12月15日，周生生黄金价格报1353元/克，与本月初（1336元/克）相比，上涨了17元，涨幅1.27%。较 本月最高价相差0元/克，较本月最低价相差29元/克，均价1333元/克。 周生生黄金价格月度统计（12月1日-12月15日，单位：元/克） | 当日价 | 1353 | | --- | --- | | 日涨幅 | 0.15% | | 最高价 | 1353 | | 最低价 | 1324 | | 顶位差 | 0 | | 底位差 | 29 | | 平均值 | 1333 | 12月15日，周生生黄金价格报1353元/克，与本月初（1336元/克）相比，上涨了17元，涨幅1.27%。较 本月最高价相差0元/克，较本月最低价相差29元/克，均价1333元/克。 周生生黄金价格月度统计（12月1日-12月15日，单位：元/克） | 当日价 | 1353 | | --- | --- | | 日涨幅 | 0.15% | | 最高价 | 1353 | | 最低价 | 1324 | | 顶位差 | 0 | | 底位差 | 29 | | 平均值 | 1333 | ...

来源：华创证券研究 7.出口价格增速转正，推动PPI超预期复苏 8.租金加速下降二手房下行预期或带来新一轮地产政策 2026年宏观脑洞开在哪儿 2018年以来，我们已经连续多次发布年度宏观脑洞报告，目的是在市场一致预期之外，提供更多发散的可能。一致性预期往往已映射到资产价格中，而对 一致性预期的偏离才是市场波动和博弈的空间所在。对于投资而言，应对的重要性远大于精准的预测。因此我们还是希望给出一些在一致性预期之外概率 较高的情景，主要内容如下： 1.美国通胀压力超预期, 美联储重启加息 2.欧元区债务风险放大 欧洲央行重新扩表 3.黄金价格转入持续调整 4.美国原油产量触顶回落，油金比触底回升 5.居民消费可能超预期 6.出口继续超预期 风险提示：地缘政治冲击；政策超预期变动。 ...

每经AI快讯，周三（12月3日）纽约尾盘，现货黄金大致持平，报4207.07美元/盎司。 ...

Core Insights - Gold futures opened at $4,218.50 per ounce, down 0.9% from the previous closing price of $4,254.90, with early trading seeing prices rise to nearly $4,300 [1][4] - The recent surge in gold prices is occurring alongside declines in cryptocurrencies and stock futures, indicating a potential de-risking by investors [2] - There is a high probability (87.6%) that the Federal Reserve will reduce interest rates by a quarter-point next week, which typically benefits gold prices [3] Gold Price Trends - The one-year gain for gold as of November 14 was 63.4% [4] - Over the past week, gold prices increased by 3.9%, and over the past month, they rose by 4.6% [9] - Year-over-year, gold prices have increased by 60% [9] Factors Influencing Gold Prices - Key factors affecting gold prices include geopolitical events, central bank buying trends, inflation, interest rates, and mining production [12]

Core Points - The latest price of gold in RMB is reported at 954.00 yuan per gram [3][12] - The highest recorded price for gold during this period is also 954.00 yuan per gram, with a previous lower price of 943.00 yuan per gram [3][12] - Gold prices are subject to fluctuations influenced by real-time gold prices, the weight of gold bars, and the purity of gold [10][17] Price Summary - The latest RMB gold price is 954.00 yuan per gram [3][12] - Other reported prices include 9540, 95400, 190800, 286200, and 477000 yuan per gram, indicating a range of values that may reflect different qualities or market conditions [4][5][6][8][14][15][16] - The purity of gold is a significant factor, with 24K gold representing the highest purity at approximately 99.9% [9]

根据吉央行最新统计，截至10月1日，吉国际储备余额已突破75亿美元。 （原标题：欧亚稳定发展基金分析吉国际储备增长原因） 据吉尔吉斯斯坦塔扎别克新闻网10月31日报道，欧亚稳定发展基金近期发布的报告指出，吉国际储 备增长主要得益于黄金价格增长及国际收支顺差扩大。基金数据显示，截至2025年6月底，吉国际储备 中的货币黄金规模同比增长1.1倍，主要得益于全球市场金价上涨（同比增长40.4%）及实物黄金储量增 加（同比增长50.7%）。此外，金融账户资金流入为吉国际储备增长提供了额外动力。统计期内，吉国 际储备总额达65亿美元（同比增长72.0%），按欧亚稳定发展基金估算，可满足5.5个月的平均月度进口 需求。 ...

Gold (GC=F) futures opened at $4,069.20 per ounce on Monday, down 0.3% from Friday’s close of $4,079.50. The price of gold has remained below $4,100 since Nov. 19. The near-term interest-rate outlook continues to influence demand and pricing for the yellow metal. Traders currently predict a 73.5% chance the Fed will lower rates by a quarter-point in December, according to CME FedWatch. The chances increased after New York Fed President John Williams spoke last week, expressing support for another rate r ...

Core Insights - The market is experiencing significant volatility, with the US dollar index rising sharply while gold prices are plummeting, leading to a turbulent environment for retail investors [1] Group 1: Currency and Market Dynamics - The US dollar index has rebounded to around 106.5, driven by increased demand for dollars as companies convert cash to avoid risks associated with tariffs [3][5] - Emerging market currencies are facing severe depreciation, with the Japanese yen falling below 155 and the Chinese yuan weakening to around 7.28 offshore [5][12] - The Chinese central bank is allowing the yuan to depreciate slightly to stabilize exports amid rising tariffs [15] Group 2: Commodity Market Reactions - Gold prices have seen a drastic decline from a high of 4371 USD to around 3990 USD, primarily due to the strong dollar increasing the opportunity cost of holding gold [7] - The drop in gold prices is also attributed to reduced geopolitical tensions and lower demand during the Indian festival season [7] Group 3: Impact on Investment and Sentiment - Retail investors are suffering significant losses, with many experiencing over 10% declines in their investments, particularly in high-risk assets like Bitcoin, which has halved in value [10][12] - The stock market is also under pressure, with the Nasdaq dropping over 8% in November, reflecting the sensitivity of tech stocks to interest rate changes [12] Group 4: Economic Policy and Future Outlook - The Federal Reserve's stance on interest rates remains cautious, with expectations for only 1-2 rate cuts remaining, which has contributed to rising bond yields and a stronger dollar [12] - The long-term outlook suggests that the current strength of the dollar may not be sustainable given the US's significant debt levels, indicating potential future market corrections [15]

Group 1: Foreign Exchange Market - The foreign exchange market in China has maintained a stable operation despite increased volatility in international financial markets and a rising US dollar index [1] - In October, the bank's foreign exchange settlement and sales surplus was $17.7 billion, indicating a more balanced foreign exchange market [1] - Cross-border capital flows remained stable, with a monthly average surplus of $24 billion over the two months of September and October [1] Group 2: Pension Finance Policy - Guangdong Province has introduced its first dedicated pension finance policy aimed at high-quality development [2] - The implementation plan sets two-stage goals for pension finance development, aiming for a well-established supply system by 2028 [2] - The policy is expected to enhance the efficiency of pension fund utilization and promote the development of the pension industry in Guangdong [2] Group 3: Urban Commercial Banks - The total asset scale of urban commercial banks in China has surpassed 60 trillion yuan, reflecting rapid growth in the financial sector [3] - This asset growth represents a 134-fold increase since 1995, with urban commercial banks now holding a 13.53% market share [3] - The non-performing loan ratio stands at 1.76%, with a provision coverage ratio of 188.08% and a capital adequacy ratio of 12.97% [3] Group 4: Gold Consumption Trends - International gold prices remain high, with domestic jewelry prices exceeding 1300 yuan per gram [4] - New consumption trends are emerging, with consumers favoring lightweight gold products and gold bars [4] - The strong performance of gold prices is attributed to global geopolitical uncertainties and fluctuations in the US dollar index [4] Group 5: Retail Banking Trends - Retail banking is experiencing a shift, with the growth of high-net-worth clients outpacing that of basic retail clients [5][6] - Six banks reported varying growth rates for ordinary retail clients, while private banking client growth rates were significantly higher [5] - This trend indicates a deeper competition in retail banking, necessitating a focus on existing customer segments [6]

Core Viewpoint - Gold prices experienced a significant drop, with New York gold CFD falling nearly 1%, leading to a decline of over 2% in related gold ETFs. Analysts suggest that increasing internal divisions within the Federal Reserve create substantial uncertainty regarding the interest rate cuts in December and beyond, limiting the sustainable bullish momentum for gold. Coupled with geopolitical considerations, gold prices may struggle to escape high-level fluctuations or even face a weaker trend in the future [1]. Group 1: Market Performance - Gold-related ETFs saw a decline of over 2%, reflecting the negative impact of falling gold prices [1]. - Specific ETFs reported the following price changes: - Gold stock ETF (Code: 159562) decreased by 3.18% to 2.071 - Gold stock ETF (Code: 159321) decreased by 2.87% to 1.456 - Shanghai Gold ETF (Code: 159831) decreased by 2.81% to 8.932 - Shanghai Gold ETF (Code: 518600) decreased by 2.79% to 9.222 - Other ETFs also reported declines ranging from 2.67% to 2.75% [3].