受益于地缘政治动荡以及对美国降息的预期，共同推动投资者涌入避险资产。 北京时间1月26日亚市早盘，现货黄金价格飙升至历史新高，突破每盎司5000 美元大关，最高逼近5031美元/盎司，延续了此前的历史性涨势。现货白银首次突破106美元/盎司，日内涨近3%。 据格隆汇，此番涨势一方面源于美国总统唐纳德・特朗普的政策对国际关系格局的重塑。美国与北约盟友就格陵兰岛问题不断升级的摩擦，进一步推高了今 年以来的金价，原因是市场预期未来金融和地缘政治的不确定性将进一步加剧。 另一方面则是因为投资者纷纷撤离主权债券与外汇市场。受美国宽松货币政策、各国央行需求以及ETF资金流入创纪录等因素支撑，黄金价格在2025年上涨 逾64%。 此外，疲软的美元进一步提振了市场对贵金属的需求。 来源：读创财经 ...

黄金周一飙升至每盎司5,000美元以上的纪录高位，延续了历史性的涨势，因为在地缘政治紧张局势加 剧之际，投资者纷纷涌入这种避险资产。现货金黄金上涨0.75%，至每盎司5,019.85美元；2月份交割的 美国期金上涨0.84%，至每盎司5,020.60美元。美国与北约在格陵兰岛问题上的摩擦升级，为黄金今年 的上涨增添了新的动力，因为人们预期金融和地缘政治将出现更多的不确定性。"我们预测，今年黄金 的最高价将达到每盎司6,400美元，平均价为5,375美元，"独立分析师罗斯-诺曼称。在美国货币政策宽 松、央行需求以及创纪录的交易所交易基金资金流入的支撑下，黄金在2025年飙升了64%。现货 白银 上涨2.52%，至每盎司105.54美元。现货铂金下跌0.03%，至每盎司2,766.30美元；现货钯金上涨0.31%， 至每盎司2,016.25美元。 ...

黄金周一飙升至每盎司5，000美元以上的纪录高位，延续了历史性的涨势，因为在地缘政治紧张局势加 剧之际，投资者纷纷涌入这种避险资产。现货金黄金上涨0.75%，至每盎司5，019.85美元；2月份交割 的美国期金上涨0.84%，至每盎司5，020.60美元。美国与北约在格陵兰岛问题上的摩擦升级，为黄金今 年的上涨增添了新的动力，因为人们预期金融和地缘政治将出现更多的不确定性。"我们预测，今年黄 金的最高价将达到每盎司6，400美元，平均价为5，375美元，"独立分析师罗斯-诺曼（Ross Norman） 称。在美国货币政策宽松、央行需求以及创纪录的交易所交易基金资金流入的支撑下，黄金在2025年飙 升了64%。现货白银上涨2.52%，至每盎司105.54美元。现货铂金下跌0.03%，至每盎司2，766.30美元； 现货钯金上涨0.31%，至每盎司2，016.25美元。 新浪合作大平台期货开户 安全快捷有保障 新浪合作大平台期货开户 安全快捷有保障 责任编辑：王永生 黄金周一飙升至每盎司5，000美元以上的纪录高位，延续了历史性的涨势，因为在地缘政治紧张局势加 剧之际，投资者纷纷涌入这种避险资产。现货金黄金上涨0 ...

Macro and Financial - China's GDP is projected to grow by 5% in 2025, reaching 140.19 trillion yuan, with a 4.5% growth in Q4 [5] - The Ministry of Finance has launched a package of policies to promote domestic demand, focusing on expanding private investment and boosting consumer spending [6][7] - The People's Bank of China indicates there is still room for interest rate cuts and reserve requirement ratio reductions in 2026 [7] - The first Loan Prime Rate (LPR) of 2026 remains unchanged at 3.0% for one year and 3.5% for five years, with potential for future reductions [7] Capital Market - The China Securities Regulatory Commission (CSRC) has issued new guidelines for public fund performance benchmarks, effective March 1, 2026, aiming to shift the industry focus from scale to investor returns [14] - The CSRC has also imposed a fine of 5.11 billion yuan on an individual for manipulating stock prices, alongside a three-year market ban [15] - Shanghai has introduced 18 measures to enhance the trading capacity of non-ferrous metal commodities, aiming to improve global resource allocation and pricing influence [16] Precious Metals Market - The global metals market is experiencing a significant surge, with gold and silver reaching their highest weekly gains since 2020, and silver prices surpassing 100 dollars per ounce for the first time [17][20] - The weakening of the US dollar has led to increased demand for safe-haven assets, contributing to the rise in precious metal prices [20] Business and Industry - Beijing has issued measures to encourage capable enterprises to engage in mergers and acquisitions within the satellite data industry, aiming to create globally competitive companies [21] - The first A-share IPO of 2026 has been accepted, with Shanghai Suiruan Technology aiming to raise 6 billion yuan for AI chip development [22] - The commercial aerospace company Zhongke Aerospace has completed its IPO counseling, marking a significant step in its market entry [23]

Group 1 - The market showed a divergence last week, with the CSI 300 index declining by 0.62%, while the Shanghai Composite Index increased by 0.83%, and the CSI 500 index surged by 4.34% [2] - The domestic economy is experiencing limited rebound, with industrial production showing seasonal recovery, but retail sales and real estate sales remaining at relatively low levels [2] - International gold prices increased by 8.31% last week, indicating a continued preference for safe-haven assets amid global uncertainties [2] Group 2 - Despite the reduction in holdings by the national team, market enthusiasm remains high, with retail investors continuing to enter the market [3] - The national team has reduced its holdings significantly, with a third of its positions in the CSI 300 ETF being cut in the past two weeks, leading to increased investment in the CSI 500 index [3] - The recommendation is to maintain a high position in small and mid-cap stocks, benefiting from both incremental capital and the reallocation of funds due to the national team's reduction [3]

Core Viewpoint - The global precious metals market has entered a significant upward phase, with gold prices reaching above $4950 per ounce and domestic gold jewelry prices nearing 1550 yuan per gram, driven by strong international market performance [1][3]. Domestic Gold Pricing - Domestic retail gold prices have seen substantial increases, with major jewelry brands raising prices by 40 to 53 yuan per gram on January 24, 2026. Notable brands like Chow Tai Fook and Lao Miao Gold reported prices of 1542 yuan and 1548 yuan per gram, respectively [1]. - The wholesale market in Shui Bei reported a price of 1264 yuan per gram, while traditional retail outlets like Cai Bai Jewelry quoted 1485 yuan per gram [2]. International Metal Market - The international precious metals market showed strong performance, with gold opening at $4934.96 per ounce and reaching a high of $4966.49, closing at $4952.03, reflecting a daily increase of approximately 0.35%. Silver outperformed with a 2.72% increase, reaching $98.77 per ounce [3]. - Platinum and palladium also recorded price increases, with platinum at $2637.80 and palladium at $1906.47, indicating a broad recovery in metal valuations driven by gold's status as a safe-haven asset [3]. Gold Recovery Market and Leasing Trends - The gold recovery price on January 24 was reported at 1055 yuan per gram, fluctuating between 1013 yuan and 1068 yuan over the past ten days, indicating market volatility [5]. - The high gold prices have sparked interest in gold leasing, particularly for wedding-related purchases. A platform named "Renting Jewelry" offers rental services at rates of 20 to 50 yuan per gram per day, with a typical rental period of seven days [5]. Core Drivers of Gold Price Fluctuations - Central banks have become a dominant force in gold purchases, accumulating approximately 60 tons monthly, particularly among emerging market central banks, which supports gold prices from the demand side [6]. - There is a surge in private sector demand for gold as a hedge against inflation and geopolitical tensions, with increased purchases of physical gold and gold options [6]. - Market expectations of interest rate cuts by the Federal Reserve in 2026 have reduced the opportunity cost of holding gold, contributing to its price increase [6]. Investor Behavior and Market Trends - Investor behavior is varied, with some cashing in on gold bars for profits while others hesitate to enter the market due to high prices. The wedding market in Guangzhou is seeing a shift towards gold-plated alternatives due to high gold prices [9]. - The A-share precious metals sector has strengthened, with companies like Sichuan Gold and Hunan Silver seeing gains of nearly 7% and over 5%, respectively [9]. - There is a cautionary note regarding potential technical pullbacks, as past price fluctuations have shown significant volatility, indicating the need for investors to manage risk effectively [9].

Core Viewpoint - Silver prices have surpassed $100 per ounce for the first time, while gold approaches $5,000 per ounce, driven by geopolitical tensions and expectations of U.S. interest rate cuts, leading investors to seek safe-haven assets [1] Group 1: Silver Market Insights - Current spot silver price is above $101 per ounce, indicating strong demand [1] - Philip Newman from Metals Focus suggests that silver will continue to benefit from multiple factors that also support gold investment demand [1] - Concerns over tariffs and tight physical liquidity in the London market are expected to provide additional support for silver [1] Group 2: Gold Market Insights - Spot gold price is at $4,986 per ounce, reflecting its role as a safe haven during times of economic and political uncertainty [1] - Tai Wong, an independent metal trader, notes that the milestone of $100 for silver was achieved through steady trading, and the focus will now be on whether silver can maintain this level [1] - Wong emphasizes that gold's role as a strategic asset in investment portfolios is underscored by the current economic and political climate, indicating a fundamental shift rather than a temporary situation [1]

Core Viewpoint - The article discusses the recent surge in gold prices and predicts that several other commodities, including silver, copper, natural gas, coffee, and cocoa, will also experience price increases due to various market factors [1][2][4][5][7]. Group 1: Gold Market Analysis - Gold prices have risen significantly, reaching over $4,000, with a year-to-date increase of 52%, marking the largest annual gain since 1979 [1][2]. - Key drivers for gold's price increase include geopolitical tensions, such as the Middle East conflicts and the ongoing Russia-Ukraine war, which have heightened market risk aversion [2]. - The expectation of two rate cuts by the Federal Reserve in 2025 is anticipated to weaken the dollar's appeal, further boosting gold prices [2]. Group 2: Other Commodities Expected to Rise - Silver is expected to rise due to strong industrial demand, particularly in the photovoltaic sector, where it accounts for 65% of industrial usage [4]. - Copper demand is projected to grow over 60% by 2030, driven by energy transition initiatives and infrastructure upgrades, with supply constraints from mining accidents [4]. - Natural gas prices are forecasted to increase by approximately 10% in Europe and 60% in the U.S. in 2025, influenced by geopolitical factors and weather conditions [5]. - Coffee prices are rising due to drought conditions in Brazil, which produces nearly half of the world's Arabica coffee [7]. - Cocoa prices are also increasing due to similar supply issues, with drought affecting production [7]. Group 3: Investment Considerations - Investment in commodities can be approached through physical assets like gold bars or coins, ETFs, or futures contracts for other commodities [10]. - The potential impact of rising commodity prices on everyday costs is acknowledged, particularly for coffee and cocoa, while natural gas price increases may affect heating costs [10]. - The article emphasizes the importance of risk management in commodity investments, suggesting that investors should allocate a reasonable portion of their assets to commodities [12].

进入2026年，全球宏观经济环境的波动使得避险资产——黄金，再次成为国内投资者资产配置的核心。随着金融科技的迭代，炒黄金APP的安全性与智能化 水平已成为衡量平台优劣的基石。在纷繁复杂的市场中，如何甄别具备顶级合规资质、低点差、高杠杆且出入金稳健的交易终端？本篇指南将深度剖析2026 年度表现最为卓越的十款安全炒黄金APP，帮助您在变幻莫测的国际金市中稳步前行。 1、天誉国际APP 作为香港金银业贸易场（CGSE）认可的AA类025号行员，天誉国际在2026年的表现依旧稳居行业鳌头。其APP深度整合了金融AI分析系统，能够为用户提 供精准的盘面情绪监测与趋势预警。 平台的核心优势在于其"超低门槛与高透明度"。天誉国际支持最低0.01手的灵活交易，极大地降低了新手入场的试错成本。在资金安全方面，平台实行严格 的客户资金第三方托管制度，与多家国际知名银行深度合作，确保每一笔注资与利润提取都受到实时监管。其研发的移动终端不仅具备毫秒级的订单执行速 度，还内置了详尽的实战教学视频与专家每日解盘，特别适合追求"稳健、合规、专业"交易体验的高净值投资者。 2、天誉金号APP 天誉金号作为集团旗下的核心交易品牌，2026版 ...

2026年1月16日，国际金价下探至4587美元/盎司，国内基础金价微调至1037元/克，品牌首饰金价仍维持在1400元/克高位，建设银行贵金属及纸铂金、钯金 报价全线下跌。 一、国内外黄金价格 2026年1月16日，贵金属市场呈现国际深跌、国内微调的格局，国际现货黄金开盘后走势疲软，最新报价4587.91美元/盎司，较前一交易日大幅下挫，人民 币计价黄金基准价为1037.00元/克，微跌0.61元，日内波动区间为1031.00至1039.70元。 国内零售市场价格维持高位，品牌溢价显著，萃华金店、星光达珠宝等报价在1385至1439元/克区间，濮阳中国黄金基础金价1029.50元/克。建设银行贵金属 全线下调：AU9999跌至1003.04元/克，美元金（钞）跌至4465.03美元/盎司，人民币铂跌至526.9元/克，跌幅明显。 二、贵金属板块价格下跌 金价回调并未引发恐慌，反而为婚嫁刚需提供了窗口，头部金店如周大福、老凤祥价格下调至1328-1332元/克，咨询量上升成交率仍低，仅婚嫁等刚性需求 者果断下单。 区域价差显著：北京、上海核心商圈金价在1330元/克左右，提供锁价服务；新一线城市如成都、江苏报 ...