炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 每经编辑|毕陆名 10月15日，国际黄金再创历史新高。 截至发稿，COMEX黄金突破4200美元/盎司大关，最高触及4210美元/盎司，最大涨幅1.14%；伦敦现货 黄金突破4190美元关口，最高触及4193美元/盎司，最高涨幅1.24%。 10月以来，国际金价连续突破4000美元、4100美元、4200美元大关，累计涨超300美元，涨幅约8%。 受金价上涨影响，15日国内金饰克价继续上调，周大福足金首饰价格由前日的1215元/克上涨至1235元/ 克，一夜大涨20元；周生生足金首饰价格由前日的1213元/克上涨至1227元/克，一夜大涨14元；老凤祥 足金首饰价格由前日的1206元/克上涨至1230元/克，一夜大涨24元。 图片来源：视频截图 随着黄金价格持续走高，投资和回收市场都迎来热潮。商场再现卖金长龙，顾客要早起拿号排队才能 兑。有黄金收兑处工作人员表示，近期来回收的顾客人数比平时多了一半，商场一开门就有人来排队取 号，一天可收1000~1500克黄金。 今早，"男子变现2公斤金条净赚百万"冲上热搜，让网友直呼太羡慕。 天电话都 ...

Core Viewpoint - The international gold price continues to rise, recently surpassing $4,100 per ounce, with a year-to-date increase of over 50%, making it one of the best-performing assets globally [1] Group 1: Price Movement and Influencing Factors - The rapid increase in gold prices began in late August, with a rise of over 23.2% from August 21 to October 14 [1] - The main drivers of this gold price surge are increased global risk aversion and a decline in the credibility of the US dollar [1] - The Federal Reserve's interest rate cuts are seen as a triggering factor for the rise in precious metals, with expectations of further cuts strengthening since August [3] Group 2: Central Bank Actions and Market Sentiment - Global central banks have been key players in driving up gold prices, with a reported increase of 166 tons in official gold reserves in Q2 of this year, reaching historical highs [3] - The annual gold purchase volume by central banks is expected to exceed 1,000 tons from 2022 to 2024, reflecting ongoing uncertainty in global trade and geopolitical risks [3][4] - The demand for gold as a safe-haven asset has intensified due to rising geopolitical tensions and concerns over the US government's fiscal situation [3][5] Group 3: Future Outlook and Predictions - Most market institutions predict that gold prices may continue to strengthen, supported by factors such as further Fed rate cuts and increasing geopolitical risks [4] - Goldman Sachs has raised its forecast for the international gold price in December 2026 from $4,300 to $4,900 per ounce, anticipating increased ETF holdings driven by diversification [4] - The long-term trend of central banks increasing gold reserves is unlikely to change, given gold's unique advantages in risk aversion and inflation protection [4] Group 4: Market Dynamics and Investor Considerations - Despite the positive outlook, there are concerns about potential profit-taking and speculative pressures that could lead to price corrections [6] - Investors are advised to remain cautious of potential negative factors, such as the performance of other metals and the rise of digital currencies, which may challenge gold's safe-haven status [6]

另外，美联储理事鲍曼提出 "年底前再降息两次" 的预期，这与美联储 9 月公布的点阵图预测相契合，这使得年内（很可能包括 10 月和 12 月）各降息 25 个基点的路径变得愈发清晰。 我是香港第一金市场部的李经理，今天和大家分享一下市场动态。说实在的，我真没想到，昨天晚间鲍威尔暗示支持进一步降息。自从他被川普叫去谈话 之后，如今全是鸽派发言，之前那副桀骜不驯的劲儿都没影了。 当地时间 10 月 14 日，美联储主席鲍威尔称，美国劳动力市场显露出进一步的困境迹象，这暗示着他或许准备支持本月晚些时候再度降息。鲍威尔明确指 出："就业的下行风险已经上升。" 这堪称迄今为止最为强烈的暗示，表明美联储官员觉得他们有充足的证据来支撑将美国借贷成本再次下调 25 个基点。 鲍威尔还补充道，即便没有新的劳工统计局数据（因政府关门而推迟发布），私人制作的就业市场指标以及美联储内部研究，也提供了足够充分的理由， 足以表明就业市场正在降温。"现有证据" 显示，"裁员和招聘人数依旧处于很低的水平"，并且 "家庭对就业机会的看法和企业对招聘困难的看法继续呈下 降趋势"。 从这些言论能明显看出，鲍威尔在货币政策上越发鸽派。当下，市场对 ...

21世纪经济报道记者林汉垚 见习记者冯紫彤 面对持续"狂飙"的金价，银行"积存金"的起存门槛正以罕见频率密集上调。 10月14日，中国银行发布公告表示将调整积存金产品的购买条件，将最小购买金额由850元上调至950 元。值得一提的是，这是该行年内第四次调整，起存门槛已较年初足足提高了300元。 "积存金"持续火热，多家银行紧急调高门槛 看着已经飙升到每克955元的黄金积存价，桂先生将原计划买黄金的钱从银行账户中转回了余额宝，"留 了一点，等价格降了就买，应该会回落到900块吧？" "这波涨得实在太猛了。"在微博、小红书等社交平台上，与桂先生一样原本持币观望、却骤然发现自 己"高攀不起"的投资者不在少数。 金价持续攀升，吸引着不少普通投资者加入"炒金"大军。与传统金条、金饰相比，门槛更低、交易更便 捷的"积存金""纸黄金"等账户黄金产品，愈加受到普通投资者的青睐。如今，通过支付宝、京东金融及 各大银行APP"云买金"，已成为不少人参与这轮行情的主流方式。 热潮之下，风险也随之浮现，各类关于投资者违规贷款买金的消息也不绝于耳。为此，多家银行近期密 集发布风险提示，并陆续上调积存金产品的起存门槛。 2025年以来， ...

10月15日，国际黄金再创历史新高。截至10时，COMEX黄金突破4200美元/盎司大关，最高触及4205.8 美元/盎司，最大涨幅1.02%；伦敦现货黄金突破4180美元关口，最高触及4186.8美元/盎司，最高涨幅 1.09%。 周大福今日金价截图 男子卖掉2公斤金条净赚100多万 15日一早，"男子变现2公斤金条净赚百万"冲上热搜，让网友直呼太羡慕。 据海报新闻，金饰克价突破1200元，山东烟台一男子将2公斤金条出手变现净赚100多万。黄金回收商孙 先生称，客户四五年前从银行购入，当时的金价大约390多元一克，"客户此次出手净赚100多万，现在 自己每天电话都接不过来了，一天能收100多单"。据报道，今年以来，现货黄金价格已累计上涨超 57%。 一些准备结婚买"三金"的年轻人、想给长辈买金镯当礼物的人，感触很明显：以某品牌金饰为例，去年 同期100克金饰预算8万元左右就能拿下，现在直奔11万元，硬生生多掏超3万元！ 10月以来，国际金价连续突破4000美元、4100美元、4200美元大关，累计涨超300美元，涨幅约8%。 受金价上涨影响，15日国内金饰克价继续上调，周大福足金首饰价格由前日的1215元/ ...

Group 1 - Recent surge in gold prices is closely related to various situations in the US, including monetary policy easing, government shutdown concerns, worsening debt issues, escalating trade tensions, and questions about the independence of the Federal Reserve [1] - The Federal Reserve has entered a rate-cutting cycle, with expectations for further cuts, which lowers the opportunity cost of holding gold and weakens the dollar, driving up gold prices [1] - The US government shutdown has raised concerns about the credibility of the US, leading global investors to seek refuge in gold, further supporting its price [1] Group 2 - The US public debt has reached 99% of GDP, raising concerns about the dollar's credibility and increasing demand for gold as a hedge [1] - Trade tensions, including threats of tariffs on Chinese goods, have heightened market risk aversion, prompting investors to turn to gold [1] - The abuse of the dollar's hegemonic status by the US government has led to a global trend of "de-dollarization," with central banks increasing their gold reserves significantly this year, providing strong support for gold prices [1] Group 3 - As of October 15, 2025, gold prices are at $4187.05 per ounce, reflecting a 0.62% increase, with a year-to-date rise of over 30% [2] - Short-term investment in gold carries significant risks due to price volatility influenced by various factors, making it less suitable for ordinary investors [2] - For long-term asset allocation, gold can serve as a risk hedge, with a recommended allocation of 5% to 10% in investment portfolios [2]

Group 1 - Federal Reserve Chairman Powell warns of increasing risks in the U.S. labor market, indicating that "the downside risks to employment have risen" [1] - Powell suggests that the Federal Reserve may soon end its long-standing efforts to reduce its balance sheet, stating that they are closely monitoring various indicators to determine if this goal has been achieved [1] - Market interprets Powell's remarks as dovish, paving the way for a potential interest rate cut at the end of October, with expectations that a rate cut is almost certain [4] Group 2 - Former President Trump escalates trade tensions by threatening to terminate business relations with China in the edible oil and other trade sectors, following complaints about China's soybean purchases [5] - Gold prices experienced volatility, initially rising to 4180 before a sharp drop to 4090, attributed to market rumors and trading activities related to silver [5] - Despite the fluctuations, the outlook for gold remains bullish, with expectations to reach the 4200 USD mark, while cautioning against potential sudden sell-offs [10]

Group 1 - The expectation of a Federal Reserve interest rate cut has increased, leading to a strong performance in gold prices, with COMEX gold futures reaching a high of $4205.8 per ounce, breaking historical records [1] - As of October 14, 2025, the scale of the gold ETF (518660) reached 4.675 billion yuan, marking a historical high, with circulating shares increasing by 205.11% since the beginning of the year [1] - In the past five trading days, the gold ETF has attracted a total of 521 million yuan in inflows, indicating strong investor interest [1] Group 2 - The management fee and custody fee for the gold ETF (518660) are currently at 0.15% and 0.05%, respectively, making it one of the lowest fee structures in the market [1] - External uncertainties and expectations of monetary easing are driving gold prices higher, supported by the Federal Reserve's rate cut expectations, a decline in the dollar, and the U.S. fiscal deadlock [1] - Investors can also participate in gold investments through linked funds with a management and custody fee of only 0.2%, and specific funds offer no redemption fees for holdings over seven days [2]

Group 1 - Gold prices reached a historical high, with futures hitting $4200 per ounce and spot gold reaching $4179.92 per ounce, marking an increase of 0.88% and nearly 0.9% respectively [1] - The price of gold jewelry has surged, with brands like Lao Miao and Chow Tai Fook reporting prices of 1235 RMB per gram, reflecting the rising gold market [1][2] - A notable case involved an individual selling 2 kilograms of gold bars for a profit of over 1 million RMB, highlighting the lucrative nature of gold investments as prices have increased by over 57% this year [2] Group 2 - Investment institutions have raised their gold price forecasts, with predictions suggesting that gold could reach $4200 per ounce in the coming months, and Morgan Stanley forecasting $4500 per ounce by mid-2026 [3][4] - Goldman Sachs has increased its forecast for gold prices in December 2026 from $4300 to $4900 per ounce, indicating a potential upside of approximately 23% [4] - Central bank purchases and inflows into gold ETFs are expected to support gold prices, with projections of monthly purchases of 80 tons and 70 tons in 2025 and 2026 respectively [4]

注：如提及个股仅供参考，不代表投资建议。指数/基金短期涨跌幅及历史表现仅供分析参考，不预示 未来表现。市场观点随市场环境变化而变动，不构成任何投资建议或承诺。文中提及指数仅供参考，不 构成任何投资建议，也不构成对基金业绩的预测和保证。如需购买相关基金产品，请选择与风险等级相 匹配的产品。基金有风险，投资需谨慎。 每日经济新闻 相关机构表示，国庆假期以来黄金继续上行趋势，金价突破新高。美国联邦政府停摆叠加数据空窗期带 来宏观不确定性的大幅提升。从长期看，联邦政府持续停摆、政治僵局加剧、财政纪律弱化，都在逐步 侵蚀美元作为全球储备货币的基础。此外，中美贸易摩擦或升级，关税冲突再起，市场避险情绪增强。 短期看金价受到多因素驱动有望上行；同时也需关注中东地缘局势出现缓和迹象、投机资金获利了结等 因素带来的回调风险。中长期"美联储开启降息周期+海外宏观政策不确定性加剧+全球去美元化趋 势"对于金价构成一定支撑，或可考虑逢低分批布局黄金基金ETF（518800）。 黄金基金ETF（518800）持有的基础资产是上海黄金交易所挂牌交易的黄金现货合约（AU99.99），它 直接对应着存放在上金所金库中的实物黄金，并可以通过合 ...