金十数据5月7日讯，XS.com分析师Linh Tran在一份报告中说，恢复贸易谈判并不能保证取得实质性成 果，投资者仍持谨慎态度。在地缘政治持续不稳定、贸易环境不确定以及美国今年晚些时候降息预期的 背景下，黄金的避险地位仍得到良好支撑。因此金价在大幅上涨后回调是自然且必要的，这将使金价在 恢复更清晰的趋势之前，在短期内进行盘整。 分析师：金价在大幅上涨后回调是自然且必要的 ...

Group 1 - China's macroeconomic policies will become more proactive, aiming for a GDP growth target of around 5% by 2025, with a strong start in Q1 2025 showing a 5.4% year-on-year growth [1] - The positive economic outlook is expected to boost market confidence, particularly in sectors closely related to macroeconomic performance such as finance, infrastructure, and consumption [1] - The People's Bank of China and other financial regulatory bodies will introduce a comprehensive financial policy package to stabilize the market and manage expectations [2] Group 2 - The onshore RMB appreciated significantly, rising nearly 600 points to its highest level since November 2024, closing at 7.2169 against the USD, which is seen as a stabilizing factor for the financial market [3] - During the May Day holiday, UnionPay and NetUnion processed 23.439 billion payment transactions amounting to 7.64 trillion yuan, reflecting a year-on-year increase of 20.49% in transaction volume and 3.21% in value [4] - The significant growth in payment transactions from foreign visitors during the holiday indicates a strong recovery in domestic consumption and enhances the attractiveness of China's tourism market [4] Group 3 - Following the May Day holiday, international gold prices surged, with COMEX gold reaching $3,390 per ounce and spot gold surpassing $3,380 per ounce, reflecting increased demand for safe-haven assets amid global economic uncertainties [5] - The rise in gold prices is expected to benefit gold-related companies, enhancing their performance expectations, although it may pressure profit margins for jewelry brands unless they can maintain pricing power [5]

Economic Environment - The global economic landscape in 2025 is experiencing significant turbulence due to fluctuating Federal Reserve policies, ongoing geopolitical conflicts, and the impact of U.S. tariff policies [1] - Recent U.S. economic data has shown mixed signals, with March non-farm payrolls adding only 135,000 jobs, below expectations, and the unemployment rate remaining high at 4.1%, reinforcing expectations for interest rate cuts by the Federal Reserve [3] Gold Market Dynamics - The gold market has seen extreme volatility, with spot gold prices fluctuating over $110 in a single day, reaching a historical high of $3,167 before settling around $3,114 [1] - The persistent weakness in U.S. retail sales and a significant drop in existing home sales by 5.9% in March to 4.02 million units, the worst level since 2009, has heightened economic outlook concerns, emphasizing gold's role as a safe-haven asset [1][3] - Goldman Sachs has raised its gold price forecast for the end of 2025 to $3,100 per ounce, reflecting a strategic shift towards gold as central banks have net purchased over 1,000 tons of gold for three consecutive years [3] Investment Challenges - Traditional investment channels are struggling to cope with gold's volatility, with physical gold investments facing high storage costs and liquidity constraints, while gold ETFs have limitations in capturing profits during turbulent markets [5] - Historical data indicates that when U.S. retail sales growth falls below 1%, gold's annual volatility exceeds 25%, and the S&P 500 index faces a greater than 60% chance of decline [3] Innovative Trading Solutions - WanZhou Gold's innovative "T+0 dual-direction trading + negative balance protection" mechanism addresses the limitations of traditional gold investments, allowing investors to quickly switch positions during price volatility [7] - The negative balance protection mechanism prevents investors from incurring losses beyond their initial capital, mitigating risks associated with extreme market movements [7] - WanZhou Gold operates under a regulatory framework with client funds stored in licensed bank accounts, ensuring transparency and security, which contrasts with frequent safety issues seen in traditional platforms [7][8] Strategic Opportunities - The combination of non-farm payroll cycles and geopolitical risks transforms gold's volatility into investment opportunities, with WanZhou Gold offering a differentiated platform that emphasizes low barriers to entry, high flexibility, and strong security [8] - In a market environment characterized by potential "black swan" events in 2025, selecting a trading platform that balances tactical flexibility with strategic safety may be crucial for asset appreciation [8]

美国GDP数据萎缩，美股三大指数集体低开，道指跌0.72%，纳指跌2.07%，标普500指数跌1.35%。 美国科技七巨头集体下挫，特斯拉、英伟达跌超4%，Meta、亚马逊跌超3%，谷歌跌近2%，微软、苹果跌超1%。 超微电脑跌超19%。消息面上，超微电脑公布第三财季的初步业绩，营收为45亿~46亿美元，而分析师预期为53.5亿美元；调整后每股收益为0.29~0.31美 元，远不及分析师预期的0.53美元。 星巴克跌超10%，消息面上，星巴克公布的2025年第二财季财务业绩不及预期。财报显示，星巴克第二财季同店销售下滑1%，分析师预期下降0.59%；第 二财季北美同店销售下滑1%，分析师预期下降0.44%。 中概股方面，纳斯达克中国金龙指数小幅下跌。百胜中国、蔚来跌超5%，禾赛科技跌近5%，阿特斯太阳能、晶科能源等跌超3%。 | ( | 纳斯达克中国金龙指数(HXC) | | | | --- | --- | --- | --- | | | 6925.19 -55.51 -0.80% | | | | 资料 | 成分 | 资讯 | 相关基金 | | 名称 | | 现价 | 涨跌中一 | | 百胜中国 | | 44 ...

虽然直到今天还有不少网友把美元说成是"美金"，但是自从美国撕毁"布雷顿森林体系"协议以来美元和 黄金就成了此消彼长的竞争关系。 一般每当代表美元汇率走势的美元指数大幅跳水的时候，国际金价就会在避险投资涌入的支撑下强势上 涨。 在美国进入"特朗普2.0时代"以后（1月20日至今），一日三变的特朗普已经让美元指数下跌近8%，与此 同时国际金价则屡创历史新高，4月22日一度突破每盎司3500美元大关。 一季度以来包括我国、俄罗斯、新加坡在内的全球各国大量增持黄金，这股"囤金潮"是否会让美元贬值 90%，人民币国际化又能否趁势崛起呢？ 一、央行囤金的原因 在这场"囤金潮"中我国显然是最值得关注的主力。截至一季度末中国央行已经通过连续五个月的大举买 入，将黄金储备规模提高至7370万盎司（约合2292吨），相比十年前增长超过一倍。 环球银行金融电信协会（Swift）最近公布的数据显示，截至今年一季度末美元在全球贸易中的支付占 比依然高达49.08%，相比去年同期提高1.71个百分点。既然美元目前还是全球贸易最主要的结算货币， 各国央行疯狂囤金的目的是什么呢？ 首先，美债危机严重大幅提高黄金避险价值。虽然特朗普的关税战可 ...

随着一季度全球金价20次突破历史新高，金饰需求遭遇负面冲击。然而，尽管受到高金价压力，金饰市 场依然相对保持韧性，尤其体现在金饰消费额方面。一季度的金饰消费支出同比增长9%，达350亿美 元，除中国以外所有市场的金饰消费额均实现增长。 世界黄金协会资深市场分析师Louise Street表示，今年全球市场开局动荡，美国政策反复无常、地缘政 治局势持续紧张，叠加经济衰退担忧卷土重来，这些因素共同导致投资者面临高度不确定的市场环境。 在此背景下，黄金投资需求激增，推动一季度黄金需求总量达到自2016年以来最高的一季度水平。 Louise Street认为，展望未来，宏观经济形势仍难以预测，而这种不确定性或许会为金价带来进一步上 行潜力。随着动荡局势的持续，未来数月内，来自机构、个人及官方部门的黄金避险需求或将进一步攀 升。(完) 中新网上海4月30日电 (高志苗)世界黄金协会30日发布的2025年一季度《全球黄金需求趋势报告》显 示，一季度的全球黄金需求总量(包含场外交易)达1206吨，同比增长1%。黄金ETF需求复苏，推动一季 度黄金投资需求总量增长逾一倍，达552吨，同比增长170%，创下自2022年一季度以 ...

Core Viewpoint - Since reaching a historical high on April 22, gold prices have experienced a pullback, with COMEX gold futures trading around $3,325.3 per ounce as of April 29, down approximately $180 from the previous week's peak of $3,509.9 per ounce [1] Group 1: Hedge Fund Activity - The recent decline in gold prices is attributed to hedge funds reducing their net long positions in COMEX gold futures, with a decrease of 1.1196 million ounces reported for the week of April 22 [2][4] - Hedge funds have been consistently reducing their net long positions since mid-April, driven by a historical pattern of price corrections following new highs [2][11] - Despite the selling pressure from hedge funds, gold prices initially continued to rise due to concerns over global trade and economic uncertainties, which drove investors to seek gold as a safe haven [3][8] Group 2: Market Dynamics - The market saw a significant inflow into gold ETFs, with a net inflow of $3.3 billion, indicating a growing preference for gold as an investment [10] - The increase in gold ETF holdings during the first quarter of this year was 226.5 tons, which supported the rising gold prices [11] - The sentiment among hedge funds remains bullish on gold, as they continue to view it as a valuable asset despite their recent profit-taking strategies [11][12] Group 3: Protective Measures by Traders - Gold producers and trading firms have increased their net long positions in COMEX gold futures to counteract the selling pressure from hedge funds, with increases of 520,800 ounces and 1,993,700 ounces respectively [12] - The actions of trading firms are aimed at maintaining market liquidity, especially when hedge funds are heavily shorting gold futures [12][13] - The protective strategies employed by trading firms may not fully offset the selling pressure from hedge funds, indicating a complex market dynamic [12][13] Group 4: Future Price Expectations - Analysts predict that gold prices may reach $3,350 per ounce by the end of the year, with potential average prices of $3,900 per ounce by next year if demand from central banks continues [14] - The current geopolitical and economic environment is characterized by rising risks and inflation expectations, enhancing gold's appeal as a traditional safe-haven asset [14]

Core Viewpoint - The Chinese gold market showed robust development in Q1 2025, with various data reflecting its complex structure and inherent vitality. Group 1: Domestic Gold Production - In Q1 2025, domestic gold production reached 87.243 tons, an increase of 1.284 tons or 1.49% compared to Q1 2024 [1] - Gold mine production accounted for 61.772 tons, while by-product gold from non-ferrous metals contributed 25.471 tons, forming a significant part of domestic gold production [1] - Total gold production, including imports, was 140.830 tons, reflecting a year-on-year growth of 1.18% [1] Group 2: Trading Market Activity - The Shanghai Gold Exchange saw a total trading volume of 16,000 tons (double-sided), a year-on-year increase of 4.57%, with a trading value of 10.70 trillion yuan, up 42.85% [2] - The Shanghai Futures Exchange reported a trading volume of 55,400 tons (double-sided), a significant increase of 91.17%, with a trading value of 30.52 trillion yuan, up 143.69% [2] - The surge in trading volume and value indicates strong market recognition of gold's investment value amid global economic uncertainties [2] Group 3: Gold Reserves and Investment - Domestic gold ETF holdings increased by 23.47 tons in Q1 2025, reaching a total of 138.21 tons, marking a year-on-year growth of 327.73% [3] - China increased its gold reserves by 12.75 tons, bringing the total to 2,292.33 tons by the end of March [3] - The simultaneous increase in gold holdings by the central bank and private investors highlights gold's growing importance in asset allocation [3] Group 4: Consumption Trends - Gold consumption in China totaled 290.492 tons in Q1 2025, a decline of 5.96% year-on-year [4] - Jewelry consumption fell by 26.85% to 134.531 tons, while investment in gold bars and coins rose by 29.81% to 138.018 tons [4] - The high gold prices have suppressed jewelry demand, but there is a growing interest in innovative gold products among younger consumers [4] Group 5: Price Trends - By the end of March 2025, the London spot gold price was $3,115.10 per ounce, up 17.79% from the beginning of the year [5] - The average price for Q1 2025 was $2,859.62 per ounce, a 38.16% increase compared to the same period in 2024 [5] - The Shanghai Gold Exchange's Au9999 gold price closed at 730.80 yuan per gram, reflecting a 19.02% increase since the start of the year [5] Group 6: Market Insights - The structural changes in the gold market reflect deeper adjustments in the global economic landscape, with central bank purchases and private investment demand indicating a decline in trust in fiat currency systems [5] - Experts suggest that the high gold prices are pushing the industry to innovate and adapt to changing consumer preferences, emphasizing the cultural and aesthetic value of gold [5][6]

可选消费板块跌约3%，成份股特斯拉跌超7%，科技板块跌2.8%，电信板块也跌超2%，能源板块跌1.8%。费城半导体指数跌超3.3%。 大型科技股普跌，英伟达、亚马逊跌超2%。 美股大跌！ 美国加密货币股上涨，ISHARES比特币信托上涨4.1%，PROSHARES比特币策略交易所交易基金上涨3.9%。 受特朗普威胁解雇鲍威尔言论影响，美股持续走低，截至发稿，纳指跌幅扩大至2.96%，标普500指数跌2.6%，道指跌超1000点，跌2.56%。 周一，美元指数（DXY）暴跌超过1%，一度跌破整数关口98，为2022年3月以来最低点。现货黄金成功站上3420美元/盎司，再刷历史新高。 | 全球 | Ａ股 | 港股 | 美股 | | | --- | --- | --- | --- | --- | | 纳斯达克 | 道琼斯 | | 标普500 | | | 15804.30 | 38140.16 | | 5145.13 | | | -482.15 -2.96% | -1002.07 -2.56% | | -137.57 -2.60% | | | 涨1156 | | | | 跌4485 | 美国10年期国债收益率回落至4 ...

今日国际金价再度大涨，国际黄金价格一举飙涨超 2%，历史性破3400美元大关，短短8个交易日内飙涨超400美元，强力刺激了全球投资者 的神经。 受此影响， A股黄金板块也掀起了涨停潮，其中，晓程科技暴涨20%，四川黄金、赤峰黄金、西部黄金等均强势涨停，有多只黄金主题ETF大 涨， 黄金股 ETF(159562) 今日罕见涨停，年内涨幅达 42.33%，位居ETF涨幅榜第一； 黄金 ETF华夏(518850) 今日上涨 1.88%，年内涨 幅30.51%，近三年涨幅89.75%，领跑全市场。 美银发布的客户资金流报告显示，资金疯狂涌入黄金 ETF。截至上周三的一周时间内，黄金ETF单周资金流入规模高达80亿美元，创下历史纪 录。 自特朗普当选以来，全球局势扑朔迷离，黄金成为资金避风港。据国际清算银行测算，全球央行外汇储备中美元占比已从 2001年的73%降至 2025年一季度的54%，而黄金占比同期由8.7%攀升至18.3%。 资金买入黄金，不仅仅是对冲美国通胀需求，更是对不确定性的迫切押注。 面对这个历史性的大行情，投资者绝对不应错过。 疯狂的金价 01 作者 | 独行侠 数据支持 | 勾股大数 据（www. ...