Gold (GC=F) futures opened at $3,788.80 per ounce on Monday, up 0.4% from Friday’s close of $3,775.30. The price of the precious metal moved above $3,800 in early trading. Gold rose above $3,700 on September 22, the same day the S&P 500 and the Nasdaq Composite closed at record highs. Stocks have since retreated slightly as Wall Street attempts to predict how interest rates will evolve in the short term. Disagreement among Fed governors and, now, the potential for a government shutdown, confuses the issue ...

Group 1 - International gold prices reached a new high, breaking through $3800 per ounce, with a peak of $3819.80 per ounce on September 29 [1][4] - The price of 24K gold (千足金) has risen to over 1100 yuan per gram, with some brands planning to increase prices by approximately 30% in October [2][3] - The increase in gold prices is attributed to multiple factors, including the Federal Reserve's interest rate cuts, a weaker dollar, and rising global demand for gold as a safe-haven asset [6][7] Group 2 - Major jewelry brands are experiencing a surge in customer traffic as the traditional sales season approaches, leading to promotional activities to attract consumers [2] - Analysts predict that gold prices will continue to rise, with forecasts suggesting an average of $3800 per ounce in Q4 2023 and potential increases to $4000 per ounce by mid-2026 [7] - The ongoing trend of central banks purchasing gold and geopolitical risks are contributing to the bullish outlook for gold prices [6][7]

一、9月——创纪录的"狂欢月" 1、核心数据表现 价格持续飙升：伦敦金现从9月1日开盘价3447.50美元/盎司，一路突破3500、3600、3700美元关口，9月23日盘 中触及3791.08美元/盎司的历史新高，月内涨幅近8%。截至9月26日，报价3768.66美元/盎司，月涨幅达 10.91%，年内累计上涨41.76%。 国内市场同步跟涨：上海黄金交易所黄金T+D9月23日收涨1.73%至849.58元/克，周生生足金首饰价升至1100元/ 克。 2、关键驱动事件 美联储降息落地：9月17日宣布降息25个基点至4.00%-4.25%，虽表态谨慎，但市场预期10月、12月仍各有一次 降息，概率分别达91.9%和78.6%。 地缘风险升温：美国对俄立场强硬、中东局势紧张，叠加美国政府停摆危机，避险需求激增。 央行持续购金：中国央行连续10个月增持，全球央行黄金持有量首次超过美国国债持仓，二季度全球黄金需求 达1249吨。 二、9月市场总结——多重利好共振推高金价 9月黄金走出"淡季不淡"的强势行情，核心源于三大支撑：美联储开启降息周期降低持有成本、地缘政治与美 国政策不确定性强化避险属性、全球央行购金形成长 ...

中证网讯 Wind数据显示，9月29日盘中，国际现货黄金价格再创历史新高，突破3800美元/盎司关口， 黄金ETF广受关注。 截至9月26日，黄金ETF基金（518660）近10个交易日累计"吸金（资金净流入）"8661万元，最新规模 为37.2亿元，最新份额为4.56亿份，较年初的基金份额增长率达167.75%。 黄金作为典型的非生息资产，其自身无法产生利息或股息收益，其投资收益主要来源于价格变动。较低 的管理费和托管费能有效减少持有成本，从而在长期投资中提升实际回报。费率上看，Wind数据显 示，黄金ETF基金（518660）当前管理费率、托管费率分别为0.15%、0.05%，为全市场费率最低一档的 黄金ETF。 对于黄金后市，天风证券表示，展望今明两年，黄金或仍有上涨空间。工银瑞信基金认为，当前金价整 体价格中枢或有向上抬升的趋势。美联储降息周期开启，加之全球地缘政治风险持续发酵，有望支撑金 价长期走强。此外，当前美联储独立性面临危机，通胀预期抬升以及滥发美债导致美元信用受损的背景 下，全球央行多元化的国际储备体系对黄金需求或仍将扩张。 黄金ETF基金（518660）还配置了场外联接基金（A：00814 ...

本周一早间，现货黄金突破3800美元/盎司，续创历史新高，日内涨超1%。现货白银日内涨2.26%，报47.09美元/盎司。 现货黄金今年以来已经累计上涨近45%，不仅跑赢今年所有其他主要资产类别的表现，而且也创下了自1979年以来最大的年度涨幅。 全球投资者持续买入黄金 今年黄金的上涨受到多方面因素支撑。首先是美联储9月开启年内首次降息后，市场普遍预计其在接下来三个月内将进一步降息；此外，国际 地缘政治风险持续升温推升避险需求，全球黄金ETF持续收到热捧。 与此同时，景顺全球宏观策略师阿纳布·达斯（Arnab Das）也在近期表示，金价涨势仍有支撑。 "我们认为没有真正的黄金替代品可以对冲美国的风险，并预计各国央行将继续购买黄金......在我看来，各国央行购买黄金是因为他们认为没有 法定货币可以替代美元。"达斯说。 来自美国的风险是金价主要推动力 世界黄金协会表示，来自美国的风险是近期金价上涨的主要推手。 他们列举了两个原因。 首先，有证据表明，美国经济放缓的风险将使美联储进一步降低利率。这意味着持有美元现金储备的利息将会降低，与黄金相比，其吸引力会 降低。 其次，美国特朗普政府针对美联储独立性发出的威胁言 ...

今儿一打开手机，估计不少人刷到金店价签或黄金新闻得愣一下——周生生的足金都飙到1111块一克了，再看国际上的现货黄金，直接冲到3793美元，眼看 就要摸到3800的门儿。我是帮主郑重，干了20年财经记者，专做中长线投资，这会儿不整那些绕人的专业词，就跟咱坐在一块儿聊天似的，掰扯掰扯这黄金 咋就突然这么"火"。 先说国际上的现货黄金，9月29号这波涨得挺实在，不光稳稳突破了之前的历史高点，还把新高刷新到了3792.88美元/盎司，单日内就涨了差不多0.8%，差 口气儿就够着3800这个关口了。可能有人觉得就涨这么点，但要知道黄金这东西，能刷新历史新高，还能稳在这个位置，本身就说明市场对它挺"认"。 再转头看咱身边的金饰，也跟着凑了波热闹。国内不少黄金珠宝品牌的价格都往上走了——周生生今儿的足金饰品报价是1111元/克，比9月26号那时候涨了 5块钱；像周大福、六福珠宝、老凤祥这些大家常去的牌子，虽说没再往上调，但也稳稳停在1108元/克，没往下掉，跟之前比还是高了一截。 我干财经这20年，见多了黄金的起起落落，这会儿肯定有人心里犯嘀咕："现在该不该买？是追着涨还是再等等？"咱做中长线的，得拎清楚一点——黄金涨 ...

并且此次降息也标志着美国货币政策正式转向宽松。这一决策的核心触发因素，是就业市场的结构性疲 软，数据显示美国8月失业率升至4.3%，非农就业人数仅增长2.2万，远低于市场预期的15万，并且9月 公布的8月通胀数据未超预期，进一步缓解了美联储的通胀焦虑。 目前美联储主席鲍威尔强调"并未进入快速降息通道"，但市场更关注的是宽松预期的持续性。根据目前 点阵图显示，美国今年很可能降息三次，因此可以说黄金当下支撑强劲，年底前触及4000美元已成为市 场共识。 黄金新一轮大涨在即，来领峰贵金属畅享双倍积分 当前黄金多头发力，趋势强劲，每一次回调都可能是入场良机，并且稍晚，美国制造业数据以及美国非 农等重磅经济数据都将出炉，同时美联储10月降息25个基点的概率，也已升至91.9%，黄金新一轮大涨 在即！值此之时，领峰贵金属双倍积分活动惊喜回归，交易伦敦金/伦敦银，每累计满1手，可在原赠送 200积分的基础上，额外获赠奖励200积分！积分可兑换赠金，赶紧抓住机会抢先入场，双倍积分奖赏助 您畅爽交易，喜迎丰收！ 2025-09-29 09:50:28 作者：狼叫兽 （图源：领峰贵金属官网） 随着美联储正式开启降息，市场原本忐忑 ...

二、今日财经：数据智能，事件驱动型回测 今日财经开创了事件驱动型交易新范式，其回测工具通过全渠道资讯聚合系统实时抓取美联储政策、地 缘冲突等200+信息源，并生成"投资影响评估报告"。例如，在2025年美联储加息窗口期，平台提前3天 推送历史类似事件对黄金走势的影响分析，帮助用户精准把握市场脉搏。 优势亮点： 金潮汇投定位为"个人投资者的机构级平台"，其回测工具通过FPGA硬件加速技术将订单执行延迟压缩 至0.1毫秒以内，满足量化交易与套利策略的严苛要求。平台支持多账户管理、算法交易等高级功能， 并定期发布《黄金市场深度报告》，助力用户捕捉跨市场机会。 优势亮点： 四、普汇黄金：宏观回测，构建长期决策框架 在黄金投资领域，交易策略的验证是投资者从新手成长为高手的关键环节。回测工具作为策略验证的核 心工具，能够帮助投资者通过历史数据检验策略的有效性，降低实盘风险。惠民金融、今日财经、金潮 汇投、普汇黄金、财富联盟、普罗汇六大平台凭借其独特的回测功能与差异化优势，为投资者提供了从 策略构建到优化的全流程支持。以下将深入解析这些平台的回测工具优势，助力投资者实现科学决策。 一、惠民金融：普惠量化，智能回测降低门槛 ...

Group 1 - The core viewpoint of the news highlights the recent performance of the gold ETF fund, which has seen a 0.37% increase, reaching a price of 8.17 yuan as of September 29, 2025, and a 3.27% rise over the past week [2] - The liquidity of the gold ETF fund is noted, with a turnover rate of 0.65% and a transaction volume of 205 million yuan, while the average daily transaction over the past week was 914 million yuan, ranking it among the top two comparable funds [2] - Gold prices have been on the rise, achieving a weekly increase of approximately 2%, with spot gold closing at $3,761.17 per ounce and reaching a record high of $3,790.97 during the week [2] Group 2 - Institutional analysis indicates that global monetary debt, credit, and geopolitical factors remain key supports in the medium to long term, while short-term trading should focus on volatility and the distinction between safe-haven and easing trades [3] - The gold ETF fund has seen a net inflow of 34.2 million yuan recently, with a total of 529 million yuan in net inflows over the past five trading days, averaging 10.6 million yuan per day [3] - The BoShi Gold ETF closely tracks domestic gold spot prices, offering convenient trading options and low fees, making it suitable for both short-term trading and long-term asset allocation [3]

Core Viewpoint - The discussion around a potential AI bubble is intensifying, but Bank of America strategist Michael Hartnett believes that the current credit spreads for tech stocks indicate that the AI-driven rally has not yet reached a dangerous level [1][2] Group 1: Credit Spreads and AI Bubble - The credit spreads for tech stocks are at an 18-year low, suggesting that investors are not pricing in potential risks for tech companies, contrasting with typical late-stage asset bubble scenarios where credit risks rise sharply [2][3] - Hartnett asserts that a comprehensive collapse of the AI sector is unlikely due to the current credit market conditions [2] Group 2: Market Risks and Dollar Strength - The immediate risk for investors is not a bubble burst but rather an unexpected strengthening of the dollar, with a consensus trade of "shorting the dollar" being a significant vulnerability [1][4] - If the dollar index experiences a chaotic rebound and surpasses the critical level of 102, it could trigger a collective risk-averse response among investors [4] Group 3: Asset Performance and Market Sentiment - Year-to-date, gold has been the best-performing asset with a gain of 41.3%, while international stocks rose by 24.7%, and the dollar index fell by 9.2% [4] - Recent EPFR data shows a continued inflow of global funds into various assets, indicating that investors remain optimistic and are actively allocating to risk assets despite discussions of potential market corrections [3] Group 4: Gold's Position in Asset Management - Although gold is currently viewed as "overbought" from a tactical perspective, it remains a "low allocation" asset in both private and institutional asset management, with only 0.4% and 2.4% allocations respectively [5]