黄金亚盘再度上演回踩，多头能否择机入场？立即观看超V推荐官Jason多品种实时分析>>> 相关链接 ...

从黄金1小时图走势来看，日线级别维持多头强势震荡上行格局，翁老师建议日内继续以区间低多策略 为主。当前市场处于震荡整理阶段，短期存在技术性冲高回落压力。操作上翁富豪建议以短线多单为 主，重点把握顺势低多的交易逻辑。需重点关注上方3390-3400阻力区间，以及下方3340-3330支撑区 间。具体策略翁富豪建议回调至3348-3353区域可择机尝试多单。 周三（6月4日）国际金价上涨0.56%，主要受多重因素驱动。美国ISM非制造业PMI降至49.9、ADP就业 数据不及预期，拖累市场信心，资金涌入黄金避险，金价盘中触及3384.55美元/盎司。美元指数下跌 0.5%、10年期美债收益率回落，进一步支撑金价。特朗普政府将钢铁和铝关税提高一倍，加剧全球供 应链担忧，强化黄金避险属性。美联储9月降息概率升至77%，ADP数据和通胀压力强化降息预期。市 场聚焦6月6日非农报告，其结果将影响美联储政策预期及金价走势。欧洲央行决议、美国初请失业金人 数等也将持续影响黄金市场。 1.黄金建议回调3348-3353区域做多，止损在3340，短期看3365-3375，目标3400 操作策略： 文章没有太多华丽的语言与鸡汤，一 ...

Core Viewpoint - The gold market is experiencing unprecedented volatility and uncertainty, with recent price fluctuations driven by geopolitical tensions and economic factors [1][2]. Price Trends - On June 2, international gold prices surged past the key resistance level of $3,300 per ounce, closing at $3,406 per ounce, marking a nearly 3% increase and the largest single-day gain in three weeks [1]. - Earlier in April, gold prices reached a historical high of $3,509 per ounce before dropping to $3,245 due to easing geopolitical tensions, followed by a recovery supported by central bank gold purchases and rising inflation expectations in the U.S. [1]. Market Influences - The sensitivity of gold prices is attributed to its status as a recognized safe-haven asset, closely linked to global economic conditions, including U.S. Federal Reserve policy shifts, geopolitical conflicts, and global inflation trends [2]. - Major Wall Street firms have raised their gold price forecasts, with Goldman Sachs projecting a target price of $3,700 per ounce by the end of 2025, and JPMorgan predicting that gold could reach $4,000 sooner than expected [2]. Investment Trends - There is a growing trend of retail investors participating in gold investments, driven by social media discussions and investment analysis videos, leading to a surge in interest [3]. - Some investors are resorting to high-risk financing methods, such as consumer loans and credit cards, to invest in gold, which poses significant financial risks if prices decline [3]. Investment Strategies - Various investment methods for gold include physical gold (bars, coins) and gold ETFs, with the latter offering lower costs and higher liquidity [3]. - The 华夏 Gold ETF (518850) has gained attention for its strong performance, and investors can also consider ETF-linked funds for similar investment benefits [4].

公众号高阅读榜榜首作品——华夏基金27周年推文，联动视频号共同宣发，生态共振创造了较高的流量势能，为基金今年首篇10W+推文。其他作品主要以 红包福利为主。 本期为基金社交媒体指数（2025年4月）。 基金总榜延续稳定态势，榜单进出机构较少。具体来看，本期兴证全球基金、华富基金替换永赢基金（3月TOP18）、东方红资管（3月TOP19）上榜。 2025年以来，基金抖音高赞榜上榜题材随热点轮动，1月"春节"、2月"哪吒"、3月"机器人"、4月"关税"，充分体现了抖音财经板块热点驱动的流量特性。具 体来看，4月上榜作品中，国泰基金详细地讲述了关税的由来、关税战的发展脉络、事件影响等，帮助用户全面了解关税战全貌，作品从「美国鸡蛋价格飙 升」这一民生热点切入，有助于激发用户共鸣与讨论，收获过万点赞；嘉实基金则从避险资产——黄金切入，讨论在关税政策引发的市场波动和不确定性 下，黄金的投资价值，作品将宏观事件与微观投资工具结合，为用户提供即时、实用的投资建议。 视频号方面，本期上榜作品题材多样，包含泛财经解读、品牌宣传、活动宣传等内容，表明视频号用户对财经内容的需求走向多元。泛财经方面，中欧基金 剪辑小宇宙跨境投资风险相 ...

黄金技术面分析：周三黄金盘面回撤调整后，再次探底回升，晚间盘面慢牛反弹，最高再次回到3385附 近，逼近前期高点的齐跌位置，一方面反弹出现连续性，另一方面吃掉了昨日晚盘的回落，这个时候一 定不是走弱的行情。再一个就是注意行情的节奏，最近的行情基本是十点前后一波，下午基本是鸡肋， 尤其是欧盘时间段，就是来回晃悠，而晚盘就是九到十点这个时间段会延续亚盘的形态。所以今日短线 日内布局就卡这个节奏来参与。目前短线陷入高位震荡钝化。日线图反复测试高点但突破仍缺少动能。 日线图开始进入收缩震荡当中。布林道开始收口。所以还是不要贸然的去追多，主要是做节奏。 日线图上黄金早上先是快速下跌，造成诱空的局面，然后晚上暴力拉升到3385，把追空的一车带走。从 4小时分析来看，今日下方支撑关注3355-58一线附近，日线级别企稳此位置上方继续看多头强势震荡上 行节奏，重点关注3350一线多空风水岭，短线价格交投3383一线，该位置已经现价通知做空。多头收割 完之后就开始高空，不过当天重要多空分水岭咱们需要关注3368美元一线！如果价格顺利高位按照预期 走弱，跌破且失守该位置之后。空头估计会去测试3350一线，当日空头最大下限可看至3 ...

Group 1: Private Equity and ETF Trends - Over 100 private equity firms have appeared in the top ten holders of ETFs in 2023, with a total holding of 1.783 billion shares [1] - Specific examples include Qingdao Luxiu Investment holding 30 million shares in the Invesco CSI 300 Enhanced Strategy ETF, accounting for 6.83% of the fund [1] - The trend indicates a growing interest from private equity in ETFs, reflecting a shift in investment strategies [1] Group 2: Private Equity Research Activity - In May, 48 private equity firms actively participated in A-share research, with 40 firms conducting 10-19 surveys and 8 firms conducting over 20 [2] - Notable firms include Zhenyuan Investment, which led with 72 surveys, and several billion-dollar private equity firms ranking in the top ten for research frequency [2] Group 3: Market Insights from Investment Firms - Dushuquan's latest monthly insights highlight a return to fundamental pricing in the market, emphasizing the resilience of high-quality companies [3] - The firm identifies opportunities in high-end manufacturing, AI-driven innovations, and new consumer sectors as key areas for investment [3] Group 4: Compliance Self-Inspection in Private Equity - Multiple regions, including Sichuan and Jiangxi, are initiating compliance self-inspections for private equity fund managers, focusing on fundraising and internal management [4] - Deadlines for self-inspections vary by region, with significant regulatory scrutiny expected for non-compliance [4] Group 5: New Fund Establishments - A new private equity fund focused on artificial intelligence terminals has been established in Shenzhen, with a total investment of 1.44 billion RMB [5] - The fund aims to engage in equity investment and asset management activities [5] Group 6: Gold Price Volatility and Investment Strategies - In May 2025, international gold prices experienced significant fluctuations, influenced by U.S. fiscal policies and geopolitical risks [6] - Investment strategies such as CTA are being highlighted as beneficial in capturing trends in gold futures due to increased volatility [6] Group 7: Strategic Investments - Honghui Fund has completed a strategic investment in Jiangsu Fuxing Electric Technology Co., with participation from several notable investment firms [7] - This investment reflects ongoing interest in technology and manufacturing sectors [7] Group 8: Robotics Industry Developments - A humanoid robotics company has completed Series A financing led by Shenzhen Capital Group, focusing on product upgrades and mass production [8] - The company aims to enhance its technology through practical applications, such as participating in soccer matches [8] Group 9: Corporate Changes -招商证券 has appointed Zhu Jiangtao as the new president, with a focus on strategic development [9] -宏信证券 has officially changed its name to Tianfu Securities, marking its second rebranding in history [12][14]

黄金作为全球性避险资产，其价格波动与美国通胀数据密切相关。理解通胀指标与黄金市场的联动机制，有助于投资者把 握市场脉络。本文探讨美国主要通胀指标对金价的影响逻辑，并分析相关投资策略。 二、通胀影响金价的三维路径 通胀数据对黄金市场的影响通过多重机制传导： 三、投资策略建议 一、核心通胀指标解析 美国通胀监测体系主要由三大指标构成： 1. 消费者价格指数（CPI）：反映终端消费品和服务价格变化，直接影响居民购买力。当CPI持续上升，往往预示着通胀压 力加大和市场避险需求升温。 2. 生产者价格指数（PPI）：监测生产领域原材料及中间品价格，通常作为CPI的前瞻指标。PPI上涨常逐步传导至消费 端，间接影响黄金市场情绪。 3. 个人消费支出物价指数（PCE）：覆盖更全面的消费行为数据，其灵活统计方法使其成为美联储政策制定的重要参考依 据。 在通胀数据窗口期，投资者可注意： 1. 实际利率效应：当通胀增速超越名义利率时，实际利率下行降低黄金持有成本，形成金价支撑。 2. 预期波动效应：数据公布前市场提前博弈预期，如CPI超预期可能引发黄金抛售，不及预期则刺激避险买盘。 3. 政策传导效应：美联储依据通胀调整货币政策 ...

2025年6月的黄金市场正经历多重力量的博弈。受美国关税政策调整及美元指数回落影响，国际金价在3200-3400美元/盎司区间震荡中展现韧性。全球央行 购金力度持续加大，2025年第一季度黄金购买量创历史新高，中国央行黄金储备连续18个月增持，凸显黄金作为"危机对冲工具"的战略价值。与此同时，美 联储6月15日议息会议临近，市场对降息预期升温，若实际利率进入负值区间，将进一步降低持有黄金的机会成本。地缘政治方面，中东冲突升级、台海局 势紧张等因素叠加特朗普政府的"全球关税战"政策，使得黄金的避险属性被再度激活。 在这样的市场环境下，专业投资平台的选择尤为关键。金盛贵金属作为香港黄金交易所AA类会员（第047号），凭借合规资质与技术创新构建了全流程投资 优势。其自主研发的交易系统实现毫秒级订单执行，同步接入MT4与MT5平台，既能满足自动化交易需求，又支持多资产深度回测，在市场剧烈波动时仍可 保障交易流畅性。资金安全方面，平台采用银行级隔离账户系统，2小时极速到账机制与同名账户转账制度，从源头杜绝资金盗用风险。 通胀与避险需求的双重驱动逻辑 当前全球通胀压力虽较2022年峰值有所回落，但能源价格波动与供应链重构 ...

Market Overview - The Shanghai Composite Index rose by 0.43% to close at 3361.98 points, with a daily high of 3367.0 points [1] - The Shenzhen Component Index increased by 0.16% to close at 10057.17 points, reaching a high of 10088.19 points [1] - The ChiNext Index gained 0.48%, closing at 2002.7 points, with a peak of 2012.24 points [1] ETF Market Performance - The median return for stock ETFs was 0.13% [2] - The highest performing scale index ETF was Huatai-PB SSE Sci-Tech 100 ETF with a return of 1.54% [2] - The top industry index ETF was China Tai CEA Medical and Health ETF, yielding 2.27% [2] - The best strategy index ETF was China Bao S&P China A-Share Dividend Opportunity ETF, with a return of 0.98% [2] - The leading thematic index ETF was China Tai CEA Hong Kong Gold Industry ETF, achieving a return of 3.89% [2] ETF Performance Rankings - The top three ETFs by return were: - Guotai CEA Hong Kong Gold Industry ETF (3.89%) [4] - Hua'an CEA Hong Kong Gold Industry ETF (3.53%) [4] - Yongying CEA Hong Kong Gold Industry ETF (3.38%) [4] - The three ETFs with the largest declines were: - E Fund CEA Auto Parts Theme ETF (-1.94%) [4] - Guotai CEA 2000 ETF (-1.61%) [4] - E Fund CEA Home Appliance Leaders ETF (-1.54%) [4] ETF Fund Flows - The top three ETFs by fund inflow were: - Huatai-PB CSI 300 ETF with an inflow of 805 million yuan [6] - Huaxia SSE 50 ETF with an inflow of 433 million yuan [6] - Southern CSI 500 ETF with an inflow of 283 million yuan [6] - The three ETFs with the largest outflows were: - E Fund ChiNext ETF with an outflow of 253 million yuan [6] - Guolian An CEA All-Index Semiconductor Products and Equipment ETF with an outflow of 209 million yuan [6] - Huaxia SSE Sci-Tech 50 Component ETF with an outflow of 191 million yuan [6] ETF Margin Trading Overview - The top three ETFs by margin buying were: - Huaxia SSE Sci-Tech 50 Component ETF with a buying amount of 371 million yuan [8] - Huatai-PB CSI 300 ETF with 228 million yuan [8] - Huabao CSI Medical ETF with 177 million yuan [8] - The top three ETFs by margin selling were: - Huatai-PB CSI 300 ETF with a selling amount of 19.95 million yuan [8] - Southern CSI 500 ETF with 14.01 million yuan [8] - Huaxia SSE Sci-Tech 50 Component ETF with 3.87 million yuan [8] Institutional Perspectives - Minsheng Securities is optimistic about the upward movement of gold prices, citing mild U.S. inflation data and trade uncertainties as supportive factors for gold [10] - Huafu Securities emphasizes the long-term value of gold, driven by rising geopolitical tensions and market risk aversion [10]

广州日报讯 （全媒体记者许晓芳）6月3日早间，COMEX黄金一度突破3417美元/盎司，金价再次逼近 历史最高位3500美元/盎司。与此同时，国内品牌首饰金价也同步走高，多个品牌足金饰品价格重回每 克千元以上。值得注意的是，这已是黄金年内第三次在3300美元关口上演"过山车"行情。 当前，分析机构对黄金商品市场的看法已经呈现出分化。高盛坚定看涨黄金，认为当前的回调是投资者 建立多头头寸的良机。该行维持2025年底金价3700美元/盎司、2026年中4000美元/盎司的预测目标。高 盛指出，尽管黄金ETF资金外流，但私营部门资产配置向黄金的温和转移，以及美联储延迟降息等因 素，共同构成了黄金价格的上行动力。 但花旗银行在最新报告中指出，虽然金价有望在2025年下半年继续在3100~3500美元/盎司区间震荡，但 长期前景不太乐观，预计2026年~2027年将出现显著回调。花旗认为，随着全球经济不确定性下降，市 场避险情绪或将减退，加之当前全球家庭黄金持有量已攀升至半世纪以来的峰值水平，市场对黄金的需 求可能会下降。 阅宝黄金集团投资经理、国家注册高级黄金分析师谢雪美认为，金价的上涨主要是因为国际贸易紧张局 势升 ...