封面新闻记者 白兰 刚刚过去的一周，黄金无疑是资本市场最亮眼的焦点，现货黄金屡创新高，带动A股黄金股大涨，消费端的黄金价格也水涨船高。9月6日盘中，现货黄金 更是一度大涨1.5%，史上首次站上3600美元/盎司整数大关。 截至收盘，现货黄金报3586.81美元，涨1.16%，本周累计涨幅创下6月中旬以来最大；COMEX黄金期货涨0.92%，报3639.8美元/盎司，同样再创新高。而 今年以来，现货黄金已累计上涨约976美元，涨幅高达37%。 在业内看来，利率预期和避险买盘共同作用，推动了本轮金价的持续上扬。美国劳工部数据显示，8月非农新增就业仅2.2万人，远低于市场预期的7万 人，失业率升至4.3%，为2021年以来最高。分析人士指出，劳动力市场作为经济的晴雨表，其疲软态势强化了市场对美联储降息的预期，进而支撑黄金 价格。 天风证券固收首席分析师谭逸鸣认为，本轮黄金冲上3600美元/盎司高位，其背后有四大推动因素：一是8月以来，美国货币政策独立性的担忧显著升温； 二是美联储降息预期升温，利率下行；三是地缘和经济前景的不确定性，推升市场避险需求；四是近两年黄金上涨的底层支撑，即美元美债的信心动摇， 全球央行持续 ...

每日经济新闻 （记者 胡玲） 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 每经AI快讯，华安证券9月7日发布研报称，给予山东黄金（600547.SH，最新价：37.69元）买入评级。 评级理由主要包括：1）山东黄金发布2025年半年报，公司2025年上半年实现营收567.66亿元，同比 +24.01%；实现归母净利润28.08亿元，同比+102.98%；2） 金价上行支撑业绩，矿山产金收入同增 55%；2）半年度利润分配回馈股东。风险提示：黄金价格大幅波动；项目建设不及预期；矿山安全和 环保风险等。 每经头条（nbdtoutiao）——疯狂囤黄金！全球央行黄金储备反超美债，系29年来首次！美元"霸权"落 幕？巨头：美国国债或迎"最糟糕十年" ...

Group 1 - The cryptocurrency market experienced a significant downturn, with Bitcoin falling by 1.36% to $110,762 per coin, and Ethereum dropping nearly 3% [1] - Over 70,000 traders were liquidated in the past 24 hours, with a total liquidation amount of $270 million [2] - The U.S. non-farm payroll data for August showed a disappointing increase of only 22,000 jobs, significantly below the expected 75,000, indicating a slowdown in the job market [2] Group 2 - The unemployment rate remained at 4.3%, matching expectations, while average hourly wages increased by 0.3% month-over-month, aligning with forecasts, but the year-over-year growth of 3.7% was slightly below the anticipated 3.8% [2] - The weak employment data has strengthened expectations for a Federal Reserve interest rate cut, with traders estimating a 96% probability of a 25 basis point cut in the upcoming September meeting [2][3] - Analysts predict that the Federal Reserve will begin cutting rates this month, with a 71% chance of three rate cuts by the end of the year [3] Group 3 - The international gold price surged, with COMEX gold futures rising by 0.92% to $3,639.8 per ounce, reaching a new high [7] - In August, gold ETFs saw a net inflow of $5.5 billion, primarily from North America ($4.1 billion) and Europe ($1.9 billion), while Asia and other regions experienced outflows [7] - The overall gold price has increased by 31% year-to-date, with a notable rise of 4% in August alone [7]

Group 1: Cryptocurrency Market Overview - The cryptocurrency market experienced a significant downturn, with Bitcoin dropping by 1.36% to $110,762 and Ethereum falling nearly 3% [1][2] - Over 70,000 traders were liquidated in the past 24 hours, with a total liquidation amount of $270 million [4][5] - The market capitalization of Bitcoin is approximately $796 billion, while Ethereum's market cap stands at around $587.8 billion [2] Group 2: Employment Data Impact - The U.S. non-farm payroll data for August showed a disappointing increase of only 22,000 jobs, significantly below the expected 75,000 [6][7] - The unemployment rate remained at 4.3%, with average hourly earnings increasing by 3.7% year-over-year, slightly below the expected 3.8% [8][10] - The weak employment data has strengthened expectations for a potential interest rate cut by the Federal Reserve, with a 96% probability of a 25 basis point cut in September [10][11] Group 3: Gold Market Reaction - International gold prices surged, with COMEX gold futures rising by 0.92% to $3,639.8 per ounce, reaching a new high [15] - In August, gold ETFs saw a net inflow of $5.5 billion, primarily from North America and Europe, while Asia experienced outflows [15]

Group 1: Federal Reserve and Economic Data - The U.S. non-farm payrolls increased by 22,000 in August, significantly below the market expectation of 75,000, indicating a cooling labor market [1] - The unemployment rate in August reached 4.3%, matching market expectations and marking the highest level since October 2021 [1] - The probability of a 25 basis point rate cut by the Federal Reserve in September is at 88.3%, with a 0% chance of maintaining the current rate [1][2] Group 2: Gold and Silver Market - Spot gold prices reached a historical high of $3,600.15 per ounce, with a year-to-date increase of 37% [1] - The rise in gold prices is driven by expectations of a rate cut, a weakening dollar, and increased market demand for safe-haven assets [4][5] - The SPDR Gold ETF holdings increased from 953.1 tons at the beginning of August to 981.9 tons by September 4, reflecting strong investment interest [4] Group 3: Oil Market - Saudi Arabia is pushing OPEC+ to consider restoring more oil production to regain market share, leading to a drop in international oil prices [3] - Brent crude oil fell below $65 per barrel, marking a new low since August 18, while WTI crude dropped to $61.3 per barrel, the lowest since June [3]

截至发稿，伦敦金现涨幅回落至1.15％，报3586美元/盎司。今年至今，伦敦金现累计涨幅达36.65%。 | F9 不复权 超级叠加 画线 工具 Q > | 伦敦金现 | | SPTAUUSDOZ | | | --- | --- | --- | --- | --- | | 2024/10/14-2025/09/05(233日)▼ | 3586.000 | | +40.640 +1.15% | | | 3600.180-> | IDC USD 5:00:00 | | | 1 . . + | | 3590 | | 3587.420 | | | | | ने | 3586.000 | | | | | 总量 | 0 现手 | | 0 | | | 结算价 | | | 3546.225 | | | 量高 | 3600.180 最低 | | 3539.715 | | | 均价 | 振幅 | | 1.71% | | | 外留 | 0 内盘 | | 0 | | | 昨结 | 3545.360 FER | | 3545.360 | | | 涨信 | 0.000 跌停 | | 0.000 | | 3360 | 持仓 | 0 增仓 ...

Core Viewpoint - The gold industry is experiencing significant growth, with all listed companies reporting year-on-year increases in performance, driven by rising gold prices and strong demand [1][2][6]. Performance Highlights - All 10 listed companies in the gold sector reported year-on-year growth in both revenue and net profit for the first half of 2025, with notable performances from companies like Western Gold and Shandong Gold [2]. - Western Gold achieved approximately 5.03 billion yuan in revenue, a 69.01% increase, and a net profit of about 154 million yuan, up 131.94% [2]. - Shandong Gold reported revenue of approximately 56.77 billion yuan, a 24.01% increase, and a net profit of about 2.81 billion yuan, up 102.98%, with record-high gold production [3]. Dividend Announcements - Shandong Gold plans to distribute a cash dividend of 1.8 yuan per 10 shares, totaling approximately 805 million yuan, reflecting its strong financial performance [3]. Institutional Research - Gold companies have been frequently visited by institutional investors, focusing on the reasons behind the performance growth, future gold production, cost changes, and overseas market strategies [4]. - Shandong International highlighted significant exploration successes, adding 3.85 tons of gold metal and acquiring new mining rights, which supports its growth strategy [4]. Future Production Plans - Shandong International anticipates production growth from the Osino project and potential acquisitions, with the Osino project expected to produce an average of 5 tons of gold annually post-2027 [5]. - The company is implementing various measures to recover production levels that fell below last year's figures due to lower ore grades [5]. Industry Outlook - The gold industry is expected to continue its growth trajectory, driven by strong central bank purchases and rising investment demand, as noted by Chifeng Gold [6]. - The overall sentiment in the gold market remains positive, with expectations of sustained demand and production increases [6].

Group 1 - The core viewpoint of the articles highlights the significant rise in gold prices, driven by weak U.S. non-farm employment data and increasing expectations for Federal Reserve interest rate cuts [1][4] - Gold prices have surged to an all-time high, surpassing $3600 per ounce, with a year-to-date increase of over $970, representing a 37% rise [1] - The weakening U.S. dollar, global central banks accumulating gold, and heightened monetary easing expectations are key factors contributing to the gold price surge [1] Group 2 - The Fed watch indicator from the CME shows that traders have raised the expectation of a 25 basis point rate cut by the Federal Reserve to 100%, with a near 10% chance of a 50 basis point cut [4] - The U.S. labor market is showing signs of weakness, with the unemployment rate rising to 4.3%, which supports the case for a rate cut this month [1][4] - Analysts suggest that if the independence of the Federal Reserve is compromised, investors may shift some U.S. Treasury holdings into gold, potentially driving gold prices up to nearly $5000 per ounce [4] Group 3 - Following the recent highs in gold prices, some investors have mocked Citigroup's bearish outlook on gold, which previously predicted a drop to $2500-$2700 per ounce by mid-2026 [5] - Citigroup has revised its bearish forecast, now expecting gold prices to rise to record highs due to deteriorating U.S. economic conditions and tariffs potentially increasing inflation [5] - The bank's analysts project that gold prices will range between $3300 and $3600 per ounce in the next three months [5]

Core Viewpoint - Spot gold has surpassed $3,590 per ounce, increasing by over 1% within the day, continuing to set a new historical high [1] Group 1 - The price of spot gold has reached a record level, indicating strong demand and market interest [1] - The increase in gold prices reflects ongoing economic uncertainties and investor behavior favoring safe-haven assets [1]

Group 1 - International gold prices have recently experienced fluctuations, with domestic gold stores adjusting their prices accordingly, some decreasing by 4 yuan per gram while others remain unchanged [1][3] - Promotions are being offered by gold retailers, with discounts ranging from 60 to 120 yuan per gram, making the effective price of gold jewelry approximately over 900 yuan per gram [1] - Sales performance in gold retail has been strong, with one store reporting nearly 400,000 yuan in sales for the day, indicating consumer interest despite high gold prices [1] Group 2 - The gold jewelry industry is adapting to high gold prices by changing sales strategies and product structures, including the introduction of more complex craftsmanship products [4] - Despite high gold prices suppressing overall jewelry consumption, products with strong design and high added value continue to attract consumers, leading to improved profitability for retailers [4] - Several gold retail brands reported significant revenue growth in the first half of the year, with notable increases in both revenue and net profit for companies like潮宏基, 菜百股份, and 周六福 [4][5] Group 3 - Analysts from 中信建投证券 suggest that gold jewelry companies are benefiting from the appreciation of gold inventory and an increase in the proportion of high-margin products, leading to overall improved performance [5]