记者丨黎雨桐 编辑丨陈思颖 10月8日，港股开盘大幅回调。截至午盘收盘，三大指数跌超1%，其中恒生科技指数一度跌超2%。 | 阿里、百度、商汤等大跌 | 人工智能相关个股集体下跌。 | | --- | --- | | 商汤跌超4%，阿里、百度跌超3%，金山软件、京东跌超2%。 | | | 据券商中国报道分析人士认为，美股昨晚全线杀跌，芯片等人工智能相关股票跌幅居前，费城半导体指数跌超2%，甲骨文股价一度暴跌超 | | --- | 7%，这可能是港股大幅回调的主因。 核电板块，黄金股走强 港股核电板块走强，中核国际涨逾18%，中广核矿业涨逾9%，上海电气涨逾4%。 黄金股大涨，赤峰黄金涨超14%。截至发稿， 现货黄金站上4020美元整数关口，日内涨0.9%，再创历史新高。 部分投资机构对金价的后续走势仍然保持高度乐观。 高盛将2026年12月金价预估上调至4900美元/盎司，先前预估为4300美元。 预计 2025年和2026年各国央行的黄金净购买量将分别平均为80吨和70吨，因为新兴市场央行可能会继续通过增持黄金来实现外汇储备的结构性 多元化。 瑞银近期发布报告称， 黄金市场目前倾向于看涨行情，预计到2026 ...

Market Overview - On October 8, the Hong Kong stock market opened lower, with the Hang Seng Index down 0.9% at 26,715.17 points, the Hang Seng China Enterprises Index down 0.79% at 9,497.87 points, and the Hang Seng Tech Index down 0.85% at 6,494.82 points [1] Gold Sector Performance - The gold sector experienced a significant rally, benefiting from gold prices surpassing $4,000 per ounce. Notable gains included Chifeng Jilong Gold Mining rising over 17%, China Silver Group increasing over 13%, and Zijin Mining International up over 7% [3][8] - As of 10:54 AM, Chifeng Jilong Gold Mining was up 14.17%, China Silver Group up 13.75%, Zijin Mining International up 6.93%, and Shandong Gold up 5.54% [8][9] New IPO: Changfeng Pharmaceutical - Changfeng Pharmaceutical debuted on the Hong Kong Stock Exchange on October 8, opening with a gain of 218.64% at HKD 47 per share, and reaching a peak increase of over 220% during trading [3][4] - The IPO was highly successful, with a subscription rate of 6,697.80 times, marking it as the second highest oversubscription since the revised new stock pricing mechanism was implemented in August [4][6] - The company focuses on the treatment of respiratory diseases, with a product portfolio that includes six products approved by the National Medical Products Administration or FDA, and over 20 products in development across major and emerging markets [6] Gold Price Surge - On October 8, spot gold prices in London broke the $4,000 per ounce mark, reaching a high of $4,010.84 [12] - Recent reports indicate that Goldman Sachs has raised its gold price forecast for December 2026 from $4,300 to $4,900 per ounce [12]

Core Viewpoint - The recent surge in gold prices, surpassing $4,000, is driven by multiple factors including economic uncertainty, geopolitical tensions, and expectations of further interest rate cuts by the Federal Reserve [2][3][4] Group 1: Market Dynamics - Gold prices have increased by 52% year-to-date, with a significant rise of 27% in 2024 alone, marking a historic milestone for the asset [2][3] - The ongoing U.S. government shutdown has heightened investor demand for safe-haven assets like gold, contributing to its price increase [3][4] - The Federal Reserve's anticipated monetary easing is favorable for gold, as it does not yield interest, prompting increased investment in gold ETFs, which saw the highest inflow in over three years in September [2][3][4] Group 2: Investor Behavior - Investors are currently focused on the trend rather than attempting to predict price peaks, with a strategy of buying on dips being recommended [6][9] - The sentiment in the market remains bullish, with expectations that gold could reach the next significant milestone of $5,000 [2][3] - The psychological aspect of trading is highlighted, where many investors feel conflicted about entering positions due to the rapid price increases [8][9] Group 3: Technical Analysis - Technical indicators suggest that gold remains in a strong upward trend, with key support levels identified around $3,990 to $3,985 [4][6] - The absence of significant resistance levels above $4,000 indicates that the bullish momentum may continue for an extended period [9] - The market is advised to maintain a cautious approach, with strict stop-loss measures in place to manage potential volatility [7][10]

Core Viewpoint - Spot gold has surpassed $4000 per ounce for the first time in history, with a cumulative increase of over 52% this year, indicating strong demand and market dynamics [1] Group 1: Gold Market Dynamics - On October 8, spot gold reached a high of $4014.49 per ounce, reflecting significant market activity [1] - Domestic gold jewelry prices have also risen, with Chow Tai Fook's gold jewelry price increasing by 7 yuan per gram to 1162 yuan per gram [1] - The rise in gold prices is attributed to its dual attributes of financial and safe-haven assets, influenced by real interest rates and geopolitical uncertainties [1] Group 2: Investment Strategies - Research indicates that allocating gold can significantly optimize the risk-return profile of traditional stock-bond portfolios [2] - It is recommended to focus on physical gold investments, such as bank gold bars and coins, to leverage gold's long-term upward potential while managing trading impulses [2] - Optimal allocation ranges for gold based on risk profiles are suggested: 1%-2% for low-risk, 10%-17% for medium-risk, and 38%-40% for high-risk investors, which historically enhance the Sharpe ratio of portfolios [2] - Investors are encouraged to utilize indirect leverage through gold stocks to amplify returns in a bull market while maintaining risk control [2]

Group 1 - The core viewpoint of the articles highlights the significant rise in gold prices, with spot gold reaching $4000.49 per ounce and a year-to-date increase of over 50% [2][6] - On October 8, domestic gold jewelry prices in China surpassed 1160 yuan per gram, with notable brands like Lao Miao and Chow Sang Sang reaching 1176 yuan and 1165 yuan per gram respectively [3] - The recent surge in gold prices is attributed to geopolitical tensions, aggressive U.S. trade policies, and central banks' increased gold purchases, which have collectively driven gold's price up significantly [6][7] Group 2 - The People's Bank of China has continued to increase its gold reserves, reaching 7406 million ounces by the end of September, marking the 11th consecutive month of accumulation [7] - Goldman Sachs has raised its gold price target for the end of 2026 to $4900 per ounce, citing strong demand from Western ETFs, central banks, and speculative positions [8][9] - UBS forecasts that gold prices will reach $4200 per ounce by the end of this year, driven by fundamental and momentum support, with key variables including the Federal Reserve's interest rate path and geopolitical risks [9]

下午，在这家位于豫园的老字号金店，多数人看的和买的，都是大克重的金饰。 去年此时，首饰金挂牌价还仅有770多元每克。看着计算器，夏先生犹豫了半天。 但经过了"黄金牛"的熏陶，也有人觉得早买早享受。 10月8日，现货黄金突破4000美元/盎司，续创历史新高，年内涨幅超52%。截至发稿，报4000美元/盎 司，涨0.39%。 随着国际金价走高，10月8日，国内多个金饰品牌克价再创新高，多家站上1160元/克。老庙黄金金饰价 格达到1176元/克，周生生足金饰品标价达到1165元/克；周大福为1162元/克；老凤祥价格达到1160元/ 克。 上海："十一"旺季销量同比攀升 据上海电视台新闻综合频道《新闻坊》10月7日报道，1151元每克，是上海一家金店挂出过的最高价。 即便每克有100元优惠，一个30克的金镯子，仍然要价超过3万元，但店里的消费者依然络绎不绝。 多位业内人士告诉记者，与此前不同的是，这个假期，面对"升升不息"的金价，黄金回购业务并没有同 步出现高峰。 豫园打金店店主周宝林：之前，大家觉得是高位了，但最近涨的趋势太猛了，不到一个月涨了100多块 钱，如果有停的感觉，大家觉得到顶了，会出现卖的情况。现在 ...

国际黄金，早上视频我们说黄金马上要突破4000美元了，这个目标我们喊了好几天了。截止目前，黄金已经突破4000美元大关，如期抵达4000美元！ 黄金冲上4000美元之后，到时候有没有风险？风险是有的，但是，整体上趋势上继续看涨黄金。可以用我们最简单的方法，屏幕法或者数K线的方法，不会 这两个方法的朋友继续参考我们置顶的视频，里面有详细的解读。 白银，距离历史新高50美元双顶位置一步之遥，继续看涨白银，后市必将突破50美元；作为前期历史双顶的50美元，突破前，一样小心空头反攻。 从当前盘面来看，黄金在国庆节期间是一路震荡上扬，虽然说中间有剧烈的洗盘，但是最终多头都占据优势，有的是当天回销当天拉起来，有的是当天回调 之后第二天拉起来，总之都是多头强势的碾压空头！ 白银牛市浩浩荡荡，即将突破50美元！ 上述个人观点，仅供参考 黄金突破4000美元后，需要关注哪些位置？第一关注4005~4010这个区域，然后就是4020区域，再往上4036区域。大家可以注意一个现象，每次新高之后， 10个美金或20个美金都会有不同程度的调整。调整个三四十美元，五六十美元都很正常的。对于操作上，继续逢低做多不追涨，同时提防调整风险。 ...

黄金价格首次突破每盎司4000美元大关，这一历史性跨越标志着在美国经济前景及全球地位引发担忧之际，投 资者正大举涌入另类资产。 今年以来，这种贵金属的涨幅已超过美国历次重大危机时期。2025年黄金期货逾50%的飙升幅度，超越了疫情 期间及2007-2009年经济衰退期的涨幅。自1979年通胀冲击以来，黄金还从未在一年内实现如此巨大的涨幅。 本轮上涨并无类似的历史动荡背景。推动金价飙升的部分原因，是市场担忧特朗普可能颠覆以美元为基石的战 后经济秩序。 特朗普重构全球贸易体系的尝试助推了金价，也颠覆了经济增长预期。白宫施压美联储降息，正威胁着这一金 融体系支柱机构的独立性。某项指标显示，美元创下了逾五十年来最疲软的上半年表现。 这些因素共同推高了黄金——这个或许是金融市场最传统的避风港。今年3月，交投最活跃的黄金期货首次突 破每盎司3000美元。但值得关注的是，即便近期贸易紧张局势缓和、AI热潮推动股市重拾升势，黄金依然在持 续刷新历史纪录。 本轮涨势的最新阶段始于8月。当时美联储主席鲍威尔释放信号，表明该央行准备在失业率低迷、通胀超标的 经济环境下启动降息。 全球央行持金量的年度变化 近月来，西方投资者也在大举 ...

Core Viewpoint - The international gold price has reached a historic high, surpassing $4000 per ounce for the first time, leading to increased gold investment activity in South Korea [1] Group 1: Gold Price Movement - On December 7, the gold price closed at $4004.4 per ounce on the New York Commodity Exchange, marking a 0.71% increase [1] - This surge in gold prices has contributed to a growing trend in gold investment among the South Korean public [1] Group 2: South Korean Market Response - Sales of gold bars by the five major commercial banks in South Korea have exceeded 1 trillion Korean won (approximately 500 million RMB) for the first time [1] - The rising gold prices have influenced consumer behavior, with some newlyweds opting for alternatives to traditional gold rings, such as 14K, diamond, or silver rings [1] - Cultural practices surrounding gold consumption, such as the traditional gold rings for a child's first birthday, have also been simplified due to high gold prices, with the introduction of ultra-thin 0.2-gram rings [1]

Group 1 - The core point of the article is that the spot gold price has surpassed $4000 per ounce, marking a historical high with an annual increase of over 52% [1][18][22] - As of the report, the gold price is at $4000 per ounce, reflecting a 0.39% increase [1][2] - The highest recorded price for gold in Shanghai reached 1151 yuan per gram, with several brands exceeding 1160 yuan per gram [4][18] Group 2 - The increase in gold prices has led to a surge in sales, with one store reporting a sales increase of over 30% year-on-year during the first six days of the holiday [12][18] - Consumers are showing a preference for larger gold items, with sales concentrated on pieces weighing 30 grams or more [10][18] - The recent rise in gold prices is attributed to factors such as the U.S. government shutdown, which has heightened market sentiment and volatility [20][21] Group 3 - Goldman Sachs has raised its gold price target for the end of next year to $4900 per ounce, citing strong demand from Western ETFs, central banks, and speculative positions [22][23] - UBS predicts that gold prices will reach $4200 per ounce by the end of this year, supported by fundamental and momentum factors [23] - The ongoing purchases of gold by central banks are expected to provide directional support for gold prices, despite a slowdown in absolute quantities [23]