国际黄金价格自1月初回落至4340美元/盎司关口后，随着一系列刺激影响开始重新强势上涨，截至1月 21日盘中最高触及4891.1美元/盎司的历史极值，不到20天内累计涨幅达12.7%。 国内黄金期货主合约价格在今天盘中也大4.61%一举1100元/克大关。 股市方面，今天黄金股掀起涨停潮，招金黄金、白银有色、赤峰黄金、四川黄金等超十只黄金股集体封 板涨停。 作者 | 哥吉拉 数据支持 | 勾股大数据（www.gogudata.com） 2026年开年以来，国际黄金市场迎来超预期的强势行情。 黄金大牛市下，黄金股ETF(159562)今日涨5.73%，今年以来的近13个交易日累计涨25.82%，净值续创 历史新高。 随着金价不断"破百"，之前还被市场认为高不可攀的5000美元/大关也近在咫尺，机构们开始频频上调 对目标价，又给市场带来了更多的看涨信心。 01 地缘冲突升级， 黄金资产成为最强避风港 这轮黄金大涨并非单一因素驱动，而是地缘风险、货币政策、央行配置与美元信用重构多重力量交织的 结果，共同铸就了这场贵金属盛宴。 其中，近期地缘冲突升级，刺激避险资金"疯狂涌入"是首要因素。 最近，美国总统特朗普以国家安 ...

今日直接拉升突破4800关口后延续大幅拉升，目前已经触及到4870附近盘整，多头已经疯狂，做多已经 成为习惯，目前的行情技术面已经没有太大作用，我们也不作过多解析，等多守多破高多，仅此而已， 目前关注4800整数关口，回踩依托这里继续看涨，有望冲击4900关口，高点刷新后那就去看向5000关 口。操作参考黄金4816区域多，防护4800，目标4900。 新浪合作大平台期货开户 安全快捷有保障 1月21日，周二，黄金继续强势上升，抵达所讲的4700上方，在基本面是牛市的背景下，川普不断送上 利好，这对金价的多头来说属于如虎添翼，一直强调顺势做多看涨，无限看高不猜顶！ 昨日强调黄金强势横盘之后直接多看延续拉升，依托4653防守看涨4700，站上4700关口后继续看加速大 涨，你以为位置很高了不敢多，其实上涨才刚刚开始，4700，4800，整百关口不断刷新，昨天看起来很 高的位置，今日去看，还高吗？只能说顺势轻飘飘，逆势乱糟糟，跟随市场趋势就是收获满满，连续做 多就是爽歪歪！ 新浪声明：此消息系转载自新浪合作媒体，新浪网登载此文出于传递更多信息之目的，并不意味着赞同 其观点或证实其描述。文章内容仅供参考，不构成投资 ...

抛售美债 避险升温 此前，美国总统特朗普就格陵兰岛问题向欧洲多国发出新的关税威胁，以德国和法国为代表的欧洲国家 表示将强势反击。在第一轮较量之后，特朗普并未收敛。当地时间1月20日，美国总统特朗普宣称，他 控制格陵兰岛的目标绝不会改变，并且不排除以武力方式夺取格陵兰岛的主权。 美欧贸易摩擦显著升级，受此影响，市场开启"抛售美国"的交易模式。基准的10年期美债收益率大幅上 扬，最终收于4.300%；美元指数大幅下跌，最低触及98.20附近，欧洲多国股市遭受重创，恐慌情绪急 剧飙升，避险资产遭到疯抢。 美元信用趋弱 央行持续购金 2025年世界黄金协会对央行黄金储备的调查结果显示，76%的受访央行表示，未来5年黄金储备占比将 继续"温和上升（Moderately higher）"。我国央行已连续14个月增持黄金储备，波兰央行计划再购入150 吨黄金，使黄金储备总量达到700吨。机构持续的购金行为将在中长期为黄金牛市提供支撑，暗示黄金 牛市仍未终结。 本轮黄金牛市的核心驱动因素在于美元信用缺失。去年特朗普推行"对等关税"政策，致使美元在全球贸 易结算中的比例明显下降。当下，特朗普再度挥舞关税大棒，欧盟已冻结与美国的 ...

Core Viewpoint - The article discusses the cyclical nature of gold markets, emphasizing that while technology and systems evolve, human emotions such as fear, greed, and the desire for wealth remain constant. Gold serves as a historical anchor during times of economic turmoil and uncertainty [3][4]. Group 1: Historical Context of Gold Bull Markets - The article reviews three significant gold bull markets: 1971-1980, 1998-2011, and 2018-present, highlighting how each period reflects societal anxieties and economic conditions [7][21]. - The first bull market (1971-1980) was characterized by the collapse of the Bretton Woods system, leading to inflation and economic stagnation, which drove gold prices from approximately $37/oz to over $500/oz by 1979 [9][15]. - The second bull market (1998-2011) began after a prolonged bear market, with gold prices rising from around $252/oz in 1999 to a peak of $1920/oz in 2011, driven by economic crises and geopolitical tensions [30][35]. Group 2: Recent Developments and Current Trends - The current gold market (2018-present) has seen renewed interest due to global economic uncertainties, trade tensions, and the COVID-19 pandemic, with gold prices surpassing $2000/oz in 2020 [43][45]. - Central banks, particularly in emerging markets, have shifted from being net sellers to net buyers of gold, with significant purchases recorded in 2024, indicating a strategic move towards diversifying reserves [47][48]. - The article notes that despite high interest rates, gold has shown resilience, with prices remaining elevated amid financial instability and geopolitical conflicts, suggesting a strong underlying demand for gold as a safe-haven asset [46][48].

| 型物黄金 | | 更多>> | | --- | --- | --- | | 品牌 | 名称 | 价格 | | 老凤祥 | 黄金价格 | 1498.00 | | 周大福 | 黄金价格 | 1498.00 | | 周牛牛 | 黄金价格 | 1495.00 | | 老庙 | 黄金价格 | 1493.00 | | 周六福 | 黄金价格 | 1440.00 | | 六福珠宝 | 黄金价格 | 1453.00 | | 間大生 | 黄金价格 | 1455.00 | | 菜目 | 黄金价格 | 1410.00 | （品牌金价最新情况，来源：金投网） 国内实物黄金市场同样热度攀升，主要金饰品牌价格同步持续上涨，多家品牌报价已逼近1500元/克关口。从八大主流品牌来看，价格梯队明显：老凤祥与 周大福价格最高，均达每克1498元；周生生紧随其后，报价1495元/克；老庙黄金为1493元/克，三大品牌均贴近1500元/克高位；周大生、六福珠宝、周六福 分别报价1455元/克、1453元/克、1440元/克；菜百黄金价格相对偏低，为1410元/克。2026年以来国内金饰价涨幅显著，不到20天部分品牌每克上涨近百 元，与国际金价走强 ...

今日周三(1月21日)亚盘时段，国际黄金最新报价为1081.28元/克，较前一交易日上涨14.70元，涨幅 1.38%，日内呈现强势反弹走势。当日开盘价报1066.54元/克，盘中最高触及1082.73元/克，最低下探至 1065.18元/克。 【要闻速递】 近期黄金的强势表现是地缘政治风险、货币政策预期及技术面突破三大核心因素共振的结果。 摘要今日周三(1月21日)亚盘时段，国际黄金最新报价为1081.28元/克，较前一交易日上涨14.70元，涨幅 1.38%，日内呈现强势反弹走势。当日开盘价报1066.54元/克，盘中最高触及1082.73元/克，最低下探至 1065.18元/克。 周线图显示，MACD稳居零轴上方，布林带向上开口，黄金牛市或刚起步。 现货黄金周线收阳，站稳4764美元/盎司创历史新高，连续三周上涨由避险情绪、技术突破与宏观基本 面共同推动。技术面看，周线突破尤为关键：金价稳居MA20、MA200均线之上，布林带向上延伸，多 头力量强劲;MACD零轴上方持续改善，看涨动能积聚，多指标发出买入信号。 K线方面，本周触及4781美元后收于4750美元上方，形成强势多头格局，连续三根阳线实体放大 ...

黄金市场又一次把全球情绪点燃了。 美国银行首席策略师最新报告中直接抛出重磅预测：金价未来有机会冲上6000美元。他认为全球财政扩张，地缘格局重塑，信用货币摇摆，让黄金和白银重 新站上全球资产舞台的中心。更关键的是，全球黄金配置比例只有0.6%，一旦资金回流，空间相当可观。 有人觉得6000美元过于激进，也有人认为黄金牛市的底层逻辑确实在加强。地缘风险升温，央行持续买金，美元走弱，这些因素叠加，让黄金的吸引力不断 提升。网友的调侃也很真实，"山东黄金要变真黄金"，背后显示的是普通人对货币贬值时代的担忧。 如何在波动中守住财富。要看清这轮行情，历史是最好的参照。1980年的黄金牛市伴随高通胀，美联储激进加息，投机资金疯狂涌入，最终在亨特兄弟试图 操纵白银失败后戛然而止。当年他们用巨额资金推高白银价格，结果被市场反噬，价格瞬间崩塌，许多投资者被套得动弹不得。 如今的环境已经完全不同。全球债务规模远超当年，数字货币推动黄金金融化，ETF持仓量站上历史峰值，COMEX期货的投机占比也逼近警戒线。这些信 号说明黄金的长期逻辑还在，但短期波动也会更加剧烈。 这一观点迅速引发热议。 对于普通投资者来说，最重要的是保持清醒。黄 ...

Core Viewpoint - The article discusses the unusual characteristics of the current gold bull market, highlighting macroeconomic factors influencing gold prices and potential investment opportunities in the sector [1]. Group 1 - The article emphasizes the significance of macroeconomic trends in shaping the gold market, suggesting that these trends are driving a unique bull market for gold [1]. - It mentions the impact of global monetary changes on gold prices, indicating that shifts in currency policies are creating favorable conditions for gold investments [1]. - The research includes a collection of studies on gold and macroeconomic topics, providing a comprehensive overview of the current market landscape [1].

Core Viewpoint - Gold prices have surged, with spot gold reaching $4,701.48 per ounce and COMEX gold hitting $4,707.4 per ounce, marking a new historical high [1]. Group 1: Gold Price Movement - As of January 20, spot gold was priced at $4,698.775, reflecting an increase of $29.591 or 0.63% year-to-date, with an overall rise of 8.81% since the beginning of the year [2]. - COMEX gold reached $4,706.5, up by $29.8 or 0.64% year-to-date, with an increase of 8.64% since the start of the year [2]. - The price of gold jewelry in China has also seen significant increases, with several brands quoting prices above 1,450 yuan per gram [2]. Group 2: Market Analysis and Predictions - Bank of America’s Chief Investment Strategist Hartnett suggests that the new world order is fostering both a stock and gold bull market, despite short-term overbought conditions in gold and silver [3]. - Historical data indicates that the average increase during past gold bull markets is around 300%, suggesting that gold prices could potentially exceed $6,000 [3]. - Geopolitical tensions, particularly in South America and Europe, are contributing to rising gold prices, as concerns over resource security and trade risks provide strong support for gold [4]. - The largest gold ETF, SPDR, increased its holdings by over 20 tons last week, indicating renewed interest from trend-following funds [4]. - Short-term predictions indicate that silver may experience high volatility due to its financial and industrial attributes, while gold is expected to perform more steadily as a core safe-haven asset [4].

Core Insights - The price of spot gold reached a new historical high, surpassing $4700 per ounce, with spot gold peaking at $4701.48 and COMEX gold at $4707.4 on January 20 [1] - Year-to-date, gold prices have increased by over 8%, with significant gains observed as it broke through key levels of $4400, $4500, $4600, and $4700 [2] Gold Market Performance - As of the latest data, the current price of London gold is $4698.775, reflecting an increase of $29.591 or 0.63% year-to-date [2] - COMEX gold is priced at $4706.5, with a year-to-date increase of 8.64% [2] - Domestic gold jewelry prices have also surged, with several brands quoting prices above 1450 yuan per gram, including Lao Miao at 1455 yuan and Lao Feng Xiang at 1456 yuan [2][3] Geopolitical and Economic Factors - The ongoing geopolitical tensions, particularly in South America and Europe, are contributing to increased demand for gold as a safe-haven asset [4] - Bank of America’s chief investment strategist suggests that the current geopolitical climate is fostering a bull market for gold, despite short-term overbought conditions [4] - The average increase during past gold bull markets has been around 300%, indicating potential for gold prices to exceed $6000 in the long term [4] Investment Sentiment - The recent increase in gold holdings by the largest global gold ETF, SPDR, by over 20 tons indicates renewed interest from trend-following funds [4] - Analysts suggest that while silver may experience higher volatility due to its financial and industrial attributes, gold is expected to maintain a more stable performance as a core safe-haven asset [4]