| 名称 | 价格(人民币/克) | | --- | --- | | 足金饰品 | 1023.00 | | 铂金饰品 | 470.00 | | 工艺金条 | 978.00 | 近期美联储的讲话及美国经济数据不断强化美联储9月的降息预期，为金价的上涨提供支撑。另外，特朗普与美联储官员的争端也进一步驱使避险资金从 美元转向黄金，从而推升金价。 受此影响，国内品牌金饰价格也达到近期高点。中新经纬1日查询发现，周大福金饰价格为1027元/克，单克一周涨了18元；老庙黄金价格为1023元/克， 单克一周涨了16元；周六福足金999为1000元/克，一周上涨15元/克；老凤祥为1025元/克，单周上涨15元/克；周生生价格为1025元/克，单周上涨15元/ 克。 CHOW TAI FOOK 周 大 福 | 全部商品 | 婚嫁 CTF for YOU定制 | | 企业务 | | --- | --- | --- | --- | | | 今日金价 | | | | | 更新于2025年09月01日 09:30:59 | | | | | 活要 (饰品、工艺品类) | | 1027 元/克 | | 零售金价 | 投资黄金类 | | ...

Core Viewpoint - International gold prices have reached a new historical high, significantly impacting the A-share gold sector and domestic gold jewelry prices [1][3]. Group 1: International Gold Price Movement - On September 1, the COMEX gold futures price surged to a peak of $3552.4 per ounce, surpassing the previous high in August, with a year-to-date increase of approximately 35% [1]. - Multiple international financial institutions are bullish on gold prices, with UBS raising its target for mid-2026 to $3700 per ounce and Bank of America predicting a rise to $4000 per ounce by the same time [3]. Group 2: Impact on A-share Gold Sector - Following the rise in international gold prices, the A-share precious metals sector saw significant gains on September 1, with companies like Zhongjin Gold, Hunan Gold, and Hunan Silver hitting their daily price limits [1]. - Specific stock performances included Xiaocheng Technology rising over 13%, Chifeng Gold increasing by over 8%, and Shandong Gold and Zhaojin Gold both rising over 7% [1]. Group 3: Domestic Gold Jewelry Price Increase - Domestic gold jewelry prices have also surged, with brands like Chow Tai Fook and Lao Feng Xiang reporting prices exceeding 1020 yuan per gram, reflecting weekly increases of 15 to 18 yuan per gram [2].

黄金延续上涨势头，周一回升至历史高点附近。 美联储降息预期令美元持续走低，利好这种无收益商品。 地缘政治紧张局势升级也为避险货币黄金/美元（XAU/USD）提供支撑。 周一欧洲时段上半段，黄金（XAU/USD）维持强劲买盘基调，并在一系列支撑因素的共同作用下，仍远接近历史高点。尽管通胀迹象持续存在，但交易员 似乎确信美联储（Fed）本月将降息。此外，对美联储独立性的担忧日益加剧，进一步加剧了围绕美元（USD）的看跌情绪，利好这种无收益黄金。 此外，俄罗斯袭击乌克兰以及以色列与哈马斯冲突升级带来的新地缘政治风险，也为避险货币黄金提供支撑。然而，短期图表上略微超买的状况可能会抑制 黄金/美元多头进行新的押注，并在本周重要的美国宏观数据公布前限制其进一步上涨的空间。尽管如此，基本面背景表明，任何回调都可能被视为买入机 会，且涨幅仍然有限。 每日摘要市场动态：黄金受益于美联储降息预期、美元走弱和地缘政治风险 美国经济分析局周五公布，7月份个人消费支出(PCE)价格指数年率稳定在2.6%。此外，核心PCE价格指数（不包括波动较大的食品和能源价格）在报告月份 小幅上涨至2.9%，高于6月份的2.8%，与分析师的预期相符。 ...

www.hongyuanqh.com 贵金属月报(黄金与白银) 全球多国财政或已开启主动扩张， 美联储降息预期支撑贵金属价格 2025年9月1日 宏源期货 研究所 王文虎 (从业资格证书：F03087656， 投资咨询从业资格证号：Z0019472) 黄金和白银 1、进口关税推升商品价格致美国7月生产端通胀PPI年率和消费端通胀核心CPI年率有所升高，但是美 联储主席鲍威尔因就业供需双弱而表示风险平衡点变化可能要求调整政策，叠加特朗普政府对美联储官员 持续施压，使美联储9月降息预期几无悬念，但仍需关注9月5日和11日美国8月新增非农就业人数及消费者 物价指数CPI。 2、美国《大漂亮法案》扩大减税规模和国防支出，欧洲启用"国家逃逸条款"扩大国防支出，德国放 宽债务刹车设立5000亿欧元特别基金，日本防务支出扩大且预算创新高达122万亿日元，全球财政主动扩张 时代到来。 3、欧洲央行7月暂停降息使存款机制利率维持2%。欧元区(德国)7(8)月消费者物价指数CPI年率为 2%(2.2%)高于预期但持平前值(高于预期和前值)，但因欧元区与德法8月制造业PMI为50.5/49.9/49.9均高 于预期和前值，使欧洲央 ...

投资咨询业务资格：证监许可【2011】1778 号 有色金属 姓名：龙奥明 宝城期货投资咨询部 从业资格证号：F3035632 投资咨询证号：Z0014648 电话：0571-87006873 邮箱：longaoming@bcqhgs.com 作者声明 本人具有中国期货业协会授 予的期货从业资格证书，期货投 资咨询资格证书，本人承诺以勤 勉的职业态度，独立、客观地出 具本报告。本报告清晰准确地反 映了本人的研究观点。本人不会 因本报告中的具体推荐意见或观 点而直接或间接接收到任何形式 的报酬。 铜铝 | 周报 2025 年 9 月 1 日 铜铝周报 专业研究·创造价值 宏观回暖，旺季临近，有色呈上行态势 核心观点 铜：内外宏观回暖，产业进入旺季，铜价或维持强势 上周沪铜整体呈现震荡上行态势，持仓量和振幅均有所上升。沪 铜主力期价逼近 8 万关口，对应伦铜逼近 1 万美元关口。宏观层面， 8 月 22 日美联储主席鲍威尔在杰克逊霍尔会议上发言偏鸽后，市场降 息预期升温，风险偏好明显上升，美元指数弱势运行，铜价呈现上涨 态势。产业层面，国内产业旺季临近，电解铜社库呈现去化，给予铜 价支撑。海外欧美 8 月制造业 ...

Market Overview - The average daily trading volume in the market was approximately 29,831 billion yuan, with growth stocks outperforming value stocks, and large-cap stocks beating small-cap stocks [1] - Leverage capital increased, with a cumulative addition of 888.60 billion yuan in the first four days of the week, maintaining a financing balance at 2.24 trillion yuan [1] - Overall market trading sentiment remains strong [1] Macro Analysis - The absolute level of the PMI in August is low, and the month-on-month change is weaker than seasonal trends, indicating that policies aimed at reducing internal competition have yet to show significant economic impact [3][4] - The manufacturing PMI rose by 0.1 percentage points to 49.4%, with production, new orders, and raw material inventory all increasing, while the supplier delivery time increased and the employment index decreased [4] - The construction PMI fell significantly to 49.1%, while the service PMI rose to 50.5%, although both remain at low levels historically [4] Investment Strategy - The current market sentiment is still strong, with financing funds flowing primarily into the technology growth sector, which is a key driver of the structural market [7] - Short-term investment focus should be on sectors benefiting from the expected interest rate cuts by the Federal Reserve, such as non-ferrous metals and solid-state batteries, while the technology growth sector is recognized as a core direction for the medium term [7][9] - The AI sector is approaching a potential peak, with expectations for continued performance in the fifth wave of market activity [8] Sector-Specific Insights - The innovative drug sector's expectations remain intact, but short-term consolidation is uncertain, requiring patience for industry information to develop [9] - The military industry shows healthy trends, with no significant acceleration in trading related to the upcoming military parade, suggesting continued monitoring of post-parade performance [9]

Group 1 - The core viewpoint of the article highlights a significant rise in China's A-share precious metals sector, which increased by over 8% on the first trading day of September, outperforming all other industry sectors [1] - The precious metals sector, represented by gold, saw an increase of 8.82%, with all listed precious metal stocks in A-shares experiencing gains, including notable stocks like Zhongjin Gold, Hunan Gold, and Western Gold, which hit the daily limit of approximately 10% [1] - The rise in international gold prices is attributed to increasing expectations of a Federal Reserve interest rate cut and concerns regarding the independence of the Federal Reserve, which has positively impacted the precious metals sector [1] Group 2 - On the same trading day, all three major A-share indices rose, with the Shanghai Composite Index closing at 3875 points, up 0.46%, the Shenzhen Component Index at 12828 points, up 1.05%, and the ChiNext Index at 2956 points, up 2.29% [1] - The total trading volume in the Shanghai and Shenzhen markets was approximately 27.5 billion RMB, which is a decrease of about 48.3 billion RMB compared to the previous trading day [1]

今日Ultima Markets为您带来了 2025年9月1日的黄金深入分析。 · 黄金价格攀升至3400美元以上，创下新的月度高点。 · 技术前景表明看涨偏向依然存在。 · 美国经济日历将提供关键数据发布，这可能会影响上升趋势。 黄金（XAU/USD）保持了其看涨势头，攀升至自7月底以来的最高水平，超过3400美元。即将发布的美 国宏观经济数据，如商业活动和就业数据，可能会影响市场对美联储（Fed）政策前景的定价，并推动 XAU/USD的短期走势。 黄金受益于鸽派美联储预期和升级的地缘政治紧张局势 美国金融市场将在周一因劳动节假期而关闭。周二，供应管理协会（ISM）将发布制造业采购经理人指 数（PMI）数据。预计8月份的PMI将略微改善，从7月份的48上升至48.6。若读数超过50，可能会支持 美元并对XAU/USD产生直接影响。 周四，ADP就业变化和ISM服务业PMI将出现在美国经济日历中。市场对这些数据发布的反应可能会直 接且短暂，投资者在周五的关键就业报告之前将避免大规模建仓。 根据CME美联储观察工具，市场目前预计美联储在9月份降息25个基点的概率接近85%。这种市场定位 表明，即使8月份的非农就 ...

Group 1: Gold Market Analysis - The current gold price has risen over 1% to reach $3489, marking a new high since April 22, and is approaching the critical $3500 level [2] - The surge in gold prices is attributed to multiple factors, primarily the increasing market expectations for a Federal Reserve interest rate cut [2][3] - The recent upward trend in gold is supported by geopolitical tensions and signals from Federal Reserve Chairman Powell regarding potential rate cuts [3][5] Group 2: Technical Analysis of Gold - Gold has shown a strong upward movement, breaking through key resistance levels of $3420-30, $3440, and $3452, with a target of $3500 [5] - The current support level is identified at $3440, and as long as this level holds, the upward trend is expected to continue [5] - If gold surpasses $3500, investors should monitor the next resistance levels at $3530 and $3580, which could also serve as potential reversal points [5] Group 3: Oil Market Analysis - International oil prices are stable, with Brent crude at $67.36 and WTI at $63.88, amid a quiet trading session due to a U.S. bank holiday [6] - The ongoing Russia-Ukraine conflict has led to disruptions in Russian oil exports, with weekly shipments dropping to a four-week low of 2.72 million barrels per day [6] - The oil market is currently experiencing a tug-of-war between geopolitical support and downward pressure from record U.S. production and weak economic conditions in Asia [6] Group 4: Technical Analysis of Oil - The oil market is showing a narrow trading range with a downward bias, as indicated by the MACD indicator suggesting weakening downward momentum [7] - Short-term oil price movements are expected to remain within a range of $65.70 to $63.00, with a focus on potential rebounds and corrections [7] - The recommended trading strategy is to buy on dips and sell on rebounds, with key resistance at $66.0-67.0 and support at $63.0-62.0 [7]

作者 | 第一财经 齐琦 封图 | AI生成 降息预期升温给予金价支撑，9月1日，国际金价高开高走，盘中冲上3557.1美元/盎司，再次刷新历 史高位。 2025.09. 01 本文字数：1884，阅读时长大约3分钟 国内期货市场上，沪金主力合约跟随大涨，盘中突破802元/克，一日涨超16元/克。消费端，周大 福、老凤祥今日零售金饰报价分别为1027元/克、1025元/克，较上周五分别上调12元~14元/克。社交 平台上，"看中的60克金镯一夜之间贵了近1000元"社交网络上一位消费者发布动态称。 谁在点火？ 对于这轮黄金价格大涨，美国银行分析师指出，除了美联储降息预期强化推高了国际金价，近期美联 储理事被免职风波削弱市场对美元资产信心，避险资金涌入对金价形成支撑。 "具体看来，近日在杰克逊霍尔全球央行年会上，鲍威尔发言明显转鸽，讲话市场对于9月降息预期 迅速升高。" 永赢黄金股ETF基金经理刘庭宇对第一财经分析称，本次鲍威尔的发言被视为为9月重 启降息打开大门，黄金价格在消化了前期美国经济数据反弹和关税冲突缓和带来的利空后，开始再度 受降息驱动上行。 宏观面上，当地时间8月29日，美国公布的最新通胀数据显示 ...