6月2日，国际金价重返3300美元/盎司高位，截至北京商报记者发稿时，金价涨幅超过2%，盘中突破3360美元/盎司。此番上涨背后，是美国宣布将进口钢铁 关税上调、地缘政治局势再度紧张等多重因素叠加引发的避险浪潮。尽管国际金价近期波动频繁，国内黄金零售市场热度却丝毫未减。北京商报记者在走访 期间发现，端午节期间，各大金店纷纷推出克重直减、满赠优惠等促销举措，部分品牌金饰每克最高立减100元，吸引不少消费者购买，门店客流明显回 升。 重回3300美元/盎司 短暂回调后，黄金迎来了一波拉升行情。6月2日，现货黄金冲上3300美元/盎司，盘中突破3360美元/盎司关口，截至发稿，最新报3362.28美元/盎司，日内 涨2.18%；COMEX黄金期货主力最新报3385.2美元/盎司，日内涨2.11%。 消息面上，据央视新闻报道，当地时间5月30日，美国总统特朗普在宾夕法尼亚州举行的一场集会上表示，将把进口钢铁的关税从25%提高至50%。随后， 特朗普在社交媒体平台上发文表示，该决定从6月4日起生效。美国白宫当天在社交媒体上发布公告称，"为进一步保护美国钢铁行业免受外国和不公平竞争 的影响，从下周起，美国进口钢铁关税将从 ...

Core Insights - The recent volatility in the gold market is attributed to fluctuating expectations regarding Federal Reserve interest rate cuts, geopolitical tensions, and the impact of inexperienced investors falling into multiple traps [1] Group 1: Market Dynamics - As of June 2025, London spot gold fluctuated around $3,290 per ounce, down 6% from the historical high in April [1] - Global gold demand is projected to reach a record high in 2024, despite the rise in risks such as scams and high leverage liquidation events [1] Group 2: Common Traps for New Investors - **Herd Mentality**: Many new investors view gold as a guaranteed profit tool, leading to impulsive buying during price surges, resulting in significant losses during downturns [3] - **Overtrading**: New investors often overlook trading costs, with some platforms charging spreads as high as $0.8 per ounce, potentially leading to a 12% annual loss on capital due to frequent trading [4] - **Neglecting Risk Management**: High leverage in gold trading can lead to substantial losses; for instance, a 1% price fluctuation with 50x leverage can result in a 50% loss of capital [5] - **Platform Scams**: The rise of clone platform scams poses a significant risk, as seen in a case where an investor was misled into transferring 1.9 million yuan to a fraudulent account [6] - **Lack of Planning**: Long-term investors in gold (over 5 years) achieve an average annual return of 8.2%, while frequent traders see only 15% achieving positive returns [7] Group 3: Recommendations for New Investors - New investors are advised to accumulate experience through simulated trading and to utilize educational resources to understand market influences [3] - Implementing a "pyramid accumulation" strategy is recommended, where initial positions do not exceed 20% of capital, with incremental increases based on market movements [8] - The importance of verifying platform legitimacy and transaction speed is emphasized to avoid scams [6]

Core Viewpoint - The recent turmoil in the global economy has led investors to seek "safe havens" like gold, but the investment landscape is fraught with risks, as evidenced by the collapse of Zhejiang Yongkun Holdings, which has left many investors in financial distress [2][4][40]. Group 1: Company Overview - Zhejiang Yongkun Holdings, operating under the name Yongkun Gold, attracted investors through a gold custody model, promising returns and the ability to withdraw funds or gold within specified periods [10][8]. - The company was established in 2014 and had a registered capital of 102.3 million RMB, with its headquarters located in Hangzhou [21][20]. - As of late May 2025, the company was reported to have gone silent, with its online platform clearing out products and customer service becoming unreachable [26][30]. Group 2: Investment Model and Risks - Yongkun Gold's investment model involved both online and offline sales, with promises of guaranteed returns and high annualized yields of around 7% [10][32]. - The company faced scrutiny for its non-compliance with financial regulations, as it was not a licensed financial institution and made unrealistic promises of guaranteed returns [40][42]. - Investors reported being unable to withdraw their funds or gold, leading to significant financial losses, with some families investing millions [16][18][30]. Group 3: Legal and Regulatory Issues - Following the company's operational issues, it was placed on a list of businesses with abnormal operations due to its inaccessibility [24][26]. - Legal experts indicated that the company's practices were likely illegal, as non-financial institutions are not permitted to offer gold investment services with guaranteed returns [40][42]. - The insurance policies provided by Yongkun Gold were found to have significant loopholes, failing to cover risks associated with the company's potential collapse [26][40]. Group 4: Investor Impact - The fallout from Yongkun Gold's collapse has left many investors in dire situations, with some facing debts and financial ruin [30][34]. - Victims of the scheme are struggling to gather evidence for potential legal recourse, highlighting a lack of awareness regarding the importance of documentation in investment transactions [37][30]. - The total amount of funds involved in the scandal is estimated to be at least 4.1 billion RMB, with many investors feeling deceived by the company's promises [37][38].

周一（6月2日）亚市早盘，现货黄金高开高走，一度上涨逾20美元至3316.50美元/盎司，因乌克兰周末袭击多个俄罗斯军用机场，令地缘局势担忧情绪升 温。 没有不成功的投资，只有不成功的操作，秦氏金升浸染金融行业十余载，有丰富的实战操盘经验和独特的交易理念，我们拥有全球稳健的交易系统在这里， 对黄金、原油、等投资领域研究多年，具有扎实的理论基础和实战经验，擅长技术面消息面结合式操作，注重资金管理和风险控制，操作风格稳健果断，以 随和负责的性格与犀利果断的操作而被广大投资朋友认可。分析文章只是对市场未来可能的描述，只是观点的表达，不作为投资决策依据，投资有风险，交 易务必注意合理的仓位配置、资金管理和风险控制，无风控不交易，不要让交易失控！ 黄金走势分析：从黄金日线图看，尽管周初阶段出现了比较明显的高位回落，但金价还是始终守住了3240的支撑，这同时也代表了MA10和MA20的共振支 撑保护强劲，不过考虑到目前陷于下跌通道当中，所以上方的空间短期也无法直接打开，MACD指标的金叉也在缩口；从黄金4小时图看，从周中开始金价 逐步出现反弹，虽然空间並不算大，但足以代表下方的回落幅度有限，目前短期均线组的帮助不大，因为 ...

更何况，最近靠着一招反复折腾关税操控资本市场，带着自己的亲朋好友们早早埋伏，没少赚美刀啊。 中美谈的是有90天的缓冲期，且还早着呢，不必着急早早的出结果。 最近这段时间暂停加征关税，可以让美国国内囤一波货，懂王也能缓缓。压力没那么大了，就可以换个 姿势作妖了，东大这边没有放松稀土出口，美国那边也在想办法加筹码，只是我认为不给中国学生签证 其实真的毫无意义，留学生的名声到底要怎么挽回来呢？董大姐私下里对留学生的评价，4+4风波，美 帝还真以为这一招能拿捏谁，那也是错判了行情。 之前懂王就把白宫的华裔幕僚都赶走了，因为他们提供了错误的讯息，这倒不是这帮高华们有意误导， 实在是这帮人无非是各种型号的章家敦。傲慢和偏见让他们根本看不清中国，只是一味地揣摩懂王的心 思，在那里胡说八道，等懂王发现上当了，已经掉坑里了。 现在无非是从一个坑掉另一个坑，凭空造出来的牌没什么作用，只能拖呗。 懂王那边着急的是推自己的大美丽法案。就这个法案，现在引发全美上下一片骚动，法案1000多页，估 计没几个人有耐心看完。不过网上有很多关于法案的解读，我看了半天，核心就四个字：劫贫济富，堵 死穷人占国家便宜的各种路子，让富人缴更少的税，让美 ...

报告推荐：黄金全产业链季度观察报告 出 品 方：北京黄金经济发展研究中心 黄金市场：避险情绪下的价值重估 高盛预计金价明年有望触及3700 美元/盎司，较当前价格上涨约11.8%，并警示极端情境下可能攀升至接近4500 美元（约上涨36%）。瑞银和摩根大通等机 构同样对金价持乐观展望，认为全球避险需求、央行"去美元化"买盘以及中国市场的新生力量将为金价提供支撑。 避险情绪推高金价 今年以来，全球经济和地缘政治不确定性上升，黄金避险属性凸显。4 月下旬，金价在避险买盘推动下突破3500 美元，年初至今涨幅近30%。虽然投机资金 曾撤离，但对经济衰退的担忧使黄金ETF 持仓持续增加，东方市场的实物需求也在逢低买入。美国与中国的新一轮贸易摩擦进一步助燃了市场避险情绪。 尽管双方在5 月12 日达成临时关税休战协议，但投资者对美国经济前景的担忧仍未消除，避险资金加速涌入黄金市场。 高盛：上调预期 高盛上调黄金价格预测，将2025 年底金价目标提高至3700 美元/盎司，预计金价运行区间在3650~3950 美元之间。支撑这一预期的核心因素是全球央行购金 需求和避险资金流入超预期。高盛将全球央行每月购金量假设从70 吨 ...

2025都快过半啦！车水马龙的街头，人来人往，日子有条不紊地推进。我们心中都有对幸福快乐的向往，可现实总夹杂 着失落。但别怕！生活不会一直顺风顺水，挫折是成长的必修课。坚强起来，把失落踩在脚下，当作向上攀登的阶梯。 接下来的日子，咬紧牙关，继续拼搏，幸福快乐定在不远处等着我们！ 我曾在悲伤里沉沦，于颠沛流离中迷失，无数次质疑走过的路是对是错。那些艰难时刻，像冰冷的枷锁，将我紧紧束 缚。但我不想一直陷在泥沼，心中残存的信心，是黑暗里的微光。此刻，我决定重新出发。前路或许依旧坎坷，可我不 再退缩。我会带着这份勇气，继续加油努力，用汗水浇灌希望，去拥抱未知的明天。 六一儿童节快乐！在车水马龙的日子里，我们一路成长，但今天不妨停下匆忙的脚步，回归童真。童真不是幼稚，而是 面对生活时那份无畏的勇气和纯粹的快乐。它让我们在成长的道路上，即便历经风雨，依然能保持对生活的热爱。愿我 们带着这份童真，勇敢前行，去拥抱未来的无限可能！ 下周关键点位：下周3334 - 3344这一区间将成为多空双方争夺的焦点。若价格失守该区间，或许会朝着3400上方发起冲 击，市场的不确定性依然存在。 个人观点倾向：个人更倾向于6月黄金将开启下跌 ...

Core Insights - The article discusses how Trump's actions have inadvertently revealed long-standing investment biases among investors, shaped by their past experiences, which may not be applicable to future market conditions [1][3]. Group 1: Investment Strategies and Biases - The "buying the dip" strategy has been a golden rule for investors in the U.S. stock market over the past 30 years, largely due to Federal Reserve interventions following market downturns [3][4]. - There is skepticism about the reliability of the "buying the dip" strategy in the current market environment, especially with challenges to the Federal Reserve's credibility [4]. - Historical data shows that stocks have generally outperformed bonds over long periods, but recent studies suggest that bonds have outperformed stocks in several 20-year periods [4][5]. - The belief that gold is a poor investment has been challenged by its recent performance, with significant price increases since 2015, contrasting with the views of older investors who experienced declines in the past [6][7]. - The dominance of U.S. tech stocks, particularly the "Magnificent Seven," has created a perception of guaranteed returns, but broader market indices like Russell 2000 have not shown similar growth [7][10]. - The article highlights a shift in investment performance, with value stocks beginning to outperform growth stocks, suggesting a potential reevaluation of investment strategies [12]. - Cash, once deemed unattractive due to low interest rates, has regained appeal as interest rates rise, outperforming stocks and bonds in certain markets [13].

Group 1 - The global gold market has shown strong performance since 2025, with prices reaching new highs and maintaining high volatility, with London gold prices fluctuating around $2,600 per ounce at the beginning of the year and surpassing $3,000 in mid-March, potentially reaching $3,700 by the end of 2025 according to institutions like Goldman Sachs [2] - Gold ETFs have become a core tool for investors to enter the gold market due to their T+0 trading capability and low entry barriers, with several domestic gold ETFs ranking among the top ten globally in net inflows since 2025 [2] - The main gold ETFs in the A-share market have achieved an average return of approximately 24% since the beginning of 2025, with the lowest holding cost being 0.15% for the Huaxia Gold ETF [3][4] Group 2 - The Huaxia Gold ETF's scale has rapidly increased, reaching 44.87 billion yuan by May 28, 2025, a growth of 211.86% from the end of 2024 [4] - Institutional investors have significantly increased their holdings in the Huaxia Gold ETF, with their share rising from 0.33 billion units in June 2022 to 1.96 billion units by the end of 2024, maintaining an 80% share of total holdings [6] - The number of individual investors in the Huaxia Gold ETF has also grown, with the number of fund holders increasing from 735 in mid-2022 to 4,390 by the end of 2024 [7] Group 3 - Gold industry stock ETFs have outperformed gold ETFs this year, with most gold industry ETFs achieving returns exceeding 30%, while the Shanghai Composite Index and Shenzhen Composite Index have only seen returns of 0.34% and 1.81%, respectively [8] - The Huaxia Gold Stock ETF has the lowest management and custody fees in the market at 0.15% and 0.05%, respectively, and has achieved a return of 32.31% this year, ranking first among similar funds [8][12] - The Huaxia Gold Stock ETF has a cumulative return of 53.94% since its establishment, outperforming its benchmark by 8.62% [10]

Group 1 - The core viewpoint of the article highlights the recent fluctuations in gold prices, which have seen a moderate correction after reaching a peak in mid-April 2025, driven by easing U.S. interest rate expectations and stabilizing global inflation pressures [1][5][9] - The gold jewelry market is experiencing a new consumption turning point, as gold jewelry is increasingly viewed as both an investment and an aesthetic product, with rising purchase enthusiasm among consumers [1][5][11] - The "Fuman Chuanjia" series launched by Luk Fook Jewelry, inspired by Song Dynasty aesthetics, aligns with the current market dynamics, catering to both rational investment needs and cultural appreciation [5][11][21] Group 2 - The recent price adjustments in gold present a favorable buying opportunity, as the market sentiment shifts from investment-driven purchases to a focus on aesthetic and cultural values among younger consumers [7][9][16] - The collaboration with global ambassador Cheng Yi has significantly boosted Luk Fook Jewelry's brand visibility and sales, particularly during cultural events like the 520 festival [12][15] - The "Fuman Chuanjia" series incorporates classic Song Dynasty elements and modern design, appealing to consumers' desires for high-quality, unique jewelry that reflects cultural heritage [18][19][21]