热点栏目 自选股 数据中心 行情中心 资金流向 模拟交易 客户端 股指： （王东灜，从业资格号：F03087149；交易咨询资格号：Z0019537） 昨日，A股市场继续震荡，Wind全A下跌0.58%，成交额2.8万亿元。中证1000指数下跌1%，中证500指 数下跌0.48%，沪深300指数下跌0.33%，上证50指数下跌0.17%。近期各部位密集出台经济调控政策， 对指数形成基本面支撑。近日，发改委召开国新办发布会，表示：（1）研究设立国家级并购基金 加强 政府投资、基金布局规划；（2）综合整治"内卷式"竞争，将进一步规范地方经济促进行为；（3）正在 谋划推进一批"十五五"时期高技术产业标志性引领性重大工程等内容。上周，央行将下调各类结构性货 币政策工具利率25BP。结构性货币政策工具以定向支持社会特定融资需求为主，科技创新、普惠养 老、碳减排等近期股市热点题材均涵盖其中。本次降息体现了央行在保持总量稳定的基础上，对于特定 领域的进一步资金支持，在本轮流动性牛市中，有助于引导资金进入相关板块，推升板块估值。长期来 看，有助于相关板块降低融资成本，提升资本开始，实施更加积极的发展战略。此前，沪深交易所发布 ...

中辉有色观点 | 品种 | 核心观点 | 主要逻辑 | | --- | --- | --- | | 黄金 | | 特朗普政府与欧洲地缘问题持续，欧洲各国或抛售美债反制，美国最高院开审库克 | | | 长线持有 | 案，地缘溢价交易继续，流动性风险偏好尚可，短期强势。中长期，地缘秩序重塑， | | ★★ | | 不确定性持续存在，央行继续买黄金，长期战略配置价值不变。 | | | | 白银自身逻辑让位于黄金带来的避险属性，短期白银未被征收关税叠加交易所调保 | | 白银 | 长期持有 | 或会带来调整，但全年来看交割交易等持续，注意节奏控制。长期降息、供需缺口 | | ★★ | | | | | 连续 | 5 年，全球大财政均对白银长期有利，长期滚动做多逻辑不变。 | | | | 欧洲抛美债、日债押注黄金，金融市场或酝酿风暴，消费淡季铜累库明显，隔夜铜 | | 铜 | 长线持有 | 承压回落，失守 10 万关口，建议多单移动止盈落袋，新入场等待充分回调，中长期 | | ★ | | 对铜依旧看好。 | | | | 宏观多空交织，消费淡季高锌价对需求抑制作用明显，叠加宏观和板块情绪退潮， | | 锌 | 承压回落 | ...

Group 1 - The core viewpoint of the articles highlights the rising demand for gold as a safe-haven asset due to trade tensions between the U.S. and Europe, alongside expectations of interest rate cuts by the Federal Reserve and a stable macroeconomic environment in China, which collectively drive up precious metal prices [1] - COMEX gold futures increased by 1.98% to $4,769.10 per ounce, while COMEX silver futures rose by 0.19% to $94.46 per ounce, indicating a significant uptick in precious metal prices amid geopolitical risks [1] - Analysts suggest that in an era of rising geopolitical risks and resource nationalism, gold is viewed as an ideal investment choice for risk-averse investors [1] Group 2 - For investors aged 50 and above, it is recommended to allocate 5% to 10% of total assets to gold, balancing diversification and growth potential while providing meaningful protection against inflation and market volatility [1][4] - Practical guidelines for older investors include adjusting gold allocations based on personal financial situations and risk tolerance, with annual reviews suggested to ensure appropriate asset distribution [4]

Group 1 - The 2026 World Economic Forum will take place in Davos, Switzerland, from January 19-23, with heightened security measures due to the attendance of global leaders, including U.S. President Trump and other G7 leaders [3][5][10] - The main topics of concern among attendees include Trump and geopolitical issues, reflecting a complex geopolitical backdrop that is unprecedented for the forum [9][10] - The Global Risks Report 2026 highlights that the most pressing risks for the next two years are "geoeconomic confrontation" and the potential for full-scale wars between nations [13] Group 2 - There is a growing acceptance of "division as the new normal," with technology emerging as a universal language, particularly in the context of AI and robotics, which are gaining attention at the forum [15][16] - Attendees from different regions exhibit varying concerns, with Europeans focused on trade deficits with China, while Americans show a pragmatic curiosity about China's advancements in technology, especially in electric vehicles and AI [19][20] - The presence of Chinese entrepreneurs in the U.S. innovation ecosystem is increasing, particularly in AI, showcasing a competitive advantage and a collective emergence in the field [20]

责任编辑：王永生 黄金在亚洲早盘交易中盘整，但可能面临技术性回调，此前金价在隔夜市场飙升至纪录新高。不过，在 美国总统特朗普表示他将在达沃斯与多方就格陵兰岛问题举行会议后，市场情绪谨慎，金价的任何跌幅 都可能有限。与此同时，欧盟外交事务负责人卡拉斯表示，特朗普威胁对一些欧洲国家征收关税以迫使 丹麦出售格陵兰岛的做法不会奏效。Kudotrade的Konstantinos Chrysikos在一封电子邮件中称，更广泛的 地缘政治背景仍然对黄金构成支撑。他补充说，美国与欧洲之间、东欧以及中东地区都存在紧张关系。 现货黄金基本持平，报每盎司4，762.92美元。 新浪合作大平台期货开户 安全快捷有保障 新浪合作大平台期货开户 安全快捷有保障 责任编辑：王永生 黄金在亚洲早盘交易中盘整，但可能面临技术性回调，此前金价在隔夜市场飙升至纪录新高。不过，在 美国总统特朗普表示他将在达沃斯与多方就格陵兰岛问题举行会议后，市场情绪谨慎，金价的任何跌幅 都可能有限。与此同时，欧盟外交事务负责人卡拉斯表示，特朗普威胁对一些欧洲国家征收关税以迫使 丹麦出售格陵兰岛的做法不会奏效。Kudotrade的Konstantinos Chrys ...

另据CCTV国际时讯，当地时间今天（1月20日）凌晨，特朗普搭乘专机从佛罗里达州返回华盛顿途中，在其社交平台"真实社交"上发图，暗示吞并丹麦 自治领地格陵兰岛。 欧美股市集体大跌。 当地时间1月20日，美股三大股指集体低开，截至发稿，道指跌1.26%，纳指跌1.67%，标普500指数跌1.35%。 | 名称 | 现价 | 涨跌幅▶ | | --- | --- | --- | | 道琼斯工业平均 | 48736.82 | -1.26% | | DJI.GI | | | | 纳斯达克指数 | 23123.68 | -1.67% | | IXIC.GI | | | | 标普500 | 6846.55 | -1.35% | | SPX.GI | | | 美股大型科技股全线下跌，截至发稿，英伟达、博通跌超3%，谷歌A、微软、亚马逊、Meta、特斯拉跌超2%，苹果、台积电小幅下跌。 当天，欧洲主要股指亦大跌。截至发稿，英国富时100指数、法国CAC40指数、德国DAX指数、意大利MIB指数均跌超1%。 消息面上，美国与欧洲在"控制格陵兰岛"问题上的对峙仍没有任何缓和迹象。 据央视新闻，当地时间1月20日，美国总统特朗普再 ...

The U.S. dollar was weakening Tuesday, after President Donald Trump's efforts to buy Greenland intensified with threats of tariffs on European countries seen stepping up against his push to exert control over the Danish territory. But some analysts anticipate the geopolitical dispute may wind up being a bigger problem for the euro, even if the currency of the European trading bloc was up against the dollar on Tuesday. "Greenland is a much bigger problem for Europe and the euro in an extreme scenario of a me ...

Core Viewpoint - The EU's response to US tariff threats and Greenland issues emphasizes that tariffs will impoverish both Europe and the US, undermining mutual prosperity [1] Group 1: EU's Position on Tariffs - The EU must respond calmly, firmly, and with unity to the US tariff threats [1] - Tariffs are viewed as detrimental to both parties, leading to a call for a united front [1] Group 2: Territorial Integrity and Geopolitical Concerns - The EU asserts that no country has the right to take over another's territory, specifically referencing Greenland [1] - There is an acknowledgment of increasing geopolitical tensions and economic competition in the Arctic region [1] Group 3: NATO's Role and EU's Stance - The EU indicates that NATO has appropriate mechanisms to address security concerns regarding Greenland [1] - The EU aims to maintain its position without provoking conflict, emphasizing the importance of solidarity [1]

Core Viewpoint - The article discusses the recent increase in domestic fuel prices in China, driven by geopolitical tensions and supply-demand dynamics in the global oil market [2][3]. Price Adjustment - The National Development and Reform Commission announced an increase of 85 yuan per ton for gasoline and diesel, effective from January 20, 2026, marking the first price adjustment of the year [2]. - This translates to an increase of 0.06 yuan per liter for 92-octane gasoline, 0.07 yuan per liter for 95-octane gasoline, and 0.07 yuan per liter for 0 diesel [2]. Geopolitical Factors - International oil prices have been influenced by geopolitical events, including escalating protests in Iran and strong U.S. sanctions, raising concerns about potential reductions in Iranian oil supply [2]. - Additionally, incidents involving Russian oil tankers have contributed to uncertainties regarding Russian oil supply [3]. Supply and Demand Outlook - The OPEC+ group has decided to maintain its production levels, with an increase in production targets by approximately 2.9 million barrels per day planned for late 2025, which is nearly 3% of global oil demand [4]. - The International Energy Agency (IEA) projects a potential oversupply of 3.84 million barrels per day in 2026, amid weak global oil demand forecasts [5]. Future Price Trends - Analysts suggest that the likelihood of further price increases in refined oil products is high, given the current geopolitical uncertainties and the potential for increased fuel demand due to cold weather in the Northern Hemisphere [5]. - The overall expectation is for oil prices to experience volatility, with a potential downward adjustment in the medium to long term as OPEC+ production increases are realized [5].

尽管法国预算仍存在不确定性，法国总统埃马纽埃尔.马克龙上周仍呼吁增加军费开支，以应对日益增 长的全球威胁。马克龙在1月15日表示，申请的资金将在2030年前为法国军队的"规模转型"提供360亿欧 元(420亿美元)的额外资源。 据法国媒体今日早些时候报道，雷诺将指派其位于克里昂和勒芒的工厂参与该项目。雷诺在声明中表 示，目前无法详细说明哪些法国工厂将参与无人机项目，因为必须首先咨询工会。 这家生产雷诺5(R5)和风景(Scenic)等热门车型的汽车制造商，将与法国航空航天及国防承包商杜尔吉斯- 加雅尔(Turgis Gaillard)合作，而该无人机项目将由法国国防部监督。 法国汽车制造商雷诺汽车(RNLSY.US)正致力于推进协助国家国防事业的计划。当前，随着欧洲寻求应 对美国在格陵兰岛问题上发出的威胁，地缘政治局势日益紧张。 该公司周一晚间在的一份电子邮件声明中表示，"受法国武装部队部接洽，雷诺集团受邀为法国无人机 产业的发展贡献其专业知识。" ...