每经记者｜宋欣悦 每经编辑｜陈柯名 兰素英 ⑧【多重利好助推，苹果盘前涨近3%】在谷歌垄断案获重大胜利、首款折叠屏iPhone出货量提升，以及即将举行发布会的多重利好助推下，截至发稿， 苹果盘前涨近3%。 ⑨【卡夫亨氏公司宣布将拆分为两家独立上市公司】巴菲特十年前主导的卡夫亨氏并购以拆分收场。当地时间9月2日，卡夫亨氏公司宣布将拆分为两家独 立上市公司：一家负责食品杂货，另一家负责酱料及涂抹酱，拆分预计将在2026年下半年完成。据媒体报道，巴菲特表示，对卡夫亨氏产生拆分的想法感 到失望，而且对股东不会就公司未来的发展情况投票感到失望。周二盘中，卡夫亨氏一度跌超7%。截至发稿，卡夫亨氏涨超1%。 ⑩北京时间9月4日凌晨2点，美联储将公布经济状况褐皮书。 ①【三大期指涨跌不一】截至发稿，道指期货跌0.15%、标普500指数期货涨0.25%、纳指期货涨0.42%。 ②【中概股盘前普跌】中概股盘前普跌，阿里巴巴跌0.90%，拼多多跌0.36%，京东跌1.65%，百度跌0.10%，理想汽车跌2.46%。 ③【美法院裁定无需剥离Chrome和安卓，谷歌盘前涨近6%】谷歌A盘前涨近6%。消息面上，当地时间9月2日，美国法官 ...

Group 1 - IKEA China plans to invest 160 million yuan in the fiscal year 2026 to launch over 150 lower-priced products, with 70% focused on best-selling items [1] - Anhui Province Industrial Development Investment Company has been established with a registered capital of 5 billion yuan, focusing on investment activities and asset management [1] - The establishment of the Yu Cheng No.1 (Wenzhou) Equity Investment Center has been announced, with a total investment of approximately 1.24 billion yuan, aimed at venture capital and private equity investments [2] Group 2 - Xiaomi Auto has published a patent for a vehicle inspection method that aims to improve traffic efficiency and reduce congestion [3] - Stone Technology has achieved the top market share in both global cleaning robots and vacuum robots, with shares of 15.2% and 20.7% respectively for the first half of 2025 [4] - Jiangci Electronics has completed a pre-A round financing of several million yuan, with funds allocated for production expansion and commercialization in the high-end piezoelectric materials sector [5] Group 3 - Goldman Sachs expresses optimism about the Chinese stock market, indicating that investor sentiment has significantly improved and there is still room for growth [6] - Swiss bank Pictet states that the A-share market is far from bubble territory, with reasonable valuations and increased market activity, suggesting further upward potential [7] Group 4 - The Ministry of Finance plans a second issuance of 50-year special government bonds, with a total competitive bidding amount of 35 billion yuan and a fixed interest rate of 2.10% [8] - Chongqing has allocated an additional 135 million yuan for the 2025 vehicle and electric bicycle trade-in subsidy program, with specific allocations for vehicle scrapping and replacement [9] - India's service sector PMI reached a 15-year high in August, driven by strong demand, although inflationary pressures are also increasing [10]

Group 1: Gold Price Trends - Gold prices continue to rise, with spot gold reaching a new high of $3546.919 per ounce and COMEX gold futures hitting $3616.9 per ounce [1][2] - In the past six trading days, gold prices have surged nearly 5%, and year-to-date, gold prices have increased by over one-third, making it one of the best-performing major commodities [2][4] - The demand for gold as a safe-haven asset has increased due to rising geopolitical and economic risks, with both gold and silver prices doubling over the past three years [2][4] Group 2: Market Reactions and Investor Sentiment - The introduction of "digital gold" by the World Gold Council could potentially transform the $900 billion physical gold market in London [6] - The market is currently reacting to concerns over the independence of the Federal Reserve, influenced by President Trump's criticisms, which has led to increased uncertainty among investors [4][6] - Analysts remain bullish on gold prices, with predictions of gold reaching $3700 per ounce by June 2026 and a possibility of hitting $4000 under deteriorating geopolitical or economic conditions [7]

金价继续冲高。 9月3日盘中，现货黄金一度触及3546.919美元/盎司，再创历史新高；COMEX黄金期货也一度上涨 0.69%，将历史新高推升至3616.9美元/盎司。当天，国内多家品牌足金首饰价格上破1050元/克。 一则消息引发市场关注，有报道称，世界黄金协会正计划推出"数字黄金"，这可能会改变伦敦9000亿美 元的黄金实物市场。 周三，亚洲市场开盘后，现货黄金一度上涨0.4%，最高触及每盎司3546.919美元，再创新高；COMEX 黄金期货一度上涨0.69%，最高触及3616.9美元/盎司，同样创出历史新高。截至记者发稿时，国际黄金 价格仍维持高位震荡。 由于对美联储前景的担忧重燃，以及发达国家预算问题推动了避险需求，金价在过去六个交易日里大涨 近5%。 今年以来，金价已上涨超三分之一，成为表现最佳的主要大宗商品之一。 过去三年内，黄金和 白银价格均上涨了一倍以上，地缘政治、经济和全球贸易领域的风险不断增加，使得市场对这类避险资 产的需求上升。 在A股市场上，今日黄金概念股走势分化。截至券商中国记者发稿，西部黄金、欧亚集团涨停，招金黄 金涨近5%。中国瑞林跌超6%，盛大资源、晓程科技、萃华珠宝等跌超 ...

FT：世界黄金协会WGC正探索推出一种数字形式的黄金，可能会创造一种新的黄金交易、结算和抵押方式，从而彻底改变伦敦9000亿美元的黄金实物市场。WGC CEO Tait介绍称，新的数字单元被称为“黄金权益池”或PGI（pooled gold interests），允许银行和投资者买卖独立账户中持有的实物黄金的分散所有权，明年第一季度试运行。 ...

Group 1 - Federal Reserve Chairman Jerome Powell's dovish remarks have driven Ethereum prices to a new all-time high, surpassing the previous peak from November 2021 [1] - Ethereum reached approximately $4,880, marking a more than 15% increase in a single day, and has rebounded over 250% since its low in April this year [1] - The approval of U.S. spot Ethereum ETFs has led to over $20 billion in managed assets, with a net inflow of $287.6 million on August 21 after four consecutive days of outflows [1] Group 2 - Bitcoin's dominance in the cryptocurrency market has declined, with its market share dropping below 60% for the first time in four months, indicating a potential "altseason" as funds rotate into alternative tokens like Ethereum [2] - Institutional demand for Ethereum is a core driver of its recent price surge, with U.S. spot Ethereum ETFs attracting over $2.5 billion in net inflows in August, while Bitcoin funds experienced outflows [3] Group 3 - The total value of Ethereum held by enterprises has exceeded $29.75 billion, with companies like BitMine, SharpLink, and Bit Digital being the main contributors to this increase [5] - BitMine is the largest corporate holder of Ethereum, owning 1.15 million ETH, valued at approximately $5.5 billion at current prices [5]

Core Viewpoint - The article analyzes the performance and potential of gold and Bitcoin as alternative assets in the context of increasing geopolitical uncertainty, exploring their effectiveness as stores of value during unstable periods [3][57]. Group 1: Historical Context of Gold - Historically, gold has been a reliable anchor for monetary systems, oscillating between the gold standard and excessive debt, leading to inflation and financial instability [4]. - During the Roman Empire, gold and silver were crucial to the currency system, but inflation arose from the dilution of silver content in coins, eroding public trust [4][5]. - Gold's reliability as a safe haven is highlighted during the 1970s when uncertainty in U.S. fiscal policy led to a loss of confidence in fiat currencies [5][9]. Group 2: Characteristics of Gold - Gold enhances portfolio diversification and provides tail risk hedging, making it an important tool for risk management [9]. - In times of economic recession, gold has shown resilience, particularly during periods of high inflation, as seen in the 1970s stagflation [17]. - Gold typically exhibits a stable upward trend in controlled inflation environments, as evidenced during the global financial crisis and early COVID-19 pandemic [17]. Group 3: Bitcoin as "Digital Gold" - Bitcoin is characterized by high price volatility, often experiencing double-digit fluctuations within short periods, contrasting sharply with gold's stability [10]. - Since the introduction of Bitcoin futures in 2017, its long-term appreciation has significantly outpaced that of gold, with a low average correlation of 0.14 between the two assets [10]. - Bitcoin's decentralized nature and limited supply appeal to investors seeking high-growth potential assets that are less correlated with traditional markets [10][57]. Group 4: Market Dynamics and Demand - Gold remains a key player in global financial markets, with central banks significantly influencing demand; investment demand for gold increased by 25% year-on-year, driven by substantial ETF inflows [39][40]. - Bitcoin's demand is bolstered by growing acceptance among individuals, businesses, and some governments, with institutional interest rising as they hold approximately 21% of mined Bitcoin [46]. - The inflow of funds into Bitcoin ETFs reached $12.5 billion year-to-date, indicating strong institutional interest, while gold ETFs attracted $16.6 billion during the same period, suggesting coexistence of interest in both assets [46]. Group 5: Supply and Liquidity - Bitcoin's supply is strictly capped at 21 million coins, with a halving mechanism that reduces the rate of new coin production, enhancing its scarcity [24]. - In contrast, gold supply is more elastic, as miners can increase production in response to improved economic conditions, leading to a more variable supply over time [29]. Group 6: Correlation and Market Behavior - Historically, gold has shown a negative correlation with risk assets, making it an attractive hedge during market downturns; however, this correlation has recently shifted to a positive trend [33]. - Bitcoin initially had a low correlation with stocks, but this has increased in recent years, particularly during liquidity-driven bull and bear markets [33]. Group 7: Conclusion - While Bitcoin's performance during crises and increasing institutional adoption suggest its evolution towards a digital safe-haven asset, its primary value lies in its disruptive growth potential rather than directly replacing gold's traditional safe-haven function [57]. - Combining gold and Bitcoin in investment portfolios may enhance diversification due to their low correlation with traditional assets, with gold providing stability and Bitcoin offering exposure to technological innovation and high growth potential [57].

Group 1: Economic Environment and Policy Impact - The U.S. economy is entering a "dual high" era with high tariffs and interest rates, creating "stagflation-like" pressures that increase costs for businesses and consumers [3] - Trump's policy statements have injected new vitality into the digital asset market, with his comments on gold not being taxed leading to a short-term increase in gold prices and indirectly boosting the investment value of Bitcoin as "digital gold" [3] - The potential appointment of new Federal Reserve leadership is expected to create a more stable policy environment for the digital asset industry [3] Group 2: Bitcoin Price Surge and Market Confidence - Bitcoin has reached historical highs in South Korea, with prices on exchanges like Bithumb hitting 166,999,000 KRW, driven by multiple favorable factors including Trump's executive order allowing pension funds to invest in crypto assets [5] - The phenomenon of "reverse premium" indicates that Bitcoin prices in KRW are lower than in USD, reflecting regional differences in market perception of digital asset value and strong long-term confidence from global investors [5] - The essence of cryptocurrencies is being redefined from speculative tools to mainstream financial infrastructure, with platforms like XBIT focusing on user asset security and decentralized trading [5][8] Group 3: Decentralized Governance and Technological Innovation - The Uniswap Foundation is proposing to establish a new legal entity under Wyoming's DUNA framework, which will formalize governance activities and protect participants in collective decision-making [7] - XBIT.Exchange showcases unique advantages in decentralized trading technology, operating without KYC, restrictions, or audits, ensuring users maintain control over their assets [7][8] - The evolution of the cryptocurrency ecosystem is moving beyond speculation to a comprehensive system integrating technological innovation, financial engineering, legal compliance, and global governance [8]

BTC Markets加密分析师Rachael Lucas表示："比特币向历史高位攀升，得益于机构资金持续流入企业财 务、美国现货ETF，以及在美国对进口金条加征新关税后市场情绪的转变。随着黄金面临供应瓶颈和政 策风险，比特币作为一种无国界、免关税的价值储存工具，正越来越受到投资者青睐。" 专家还预计，积极的宏观经济前景继续支撑包括加密货币在内的风险资产，预计比特币本月将突破历史 高点。 据智通财经报道，虽然比特币拥有"数字黄金"之称，但近年来其价格趋势与风险资产高度相关。专注于 加密货币的情报通讯Ecoinometrics上周日表示，纳斯达克和比特币之间的相关性增强，可以解释该代币 最近价格走势的缘由。 8月11日，比特币一度上涨3.2%，突破12.2万美元。7月14日，比特币首次突破12万美元并创历史新高后 持续震荡下行，近几个交易日则呈现反弹态势。上周末，以太坊大涨至4300美元上方，创下自2021年12 月以来的最高水平。 数字资产主要经纪商FalconX Ltd.亚太区衍生品交易主管Sean McNulty进一步指出，比特币和以太币的 仓位严重偏向9月和12月的看涨期权，以押注宏观降息时机以及传统金 ...

AI播客：换个方式听新闻 下载mp3 音频由扣子空间生成 尽管黄金和比特币两种资产在2025年都出现了上涨并屡创新高，但截至上周五，黄金的表现仍然领先。 当天早些时候，在一份美国裁定1公斤和100盎司金条将被征收关税的报告发布后，黄金期货价格一度上 涨，但随后有报道称特朗普政府计划澄清进口金条将被豁免，金价随之收窄了涨幅。 尽管如此，黄金今年的优势可能反映了一个更广泛的趋势，即加剧的地缘政治紧张局势和关税担忧，已 使传统的避险资产比新的替代品更具优势。加密货币的多头们长期以来一直将比特币宣传为"数字黄 金"，认为它最终可能扮演类似的角色。但分析师表示，就目前而言，黄金作为危机对冲工具的悠久传 统正在占据上风。 美国银行资产管理集团的高级投资策略总监Rob Haworth说，"今年，黄金无疑比比特币等加密货币更多 地受益于避险资金的流入。" Currency Research Associates的分析师在上周五的一份报告中写道，从技术角度来看，比特币的短期势 头已转为负面，而黄金则保持积极，这表明未来一周金价有进一步上涨的潜力。 从更长远来看，Castle Funds的总裁兼首席投资官Peter Eberle ...