rising prices [3]. - As of May 2025, central bank gold reserves reached 7.383 million ounces, marking a continuous increase for seven months, which provides strong support for gold demand [3]. - The strategic value of gold as a hedge against stock and bond market volatility has increased, suggesting a long-term investment opportunity [3][4]. Group 3: Future Price Trends - Short-term gold price movements may be volatile due to potential changes in tariffs or geopolitical developments, but the long-term outlook remains positive [4][5]. - Factors supporting the long-term upward trend in gold prices include increasing economic uncertainty in the U.S., strong central bank demand for gold, and persistent geopolitical risks [4][5]. - The flexibility and variability of U.S. policies, along with ongoing global geopolitical risks, continue to sustain market demand for gold as a safe-haven asset [5].

Group 1 - Israeli Defense Forces launched multiple airstrikes on Iranian nuclear and military facilities, claiming Iran has the capability to produce multiple nuclear weapons in the short term [2] - The military action has escalated tensions in the Middle East, leading to a surge in gold stocks in the Hong Kong market, with notable increases in companies like Chifeng Jilong Gold Mining and Shandong Gold Mining [3][4] - The international gold price surged over $50, breaking the $3430 per ounce mark, reflecting its status as a "ultimate safe-haven asset" [5] Group 2 - The international oil market experienced significant volatility, with WTI crude oil prices soaring over 10% to reach $75 per barrel due to concerns over potential blockades in the Strait of Hormuz [6] - The recent military actions have triggered a renewed interest in gold as a safe-haven asset, supported by ongoing central bank purchases and a weakening US dollar [8][10] - Analysts are closely monitoring whether gold prices can reach new historical highs, with current prices nearing the previous record closing high of $3469.80 per ounce [11]

黄金、白银行情爆发中，一键布局买入金银等避险资产>>> 沪金主力合约重回800关口上方，涨幅2.46%，为5月8日以来首次。 ...

各位投资者请注意，盈利的绝佳时机已经到来！ 央妈已第七度增持资产，若您仍处于观望状态，那么您将错失这一历史性的财富增长机会！ 然而，现在加入还来得及，此次投资背后可能蕴藏着翻倍的增长潜力，关键在于您是否愿意跟随央妈的步 伐！ 那么，这究竟是什么机会呢？ 最新数据显示，国家外汇管理局近期透露，央妈已连续第七个月增加黄金储备。 这表明我国的黄金储备还有至少一倍的增长潜力，这一增长潜力将成为推动金价上涨的关键因素。 在投资领域，今年国际金价上涨了26%，然而，涨幅更大的则是黄金股票，以港股的老铺黄金为例，其股 价今年涨幅高达3倍。 同样，我国A股市场的黄金企业也蕴藏着巨大的发展潜力！近期，我发现了几家在黄金领域具有稀缺优势 的龙头企业，以下便是其中两家：蚣 肿 號，郑说市 主页发送"狐"可知 须知，单次买入可能是巧合，两次或许是偶然，然而，若连续七个月持续购入，这其中必定隐藏着某种深 意。 那么，央行究竟察觉到了什么信号？ 实际上，全球目前正面临着不稳定的局势。俄乌和巴以冲突尚未平息，而更为棘手的是"懂王"的回归，不 到半年的时间里，他就与全球多数国家对立，不仅施加关税压力，甚至试图将某些国家纳入美国的版图。 这种 ...

周五，以色列对伊朗本土发动空袭，市场立即陷入恐慌模式——油价飙升、黄金走高、亚洲股市和美股 期货应声下跌。 据华尔街见闻此前援引央视新闻报道，以空军正在对伊朗境内数十个与核计划和其他军事设施相关的目 标发动空袭，并且将此次行动命名为"狮子的力量"。以军称，伊朗拥有足够的浓缩铀，可以在几天内制 造出多枚炸弹，因此需要采取行动应对这一"迫在眉睫的威胁"。以色列总理表示，以军对伊朗核设施的 军事行动将持续数日，直至消除威胁为止。 这场地缘政治危机恰逢全球股市处于高位，华尔街策略师们正紧盯一个关键问题：德黑兰的报复会有多 猛烈？ 市场脆弱性加剧，伊朗反击规模成关键变量 Global X ETFs悉尼投资策略师Billy Leung指出："这与昨夜的看涨情绪形成鲜明反转，当时科技乐观主 义、温和通胀和轻仓位让市场倾向于风险偏好——而以色列对伊朗的直接打击瞬间切断了这一叙事。" Leung将当前局势与过去的中东危机进行对比，他表示："如2020年的Soleimani袭击、2019年的油轮攻 击，我们看到了同样的初始反应：原油上涨，美债和瑞士法郎走强。关键是这是否能保持克制——历史 表明，如果升级有限，市场往往会消化冲击。 ...

Group 1 - Israel's Defense Minister Katz announced that Israel has launched airstrikes against Iran, anticipating missile and drone attacks in response [2][6] - The Israeli military confirmed airstrikes targeting Iranian nuclear facilities and military sites, naming the operation "Lion's Strength" [8] - Iran's military chief was reportedly assassinated, although this has not been officially confirmed [4] Group 2 - Following the airstrikes, Israel declared a national state of emergency [5][6] - Tehran's Imam Khomeini International Airport suspended all flights as a precautionary measure [7] - U.S. Secretary of State Rubio stated that the U.S. did not participate in the strikes and emphasized the protection of U.S. military personnel in the region [10][11] Group 3 - Oil prices surged significantly due to the geopolitical tensions, with WTI crude oil futures rising by 8.16% to $72.08 per barrel and Brent crude oil futures increasing by 8.09% to $74.97 per barrel [14][15] - Analysts predict that if Iran closes the Strait of Hormuz in response to the attacks, oil prices could soar to $120 per barrel or higher [18] - The market outlook remains influenced by geopolitical instability, with concerns over supply disruptions due to the escalating conflict between Israel and Iran [17][18]