10月1日，现货黄金短线拉升，站稳3890美元/盎司大关，伦敦金现最高价一度突破3895美元/盎司，再 创历史新高。 中国银行研究院银行业与综合经营团队主管邵科表示，相对而言，黄金作为传统的"避风港"资产，为全 球央行持续增持，具有中长期的资产配置价值，合理配置可以在一定程度上满足投资者的稳健收益需 求。 9月份国际金价累计上涨10.16% 创2011年8月以来最大单月涨幅 回顾整个9月，美联储开启降息周期、美国联邦政府面临"停摆"危机、发达经济体债务可持续性被市场 质疑等因素，综合推动国际金价屡创新高，全月累计上涨10.16%，创2011年8月以来最大单月涨幅。 金饰价格方面，10月1日，周生生足金饰品标价达到1130元/克，较9月30日上涨5元/克。 | | 品牌金价 | | 1 0 . .. | | --- | --- | --- | --- | | 品牌黄金价格 | | 最新:2025.10.01 16:17 | | | 日期 | 名称 | 价格 | 涨跌 | | 10.01 | 水贝黄金 | 882.8 元/克 | 实时 | | 10.01 | 周大福 | 1129元/克 | 涨6 | | 10.0 ...

2025年前三季度落下帷幕，在这场结构性牛市中，公募基金行业迎来了丰收年，主动权益类基金凭借出色的表现，打了一场漂亮的"翻身仗"。 Wind数据显示，在AI算力和创新药两大景气赛道的支撑下，截至9月30日，全市场53只基金年内收益率翻倍，科技成长风格成为最大赢家；同时，以黄金为代表的 大宗商品也高歌猛进，黄金ETF年内普遍上涨超40%。 53只"翻倍基"横空出世 在今年的结构性行情中，主动权益基金表现尤为突出，涌现出一批业绩惊人的"翻倍基"。 Wind数据显示，截至9月30日，年内共有53只基金的收益率超过100%，其中主动权益基金达到了42只，占比近八成，充分体现了基金经理在科技成长等热门赛道上 的精准布局能力。 具体来看，任桀管理的永赢科技智选A以194.49%的回报率，问鼎2025年前三季度主动权益基金业绩冠军。二季报显示，该基金重仓了海外算力产业链，前五大重仓 股分别为新易盛、中际旭创、天孚通信、胜宏科技、源杰科技等光模块、PCB龙头，其中PCB牛股胜宏科技年内大涨581%，为该基金贡献了丰厚收益。 紧随其后的是张韡管理的汇添富香港优势精选A，年内收益率高达155.09%，该基金也是QDII基金中的领 ...

Core Insights - The public fund industry has experienced a fruitful year in the structural bull market, with active equity funds making a significant comeback, particularly supported by the AI computing and innovative pharmaceutical sectors [1][2]. Group 1: Fund Performance - A total of 53 funds have achieved over 100% returns year-to-date as of September 30, with 42 of these being active equity funds, showcasing the fund managers' effective strategies in high-growth sectors [2][4]. - The top-performing fund, managed by Ren Jie, achieved a return of 194.49%, heavily investing in the overseas computing industry chain, with significant contributions from stocks like Shenghong Technology, which surged 581% this year [2][3]. - Other notable funds include Zhang Wei's fund with a 155.09% return, focusing on Hong Kong's innovative pharmaceuticals, and Feng Ludan's fund with a 140.86% return, both capitalizing on the AI industry chain [3]. Group 2: Commodity Performance - Gold ETFs have emerged as the standout performers in the commodity fund sector, with all 14 gold ETFs showing gains exceeding 40% year-to-date, driven by rising international gold prices [5][6]. - The highest-performing gold ETFs, managed by Zhao Xu and Rong Ying, reported returns of 41.48% and 41.47%, respectively, reflecting strong long-term investment value [5][6]. Group 3: Market Outlook - Looking ahead to Q4, several fund companies suggest maintaining a focus on growth sectors while also considering cyclical and consumer stocks, as the market has already seen significant gains [7][8]. - The ongoing AI technology innovation is expected to provide a premium valuation for related assets, despite potential short-term volatility [8][9]. - The overall market sentiment remains bullish, with continued optimism for emerging technologies and cyclical financial sectors, particularly in the context of the "anti-involution" policies that may enhance competition in the renewable energy sector [9].

Core Viewpoint - The Hong Kong gold sector has seen a significant rally, driven by increased demand for safe-haven assets due to the U.S. government shutdown and escalating geopolitical tensions [1][7][8]. Group 1: Market Performance - Chinese Silver Group led the gains with a rise of over 30%, followed by Zijin Gold International with an increase of over 13%, and Tongguan Gold up by over 11% [1][2]. - Other companies such as Lingbao Gold, Chifeng Jilong Gold, and Zijin Mining also experienced notable increases in their stock prices [1][2]. Group 2: Gold Price Trends - COMEX gold futures showed a slight pullback but remained above the critical level of $3,890 [2]. - Spot gold maintained a high level around $3,868, providing strong support for related stocks [4]. Group 3: Drivers of Demand - The core reason for the sector's rise is the increased demand for safe-haven assets, triggered by the U.S. government shutdown, which is the first political deadlock in nearly seven years [7][8]. - The shutdown has led to significant economic uncertainty, with the U.S. Labor Department halting data collection and publication, affecting key economic indicators [8]. Group 4: Geopolitical Factors - Escalating geopolitical conflicts, particularly the recent military actions by Russia against Ukraine, have further heightened market risk aversion [9]. - The potential for further conflict in Europe has contributed to the attractiveness of gold as a hedge against political risk [9]. Group 5: Future Gold Price Predictions - Central bank gold purchases are a significant factor supporting rising gold prices, with global official gold reserves increasing by 166 tons in Q2 [10]. - Predictions indicate that gold prices could reach $4,200 per ounce by mid-2026, driven by expectations of Federal Reserve rate cuts and increased demand for safe-haven assets [10][11].

Doshi说，他预计投资需求在年底前将保持稳定；然而，他补充说，与9月份的速度相比，需求应该会放缓。他解释说，黄金之所以出现非凡的涨势，是因为 投资者正寻求对冲和保护自己，以应对非同寻常的市场状况。 黄金空前的涨势在9月份再上一个新台阶，创下了这种贵金属40多年来的最大季度涨幅。尽管短期内势头可能会放缓，但一位市场分析师认为，金价仍有进 一步上涨的空间。 道富投资管理公司的黄金策略主管Aakash Doshi表示，随着投资需求已成为支撑价格在历史高位的重要因素，金价升至每盎司4000美元只是时间问题。 这一看涨前景发表之际，黄金价格周四交投于3870美元附近。 在过去三个月里，黄金上涨了近17%，这是自1982年第二季度以来的最佳季度表现。黄金年初至今也已上涨47%，是自1979年以来的最强劲涨幅。 9月份是黄金投资需求前所未有的一个月，全球最大的黄金交易所交易基金（ETF）出现了创纪录的资金流入。全球最大的黄金ETF——SPDR黄金信托基金 （GLD）在9月份增持了35.2吨黄金，其中9月19日的单日流入量达18.9吨，创下有记录以来的最大增幅。 Doshi指出，即便有如此水平的需求，黄金ETF的持有量仍远 ...

【导读】港股三大指数走高，黄金概念股集体走强 港股迎来四季度首个交易日。 10月2日，港股市场表现强势，三大指数纷纷走高，截至午间收盘，恒生指数涨1.45%，恒生科技指数涨2.66%。 | 恒生指数 | 恒生国企 | 恒生科技 | | --- | --- | --- | | 27245.68 | 9711.03 | 6637.65 | | +390.12 +1.45% | +155.70 +1.63% | +171.99 +2.66% | | 恒指期货 | 港股通50 | 恒生生物科技 | | 27308 | 4077.15 | 0.00 | | +396 +1.47% | +62.25 +1.55% | 0.00 0.00% | | 名称 | 现价 | 涨跌幅 = | 总市(三 | | --- | --- | --- | --- | | 中国白银集团 | 0.700 | 32.08% | 17亿 | | 0815.HK | | | | | 力勤资源 | 25.480 | 13.45% | 396亿 | | 2245.HK | | | | | 天齐锂业 | 50.800 | 13.04% | 853亿 | | ...

Group 1 - The Hong Kong stock market saw a collective rise in gold stocks, with Zijin Mining International up over 8%, China Silver Group up over 7%, and Tongguan Gold up over 4% [1] - International gold prices continued to strengthen, reaching a peak of $3,895, setting a new historical high [1] Group 2 - Zijin Mining International reported a price increase of 8.54%, with a latest price of 130.900 and a total market capitalization of 343.48 billion, reflecting an 82.85% year-to-date increase [2] - China Silver Group experienced a 7.55% rise, with a latest price of 0.570 and a total market capitalization of 14.13 billion, marking a 141.53% year-to-date increase [2] - Tongguan Gold saw a 4.80% increase, with a latest price of 2.840 and a total market capitalization of 124.89 billion, showing a remarkable 494.14% year-to-date increase [2] - China Gold International had a 3.53% rise, with a latest price of 143.700 and a total market capitalization of 569.65 billion, reflecting a 255.88% year-to-date increase [2] - Chifeng Jilong Gold Mining increased by 3.35%, with a latest price of 31.440 and a total market capitalization of 597.49 billion, showing a 132.11% year-to-date increase [2] - Lingbao Gold Company saw a 3.09% increase, with a latest price of 19.020 and a total market capitalization of 244.78 billion, reflecting a 619.60% year-to-date increase [2] - Shandong Gold experienced a 2.60% rise, with a latest price of 37.900 and a total market capitalization of 174.716 billion, marking a 210.48% year-to-date increase [2] - Zhaojin Mining Industry had a 1.41% increase, with a latest price of 31.700 and a total market capitalization of 112.294 billion, reflecting a 190.68% year-to-date increase [2] - Jinhai Resources saw a slight increase of 0.53%, with a latest price of 1.890 and a total market capitalization of 3.78 billion, marking a 127.71% year-to-date increase [2]

黄金涨价，上海人慌了吗？有的人是真着急，有的人是在观望，还有些人其实无所谓——但在2025年9 月的这个节点上，所有人的步伐都被一克黄金牵动。国庆临近，金店门口人影交错，柜台里外的气氛， 像是刚下过雨的马路，闷、黏、带点刺鼻的焦灼。 换个角度看，2025年9月的国际金价已经比年初涨了9%，年内涨幅超过40%。没错，数字很吓人，你要 是去年年中买的，现在出手就是赚。可问题来了——一边是金价疯涨，金店收购却变慢了，回款周期拉 长，投资人急着出手，金店却只能慢慢消化。现场采访时，一个中年阿姨边数手里的金镯子边抱 怨，"早知道这么慢，当初还不如换成现金存银行"。 再往前推，8月25号，老铺黄金率先涨价，涨幅12.5%。琳朝半个月后跟着全线上调，生肖吊坠一克飙 到1815元，比原价高了525元。君佩在9月25日也涨了，五花手链10.8克卖到21900元，涨幅21%。这些 数字在柜台上闪烁，顾客心里却像压了块石头——到底是现在买，还是等一等再说？ 有个打金店的年轻小哥说，前几天有个客户要回购十几克黄金，听说要等七天才给钱，差点跟他翻脸。 店里只好和气解释："不是我们不想给，是上面钱没下来"。客户怔了一下，叹口气——"都不 ...

国际金价一度突破3900美元，逐渐接近4000美元关口。今年以来，国际金价累计上涨超过47%，今年的金价表现继续领跑全球大部分主流投资品种。 最近一轮金价上涨行情，从今年8月下旬开始启动，从3400美元大幅攀升至近期高位3927美元，一个月左右的时间金价累计上涨超过15%。这一轮金价上涨 的逻辑，提前炒作美联储降息的预期，作为抵御通胀的硬通货，金价也是明显受益于美联储降息周期下的通胀回升预期。 截至今年10月1日，今年以来国际金价累计涨幅达到了47%，全球大部分投资品种都未能够跑赢金价的涨幅，包括美股、A股与港股等，只有极少数的市场 指数可以追得上金价的年内涨幅，例如创业板指、北证50、科创50等。 再从全球黄金储备量来看，最高是美国，紧随其后的是德国、意大利、法国等。按照我国黄金储备量的增长速度，即将步入全球黄金储备量的前五名位置， 从长远的角度来看，有望进入全球前三的位置。 一边是各国黄金储备量的持续增加，另一边是全球资金配置美元的意愿在下降，美元吸引力在持续降低，多项因素叠加在一起，进一步突出了黄金的战略投 资价值。 这一轮黄金牛市还可以走多远？在各项数据比较有利的前提上，黄金不会马上出现深度调整的走势 ...

国际现货黄金只能用夸张两字来形容这走势，昨天9月30日黄金上演了深V大反转，堪比过山车还刺激从历史高位一路猛跌到3800美元，今天国庆假期第一 天，黄金好家伙一口气拉升直接探顶到了3900美元关口，一天涨幅100美元，给国庆假期开了一个黄金彩头，刷新黄金历史最高位3900美元/盎司上方。现在 的黄金创新高有点像过家家似的，跟走楼梯很相似节节高升。是什么原因导致黄金一直利多，接下来黄金它到底是涨还是跌呢？香港第一金市场部负责人陈 生：GOLDFX009 （微）来给当下黄金创新高来个小总结。 目前从消息面来看，市场爆出一个火爆新闻引起大家关注，短期内对于金价影响最大的就是美国政府会不会关门，这也是美国7年以来第一次发生的闹剧。 今天早上最新的消息，美国两党还没有谈拢那个维持政府运转的支撑法案，在参议院早上会议也没有通过。这么一来，美国联邦政府关门基本上是板上钉钉 会持续先"关门"。这个从国际现货黄金价格上面就反应出市场对此的避险情绪并不低温，市场基本上是跟第一金陈生的想法一样，预测了"关门大吉"，何时 复开大门成为当下的第一问题。那么这次他们能短期能谈成吗？说实话第一金陈生认为可能性不大，为什么会刺激黄金涨幅夸张 ...