#图文打卡计划# 尊敬的审阅人员和品鉴读者：本文是经过严格查阅相关权威文献和资料。 全文数据有据可依，可供查证。 你有没有发现，最近金价疯涨得有点过分？真的，金子这玩意儿，前两天还被我们视为稳妥的保值资产，现在居然也开始失控了。 可问题是，金价这波上涨到底是怎么回事？如果说它只是受一些短期因素的影响，那倒也可以理解，可是怎么就突然失控了呢？ 我们得看一下这波金价上涨的背后原因。自今年初以来，全球经济形势一直摇摆不定，尤其是美国通胀压力巨大、美元疲软。美元的贬值通常意味着黄金作 为避险资产的需求增加。加之全球政治局势紧张，尤其是中东和俄乌冲突加剧，导致投资者纷纷转向黄金避险。各大银行和投资机构也在纷纷调整策略，将 更多资金配置到黄金资产上。这就让黄金的市场需求激增，从而推高了价格。 话说回来，这也有点像大家都疯抢某个限量款的商品，结果把价格炒高了。再者，这波上涨的背后，炒作因素也不少。特别是有些商家和博主，他们在利用 市场的情绪波动制造一些不切实际的预期，以此吸引关注和流量。就像我看到的那个博主，他那种预言，真是为了博眼球、吸引眼球，毫无任何实质内容。 说金价会跌到300，简直就是给投资者带来错误的信号。 有些 ...

Group 1 - The recent surge in precious metals prices, particularly silver and platinum, has outpaced gold, attracting significant market attention [3][6] - As of June 6, silver prices increased by 9.04% to $35.9648 per ounce, while platinum reached a high of $1172.59 per ounce, marking a nearly two-year peak [3][4] - Year-to-date, silver has risen approximately 24% and platinum has increased by 28% [3] Group 2 - The price increases of silver and platinum are seen as a technical rebound following gold's previous gains, which rose by 42% over the past year [4][6] - The industrial demand for silver, driven by the solar energy sector, and the automotive industry's need for platinum in catalytic converters are key factors supporting the price increases [7][8] - Both silver and platinum markets are facing supply shortages, with platinum expected to have a shortfall of 30 tons by 2025, exacerbated by declining production in major mining regions [8] Group 3 - The long-term outlook for precious metals remains positive due to ongoing global economic uncertainties and geopolitical tensions, which enhance their appeal as safe-haven assets [10]

Group 1 - Iran has indefinitely suspended planned nuclear talks with the U.S. in Oman, following U.S. President Trump's urging for Iran to accept a nuclear deal to avoid further attacks [1] - Israel conducted airstrikes using 200 aircraft targeting approximately 100 sites in Iran, leading to a temporary spike in oil prices by 13% [1] - The Israeli Prime Minister Netanyahu stated that the attacks aimed at the core of Iran's nuclear enrichment program [1][2] Group 2 - The airstrikes resulted in at least 95 injuries and significant destruction of residential buildings in the suburbs of Tehran, although official death tolls have not been released [2] - Iran's Supreme Leader Khamenei warned that Israel would "pay a heavy price" and that Iranian armed forces would retaliate severely [2] - The situation is expected to escalate into a broader regional conflict, with immediate global economic impacts, particularly on energy prices, as Brent crude oil rose by 8.3% to $75 per barrel [3]

Core Viewpoint - The rapid rise in gold prices has a complex impact on gold enterprises, necessitating a balanced perspective on short-term gains versus long-term consumer demand [1][3]. Group 1: Market Performance - As of June 13, gold concept stocks surged, with notable increases in companies such as萃华珠宝 (up to the daily limit), 西部黄金 (up to the daily limit), and 晓程科技 (up nearly 12%) [2]. - In the Hong Kong market, the gold and jewelry sector also performed strongly, with 六福集团 rising nearly 7% and 周大福 increasing over 5% [2]. - Since 2025, international gold prices have seen a significant upward trend, with fluctuations becoming more pronounced in May [2]. Group 2: Company Financials - 周大福 reported a revenue of 896.56 billion HKD for the year ending March 31, 2025, a decrease of 17.53% year-on-year, while net profit attributable to shareholders fell by 8.97% to 59.16 billion HKD [3]. - Despite the decline in revenue, the operating profit showed resilience, increasing by 9.8% to 147.46 billion HKD, with an operating profit margin expanding by 400 basis points to 16.4% [3]. - The return on equity for the company reached 21.9%, improving from the historical average of 18.4% over the past five years [3]. Group 3: Strategic Responses - 萃华珠宝 indicated that the rapid increase in gold prices could lead to significant short-term gains but may suppress long-term consumer demand, suggesting a need for strategic adjustments [3]. - 周大福 highlighted a 105.5% year-on-year increase in revenue from gold products featuring design and special craftsmanship, with the retail value share of these products rising from 7.1% to 19.2% [5]. - The company’s special series, such as the "传福系列" and "故宫系列," achieved sales of approximately 4 billion HKD each, exceeding annual targets [5].

《AI+端侧：豆包上线视频通话，见你 所见+情感陪伴，期待 AI 眼镜、AI 伴 侣等新终端的"iPhone 时刻"—行业 点评报告》-2025.5.26 《GB300 猜想二：功耗提升催化超级 电容在 AI 服务器中的应用大趋势》 -2025.3.16 行业走势图 数据来源：聚源 -17% 0% 17% 34% 50% 67% 2024-06 2024-10 2025-02 电子 沪深300 《GB300 猜想一：采用新架构新材料， PTFE 应用趋势逐渐显现》-2025.2.26 相关研究报告 存储行业跟踪报告——AI 需求持续高景气，存储涨 价仍在进行时 行 业 研 究 2025 年 06 月 13 日 投资评级：看好（维持） ——行业点评报告 陈蓉芳（分析师） 陈瑜熙（分析师） chenrongfang@kysec.cn 证书编号：S0790524120002 chenyuxi@kysec.cn 证书编号：S0790525020003 核心观点:价格周期+AI 产业趋势+关税多重共振，存储芯片价格有望持续上涨 据 DRAMeXchange1 数据，5/6 月份 DRAM 和 NAND 价格维持涨势。供 ...

交易员称，由于卢比疲软以及追踪海外市场的涨势，印度黄金期货于周五上午首次突破重要心理关口10 万卢比/10克(1161.02美元)。金价的高涨对全球第二大黄金消费国的需求造成了挤压。 ...

Core Viewpoint - European natural gas prices increased by 5.7% following an attack on Iranian facilities by Israel [1] Group 1 - The rise in natural gas prices is attributed to geopolitical tensions in the Middle East, particularly the conflict involving Israel and Iran [1] - The increase in prices may impact energy markets and consumer costs across Europe [1] - Investors should monitor the situation closely as further developments could lead to additional volatility in energy prices [1]

Core Point - Following the attack on Iranian facilities by Israel, European natural gas prices increased by 5.7% [1] Industry Impact - The rise in natural gas prices indicates heightened market volatility in response to geopolitical tensions [1] - Investors may need to monitor energy sector stocks closely as fluctuations in gas prices can impact profitability [1]

证券研究报告|行业研究报告 [Table_Title] 英美铂业 2025Q1 自营矿山铂族金属产量同比下降 8% 至 14.37 吨，铂族金属平均实现价格同比上涨 3%至 1,533 美元/盎司 [Table_Title2] 有色金属-海外季报 [Table_Date] 2025 年 6 月 13 日 [Table_Summary] 季报重点内容: ► 生产经营情况 1、铂族金属产量 2025Q1 铂族金属总产量较上期下降 17%，至 69.63 万盎司 （21.66 吨），主要原因是第三方 POC 产量下降，原因是 Kroondal 矿的产量（约 6.1 万盎司）自 2024 年 9 月起转换为 4E 代工协议，导致其产量有所下降，同时 Amandelbult 矿的产 量也下降（约 4.1 万盎司）。考虑到 Kroondal 矿的转型和 Amandelbult 矿的洪水影响，按同比计算，铂族金属总产量较 上期下降了 5%。 2025Q1 自营矿山铂族金属 (PGM) 产量（以 5E+Au 金属精矿 表示）(M&C) 同比下降 8% 至 46.2 万盎司（14.37 吨），环 比下降 21%，主要原因是 2 ...

Core Viewpoint - WTI crude oil futures have surpassed $77 per barrel, experiencing a daily increase of 13.17% [1] Group 1 - The significant rise in WTI crude oil prices indicates a strong market reaction, potentially driven by supply-demand dynamics or geopolitical factors [1] - The increase in oil prices may impact various sectors, including transportation and manufacturing, due to higher energy costs [1] - Investors may need to monitor the implications of rising oil prices on inflation and consumer spending [1]