Group 1 - The three major indices experienced a collective pullback, with gold prices fluctuating after reaching $3,578, while the performance of gold-related ETFs showed divergence [1] - The non-ferrous metal ETF (516650) fell by 2.03%, with strong performances from stocks like Silver Holdings (601212) and Western Gold (601069), while companies like Huayou Cobalt (603799) and Tin Industry Co. (000960) led the decline [1] - Over the past five trading days, there has been a continuous inflow of 109 million, with a net inflow of 54 million yesterday, while the gold stock ETF (159562) fell by 1.08% [1] Group 2 - The expectation of a Federal Reserve interest rate cut has significantly increased, with the probability of maintaining rates in September dropping to 10.3% and the likelihood of a 25 basis point cut rising to 89.7% [1] - According to Debon Securities, the combination of the Fed's rate cut expectations and the gradual decline of the dollar's global status is accelerating the long-term logic, leading to sustained optimism for gold, which is expected to push silver prices higher [1] Group 3 - The non-ferrous metal ETF (516650) tracks the CSI segmented non-ferrous metal industry theme index, focusing on industrial metals like gold, copper, and aluminum, as well as rare earths and tungsten, with respective weights of 29.6% for copper, 14.4% for aluminum, 14.0% for rare earths, 13.5% for gold, and 7.1% for lithium [2]

9月2日午后，港股三大指数集体下跌，恒生科技指数跌超1.5%。盘面上，科网股多数下跌，内银股走 强，半导体板块回调，苹果概念股跌幅居前。主流ETF方面，恒生科技指数ETF（513180）跟随指数跌 超1%，持仓股中，中芯国际、华虹半导体、同程旅行、ASMPT、商汤、舜宇光学科技等领跌，近期热 度较高的阿里巴巴午后跌超1.5%。 阿里巴巴财报超预期，恒生科技有望回归AI叙事。截至9月1日，恒生科技指数ETF（513180）标的指数 的最新估值（PETTM）为22.05倍，处于指数2020年7月27日发布以来约23.92%的估值分位点，即当前 估值低于指数发布以来76%以上的时间。恒生科技当前仍处于历史相对低估区间，在美联储降息预期升 温、AI巨头阿里巴巴财报超预期的催化下，高弹性、高成长等特性使其具备更大的向上动能。没有港 股通账户的投资者或可通过恒生科技指数ETF（513180）一键布局中国AI核心资产。 每日经济新闻 交银国际指出，海内外流动性宽松周期下，港股有望延续向好势头。当前，我国流动性延续宽松，A股 市场情绪活跃，亦有望提振港股交易氛围。南向资金对港股科技等高景气度板块的配置需求保持旺盛， 资金净流 ...

10:42 # 黄金ETF总持合变化 更新时间:2025-08-2 980 975 970 965 960 955 950 945 940 2025-07-30 2025-06-18 2025-07-09 2025-08-15 EBC黄金ETF持仓报告解读 黄金ETF持仓报告 公布机构：美国SPDR Gold Trust 当前总持仓 977.68 吨黄金 基本面消息，9月1日亚市盘中，现货黄金大幅拉升，再创4月22日以来的高位，与此同时，COMEX黄金期货合约价格也显著上扬，最高逼近3560美元/盎 司。值得注意的是，在金价大涨之际，现货白银也显著破位，最高突破40美元/盎司，创2011年以来最高水平，年内涨幅超过40%。 有分析人士指出，黄金、白银的最新涨势可能归因于避险需求的复苏，周一亚太市场多数下跌，尤其是日本日经225指数在上周五华尔街科技股大跌后遭受 重创。另外，贸易方面重新出现的不确定性加剧了厌恶风险的市场状况。在市场清淡（周一美国市场因假期休市）的情况下，金价正迈向创纪录的高点3500 美元。 针对本轮贵金属的拉升，分析认为，投资者对美联储9月降息的预期不断升温，提供支撑。特朗普对美联储的反复攻 ...

Core Viewpoint - Gold prices have surged past $3500 per ounce, reaching a historical high, driven by strong expectations of a Federal Reserve rate cut, a weakening dollar, trade policy changes, and global political risks [1][2]. Group 1: Market Dynamics - The recent rally in gold prices reflects heightened investor sentiment regarding potential Federal Reserve rate cuts, particularly in light of the recent announcement of a possible dismissal of Federal Reserve Governor Lisa Cook by Trump, raising concerns about the independence of the Fed [1][2]. - Gold has recorded five consecutive days of gains, with the market exhibiting extreme emotional behavior, particularly during the Asian trading session [2]. Group 2: Technical Analysis - Technically, gold is currently overbought, and the recent price movements are not supported by conventional indicators, suggesting a need for caution regarding potential short-term corrections [2]. - The recommendation for trading is to wait for price corrections to support levels before entering long positions, rather than chasing high prices, to optimize risk-reward ratios [2][3]. Group 3: Trading Recommendations - The suggested trading strategy includes buying gold at the range of $3487-$3488 with a stop loss at $3479 and a target of $3500-$3520, while advising to consider short positions if prices drop below $3480 [3].

Market Overview - The market experienced a downward trend in early trading, with the ChiNext Index leading the decline. The total trading volume in the Shanghai and Shenzhen markets reached 1.91 trillion yuan, an increase of 80.5 billion yuan compared to the previous trading day. Over 4,400 stocks fell, with the Shanghai Composite Index down 0.79%, the Shenzhen Component Index down 2.21%, and the ChiNext Index down 2.9% [1][9]. Sector Performance - Gold concept stocks remained strong, with companies like Western Gold and Silver Holdings hitting the daily limit. The electricity sector also showed resilience, with Shanghai Electric reaching the daily limit. Conversely, computing hardware stocks collectively adjusted, with Cambridge Technology hitting the daily limit down [1][3]. - The financial sector saw a late rally, with Pacific Securities hitting the daily limit, while other financial stocks like Guosheng Financial Holdings and Great Wall Securities also rose [5]. Gold Sector Insights - The gold sector saw a 1.79% increase, driven by expectations of interest rate cuts from the Federal Reserve, leading to a continuous rise in precious metal futures. COMEX gold and silver futures reached historical highs [2][12]. - Notable performers in the gold sector included Western Gold, which has a market capitalization of 165 billion yuan and focuses on gold mining and refining [2]. Electricity Sector Insights - The electricity sector showed a slight decline of 0.05%, with companies like Shanghai Electric and Huaguang Huaneng hitting the daily limit. The sector's performance was bolstered by strong earnings reports from several thermal power companies, with Huaneng International and Huadian International reporting significant profit increases [4][5]. Financing and Market Leverage - As of September 1, the financing balance in the A-share market reached a historical high of 2.28 trillion yuan, surpassing the previous record of 2.27 trillion yuan set in June 2015. The financing buy-in amount accounted for 11.63% of the total A-share trading volume, indicating a stable leverage level in the market [22][23].

9月2日盘中，伦敦现货黄金价格最高一度升至3508.69美元/盎司，COMEX黄金期货价格最高涨至3578.4美元/盎司，双双刷新历史新高纪录。 与此同时，A股黄金概念股受到资金追捧，西部黄金等大涨。 业内人士表示，在美联储降息预期升温、地缘局势不确定性以及市场对美联储独立性的担忧加剧等因素影响下，金价仍有上涨空间。 贵金属价格大涨 北京时间9月2日，国际贵金属价格大涨。Wind数据显示，10:32，伦敦现货黄金价格最高至3508.69美元/盎司，COMEX黄金期货价格最高至3578.4美元/盎 司，二者均创历史新高。 < w 伦敦金现 SPTAUUSDOZ.IDC | 3493.320 | | 昨结 | 3475.450 | | Frida 3477.065 | | | --- | --- | --- | --- | --- | --- | --- | | +17.870 +0.51% | | 总量(kg) | 0.00 | | 现手 | 0 | | 最高价 3508.690 | | 持 仓 | O | Ar | | 0 | | 最低价 | 3473.878 | 博 ਦੇ | O | K | | 0 | | ...

现货黄金价格延续强势上涨态势，过去五个交易日累计涨幅超3%，金价突破每盎司3500美元历史高位 区域后虽出现技术性回调，但当前仍交投于3490美元上方。市场分析师指出，全球央行持续增持黄金储 备、美联储降息预期强化以及技术面突破信号共同构成黄金价格上涨的核心驱动力。 全球央行储备结构现历史性转折 根据最新数据，全球央行黄金储备规模已突破3.9万亿美元，30年来首次超越美国国债持有量（约3.8万 亿美元）。世界黄金协会调查显示，72%的受访央行计划在未来五年内提高黄金储备占比，仅6%机构 预计该比例将下降。这一趋势在美联储9月降息预期升温背景下愈发显著——美国10年期国债收益率持 续徘徊于4.2%附近，债券吸引力减弱进一步巩固黄金作为避险资产首选地位。 市场情绪指标释放矛盾信号 CNN"恐惧与贪婪指数"虽维持64点的"贪婪"区间，但近期呈现持续下行态势。尽管投资者对美联储降息 25个基点的预期稳定市场情绪，但指数走低暗示潜在避险需求升温。ETO Markets分析师认为，若该指 标延续跌势，可能为黄金市场注入额外买盘动能。 技术面释放明确看涨信号 关键价位突破：金价成功突破3450美元/盎司横盘区间上沿，若有效 ...

Group 1 - Gold prices have reached a new historical high, with spot gold surpassing $3500 per ounce, currently at $3494.14, reflecting a daily increase of 0.52% [1] - Domestic gold jewelry prices have also seen significant increases, with brands like Chow Sang Sang and Lao Miao Gold rising by 16 CNY and 11 CNY per gram respectively [1] - The recent surge in gold prices is primarily driven by expectations of interest rate cuts from the Federal Reserve, with a probability of 87.4% for a 25 basis point cut in September [1] Group 2 - Global gold demand has significantly increased this year, with a 3% year-on-year growth expected in Q2 2025, reaching 1249 tons, and a 45% increase in value to $132 billion [2] - Investment in gold bars and coins has surged, particularly among Chinese investors, marking the highest demand since 2013 for the first half of the year [2] - Multiple institutions are optimistic about future gold prices, citing interest rate cut expectations as a core driver, with long-term macroeconomic uncertainties enhancing gold's safe-haven appeal [2] Group 3 - The current gold-silver ratio has returned to its three-year average, indicating that silver prices are likely to follow gold price fluctuations [3]

上周公布的美国7月通胀数据显示物价上涨、通胀缓慢上升仍是市场面临的风险之一，加上投资者赶在 美股波动较大的9月来临之前获利了结，美股上周集体下跌，其中道指累计下跌0.19%，标普500指数累 计下跌0.10%，纳指下跌0.19%。 上周国际金价涨近3% 8月份国际金价涨超5% 贵金属期货方面，上周，市场担忧美联储独立性受到挑战，投资者避险情绪升温，国际金价累计上涨 2.86%。整个8月，国际金价累计涨幅超过5%，创下今年4月以来的最佳单月表现。 上周国际油价上涨 原油期货方面，上周，由于投资者密切关注俄乌冲突的进展，加上美国原油库存降幅超预期，市场供应 紧张，上周国际油价累计小幅上涨，美油价格上涨约0.55%，布油价格上涨约0.58%。 本周将公布美国8月非农就业数据 当地时间本周一，美国股市因公共假期休市一天。本周美股市场的重头戏，将是于当地时间本周五公布 的美国8月非农就业数据，这份报告将成为衡量美国经济健康状况的重要指标，并检验市场对美联储的 降息预期。高盛集团分析认为，因7月非农就业报告已显示出就业市场放缓的迹象，美联储主席鲍威尔 虽然为9月降息敞开大门，但8月非农就业数据将成为决定降息幅度和节奏的关 ...

刚刚，现货黄金盘中突破3500美元，超过今年4月22日，再创历史新高。截至发稿，报3501.030美元/盎司，日内涨0.74%。 | 名称 | 价格 (人民币/克) | | --- | --- | | 足金饰品 | 1034.00 | | 铂金饰品 | 470.00 | | 工艺金条 | 989.00 | | W | 伦敦金现 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | SPTAUUSDOZ.IDC | | | | | | | | 3501.030 " | | | 3475.450 | 息 | | | 0 | | +25.580 | +0.74% 升益 | | 3477.065 | 现手 | | | 0 | | 最高价 | 3501.880 | 持 仓 | | 0 Ar | | | 0 | | 最低价 | 3473.878 | 增 仓 | | O 内 | ﺎ ﺍﻟﻤﺴﺎﻋﺪ ﺍﻟﻤ | | 0 | | 分时 | 五日 | 目K | 居K | EK | | 日号 | | | 量加 | | | | 均价:0.000 | | ...