4月28日亚洲早盘，现货黄金上演短暂冲高行情，开盘后一度攀升至3336.46美元/盎司，较前一交易日收盘价上涨约6美元。 然而，这一涨势未能延续，金价迅速回落至3310美元附近，日内跌幅达0.16%。这一波动再次印证了当前黄金市场的多空 博弈已进入白热化阶段，而专业交易平台的稳定性与执行效率成为投资者应对剧烈震荡的关键所在。 一、市场波动：从历史高位到多空拉锯 上周黄金市场经历史诗级波动：周一（4月21日）金价因复活节交投清淡稳步攀升至3430美元，周二更触及3500美元历史高 位；但随后因美国贸易政策软化和获利盘抛压，周三单日暴跌240美元至3260美元，最终周线收于3316.26美元，形成长影 线阴烛。尽管本周一开盘短暂上扬，但市场情绪已显著分化——Kitco调查显示，参与分析的13家华尔街机构中，54%转向 看空，46%维持看涨；散户投资者中仅48%看多，29%看跌。 二、三大变量主导本周行情 在剧烈波动的市场环境下，交易平台的执行效率与风控能力直接影响投资者收益。近期，金荣中国在BrokersView年度评选 中斩获"亚洲最佳交易平台"与"最佳交易执行经纪商"双奖，其毫秒级订单执行、智能风控体系及多语 ...

Group 1: Production and Supply - In Q1 2025, China's gold production reached 87.243 tons, a year-on-year increase of 1.49%, with gold mining contributing 61.772 tons and by-product gold from non-ferrous metals contributing 25.471 tons [1] - Total gold production, including imported raw gold of 53.587 tons, amounted to 140.83 tons, reflecting a year-on-year growth of 1.18% [1] - Major gold companies are adjusting production layouts and advancing the construction of smart and green mines, while also accelerating overseas acquisitions [1][4] Group 2: Consumption Trends - In Q1 2025, gold consumption in China was 290.492 tons, down 5.96% year-on-year, with gold jewelry consumption declining by 26.85% to 134.531 tons, while investment in gold bars and coins increased by 29.81% to 138.018 tons [2] - High gold prices have suppressed jewelry demand, while investment demand for gold bars and coins has surged due to their lower processing costs and strong investment attributes [2][4] Group 3: Market Activity - The trading volume and value in the gold market showed significant growth, with the Shanghai Gold Exchange reporting a trading volume of 16,000 tons, up 4.57%, and a trading value of 10.7 trillion yuan, up 42.85% [3] - The domestic gold ETF holdings increased by 23.47 tons, reaching 138.21 tons by the end of March 2025 [3] - New regulations allowing insurance funds to invest in gold have been introduced, with the first transaction completed under this framework [3] Group 4: Future Outlook - Rising gold prices are expected to lead to increased profits for mining companies, prompting higher exploration and extraction investments, although challenges such as declining resource grades and rising environmental costs remain [4] - The consumption structure is likely to shift further towards investment in gold bars and coins, with increased activity in gold ETFs and futures trading anticipated [4]

摘要周一(4月28日)亚市盘初，国际黄金震荡微跌，随后迅速扩大跌幅，在3280美元附近徘徊。在经历 持续数日的抛售风暴后，黄金市场动能显著衰竭，华尔街机构与散户投资者的看涨情绪同步逆转。 Kitco最新黄金周度调查显示，仅有少数分析师和散户仍维持看涨立场，市场风向发生明显转变。 然而，大型企业连续两年提供高额薪资增长，使得日本央行在2025年进一步收紧货币政策的可能性上 升。 与此同时，交易员普遍押注美联储将在6月重启降息周期，并在年底前累计降息1个百分点。这种预期削 弱了美元反弹的势头，从而也成为日元的潜在支撑。 【黄金行情分析】 国际黄金上周五开盘从3346-51附近上涨至3370一线，之后价格开始震荡下跌3287一线反弹3314附近， 而后价格再度破低来到3265附近反弹拉升3316一线并收盘。今日早间价格跳空高开3325高走至3336.6附 近后回落修复缺口并下跌3298附近反弹3316附近进行二次下跌至3279一线。从之前走势看：目前3336- 38以及3342-43附近是高位压力，其次是3316附近。 晚间交易提醒： 周一(4月28日)亚市盘初，国际黄金震荡微跌，随后迅速扩大跌幅，在3280美元附 ...

Core Insights - The gold market is experiencing a significant volatility, with a sharp decline in prices leading to a stark contrast between consumer behavior and market dynamics [1][3][5] Group 1: Market Dynamics - On April 23, the spot gold price fell from $3420 per ounce, marking a record single-day drop, with a decrease in the price from 1082 RMB per gram to below 1055 RMB [3] - The decline was driven by two main forces: the Federal Reserve's hawkish signals prompting international capital flight and a 35% increase in gold prices since the beginning of the year leading to profit-taking [3][5] - On April 25, global gold ETFs saw a net outflow of $870 million, indicating a significant shift in investor sentiment [3] Group 2: Consumer Behavior - There is a notable disparity in the gold market, with central banks purchasing 1037 tons of gold annually while retail investors are engaging in panic selling [5] - The reliance of 34% of Generation Z investors on social media influencers and AI for investment decisions highlights a trend of irrational behavior in the market [7] - The situation has led to a crisis in credit mechanisms, with merchants increasing deposit requirements from 20,000 to 50,000 RMB due to rising defaults [5][12] Group 3: Investment Strategies - The market is currently influenced by three main factors: the Federal Reserve's policy shifts, the continuous accumulation of gold by the People's Bank of China, and the emotional volatility amplified by social media discussions [9] - Investors are advised against using consumer loans for gold trading, as a 4% interest rate could erode 6% annual returns [11] - Caution is advised against trusting social media influencers for investment signals, as historical data shows that high-position buyers may wait years to recover their investments [12]

本周黄金市场波动剧烈，五个交易日内日线涨跌幅度频繁超100个点，具体行情如下： 周一，黄金价格大幅上涨，从3331一路攀升至3430，涨幅达100个点。 黄金走势分析： 周五，黄金从3349冲高至3370，而后回落至3265，波动幅度超100个点。 从周线来看，K线收出一根上影线长于下影线的星十字影线。这种收线形态预示着市场对下周行情走势 的看跌情绪较为浓厚。不过，下周开盘黄金可能会有一波惯性上涨，投资者需警惕这波反弹行情。值得 注意的是，下周还将迎来月线收官，预计黄金会进行修正调整，可能会出现200个点的跌幅。此外，下 周尾盘的非农大数据公布也需重点关注，这可能会给黄金市场带来新的波动和不确定性。 白银走势分析： 作者：王召金 周二，黄金冲高回落，日线触及历史高点3499.9后，大幅回落至3369，跌幅达到130个点。 周三，黄金低开60个点，随后冲高至3386，又回调至低点3260，波动幅度超120个点。 周四，黄金市场有所升温，开盘于3287，涨至3367，涨幅为80个点。 本周白银价格走势波动明显。周一，白银日线收阳；周二，日线收阴，当日价格在33.1-32.2的窄幅区间 内震荡。周三，白银市场迎来大 ...

Group 1 - The core point of the article highlights a significant drop in gold prices, with spot gold rebounding to $3363.836 per ounce, an increase of over 2% [1] - The price of gold jewelry from various brands has also fluctuated, with Chow Sang Sang's gold jewelry priced at 1031 CNY per gram, down 49 CNY from the peak on April 22 [1] - Lao Miao's gold jewelry is also priced at 1031 CNY per gram, reflecting a decrease of 27 CNY from two days prior [1] - Chow Tai Fook's gold jewelry is priced at 1038 CNY per gram, showing a decline of 44 CNY over the same two-day period [1]

Core Viewpoint - The gold market is currently experiencing a technical correction, with prices dipping to $3,283 per ounce, but the overall bullish trend remains intact, supported by strong buying interest around $3,327 per ounce [1][3] Group 1: Market Analysis - The gold market showed significant volatility, with prices initially dropping to $3,283 per ounce before rebounding to around $3,330 per ounce, indicating strong bullish momentum [3] - The current market structure is still bullish, with technical analysis suggesting a potential target of $3,400 per ounce in the near term [3] - The recent price drop is viewed as a technical adjustment, aligning with market behavior where deeper pullbacks often lead to stronger rebounds [3] Group 2: Trading Strategy - The recommended trading strategy is to adopt a bullish approach, focusing on buying near the $3,300 support level, with a stop loss set at $3,290 and a target of $3,380 [3] - Investors are advised to adjust their trading pace and optimize their positions in preparation for the market's reopening next week [1]

Core Viewpoint - The article discusses the upward revision of gold price forecasts to $3,700 due to significant central bank purchases and inflows from ETFs, suggesting that there may be no ceiling for gold price increases [1] Group 1: Price Forecasts - Institutions have raised their gold price forecast for this year to $3,700, indicating a bullish outlook for the precious metal [1] - The increase in gold price predictions is attributed to strong demand driven by central banks and ETF investments [1] Group 2: Market Dynamics - Central banks are reportedly engaging in aggressive purchasing of gold, contributing to the heightened demand [1] - There is a notable influx of funds into gold ETFs, further supporting the price increase and market interest [1] Group 3: Investment Implications - The combination of central bank buying and ETF inflows suggests that gold may continue to rise without a defined upper limit [1]