5月27日下午，现货黄金跌破3300美元/盎司，日内跌1.45%。 国内黄金现货也出现下跌。 今年以来，黄金总是重复以两种方式登上热搜：大涨与大跌。 尤其进入5月，这种趋势更为明显，屡创历史新高的金价开启了波动更为剧烈的过山车模式。过去两周 内，国际金价逐渐跌破每盎司3500美元、3400美元和3300美元关口。曾经一夜之间靠黄金"赚翻"的投资 者，经此震荡纷纷感叹"亏麻了"。 中国(香港)金融衍生品投资研究院院长王红英告诉记者，近期黄金出现巨大震荡行情，主要源于影响黄 金价格的利多与利空因素之间的结构性矛盾，以及市场情绪的放大作用。 "黄金价格受到国际经济形势变化、主要货币走势、地缘政治摩擦等多重因素影响，短期内多重因素的 博弈导致黄金价格经历了暴涨暴跌的剧烈波动。"王红英说道。 花旗在研报中明确表示，此轮金价从最高点下调的核心原因在于全球关税谈判取得突破性进展。报告强 调："此前推动金价上涨的关键因素——关税担忧正在明显缓解，这直接导致黄金市场进入阶段性盘 整。" 招商期货金融衍生品主管徐世伟从交易角度对记者进一步分析，金价站上高位后，震荡较大属于正常现 象，直接原因在于大资金涌入造成了更大波动性。 世界 ...

Group 1 - Spot gold has increased by $8, currently priced at $3,330 per ounce [1] - The US Dollar Index (DXY) has decreased by 25 points, now at 99.18 [1] - The USD/JPY exchange rate has dropped by 50 points, falling below 143, with a daily decline of 0.71% [1]

Group 1: Market Overview - The Chinese jewelry market has shown significant growth, with the market size increasing from 580 billion yuan in 2018 to 820 billion yuan in 2023, reflecting a compound annual growth rate (CAGR) of 7.2%. The market is expected to exceed 920 billion yuan in 2024 [1] - The gold price has surged, reaching historical highs, with international spot gold prices hitting $3,500.16 per ounce on April 22, 2023 [5][6] - Despite rising gold prices, the overall consumption of gold in China is projected to decline, with a total consumption of 985.31 tons in 2024, down 9.58% year-on-year [5] Group 2: Company Profile - Wanbang Jewelry, established in 2010, operates as a jewelry retailer and wholesaler based in Hong Kong, with five retail stores targeting the mid-market segment [3] - The company plans to go public on NASDAQ under the ticker MPJS, aiming to issue 1.5 million shares at a price range of $4 to $5, with an expected market capitalization of $130 million [1] Group 3: Financial Performance - For the fiscal year 2023-2024, Wanbang Jewelry reported revenues of 71.64 million HKD and 111.98 million HKD, with net profits of 5.05 million HKD and 5.98 million HKD respectively [4] - The company's gross profit margin has declined significantly, from 25.70% in 2023 to 18.94% in 2024, primarily due to a drop in the gross margin of pure gold products from 16.68% to 11.55% [6] Group 4: Market Challenges - The surge in gold prices has led to a decrease in consumer demand, impacting sales across the jewelry sector, as evidenced by a 15% drop in revenue for a competitor, Chow Sang Sang [6] - Wanbang Jewelry's cash flow from operating activities was negative at -158,300 HKD, necessitating reliance on external financing for business growth [7] - The jewelry market in Hong Kong is characterized by high concentration, with a few large retailers holding over 60% market share, posing competitive challenges for Wanbang Jewelry [9]

5月15日盘中，金价一度大幅跳水，现货黄金最低下探至3120美元/盎司，日内跌幅一度接近1.8%；COMEX黄金期货一 度跌超2%，最低触及3123美元/盎司。随后金价出现反弹。 据央视财经报道，记者在深圳水贝一家黄金零售卖场看到，各大黄金柜台周围，挤满了前来选购的消费者。受近期国际 金价下跌影响，商场金价从上周末的792元/克，降到目前的756元/克，跌幅超4%。 一家黄金商铺的负责人告诉央视财经记者，一些款式新、克重小的黄金饰品，颇受消费者青睐。受金价下跌影响，部分 手镯类饰品销量甚至还有增长。除了购买黄金的消费者，还有一部分消费者看到金价有回落势头，选择把手中的黄金饰 品回收变现。 据了解，深圳水贝是国内最大的珠宝专业交易市场，其价格变动对市场具有较大影响。 5月19日，周大福的黄金价格为976元/克。此外，周大福的足金饰品价格也为976元/克，投资黄金价格为859元/克，黄金 回收价格为722元/克。 2022年9月至今，国际金价像坐上了过山车，最高冲破3500美元/盎司。深圳水贝市场的黄金报价，短短4个月就从每克 630元飙到839元，近期，随着黄金价格的回落，深圳水贝的黄金价格有所回调进入高位震荡 ...

今年以来不断狂飙的黄金价格在近日连续出现"急刹车"。 5月15日盘中，金价一度大幅跳水，现货黄金最低下探至3120美元/盎司，日内跌幅一度接近1.8%；COMEX黄金期货一度跌超2%，最低触及3123美元/盎 司。随后金价出现反弹。 昨晚（5月16日）， 金价又跳水！ 截至5月16日20:04，现货黄金短线下挫20美元，跌破3160美元/盎司，日内跌2.56%。纽约期金日内大跌2%，报3162.00美元/盎司。 | < W | 伦敦金现 | | | | | --- | --- | --- | --- | --- | | | SPTAUUSDOZ.IDC | | | | | 3162.990 | 昨结 3239.210 | 开盘 | | 3239.650 | | -76.220 | -2.35% 总量(kg) 0.00 | 现手 | | 0 | | 最高价 | 3252.050 特 仓 | 0 | 外 盘 | 0.000 | | 最低价 | 3153.475 增 仓 | 0 | 内 备 | 0.000 | | 分时 | 五日 日K | 月K | | 0 | | 叠加 | | | 盘口 | | | 3324.94 ...

Core Viewpoint - In 2025, international gold prices experienced significant volatility, reaching a historical high of $3500 per ounce in April, followed by a rapid decline to $3160 per ounce in May, resulting in a drop of over 10% within a short period [1]. Economic Factors - Economic instability drives investors to buy gold as a safe haven, leading to price increases during poor economic data or stock market declines [3]. - Conversely, improved economic data or anticipated interest rate hikes can lead to a sell-off in gold, causing prices to drop [3]. - The relationship between the US dollar and gold prices is crucial; a stronger dollar makes gold more expensive for foreign investors, reducing demand and subsequently lowering prices [3]. Geopolitical Factors - Geopolitical events, such as regional conflicts and trade tensions, heighten market risk aversion, prompting increased gold purchases [5]. - Once geopolitical tensions ease, investors tend to sell gold, resulting in price declines [5]. - Speculative market behavior can exacerbate price volatility, with large buy or sell orders causing significant short-term price fluctuations [5]. Investor Outcomes - Certain investor groups profited during this gold price volatility, including long-term gold investors who bought and held, central banks that increased gold reserves, and financial institutions engaging in arbitrage [8]. - Conversely, inexperienced retail investors often suffered losses due to panic buying and selling, while those using high leverage faced amplified risks, potentially leading to total losses [10]. - Gold processing and retail companies also experienced negative impacts, as declining prices reduced consumer purchasing intent, affecting sales and profits [10]. Investment Perspective - For ordinary investors, gold investment presents both risks and opportunities; long-term economic instability and geopolitical conflicts may support gold prices [11]. - However, market conditions can change rapidly, making any predictions uncertain; investors are advised to approach gold investments rationally and avoid herd behavior [11]. - Continuous learning and risk management are essential for protecting assets amid market fluctuations [11].

刚刚！金价又跳水！ 截至5月1 6日2 0 : 0 4，现货黄金短线下挫2 0美元，跌破3 1 6 0美元/盎司，日内跌2 . 5 6%。纽约期 金日内大跌2%，报3 1 6 2 . 0 0美元/盎司。 作 者丨叶麦穗 编 辑丨方海平 江佩佩 再次， 金价在多次反弹尝试未果后，最终失守3 2 0 0美元/盎司这一重要心理关口 ，技术性抛 盘加剧了下跌势头； 最后， 美国4月CPI数据表现温和 ，使得市场对美联储大幅降息的预期降温，美元走强也对 金价形成压制。 | < W | | | 伦敦金现 | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | SPTAUUSDOZ.IDC | | | | | | 3162.990 | | 昨结 | 3239.210 | | 开盘 | 3239.650 | | | -76.220 | -2.35% | 总量(kq) | 0.00 | 现手 | | 0 | | | 最高价 | 3252.050 | 持 仓 | 0 | 2 | 當 | 0.000 | | | 最低价 | 3153.475 | 曾 仓 ...

本周，黄金开启调整模式。15日晚，现货黄金跌破3200美元／盎司大关，高位回调超200美元／盎司。 "最近一段时间，美国对外政策频繁调整，严重影响全球经济增长预期，金融市场出现剧烈波动，黄金 价格大幅上涨。短期来看，黄金价格继续上涨的动力已经减弱，价格波动在所难免。未来3个月，预计 黄金价格宽幅波动。9月，因全球贸易不确定性和美联储降息预期，黄金可能开启新一轮上涨行情。"段 恩典说。 "短期金价易跌难涨。"徽商期货贵金属分析师从姗姗表示，考虑到后续美国关税政策可能出现反复、美 联储降息时间渐近和黄金需求强劲等利多因素，长期而言黄金价格将保持强势，长期配置价值仍存。投 资者需结合自身风险承受能力，避免高杠杆操作，关注政策动向和市场信号。 黄金价格大幅回调之后，有投资者认为入场时机已到。对此，段恩典提醒道，接下来两个月黄金价格可 能面临波动调整行情，交易的难度较大。风险偏好较高的投资者，可以依据技术指标和宏观背景做区间 交易，但需要控制仓位，设置好止损和止盈点。现货投资者切勿根据长期趋势进行短期交易，盲目地在 市场上买入，这样容易在行情不及预期时出现心态波动而亏损离场。此外，在特殊事件发生时，黄金价 格波动剧烈， ...

Market Overview - A-shares experienced overall weakness and volatility in the morning session, with major sectors such as brokerage, liquor, and pharmaceuticals undergoing corrections, leading to declines in the three major stock indices [1] - As of the midday break, the Shanghai Composite Index was at 3389.75 points, down 0.42%, while the Shenzhen Component and ChiNext Index fell by 1.12% and 1.35%, respectively [2] Precious Metals Sector - International gold prices saw a significant drop, with London spot gold falling from nearly $3200/oz to a low of $3149/oz, marking a decline of over 10% from the historical high of $3500/oz on April 22 [4] - The decline in gold prices negatively impacted the A-share precious metals sector, with the Shenwan Precious Metals Index dropping 1.29% in the morning session. Stocks such as Hunan Silver, Sichuan Gold, and Chifeng Gold fell over 2% [7][8] Rare Earth Sector - The rare earth permanent magnet sector showed strong performance in the morning, with Jiuling Technology rising over 15% and Shenghe Resources increasing over 7% [9] - Shenghe Resources announced plans to acquire 100% equity of Peak Rare Earths Limited for AUD 158 million, focusing on rare earth exploration and production, particularly the Ngualla project in Tanzania [11] - China Rare Earths is actively working on resolving industry competition issues and is considering mergers and acquisitions, with expectations of improved supply-demand dynamics in the rare earth sector [11]

每经编辑｜陈鹏程 王晓波 1 隔夜市场 美股三大指数收盘涨跌不一，纳指涨0.72%，标普500指数涨0.1%，道指跌0.21%；大型科技股多数上涨，特斯拉、英伟达涨超4%，谷歌涨超3%，奈飞涨逾 1%，微软、Meta小幅上涨；英特尔跌超4%，亚马逊、苹果小幅下跌；其中，英伟达年内转涨。中概股多数上涨，纳斯达克中国金龙指数涨1.17%；腾讯音 乐涨逾15%，理想汽车涨近3%，阿里巴巴、百度、好未来涨近2%。 国际油价走弱，美油主力合约收跌1.23%，报62.89美元/桶；布伦特原油主力合约跌1.23%，报65.81美元/桶。 国际金价下挫，现货黄金跌2.26%，失守3200美元关口，报3176.58美元/盎司；COMEX黄金期货跌2.07%，报3180.70美元/盎司；COMEX白银期货跌 2.15%，报32.39美元/盎司。 欧洲三大股指收盘小幅下跌，德国DAX指数跌0.47%报23527.01点，法国CAC40指数跌0.47%报7836.79点，英国富时100指数跌0.21%报8585.01点。 2 美国调整对华加征关税 记者14日从商务部获悉，根据美国白宫5月12日发布的《修改对等关税税率以反映与中华人民 ...