| 今日金店黄金回收价格一览(2025年6月25日) | | | | --- | --- | --- | | 回收报价 | 今日金价 | 单位 | | 黄金 | 760. 70 | 元/克 | | 菜自黄金 | 756. 30 | 元/克 | | 周生生黄金 | 755.00 | 元/克 | | 周大福黄金 | 758. 40 | 元/克 | | 老凤祥黄金 | 763. 90 | 元/克 | 说完首饰黄金价格，我们再来讲讲国际金价情况： 6月25日国内黄金市场动态：品牌金店首饰金价继续下跌，大部分金店金价都跌下了千元大关。目前，老凤祥以领先1元的 优势，取代周生生黄金成为今日最高价金店，报价1006元/克。上海中国黄金今日下跌12元/克，报价981元/克，成为新的最 低价金店。今日品牌金店价差25元/克（1006元/克-981元/克），价差稍稍扩大。 具体各大品牌金店最新价格见下表格： | | | 今日金店黄金价格一览(2025年6月25日) | | | | --- | --- | --- | --- | --- | | 金店报价 | 今日金价 | 单位 | 变动幅度 | 涨跌 | | 老庙黄金价格 | 9 ...

南华贵金属日报: 地缘风险缓和PK降息预期回暖 夏莹莹（投资咨询证号：Z0016569） 投资咨询业务资格:证监许可【2011】1290号 2025年6月25日 【行情回顾】 【南华观点】 中长线或偏多，短线在地缘风险缓和以及贸易关税谈判未进入敏感期等环境下，预计整体仍高位震荡，关 注这些风险短期变化以及降息预期波动，我们仍将短线回调视为中长期做多机会。伦敦金关键支撑3300，伦 敦银关键支撑34.8-35区域。 贵金属期现价格表 | | 单位 | 最新价 | 日涨跌 | 日涨跌幅 | | --- | --- | --- | --- | --- | | SHFE黄金主连 | 元/克 | 771.86 | -9.44 | -1.21% | | SGX黄金TD | 元/克 | 768.71 | -9.23 | -1.19% | | CME黄金主力 | 美元/盎司 | 3338.5 | -45.9 | -1.36% | | SHFE白银主连 | 元/千克 | 8739 | -31 | -0.35% | | SGX白银TD | 元/千克 | 8709 | -21 | -0.24% | | CME白银主力 | 美元/盎 ...

特朗普政府关税政策的不确定性成为当前市场核心变量。美联储研究显示，关税上调可能通过输入型通 胀渠道推高物价水平，其持续性将直接影响货币政策路径。尽管鲍威尔强调政策独立性，但贸易摩擦引 发的通胀波动已实质性增加决策复杂性。这种背景下，黄金的通胀对冲属性面临双重考验：短期需防范 关税冲击带来的物价脉冲，长期则需观察经济数据是否支撑宽松周期重启。 美联储主席鲍威尔国会听证发言持续发酵，其关于"关税政策或推高夏季通胀"的警告，令市场对7月降 息的预期概率骤降。联邦基金期货市场定价显示，投资者已将首次降息时点推迟至9月，并下调年内降 息幅度预期至50个基点。这种政策预期修正直接削弱了黄金的持有成本优势——作为非生息资产，金价 与实际利率呈现显著负相关，而鲍威尔"不急于降息"的表态使多头动能遭受压制。 周三（6.25）亚市盘中，纸黄金价格延续震荡上行态势，现报767.96元/克，日内涨幅0.53%。盘中波动 区间收窄至763.29-768.58元/克，显示多空双方在关键技术位展开激烈争夺。 技术面呈现典型区间震荡格局：793-803元/克阻力带压制明显，该区域汇集了前期高点及黄金分割关键 位；下方739-749元/克支撑 ...

核心观点 中东地缘局势反复（以色列与伊朗互相指责）持续扰动全球市场，但A股周二仍录得显著上涨，上证指数呈现技术性突破迹象。市场焦点转向此次突破的可 持续性，核心在于能否吸引增量机构资金入场。量化数据显示，当前机构在关键品种中掌握"核心交易"优势，其节奏把控是后续行情演进的关键。 一、市场背景：地缘扰动边际递减，技术突破初显 中东局势再现反复（以色列指控伊朗撕毁协议，伊朗否认），信息混乱加剧短期波动。历史经验表明，地缘政治复杂性高，过度依赖其作为操作基准 风险较大。当前阶段，各方实质性行动升级概率或低于预期。 二、资金行为：情绪回暖，但机构保持克制 今日市场情绪显著回暖： 技术层面，上证指数今日放量突破近期震荡箱体，领涨力量为"金融+科技"组合——该组合亦是去年9月底市场突破的主力，为技术形态提供初步积极 信号。 美联储降息预期升温构成潜在利好：近日美联储理事沃勒和鲍曼释放鸽派信号（提及7月降息可能性），推动美股上涨。此举或与未来美联储人事布局 预期相关，但需警惕预期提前透支及潜在反向操作风险（如拉高后做空）。美联储动向是重要外因，但A股突破持续性更需依赖内资决心。 "做多主导"覆盖个股数达3890家，创近期新 ...

客服产品系列•日评 国新国证期货早报 2025 年 6 月 25 日 星期三 品种观点： 【股指期货】 周二（6 月 24 日）A 股三大指数集体走强，沪指再度站上 3400 点关口。截止收盘，沪指涨 1.15%，收报 3420.57 点；深证成指涨 1.68%，收报 10217.63 点；创业板指涨 2.30%，收报 2064.13 点。沪深两 市成交额达到 14146 亿，较昨日大幅放量 2920 亿。 沪深 300 指数 6 月 24 日强势，收盘 3904.03，环比上涨 46.13。 焦炭：焦炉开工受制于环保检查及焦化利润收紧等因素有所降低，而钢厂原料备货延续低库存策略，焦炭入 炉刚需及采购需求同步走弱，昨日河北及山东主流钢厂落实焦炭第四轮 50-55 元/吨提降。 焦煤：煤矿多考虑安全生产及环保检查等因素主动放缓生产节奏，原煤供给环比走低，但矿山累库压力不减， 上游库存仍处历史高位，且传统淡季背景之下钢焦企业放缓原料补库，焦煤中长期过剩格局较难改变。（数据来 源：东方财富网） 【郑糖】美糖周一波动不大窄幅震荡小幅收低。受原油价格下跌影响多头平仓打压郑糖 2509 月合约周二小 幅走低。受资金作用郑 ...

地缘政治方面，伊以停火协议虽然生效，但市场对其维持的信心不足。伊朗对美军基地的打击和以色列对德黑兰的空袭，都显示出局势的不确定性。这 种不确定性可能会对能源和黄金市场产生影响，咱们在投资时要做好风险管理。 中概股方面，纳斯达克中国金龙指数涨3.31%，创5月13日以来最大单日涨幅。小马智行、新东方、金山云等个股表现突出。这主要得益于政策支持、美 联储降息预期和估值修复等因素。不过，中概股的持续性还得看政策的实际效果和企业基本面的改善，咱们要理性看待这波上涨。 各位朋友大家好，这里是帮主郑重的隔夜市场解读时间。接下来咱们来聊聊隔夜市场的那些大事，看看有哪些值得咱们关注的信号。 先说美股，那叫一个涨势如虹啊。三大指数收盘都涨超1%，道指创3月初以来新高，标普和纳指也创下2月下旬以来的新高。大型科技股多数上涨，英特 尔涨超6%，英伟达、奈飞、亚马逊也都涨超2%，不过特斯拉跌超2%，苹果小幅下跌。科技股七巨头整体表现不错，英伟达和亚马逊涨超2%，AMD更是 收涨6.83%，台积电ADR也刷新了收盘历史高位。这说明科技股的热度依然不减，尤其是AMD，最近可是出尽了风头。 说到AMD，那就不得不提它包揽亚马逊CPU热销榜 ...

投资咨询系列报告 山金期货贵金属策略报告 更新时间：2025年06月24日16时47分 一、黄金 报告导读： 今日贵金属金弱银强，沪金主力收跌1.26%，沪银主力收涨0.09%。①核心逻辑，短期中东地缘异动缓和，经济衰退地缘异动风险 仍存；美国经济滞涨风险增加，美联储出现7月降息声音。②避险属性方面，特朗普宣称以色列与伊朗将"完全彻底地"停火，最新 以色列和伊朗已经同意停火。③货币属性方面，美联储鲍曼对7月降息持开放态度，不太担心关税导致持续通胀。美联储沃勒称鉴 于近期通胀数据温和，应考虑在7月降息。目前市场预期美联储下次降息至9月，预期25年总降息空间跌至50基点左右。美元指数 和美债收益率震荡偏弱；④商品属性方面，CRB商品指数反弹承压，人民币偏强压制国内价格。⑤预计贵金属短期金弱银强，中期 高位震荡，长期阶梯上行。 | 策略：稳健者观望，激进者高抛低吸。建议做好仓位管理，严格止损止盈。 | | --- | | 表1 黄金相关数据： | | 数据类别 | 指标 | 单位 | 最新 | 较上日 | | 较上周/前值 | | | --- | --- | --- | --- | --- | --- | --- ...

Core Viewpoint - The Bitcoin market experienced significant volatility, with prices reaching a three-month high of $105,977.82, driven by macro liquidity expectations and technological advancements in decentralized exchanges, particularly XBIT's unique features [1][9]. Market Performance - Bitcoin's price surged over 6% in the last four hours, with trading volume increasing significantly, indicating heightened market sentiment [1]. - The recent price movement followed a "breakout-pullback-rebound" pattern, with the closing price above the previous resistance level of $99,222, suggesting strong bullish momentum [2]. Technological Innovations - XBIT's decentralized exchange platform showcased a 230% increase in large transactions as Bitcoin surpassed the $100,000 mark, without the liquidity crises often seen in traditional exchanges [4]. - The platform's dynamic liquidity pool mechanism ensures optimal transaction prices even during extreme market conditions [4]. - XBIT's three core advantages include military-grade security through zero-knowledge proof technology, cross-chain asset interoperability, and a user-friendly design that simplifies complex trading operations [4]. Trading Strategies - Despite bullish momentum, significant historical resistance exists around $105,371, which could pose a risk of short-term price corrections [6]. - Suggested trading strategies include aggressive buying at support levels and cautious shorting if prices face resistance at higher levels [6]. Decentralized Exchange Growth - The trading volume of decentralized exchanges (DEX) surpassed 35% for the first time, with XBIT emerging as a key player due to its innovative on-chain order book model [6]. - XBIT's "trade-to-mine" model has led to a 400% increase in its token value, creating a positive feedback loop for users [7]. Future Outlook - Long-term support for Bitcoin is expected from macroeconomic factors such as Federal Reserve rate cuts and potential ETF inflows, with a price target of $120,000 if resistance levels are broken [9]. - The emergence of advanced DEX platforms like XBIT is reshaping the cryptocurrency trading landscape, emphasizing the importance of security, transparency, and efficiency for investors [9].

Core Viewpoint - The Eurozone's economic data shows signs of weakness, yet the market's reaction remains limited, with the Euro experiencing a rebound after a gap down [1][4]. Economic Data Summary - The June HCOB Composite PMI for the Eurozone is at 50.2, unchanged from the previous month but below the market expectation of 50.5, indicating persistent weak economic growth [3]. - The Services PMI for June is reported at 50.0, up from 49.7 in May, suggesting a return to stability after a brief contraction, although growth has slowed to a three-month low [3]. - Manufacturing PMI remains in contraction at 49.4, with new orders showing the smallest decline in 13 months, marking the end of a three-year decline in new orders [3]. Manufacturing and Employment Insights - Eurozone manufacturers are still reducing procurement activities, but the pace is the slowest in three years, with an acceleration in job cuts compared to May [4]. - Input costs in manufacturing have decreased for three consecutive months, while output prices have been lowered for the second time [4]. Market Reactions and Technical Analysis - The Euro's rebound is supported by short covering and dovish comments from Federal Reserve officials, which have raised expectations for interest rate cuts [4]. - The Euro is currently in an upward channel since March, facing significant resistance around 1.1630, with key support at 1.1412 [5]. - Technical indicators suggest a short-term bearish structure for the Euro against the Dollar, with critical support levels at 1.14-1.1380 [6].

Core Viewpoints - The support for gold prices from risk-hedging factors is expected to weaken due to easing geopolitical tensions and dovish signals from the Federal Reserve [1] - The outlook for gold remains bullish in the long term despite short-term volatility, influenced by geopolitical events and monetary policy expectations [2][3] Group 1: Market Analysis - Minmetals Futures indicates that dovish comments from Federal Reserve officials, such as Governor Bowman supporting rate cuts if inflation pressures are controlled, will drive silver prices stronger than gold [1] - UBS emphasizes that gold should be viewed as a diversification tool rather than a hedge against geopolitical events, maintaining a target of $3,800 per ounce for gold [3] - Heraeus analysts note that due to the hawkish stance of the Federal Reserve, gold is temporarily losing its appeal as investors shift towards white metals like silver and platinum [3] Group 2: Economic Indicators - The U.S. economy is showing signs of slowing down under high deficit pressures, but the long-term bullish trend for gold remains intact despite short-term lack of clear drivers [2] - Economic data from the U.S. indicates ongoing expansion, but significant price increases in manufacturing and services are raising inflation concerns [2] - The Eurozone's composite PMI has dropped to a five-month low, contrasting with the resilience of the U.S. economy, which may support the stabilization of the dollar [2]