国际金价连创新高，众多投资者活跃参与，部分投资者赚得盆满钵满，但对于一些厌恶投资风险的投资者而言，担心的却是金价下行带来投资 损失。 近期不少银行推出了与黄金挂钩的结构性存款产品，正是抓住了这部分投资者既不甘心亏本又想博取更高收益的需求。 业内人士认为，2026年一季度还处在前几年利率较高的定期存款集中到期高峰阶段，此时商业银行推出结构性存款还可以解决资金稳定性的问 题。 挂钩黄金的结构性存款产品密集推出 当前，国内银行存款利率处于低位。部分银行短期存款利率已经到了0开头，如工商银行个人人民币3月期整存整取存款当前执行利率为 0.65%，甚至3个月期限20万元起存的大额存单年化利率也仅为0.9%。 存款利率下行，与之相对的黄金市场却一路走高，这也使得多家银行顺势密集推出挂钩黄金的结构性存款产品。这类产品凭借"本金保障+收益 浮动"的核心优势与灵活期限选择，成为风险厌恶型投资者的新选项。 2025年，国际金价走出史诗级牛市，伦敦现货黄金价格从年初约2646美元/盎司攀升至年底超4367.8美元/盎司，全年累计涨幅约65%。 自2025年初以来伦敦现货黄金价格走势（单位：美元/盎司） 以招商银行为例，该行于1月1 ...

1月14日，压不住，根本压不住！芝商所再出手，频繁上调保证金，甚至调整贵金属保证金计费方式， 由此前固定金额改为百分比，但是黄金调整力度并不大而是继续创出历史新高。 昨日解读了两个做多位置，一是4575/78支撑点，另一个就是4562强支撑位置，由于白盘强势回踩力度 有限，所以强调以4575防守在4585上下即可直接多，没有去卡位置博多，最担心的就是白盘踏空位置的 情况，多头发车却没有上车，后悔拍肿大腿也没用，实际盘面价格也给了更好的点位，金价回踩至4577 后止步大涨，再度冲击至4630上方承压，但我强调千万不要博弈回调错失主行情，我们只会去顺势布 局。 1月14日，压不住，根本压不住！芝商所再出手，频繁上调保证金，甚至调整贵金属保证金计费方式， 由此前固定金额改为百分比，但是黄金调整力度并不大而是继续创出历史新高。 昨日解读了两个做多位置，一是4575/78支撑点，另一个就是4562强支撑位置，由于白盘强势回踩力度 有限，所以强调以4575防守在4585上下即可直接多，没有去卡位置博多，最担心的就是白盘踏空位置的 情况，多头发车却没有上车，后悔拍肿大腿也没用，实际盘面价格也给了更好的点位，金价回踩至457 ...

2025年现货黄金价格飙升65%，创下自1979年以来最强劲的实质及名义年度回报。值得注意的是，黄金 ETF市场在11月至12月面对投资者获利回吐的压力仍展现韧性。尽管第四季向来是黄金流动性的传统淡 季，且美股估值创历史新高，实物支持黄金ETF在2025年最后数月仍录得强劲资金流入。 智通财经APP获悉，道富投资管理发表最新黄金监测报告指，金价重估向上，继2024至2025年的历史性 牛市后，未来6至9个月有望再创新高，突破每盎司5000美元大关。2025年全球政府及企业债务激增，支 撑黄金需求。股市估值偏高且不确定性升温，黄金发挥对冲作用。央行持续购金，支撑价格缺乏弹性的 实物需求。2025年黄金ETF资金流入创新高(以美元计)，并有望于2026年延续。 鉴于委内瑞拉最新地缘政治发展，加上全球债务激增、美国股债相关性、美联储政策、各国央行黄金需 求及潜在波动性冲击等不确定因素，黄金在2026年前景依然看俏。考虑到近期价格动力及地缘政治局 势，现货黄金今年突破每盎司5000美元的机率，已高于该行早前所预测的30%。 ...

Group 1: Market Overview - The gold market is experiencing high demand, with international spot gold prices fluctuating between $1900 and $2000 per ounce, and domestic gold prices showing strong performance [1] - Banks are accelerating the launch of structured deposit products linked to gold, with companies also investing directly and engaging in industry chain layouts, making gold assets a core focus for market funds [1] Group 2: Banking Sector - Several major banks have launched over 30 gold-linked structured deposit products since January 2026, with investment periods ranging from 3 months to 1 year and minimum investment amounts typically set at 50,000 or 100,000 yuan [3] - The products generally offer a structure of "guaranteed return + floating return," with guaranteed rates between 1.5% and 2.5%, and potential maximum returns of 4% to 6% based on gold price fluctuations [3] - The issuance of gold-linked structured deposits increased by 47% year-on-year in 2025, with January 2026's issuance reaching 80% of December 2025's total, indicating rising market acceptance [4] Group 3: Corporate Participation - Over 60 listed companies have announced investments in gold-linked financial products or direct gold asset purchases since 2025, with total funds exceeding 20 billion yuan [5] - Companies are diversifying their participation in the gold market, with some investing in gold ETFs and others focusing on the entire gold industry chain, from mining to processing and sales [6] - Mining companies have increased gold production by 12% and 8% year-on-year in 2025, while jewelry companies have expanded production and recycling operations, benefiting from rising gold prices and recovering consumer demand [6] Group 4: Market Drivers - The rise in the gold market is supported by a combination of global economic conditions, policy directions, and market demand, with expectations of a potential interest rate cut in 2026 and ongoing geopolitical tensions driving safe-haven investments into gold [7] - In China, gold consumption reached 1486 tons in 2025, a 12.3% increase year-on-year, with investment gold consumption growing by 23%, highlighting the asset's appeal as a physical investment [7] Group 5: Long-term Outlook - Analysts suggest that while the gold market may experience short-term fluctuations, long-term factors such as global economic uncertainty and expectations of monetary policy easing will continue to support gold assets as a valuable investment [8] - Companies are advised to align their gold investments with their core business operations to mitigate risks associated with market volatility and operational challenges [8]

Core Viewpoint - The recent developments regarding the Jin Yafu financial incident indicate that the company's smart gold stores are still operational, with new openings and key staff remaining in place despite the ongoing crisis [1][3][15]. Group 1: Operational Status - Some smart gold stores are confirmed to be operational, including the newly opened Jin Yafu Smart Gold Store in Nantong [1][3]. - Employees have reported that some smart gold stores have been taken over by new owners, indicating a shift in management [1][22]. - The investment potential of the smart gold stores is considered to have certain value from an asset perspective [1]. Group 2: Company Challenges - Jin Yafu Group acknowledged facing structural and liquidity difficulties due to heavy asset investments and rising gold prices, leading to a debt crisis [3][17]. - The company has established a risk resolution and restructuring task force to develop systematic solutions to address these challenges [3][17]. - Efforts are being made to accelerate project cash flow, dispose of quality assets, and optimize operational efficiency [3][17]. Group 3: Employee Situation - Reports indicate that some employees have not received their salaries for three months and are currently in labor arbitration [25][26]. - New companies have taken over some employees, who are now responsible for salaries post-January 2025 [26]. - Employees have stated that operations continue normally, with some unaware of the financial crisis affecting the company [25]. Group 4: Business Model and Expansion - The smart gold store model was officially launched in 2023, focusing on self-service gold recycling and purchasing [23]. - The franchise model includes single-store and city partner options, with specific fees and revenue-sharing structures outlined [23]. - As of now, there are over 100 smart gold store locations nationwide, with significant coverage in major cities [24].

今日周三(1月14日)亚盘时段，黄金t+d目前交投于1034元附近，截至发稿，黄金t+d暂报1034.22元/克， 涨幅0.82%，最高触及1035.00元/克，最低下探1024.21元/克。目前来看，黄金t+d短线偏向看涨走势。 摘要今日周三(1月14日)亚盘时段，黄金T+D目前交投于1034元附近，截至发稿，黄金T+D暂报1034.22 元/克，涨幅0.82%，最高触及1035.00元/克，最低下探1024.21元/克。目前来看，黄金T+D短线偏向看涨 走势。 富国银行投资研究所在周二报告中预计，黄金2026年将进一步上涨，驱动力包括"地缘政治紧张局势加 剧及全球央行积极购买活动"等因素。该机构称，美联储今年预期降息及稳定的美元将助力黄金表现"优 于市场"，尽管涨幅或慢于2025年。 【最新黄金t+d行情解析】 黄金t+d(Au(t+d))2026年1月14日技术面延续强势多头格局。价格盘中最高触及1035.00元/克，收盘报 1025.84元/克，小幅震荡上行，站稳1025元/克关键支撑。日线RSI维持65–70偏强区间，MACD红柱持续 放大，布林带开口向上，价格沿上轨运行，趋势动能未衰。关键阻力位上 ...

Core Viewpoint - The strong trend in gold prices is expected to continue in the medium to long term, but significant short-term volatility should be anticipated, especially after reaching historical highs [2][4]. Group 1: Factors Influencing Gold Prices - The primary factor affecting gold investment is the U.S. real interest rates, which historically show an inverse relationship with gold prices. A downward trend in U.S. Treasury yields is likely to support gold prices [3]. - Central banks have significantly increased their gold purchases, with annual additions exceeding 1,000 tons since 2022, compared to just over 470 tons annually from 2010 to 2021. This shift reflects concerns over the uncertainty of dollar assets and aims for asset diversification [3]. - Geopolitical events can cause substantial short-term impacts on gold prices, leading to pronounced fluctuations in the market [4]. Group 2: New Pricing Logic for Gold - The trend of central banks increasing gold reserves and seeking alternatives to the dollar has become a significant driver for rising gold prices. However, the sustainability of this trend remains uncertain [5]. Group 3: Investment Strategies in Gold - Gold stocks should not be compared directly with physical gold and gold ETFs, as they are more influenced by stock market fluctuations. For pure investment purposes, gold ETFs are recommended due to their liquidity and direct correlation with gold prices [6]. - Physical gold investments, such as gold bars, are considered more suitable for those looking to invest in tangible assets, while gold jewelry may incur additional design costs [6].

进入2026年以来，黄金价格继续上涨。1月12日，伦敦现货黄金延续前两个交易日的涨势，一度触及 4601.38美元/盎司的历史新高。 在金价强势冲高的背景下，多家银行再次对黄金积存业务作出调整并发布风险提示，提醒投资者关注黄 金投资风险。 根据工商银行公告，调整前已设置成功的定期积存计划将继续执行，不受影响。设置自动展期的定期积 存计划到期后，若原计划积存金额满足工行最新要求，则展期成功，否则展期失败。 在国际金价再续涨势的同时，国内黄金投资与消费市场的热度持续攀升，深圳水贝等核心黄金交易市场 的销售数据也印证了这一趋势。1月12日，深圳水贝黄金销售价格为1178元/克，创下历史新高。 值得警惕的是，在市场热度高涨的背后，各类非法黄金交易陷阱也开始滋生，投资风险显著提升。 《金融时报》记者注意到，此前，深圳市黄金珠宝首饰行业协会在官方发布的行业警示函中提到，深圳 水贝3家黄金珠宝公司以经营黄金为名，实际通过线上平台开展"非实物黄金对赌"业务，其行为已涉嫌 构成开设赌场罪，相关涉案主体已被司法机关查处。 "后续，我们将持续关注贵金属市场波动情况，适时对如意金积存业务最低投资额进行调整。"公告显 示。 《金融时报 ...

近日，多家黄金行业上市公司对外披露2025年全年业绩预告，受金价大幅上涨影响，涉矿类上市公司预 计2025年业绩普遍大幅增长。对于金价未来走势，不少机构仍然看多黄金，全球央行黄金需求整体依然 相对稳健。 预计全年业绩大幅增长 赤峰黄金预计2025年度实现归属于上市公司股东的净利润为30亿元到32亿元，同比增长70%到81%；预 计2025年度实现归属于上市公司股东的扣除非经常性损益的净利润为29.7亿元至31.7亿元，同比增长 75%到86%。公司净利润增长的主要原因为，公司2025年度主营黄金产量约为14.4吨，主营黄金产品销 售价格同比上升约49%，境内外矿山企业盈利能力增强。 2026年1月1日，紫金矿业董事长邹来昌在2026年新年致辞中表示，公司将加大战略性矿产资源获取力 度，以金、铜为重点发展矿种，全面形成具有全球竞争力的锂板块，并密切关注有重大影响力的超大型 矿产及中型矿业公司并购机会。公司计划，2026年度矿产金产量达到105吨、矿产铜120万吨、当量碳酸 锂12万吨、矿产银520吨。 头部机构仍看多黄金 对于金价未来走势，不少机构仍然看多黄金。 高盛集团预计，到2026年底，黄金价格将升至约每 ...

你听说了吗？ 就在今天，国内金价冲到了每克1030块。 这数字，是不是听着就让人心跳加速？ 但更让人坐不住的是，很多人都在悄悄议论：这恐怕只是个 开始，明天，或者下周，市场可能会迎来一场更猛烈的风暴。 这感觉，像不像2023年那会儿？ 地缘政治一 紧张，黄金就成了大家眼里的香饽饽。 国内现货黄金蹭蹭往上涨，期货市场也跟着火热，连带着黄金ETF都成了抢手货。 市场里那种情绪，明眼人都能感 觉到，有点上头。 但黄金这东西，从来就不只是简单的投资品。 它身上带着那种古老的、保命的属性，有人觉得它是最可靠的压舱石，有人却觉得这玩意儿有点玄乎。 眼 下，春节快到了，买金饰的需求旺起来，老百姓通过ETF几块钱就能参与黄金投资的门槛又这么低，市场想不热闹都难。 你看，国内金价热得发烫，可伦 敦那边的现货黄金，前几天还稍微跌了一点呢。 这一冷一热对比下来，咱们的市场，是真有自己的脾气。 其实，这股热潮背后，远不止春节买金那么简单。 如果我们把视线拉长，看看2025年一整年，那才叫真正的"史诗级行情"。 国际金价从年初的每盎司2600 美元左右，一路狂飙到年底的4500美元以上，全年涨幅超过了70%。 整整一年里，现货黄金的价 ...