市场认为，该计划可能加剧地缘政治紧张，防御计划的长期博弈也将持续扰动市场情绪，而大规模的军 事支出也可能加剧美国财政赤字，削弱美元信用，从而提升黄金的保值属性。 （原标题：金价再度狂飙！黄金股ETF、黄金股ETF基金、上海金ETF、黄金ETF华夏大涨！） 金价再度狂飙！ 5月21日，现货黄金上破3300美元大关，为5月9日以来首次。 受国际金价影响，国内金店金饰价格再次突破千元关口。周大福、周六福足金饰品价格上涨至1008元/ 克，较前日的982元每克上涨26元；老庙黄金足金饰品价格上涨至1004元/克，较前日的977元每克上涨 27元。 A股华夏黄金股ETF、永赢黄金股ETF、平安黄金股票ETF基金、工银瑞信黄金股ETF基金、华安黄金股 票ETF、国泰黄金股票ETF涨超4%；建信黄金ETFAU、南方金ETF、 中银上海金ETF、黄金ETF华夏、 工银瑞信黄金ETF基金、广发上海金ETF、嘉实上海金ETF基金、天弘上海金ETF、国泰黄金基金ETF、 华安黄金ETF、富国金ETF、易方达黄金ETF、博时黄金ETF基金、前海开源黄金基金ETF涨超3%。 地缘冲突升温，叠加美国一季度GDP负增长，避险需求提升，带动 ...

Core Viewpoint - The article emphasizes the importance of flexibility in gold investment and risk management capabilities for investors, particularly in the context of rising gold prices in 2025. It highlights the trading mechanisms provided by Kingrong China, a member of the Hong Kong Gold Exchange, which offers a comprehensive trading system for investors [1]. Group 1: Trading Time - The trading time is designed to seamlessly connect with global markets, operating 24 hours a day, with specific timings for summer and winter daylight saving periods [3]. - The trading sessions are categorized into Asian, European, and American sessions, each with distinct characteristics that affect liquidity and volatility [3]. - Compared to the Shanghai Gold Exchange's 10-hour segmented trading, Kingrong China's continuous trading mechanism allows investors to respond to sudden events in real-time, reducing the risk of missing trading opportunities [3]. Group 2: Core Trading Rules - The platform supports T+0 trading and allows for both long and short positions, providing tools for hedging against market volatility, especially during uncertain periods influenced by Federal Reserve policies [4]. - Each contract is 100 ounces with a basic margin requirement of $1,000, offering a leverage of approximately 30 times, and a forced liquidation line is set to mitigate extreme market risks [5]. - The cost structure is transparent, with spreads as low as $0.2 per ounce and no commissions or fees, while overnight positions incur clear interest costs [6]. - Unlike the Shanghai Gold Exchange's 15% price limit, Kingrong China allows for free price fluctuations, offering greater profit potential for trend traders [6]. Group 3: Platform Advantages - Kingrong China operates under the regulatory framework of the Hong Kong Gold Exchange with an AA license, ensuring client funds are securely held in third-party international banks to prevent misuse [9]. - The platform utilizes the MT5 system for order execution with minimal delay and incorporates SSL encryption and distributed server architecture for data security and system stability [9]. Group 4: Investor Strategy Recommendations - Investors are advised to focus on the American trading session, particularly around key economic data releases and Federal Reserve announcements, to optimize their trading strategies [10]. - The platform offers a range of services for new investors, including demo accounts and micro contracts to lower trial costs, as well as professional tools for market analysis [11]. - Risk control measures are emphasized, such as limiting individual trade positions to 5% of total capital and setting stop-loss points to manage potential losses effectively [11].

2025年5月21日黄金主力合约2508持仓数据一览 | | 名次 会员名称 成交量(双边) | | 増減 | 会员 | 持买单 | 増減 | 会员 | 持卖单 | 增减 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | ਹ | 国泰君安 | 98,802 | 25,368 | 国泰君安 | 16,545 | 3,354 | 华泰期货 | 5,273 | 566 | | 2 | 中信期货 | 96,374 | 32,187 | 中信期货 | 15,329 | 2,156 | 中信期货 | 5,220 | 940 | | 3 | 东证期货 | 40,318 | 10,713 | 东证期货 | 10,856 | 793 | 国泰君安 | 4,932 | 720 | | 4 | 国信期货 | 34,528 | 14,289 | 中财期货 | 8,900 | 338 | 齐盛期货 | 4,845 | 1,086 | | 5 | 银河期货 | 22,256 | 8,596 | 国投期货 | 6,972 | et | 东证期货 | 3,72 ...

5月21日，因媒体报道称海外地缘局势紧张，进一步给金价提供避险买盘支撑，现货黄金继续冲高，一 度刷新逾一周高点至3320关口上方，黄金相关ETF纷纷大涨，截至收盘，黄金ETF华夏(518850)涨 3.22%，黄金股ETF(159562)涨4.85%，涨幅居全市场ETF首位。本周以来，全球地缘政治局势骤然升 温，成为推动黄金价格飙升的核心动力。美元指数的持续疲软为黄金上涨提供了另一大助力，同时美联 储内部对通胀的分歧加剧了市场的不确定性。 华夏基金认为，关税政策和经济增长环境的变化可能导致市场在风险偏好与风险规避之间反复波动，从 而使黄金价格保持波动性。黄金市场存在一定交易过热，短期价格波动可能增大，或出现回调、骤升骤 涨的情况，建议淡化交易思维，减少追涨杀跌，以配置思维投资黄金及黄金股。长远来看，在全球动荡 局势下，地缘政治风险、美国关税政策、美元指数下跌、全球央行购金潮及投资需求激增、美元信用体 系动摇及通胀预期担忧等多重因素共振，看好黄金将中长期走牛，且黄金股弹性凸显。 值得注意的是，黄金ETF华夏(518850)、黄金股ETF(159562)管理费0.15%+托管费0.05%，合计0.2%的费 率均为 ...

据21世纪经济报道，尽管黄金短期承压，但不少机构仍看好其长期涨势。瑞银预计，今年年底金价或达3500美元/盎司，若出现避险上行情景，有望升至 3800美元/盎司。 黄金一旦开启涨势，走势往往十分凌厉。 5月20日，现货黄金涨幅达1.86%，收盘报3289.29美元/盎司；COMEX黄金期货涨1.83%，收于3292.60美元/盎司。5月21日上午9点左右，现货黄金价格突破 3300美元/盎司关口，为5月9日以来首次。截至发稿，现货黄金价格报3306.84美元/盎司。 金价上涨主要源于美元进一步走弱，以及美国关税政策、俄乌停火局势的不确定性。周二美元再度疲软，受美联储对经济前景持谨慎态度影响。此前，穆迪 上周下调美国主权信用评级，致使美元周一遭大幅抛售。美元走弱，降低了其他货币计价买家购买黄金的成本。 在地缘政治与经济形势不明朗时，黄金被视为避险资产。 百利好特约分析师指出，目前关注黄金的关键在于货币政策方向，若预计货币政策将继续宽松，将对黄金形成支撑。 重要声明：上述内容及观点仅供参考，不构成任何投资建议，投资者据此操作，风险自担。 从长期看，驱动黄金走势的关键因素是美元和美国实际利率，这对瑞银的黄金展望极为 ...

Group 1: Fund News - Several North Exchange funds have announced purchase limits, with the E Fund North Certificate 50 Index limiting purchases to 3,000 yuan starting May 19, and the Pengyang North Certificate 50 Index reducing the limit to 50,000 yuan from May 13 [1] - A total of 19 Hong Kong-themed funds have been reported since May, covering various sectors such as innovative drugs, cloud computing, consumption, and automobiles [1] - Public funds have invested nearly 10 billion yuan in private placements this year, with 21 public institutions participating in 31 A-share companies' private placements, totaling 9.785 billion yuan [1] Group 2: ETF Market Review - The market experienced a rise and then a pullback, with the Shanghai Composite Index increasing by 0.21%, the Shenzhen Component Index by 0.44%, and the ChiNext Index by 0.83%. The total trading volume reached 1.17 trillion yuan, an increase of 37.8 billion yuan from the previous trading day [2] - Gold-related stocks performed strongly, with gold stock ETFs rising by as much as 4.85% [2] Group 3: ETF Performance - The top-performing gold stock ETFs include: - Code 159562: Gold Stock ETF, up 4.85% to 1.557 - Code 517520: Gold Stock ETF, up 4.63% to 1.423 - Code 159322: Gold Stock ETF, up 4.51% to 1.158 [3] - The S&P Consumer ETF led the decline, down 2.29% [4] Group 4: Industry Trends - The rising gold prices are driving new growth trends in the industry, with the investment value of gold products becoming more prominent. This is expected to boost sales of investment-grade gold bars and brands with high cost-performance ratios [5] - The improvement in consumer spending, advancements in gold craftsmanship, and the rise of domestic brands are expected to provide strong growth momentum for the gold and jewelry industry [5]

Group 1 - The core viewpoint of the article discusses the recent volatility in gold prices, likening it to a "roller coaster" and questioning whether investors should buy the dip or sell at the peak [1] - Gold prices have fluctuated significantly since April 2025, with a peak of over $3500 per ounce on April 22, followed by a decline to $3325 per ounce by May 9, representing a drop of over 9% [2] - Historical data indicates that gold price fluctuations are not uncommon, with notable increases and decreases occurring over the decades, such as the rise from approximately $35 per ounce in 1970 to nearly $900 per ounce in 1980, followed by a prolonged bear market [4] Group 2 - The historical patterns of gold price movements are closely tied to macroeconomic conditions, with demand for gold typically rising during economic downturns and falling during periods of economic prosperity [5] - Factors such as monetary policy and geopolitical tensions significantly influence gold prices, with recent events like U.S. tariff policies and conflicts in the Middle East and Ukraine contributing to increased demand for gold as a safe haven [5][6] Group 3 - Technical analysis suggests that the rapid increase in gold prices in April led to overbought conditions, indicating a potential for short-term price corrections [7] - Profit-taking by investors following the price surge has created selling pressure, contributing to the recent declines in gold prices [8] Group 4 - Citibank has lowered its three-month gold price target from $3500 to $3150 per ounce, expecting prices to stabilize between $3000 and $3300 per ounce [9] - UBS forecasts a 12-month target price of $3500 per ounce, with potential scenarios ranging from $3200 to $3800 depending on geopolitical risks and economic conditions [9] - Goldman Sachs projects a year-end target price of $3700 per ounce, driven by expectations of Fed rate cuts and increased central bank gold purchases [10] Group 5 - Historical comparisons suggest that the current macroeconomic environment bears similarities to the 1970s, indicating that gold may experience a period of adjustment and consolidation following significant price increases [12] - The analysis of past price movements indicates that after a substantial rise, gold prices may stabilize or experience fluctuations for several months before resuming an upward trend [12] Group 6 - Investors are advised to adopt different strategies based on their investment horizons, with long-term investors encouraged to maintain a 15%-20% allocation to gold in their portfolios, while short-term traders should monitor technical levels for potential buying opportunities [14]

每经记者｜刘明涛 每经编辑｜叶峰 5月21日，现货黄金价格盘中突破3300美元关键点位，为5月9日以来首次，这也令黄金股出现大涨。在ETF市场，黄金ETF和黄金股ETF均涨幅靠前，其中， 黄金股ETF（517520）半日涨幅达到3.24%，领涨整个ETF市场。 | 代码 | 名称 | 涨幅% | 现价 | | --- | --- | --- | --- | | 517520 | 黄金股ETF | 3.24 | 1.40 | | 517400 | 黄金股票ETF | 3.04 | 1.11 | | 159321 | 黄金股票ETF | 3.03 | 1.08 | | 159562 | 黄金股ETF | 2.9 | 1.52 | | 159315 | 黄金股ETF基金 | 2.86 | 1.14 | | 159322 | 黄金股票ETF基金 | 2.8 | 1.13 | | ETF规模截止日: 5.20 | | | | ETF份额变化方面，今年以来，黄金股ETF份额整体呈现大幅增加态势，其中，黄金股ETF（517520）年内份额增加了13.84亿份，年内份额变动率为 89.3%，黄金股票ETF（517400）和黄 ...

上周，国际金价创下自去年11月以来，最糟糕的一周。 最近几天，国际金价走势上蹿下跳。 5月12日，现货黄金大跌2.73%，盘中最多跌去118美元/盎司； 5月14日晚，现货黄金跌势不止，向下跌破3180美元/盎司； 5月17日，国际金价一度大跌超过2%，截至当天收盘，伦敦现货黄金、COMEX黄金期货分别下跌1.15%、0.65%。 | 3176.547 | | HEZE | 3250.100 | | 3249.788 | | | --- | --- | --- | --- | --- | --- | --- | | -73.553 -2.26% | | 总量(kg) | 0.00 | 现手 | | O | | 最高价 3257.080 | | 持 仓 | O | 4 0.000 | | | | 最低价 | 3175.135 | 增 仓 | 0 | 0.000 | | | | 分时 五日 | | HK | 園く | 申示 月K | | | | 查加 | | | | 盘口 | | | | 3325.065 | | | | 2.31% 卖1 3177.205 0 | | | | | | | | ਤੇ 1 3176. ...

黄金突破3252后上涨，关注多头下一个目标，美元下跌，黄金不破此位置，仍有上涨空间？点击查看详 细分析 黄金破位上行，今日重要位置在哪里？ 相关链接 ...