数据显示，截至2025年3月31日，沪深300红利低波动指数前十大权重股分别为中国神华、格力电器、大 秦铁路、中国石化、宝钢股份、双汇发展、宁沪高速、海螺水泥、华域汽车、中国电信，前十大权重股 合计占比37.95%。 今年一季度，尽管红利指数出现一些震荡，但红利基金仍然受到资金青睐，规模创历史新高。Wind数 据显示，截至今年一季度末，红利基金总规模达2513.67亿元，较去年四季度末增加约270亿元。 中信证券研报指出，"对等关税"政策的实施直接引发全球资本避险模式，风险资产持续大幅下跌，避险 资产或成较大赢家，关税风暴所带来的催化与红利基本面的坚实逻辑有望形成向上共振。 没有股票账户的场外投资者可通过对应的沪深300红利低波动ETF联接基金（007606）把握投资机会。 截至2025年4月28日 10:52，沪深300红利低波动指数上涨0.94%，成分股宝钢股份上涨5.72%，格力电器 上涨4.09%，国投电力上涨2.34%，江苏银行上涨1.81%，华能水电上涨1.80%。红利低波ETF基金 (515300)涨近1%。 流动性方面，红利低波ETF基金盘中成交2287.42万元。规模方面，红利低波ETF基金 ...

Core Viewpoint - Gold is reaffirming its value as a hedge against financial turmoil, driven by concerns over U.S. tariffs, inflation pressures, and the erosion of dollar credibility [1] Summary by Relevant Sections Historical Context - Gold has been recognized as a universal value for over 4,000 years, possessing natural currency attributes due to its physical properties and scarcity [1] - The decoupling of the dollar from gold in the 1970s marked the beginning of the "de-monetization" narrative for gold, coinciding with the rise of economic globalization [1] Recent Trends - Since the dollar's decoupling from gold in 1971, gold prices have experienced three significant surges: - From $35 to $850 during the 1970-1980 stagflation period [1] - From $700 to $1920 during the 2008 financial crisis [1] - Surpassing $2000 in 2020 amid the pandemic and global monetary easing [1] - The current economic environment, characterized by U.S. tariffs and domestic financial challenges, is driving gold prices upward [1] Central Bank Actions - Central banks globally are accumulating gold at an unprecedented rate, with purchases exceeding 1,000 tons for the third consecutive year in 2024 [1] - This collective action is aimed at hedging against dollar risks and is seen as a strategic move to reshape the international monetary system [1] - An increase of 100 tons in central bank gold demand is estimated to raise gold prices by 2% [1] Investment Considerations - While gold is viewed positively, ordinary investors face risks due to potential price volatility influenced by U.S. policy changes and geopolitical shifts [1] - Historical instances of significant price drops, such as an 18% decline within three months, highlight the need for caution [1] - Financial institutions are warning about the risks of gold investment, particularly for those using high leverage [1]

Group 1 - The core viewpoint is that despite recent fluctuations in gold prices, gold remains a valuable asset for investment due to global uncertainties, with significant increases in gold stock prices and related ETFs this year [1][3] - Gold stocks have seen substantial price increases in 2023, with notable gains for companies such as Chifeng Jilong Gold Mining (up 77.13%), Western Gold (up 59.13%), and Hunan Gold (up 47.7%) as of April 24 [1] - Several funds have heavily invested in gold stocks, with examples including ICBC Credit Suisse's fund holding 8 million shares of Zhaojin Mining and Penghua China 50 fund having a 9.99% allocation to Shandong Gold [1][2] Group 2 - The manager of Penghua China 50 fund highlighted a focus on upstream resource assets, particularly gold, as they are sensitive to market changes and provide solid returns during economic downturns [2] - Gold-related ETFs have experienced both performance and share growth in 2023, with several ETFs seeing net value increases close to 30% and significant share increases, such as Huashan Gold ETF gaining 36.49 million shares [2] - From a long-term perspective, gold is seen as having significant allocation advantages due to rising risk aversion in stock markets, ongoing central bank gold purchases, and expectations of interest rate cuts by the Federal Reserve [3]

Core Viewpoint - The recent sharp sell-off in gold prices is attributed to easing global tensions, particularly between the US and China, which has reduced safe-haven demand for gold [3][4]. Market Analysis - Gold prices have experienced a significant increase of nearly $700 this year, reaching historical highs, but optimism regarding global trade relations has shifted investor sentiment towards riskier assets, putting pressure on gold prices [4][6]. - The current key support level for gold is at $3260, and if this level is breached, it could lead to further declines towards $3225 and potentially $3200 [4][7]. Technical Analysis - Recent price action shows gold has been consolidating at high levels, with a notable resistance around the $3368-$3370 range, which has become a critical barrier for upward movement [6]. - The market sentiment indicates a likely continuation of bearish trends, especially if gold prices fall below the $3260 support level [6][7].

这周，黄金走出了"过山车"行情，几乎每天都会上一两个热搜。先是在北京时间22日，国际金价一度突 破每盎司3500美元，创历史新高。紧接着第二天，金价就大幅跳水，最低跌到每盎司3200多美元。24 日、25日两天，金价又开始反弹和震荡，回到3300美元左右。 那金价为什么会上蹿下跳呢？一般来说，黄金是传统的避险资产，当市场风险上升时，黄金就会受到追 捧。最近有什么风险需要规避呢？显然是美国政策的"反复横跳"。 北京时间21日、22日，国际金价连续冲高，很重要的一个原因，就是美国总统特朗普公开指责美联储主 席鲍威尔在降息上反应迟缓。市场对美联储独立性和鲍威尔可能被解雇的担忧，推动投资者转向避险黄 金。 当地时间22日，特朗普改口说他无意解雇鲍威尔，同时将"大幅下调"对中国征收的高额关税。避险情绪 降温导致金价应声下跌。 金价暴涨暴跌，让黄金投资的风险加大。一天一个价，有时克金价隔天相差40-50元。为了规避交易风 险，一些黄金门店不得不上调购买投资金条的交易保证金。 A 028900 ck Life the 他是以830 刀成 F 深圳某珠宝广场商家叶佐耿表示，会涉及一些买卖毁约的情况。比如说22日830元每克交 ...

All rights reserved 昨日财经夜读&潘旭东财经说 最近全球金融市场热闹的很，黄金刚创下历史新高，转头就上演"高台跳水"，单日暴跌4%，大妈们看着手里的金镯子直叹气；另一边，比特币却像坐火箭 一样，一天内暴涨超6.77%，价格直冲9.4万美元，炒币青年们欢呼"数字黄金才是未来"。 这种"冰火两重天"的景象着实奇怪。黄金作为传承千年的避险资产，为何突然"失宠"？比特币这个年仅16的"叛逆少年"，又凭什么在传统金融的暴风雨中站 稳脚跟？ 一、黄金暴跌的 "黑天鹅" 群舞 黄金的突然"失宠"并非偶然，而是多重因素叠加的结果。 首先，美联储的"鹰派"突袭成为导火索。4月17日，美联储主席鲍威尔在国会听证会上释放强烈鹰派信号："通胀风险高于一切，6月降息可能性已大幅降 低"。这一表态直接引爆市场，美元指数从99低位反弹至99.5，黄金投机多头迅速撤离。短期来看，若6月降息落空，美元可能阶段性走强，金价或回踩3050- 3100美元支撑。 其次，地缘风险的"退潮"也加速了黄金的下跌。此前支撑金价的两大"发动机"突然熄火：乌克兰宣布暂停远程武器袭击（虽未达成协议），特朗普暗示可能 豁免部分国家汽车关税。市场 ...

在全球经济不确定性加剧的背景下，黄金作为传统避险资产正迎来前所未有的上涨行情。摩根大通 （JPMorgan）最新研究报告指出，黄金的强劲需求将推动价格持续攀升，并预计在2026年第二季度突破 每盎司4000美元的历史性关口，年均价格有望达到3675美元。 报告还提到，美国国债收益率的"非典型"上行，可能引发外国投资者减持美债，转而增持黄金。Shearer 认为："在全球避险情绪升温的背景下，黄金的货币属性和抗通胀能力使其成为更受青睐的资产。" 尽管金价已处于历史高位，但摩根大通认为，当前的涨势并非短期投机行为，而是由结构性因素驱动的 长期趋势。Shearer总结道："无论是央行、机构还是个人投资者，都在重新评估黄金在其资产配置中的角 色。在宏观经济不确定性持续的背景下，黄金的牛市行情可能才刚刚开始。" 随着市场对滞胀和地缘风险的担忧加剧，黄金能否在2026年突破4000美元大关？摩根大通的预测或许只 是这场黄金盛宴的开端。本文由deepseek生成结果丰富文章内容。来源：金融界 M > Gold COMEX (Jun'25) Data is delayed | Exchange | USD QUOTE DET ...

一样的行情，不一样的指导，不一样的人生。新手的特点就是不懂技术，盲目进场。他们每次交易只考虑一个问题：认为只要预判了市场涨跌就可以去做这 笔交易。这种重方向、轻位置的做法使得交易者一败涂地。其实，顺势而为的"势"跟"方向"是有很大差别的，因为市场的运动方向呈现震荡的形态运行，而 市场的趋势往往是全局性的。在我这里，我能做的是帮你合理的把控仓位，利用支撑和阻力位下单，让每一单有理可依，有迹可循。买卖点位不应该是随意 进场，请对自己的资金负责。如果你对行情真的无法把握，可以前来找到我，多一个分析师对你来说没有任何损失，永远记住一句话，专业的人做专业的 事，一切实战只为盈利，合作只为双赢。 黄金下周行情趋势分析： 原油技术面分析：原油从日线图级别看，中期走势均线系统向下排列，中期客观趋势方向向下。油价触及55.20低点后，形成的多空的频繁交替，中期在积 蓄空头的动能，后期有望进一步下行至50位置。原油短线(1H)走势呈次要震荡节奏运行，油价反复穿越均线系统，短线客观趋势方向为震荡节奏。MACD止 步快慢线脱离空头逐步上测零轴位置，多头动能转暖。预计原油震荡节奏拉长，有望出现先上涨再回落的节奏运行概率较大。综合来看， ...

2025年以来，全球黄金市场在多重因素驱动下呈现出显著的上涨态势。从宏观经济环境到地缘政治风险，再到市场供需关系，黄金价格的波动不 仅反映了市场的不确定性，也为投资者提供了新的机遇。Macro Global Markets巨汇平台通过对当前市场动态的深入分析，为黄金投资者、市场分 析师、经济研究员及金融从业者提供全面的解读与策略建议。 一、全球经济疲软与避险需求的双重驱动 2025年一季度，全球经济呈现总供给与总需求同步走弱的特征，经济活动放缓的迹象愈发明显。在此背景下，投资者的风险偏好显著下降，资金 纷纷涌入黄金等避险资产，推动黄金及黄金ETF的需求和价格上涨。这种现象可以类比为"风暴中的灯塔"——当经济形势的不确定性加剧时，黄 金作为避险资产的吸引力如同黑暗中的光明，成为投资者寻求安全的首选。 与此同时，美元指数的持续走弱为金价提供了重要支撑。自4月以来，美元指数累计跌幅超过5.5%，创下2022年4月以来的新低。美元的疲软使得 以美元计价的黄金更具吸引力，进一步推动了资金流入黄金市场。这种现象可以理解为"跷跷板效应"——美元走弱，黄金则随之走高。 二、地缘政治风险与市场情绪的推波助澜 地缘政治风险始终是 ...

Core Viewpoint - Gold prices are experiencing a decline from record highs due to improved market sentiment and a rebound in the US dollar, despite ongoing long-term bullish factors for gold [1][6][7] Market Sentiment Shift - The shift in market sentiment is closely linked to gold price fluctuations, with a previous increase of over 26% since early 2025 driven by trade tensions and geopolitical uncertainties [3] - President Trump's comments about not firing Federal Reserve Chairman Powell and progress on tariff issues have alleviated concerns about the Fed's independence and reduced risks of escalating trade tensions, leading to a preference for risk assets over safe havens like gold [2][3] Technical Adjustment Pressure - Following the record high of $3500, gold prices have seen a sharp reversal, indicating potential for further technical adjustments [4] - The strengthening of the US dollar is exerting additional pressure on gold prices, as a stronger dollar makes gold more expensive for investors holding other currencies [4] Performance of Other Precious Metals - Despite the decline in gold prices, other precious metals have shown relative stability, with silver rising by 3% to $33.48 per ounce, platinum increasing by approximately 1.1% to $969.1, and palladium holding steady at $935.59 [5] Market Outlook - Long-term drivers for gold prices remain intact, including trade tensions, geopolitical uncertainties, and complex global economic conditions that support safe-haven demand [6] - Short-term adjustments may continue due to improved market sentiment and the dollar's rebound, necessitating close monitoring of trade negotiations, Federal Reserve policy changes, and global economic data [7]