经济观察网 金罗斯黄金（KGC.N）股价在2026年2月13日上涨6.41%（收盘价34.44美元），主要受以下 因素驱动： 股票近期走势 当日伦敦现货黄金上涨1.01%至4973.82美元/盎司，创近三个月新高。美国1月CPI同比涨幅2.4%低于预 期，强化美联储降息预期，美元走弱提振黄金吸引力。地缘政治风险进一步刺激避险需求，推动资金流 入黄金资产。 板块表现 黄金板块当日整体上涨3.48%，显著跑赢美股大盘。贵金属市场在经历1月末暴跌后持续修复，年初至 今现货黄金涨幅达15.18%。公司股价年初至今累计上涨22.28%，反映市场对黄金矿企的盈利改善预 期。 机构观点 机构预测公司2025年第四季度营收同比增43.23%至20.28亿美元，每股收益同比增147.14%至0.544美 元。Scotiabank等机构维持"好于板块"评级，目标价45美元。2025年第三季度财报已显示强劲增长，高 毛利率支撑盈利韧性。 资金面与技术面 当日成交额达2.95亿美元，量比1.02，换手率0.72%，显示活跃资金参与。股价突破34美元阻力位，最 高触及34.56美元，技术面呈突破态势。 以上内容基于公开资料整理，不构成 ...

Core Viewpoint - The U.S. stock market is dominated by risk-averse sentiment, leading to declines in major indices, particularly in the technology sector [1][2]. Group 1: Company Performance - Apple (AAPL) shares fell by 0.8%, contributing to the overall decline in the tech sector [1][2]. - Cisco (CSCO) experienced a decline of 1.2%, further impacting major indices negatively [1][2]. - Applied Materials (AMAT) saw a significant increase of 9.9% due to optimistic guidance related to AI tools [1][2]. - Pinterest (PINS) shares plummeted by 20.8% as a result of a weak outlook [1][2].

眼看人民币汇率一把冲到6.90，财经圈炸了锅。朋友圈、财经群、股市直播间，都有人在喊："外资来 了！人民币要起飞了！"一边是热烈的欢呼，一边是小心翼翼的疑问。 真的是这样吗？还是又一次短暂的上蹿下跳？这事儿细品一下，别光看数字。背后挺复杂。先说这波人 民币猛涨，到底是谁在背后"助推"？有人觉得是外资疯了，其实没那么简单。 美元最近有点"泄气"，美元指数跌到96.8。直接让其他货币有了喘息的机会。别的货币趁着美元休息的 档口，纷纷开始反弹。 人民币当然也抓住了机会，但底子厚才是真正的关键。全球货物贸易量第一，年年顺差，钱是实打实赚 来的。不是画出来的。所以汇率走强，先看家底，再看外部环境。 银行板块悄悄回暖，原本涨得猛的板块开始收敛。这其实是健康的板块轮动。但看成交量，萎缩得厉 害，散户资金净流出，大多数人还是在犹豫。没敢真正下场。 你要说这是"乐观"，其实更像暴风雨后的安静。谁都不敢轻举妄动。放眼全球，外部环境也没啥让人安 心的信号。 美股表面上反弹了两天，背地里对冲基金做空美股的规模却创了新高，尤其是科技板块。被抛得最狠。 资金都往医疗保健这些防御板块跑，明显是避险情绪浓。 最后才轮到国际资本的流动。再说， ...

格隆汇2月13日｜由于全球市场情绪转向规避风险、对全球原油过剩的担忧以及美伊核协议谈判可能陷 入持久战，油价料将出现今年以来首次连续两周下跌。WTI原油稳定在每桶63美元下方，周四该基准原 油下跌近3%，而布伦特原油收于67美元上方。继美股再次下跌以及大宗商品普遍走低后，亚洲股市周 五也趋于下行。在伊朗问题上，美特朗普表示，他认为谈判可能会持续长达一个月，这降低了近期可能 扰乱供应的军事行动的可能性。目前，这位美国领导人正在寻求通过外交协议来遏制这一欧佩克成员国 的核野心。与此同时，国际能源署重申，2026年日均原油供应过剩将超过370万桶，这将创下年度平均 水平的历史纪录。 ...

Core Viewpoint - The article discusses the significant factors driving the long-term bullish trend in the gold market over the past decade, highlighting geopolitical risks, changes in dollar credibility, collective central bank purchases, and shifts in asset allocation logic as the main drivers of gold's price surge. Group 1: Geopolitical and Economic Factors - The demand for gold as a safe-haven asset has surged due to increasing geopolitical and economic uncertainties, with events like Brexit, trade wars, and the Russia-Ukraine conflict contributing to gold price spikes [10][12][13] - The global macroeconomic risks and rising inflation expectations have acted as accelerators for gold prices, with significant price movements observed during key geopolitical events [13] Group 2: Dollar Weakness - The weakening of the US dollar has positively impacted gold prices, as a decline in dollar credibility makes gold more attractive to investors holding other currencies [14] - The total US national debt has ballooned from $18 trillion in 2015 to over $38 trillion, undermining confidence in the dollar and contributing to gold's price increase [14][15] Group 3: Central Bank Purchases - Central banks have significantly increased their gold reserves, with gold accounting for 20% of global central bank reserve assets by 2024, surpassing US Treasury bonds for the first time in 30 years by 2025 [16][17] - The annual gold purchases by central banks have exceeded 1,000 tons since 2022, indicating a strong and accelerating demand for gold as a reserve asset [17][18] Group 4: Changing Asset Allocation Logic - There has been a fundamental shift in global asset allocation, with gold emerging as a strategic investment asset rather than merely a decorative item, particularly in the Chinese market [19][20] - The younger demographic is increasingly investing in gold, with a notable rise in gold jewelry ownership among consumers aged 18 to 24, reflecting a shift towards more frequent and smaller-scale investments [20]

彭博美元指数结束连续四个交易日的下跌走势，于纽约汇市实现企稳。避险属性突出的日元和瑞郎获得 市场买盘支撑，汇率走强。 加拿大养老金计划投资委员会将瑞士法郎、日元及黄金列为美元潜在替代选项，反映出国际长线资金对 美元资产配置的调整倾向。欧洲多家养老金基金计划减持美债及美股，进一步推动市场避险情绪升温， 资金持续流入具备保值属性的日元资产与瑞郎资产。 截至纽约汇市尾市，1美元兑换152.94日元，1美元兑换0.7697瑞士法郎。避险买盘成为支撑日元和瑞郎 汇率的核心动力，市场资金在规避风险需求推动下，转向低波动、高安全边际的避险币种，带动两类货 币汇率获得上行支撑。 市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 来源：市场资讯 ...

Group 1 - Oil prices have declined, with WTI dropping 2.8% to settle below $63 per barrel, amid global market risk aversion and concerns over the tech sector's earnings [1][4][6] - The geopolitical tensions between the US and Iran are influencing market sentiment, with President Trump indicating that negotiations regarding Iran's nuclear program could last up to a month, but failure to reach an agreement may lead to severe consequences for Tehran [1][6] - Traders remain concerned about potential military actions that could threaten supply in the Middle East [1][6] Group 2 - Year-to-date, oil prices have generally risen, except for one week, driven by geopolitical risks and supply disruptions [2][7] - Major banks, including Goldman Sachs, believe that supply is currently adequate, with signs of oversupply emerging, particularly in regions that do not significantly impact pricing [2][7] - The International Energy Agency (IEA) reported that global oil inventories accumulated at the fastest pace since the pandemic began in 2020, indicating that a period of oversupply has arrived, although this oversupply is not evenly distributed globally [2][7] Group 3 - The US Department of Defense has deployed naval forces in the region as tensions with Iran escalate [3][8] - Analysts suggest that oil prices may remain range-bound due to significant political obstacles in achieving a lasting agreement, with limited potential for price corrections from diplomatic progress [3][8] - Increased confrontational rhetoric or military posturing could elevate risk premiums, but unless US strikes against Iran appear imminent, price increases may be constrained [3][8]

Group 1 - The core viewpoint of the articles highlights the performance of the gold industry stocks, with the China Securities Hong Kong Gold Industry Stock Index showing mixed results, led by Zhuye Group with a 2.03% increase and a notable focus on gold ETFs amid rising risk aversion due to geopolitical tensions [1] - As of February 11, 2026, the gold stock ETF fund had a trading volume of 757.51 million yuan, with a turnover rate of 2.88%, indicating strong investor interest in gold assets [1] - Citic Securities anticipates that commodities will remain a preferred investment direction in 2026, driven by factors such as risk aversion, improved fundamentals, and strategic reserves, with precious metals expected to benefit from these trends [1] Group 2 - The China Securities Hong Kong Gold Industry Stock Index (931238) consists of 50 large-cap companies involved in gold mining, smelting, and sales, reflecting the overall performance of gold industry stocks in mainland China and Hong Kong [2] - As of January 30, 2026, the top ten weighted stocks in the index include Zhongjin Gold, Zijin Mining, and Shandong Gold, collectively accounting for 61.69% of the index [2]

今日周四(2月12日)亚盘时段，尽管美国最新披露的就业数据表现亮眼，大幅超出市场预期，带动美元 指数与美债收益率双双攀升，为美联储偏鹰派的货币政策立场注入强劲支撑，然而贵金属市场依旧表现 坚挺，稳稳守住了隔夜斩获的绝大部分可观涨幅。当下，地缘政治局势依旧剑拔弩张，避险情绪主导市 场，成为今日交易的核心逻辑。截至最新，4月黄金期货价格劲扬65.6美元，报价攀升至每盎司5096.6美 元。 打开APP，查看更多高清行情>> 彭博社消息显示，当下市场对美联储3月降息的预期概率已滑落至15%以下，并预判联邦基金利率将稳 定在3.5%–3.75%区间。美国全国广播公司财经频道在今日就业数据出炉后指出，交易员与投资者已转 变预期，认为美联储年内降息次数或仅为两次，而非即刻采取降息行动。 今日金银市场的行情走势充分证明，其核心供需基本面——涵盖避险诉求、囤货举措以及各国央行的购 金行为——根基依旧坚实，其影响力已然盖过"美国经济走强、降息频次缩减"所引发的利空预期。 【最新黄金期货行情解析】 4月黄金期货方面，多头的下一关键目标为收盘稳固站上5250.00美元这一强阻力位，空头短期目标则是 击穿上周低点4670.00美元的 ...

中信证券表示，2026年以来，商品投资热度持续升温，虽然经历了贵金属价格剧烈震荡引发的投资情绪 降温，但在避险情绪、基本面改善、战略储备等因素影响下，我们预计商品仍将作为2026年的投资优选 方向。避险以及对冲美元风险角度，贵金属和原油预计受益；基本面角度，碳酸锂和镍的改善趋势明 确；工业金属铜铝阶段性需求承压，但中长期逻辑依然坚实，硅料、煤炭和钢铁等行业继续受到反内卷 政策影响，价格走势等待政策和基本面指引。 （文章来源：第一财经） ...