因中东紧张局势升温，现货黄金重新涨回3350美元/盎司关口之上。 ...

美联邦巡回法院妥协让步，关税政策继续生效，金价会否扩大涨幅？金十研究员高阳正在直播分析，点 击进入直播间 相关链接 ...

Group 1 - The core point of the article indicates that on June 11, 2025, the midday gold price in Shanghai was 774.74 CNY per gram, which is 3.4 CNY higher than the international gold price of 771.34 CNY per gram [1] Group 2 - The domestic gold price is higher than the international gold price [3] - The article provides a comparison between domestic and international gold prices, highlighting the price differential [3]

Group 1 - The core point of the article highlights that on June 11, 2025, the gold price in Shanghai was 773.94 CNY per gram, which is 2.51 CNY higher than the international gold price of 771.43 CNY per gram [1] Group 2 - The domestic gold price is higher than the international gold price [3] - The article provides a comparison indicating that the domestic gold price is greater than the international gold price [3]

分析师：盘整和最近的交易几乎没有提供金价下一步走势的线索 金十数据6月10日讯，黄金期货价格上涨，但由于缺乏催化剂，价格仍在窄幅波动。Trade Nation高级市 场分析师大卫·莫里森在一份报告中说，在经历了长期牛市后，黄金价格继续盘整。剔除4月中旬短暂的 波动，过去两个月金价大致在每盎司3200 - 3400美元之间。金价从4月份的超买水平回落至中性水平。 不过，莫里森表示，盘整和最近的交易几乎没有提供金价下一步走势的线索。 订阅黄金市场动态 +订阅 ...

现货黄金突破3340美元/盎司关口，日内涨0.4%。 ...

Core Viewpoint - The gold price is approaching the 3330 mark, raising questions about whether the current oscillating pattern can be broken [1] Group 1 - The analysis suggests that there is a significant focus on the gold market's performance and potential shifts in trading patterns [1] - The mention of "real-time analysis" indicates a dynamic approach to understanding market movements and investor sentiment [1]

Group 1 - The U.S. non-farm payroll data for May showed an increase of 139,000 jobs, slightly better than the market expectation of 130,000 [2] - The unemployment rate remained stable at 4.2%, consistent with market expectations and previous values [2] - Average hourly wages increased by 3.9% year-on-year, surpassing the previous value of 3.8% and the expected 3.7%, indicating a resilient job market [2] Group 2 - Global geopolitical tensions have eased somewhat, with reduced likelihood of escalation in the Russia-Ukraine conflict as both sides show willingness to negotiate [3] - In the Middle East, there are positive signals regarding a potential permanent ceasefire between Hamas and Israel, and a revival of the U.S.-Iran nuclear deal [3] - The market has developed a degree of immunity to geopolitical conflicts, which has diminished the appeal of gold as a safe-haven asset [3] Group 3 - Tariff issues remain a key factor influencing gold price movements, with significant progress made in U.S.-China tariff negotiations [4] - The initiation of a second round of talks between U.S. and Chinese leaders indicates that the most severe phase of the trade war may be over [4] - The impact of tariff factors on the gold market is gradually weakening, suggesting a potential "tail-end" market phase for gold [4] Group 4 - The U.S. dollar is expected to depreciate due to rising domestic debt and the loss of dollar credibility from tariff policies, establishing a solid foundation for a long-term bull market in gold [5] - In the short term, while geopolitical tensions are entering a negotiation phase, there is a lack of upward momentum for gold prices, and investors should be cautious of potential price corrections [5] - Technically, gold prices are expected to maintain a range adjustment between $3,200 and $3,400 in June, with a prevailing bullish trend [5]

Q&A 如何看待上周同业存单的行情及其对未来利率走势的影响？ 上周同业存单的行情表现出明显的变化，主要体现在发行放量和情绪缓释两个 方面。首先，存单发行量显著增加，表明市场需求未受到提价影响。其次，流 动性改善和市场预期共振使得长端交易迎来一波行情。具体来看，一年期工行 存单价格在 1.7 附近见顶后，风险已明显缓释。尽管未来几个月存在净融资压 力，但需求端若能跟上，则整体风险扩散问题不大。此外，大行增量买入短期 国债也对短端利率品种产生积极影响，使得短期国债情绪有所缓解。 近期大行对于短期国债买入行为背后的原因是什么？ 固收 存单见顶，利率抢跑 20250609 摘要 市场预期共振推动长端利率下行，一年期工行存单价格见顶，风险缓释。 未来净融资压力存在，但需求端若能跟上，整体风险可控。大行增量买 入短期国债，缓解短端利率品种压力。 大行增量买入短期国债或为组合调整，应对 5 月被动配置压力及 6 月政 府债券发行规模缓解，平衡久期。此举受央行政策影响，也反映投资策 略调整，改善短端情绪。 未来流动性管理和资金价格中枢有望超预期宽松，基于央行超额流动性 投放及银行负债端修复。预计 6 月或三季度有再贷款和 P ...

近期铂金涨价，从全球视角来看后续持续性 20250608 近年来铂金市场经历了哪些重大变化？ 近年来铂金市场经历了显著变化。2025 年一季度全球产量仅 45 吨，同比下降 10%，而同期全球消耗 71 吨，同比增长 10%。库存拉响红色警报，全球地上 库存仅存 67 吨，仅够全球使用 3 个月，而行业安全线为 6 个月。近期伦敦现 货价格突破 1,170 美元每盎司，中国上海黄金交易所价格达到 277 元每克，双 双创下一年新高，年初至今暴涨 20%。 摘要 2025 年一季度全球铂金产量同比下降 10%至 45 吨，而需求同比增长 10%至 71 吨，导致库存告急，地上库存仅够全球使用 3 个月，远低于 6 个月的安全线，推动伦敦现货价格突破 1,170 美元/盎司，上海金交所 价格达 277 元/克，年初至今上涨 20%。 铂金价格上涨主要受宏观经济变局（如美联储降息预期）、供需裂口 （产量暴跌与需求逆增）及产业韧性（金融波动影响有限，产业短缺是 定价核心）三重因素驱动，美国非农数据超预期后黄金下跌，但铂金持 稳高位印证了这一点。 2024 年初以来，铂金价格受南非电力危机、津巴布韦出口税、美元走 弱、 ...