那中长线投资者该怎么布局呢？帮主给大家三个实在的思路。第一，别追高，要"逢低布局"。短期金价 波动的时候，咱们沉住气，等回调到合理区间再分批买入，既降低成本，又能避免短期波动的风险。第 二，把黄金当"资产安全垫"，别重仓押注。黄金的核心价值是避险和抗通胀，适合作为资产组合里的配 置部分，平衡股票、基金这些风险资产的波动，而不是把所有钱都投进去赌5000美元的目标。第三，紧 盯核心逻辑，不被短期噪音干扰。只要矿产供应紧张、库存低迷、政策支撑这些核心因素没变，黄金的 长期趋势就值得看好；如果这些逻辑发生变化，咱们也得及时调整策略。 帮主做了20年财经记者，见过太多市场上的重磅预测，有的实现了，有的没达标。关键不是迷信预测数 字，而是看懂背后的基本面逻辑。黄金这波上涨有实实在在的供需和政策支撑，长期趋势值得关注，但 中长线投资拼的是耐心和理性，不是一时的冲动。 先说说美国银行这个预测的核心逻辑，可不是随便喊的。以迈克尔·维德默为首的策略师团队分析得很 明白，现在黄金虽然看着有点"超买"，但其实还处于"投资不足"的状态，而且美国那波不太寻常的经济 政策，给金价提供了实打实的支撑。他们还说了，明年黄金均价就能到4538 ...

Group 1 - The A-share market opened higher on November 25, with the CSI A500 index rising over 1% [1] - Among the constituent stocks, Huadian Co. hit the daily limit, while Giant Network, Fangda Carbon, Feilihua, and Kying Network saw significant gains [2] - The CSI A500 ETF Tianhong (159360) recorded a trading volume exceeding 20 million yuan and experienced a net subscription of 6 million units during the day, indicating active trading [2] Group 2 - The CSI A500 ETF Tianhong has seen a net inflow of over 21 million yuan over the past four days, reflecting strong investor interest [2] - The Shanghai Gold ETF (159830) rose by 1.69%, marking its second consecutive day of gains, with a year-to-date net inflow of 1.351 billion yuan, the highest among similar products in the Shenzhen market [2] - The management fee for the Shanghai Gold ETF is 0.25%, and the fund custody fee is 0.05%, both lower than the average for similar products, and it supports T+0 trading [3] Group 3 - Bank of America predicts that gold prices could reach $5,000 per ounce by 2026, driven by ongoing factors behind the recent surge in gold prices [3] - Central banks have been significant buyers of gold in recent years, although some may reduce their gold holdings temporarily as their allocations exceed targets [3] - Overall, there is still potential for an increase in the proportion of gold in global central bank reserves [3]

今年以来，黄金成为热门投资方向，资金持续净流入相关ETF。金ETF(159834)最新规模12.65亿元，较 年初增长7.85亿元，增幅达163.5%。 金ETF密切跟踪上海黄金交易所黄金现货实盘合约价格，透明度高而且流动性好，支持T+0日内交易， 场外联接基金（A：018391，C：018392)。 COMEX黄金期货涨1%，报4136美元/盎司。截至发稿，金ETF(159834)涨超1.6%，年内涨幅超51%。 消息面上，美联储官员释放鸽派信号，支持12月降息，增强市场对政策放松预期。 据CME"美联储观 察"：美联储12月降息25个基点的概率为82.9%（昨日为69.4%），维持利率不变的概率为17.1%。 澳新银行研究部分析师报告写道，在央行官员发表偏宽松言论之际，金价受到美联储降息预期的支撑。 此外，地缘政治不确定性及贸易谈判进展提升黄金避险需求。 德邦证券指出，中长期来看，全球债务扩张、去美元化趋势深化、央行持续购金及实际利率下行周期等 核心支撑因素综合叠加，黄金价格上涨的逻辑未发生根本改变，建议继续逢低布局。 ...

11月24日，美联储理事沃勒主张在12月降息，现货黄金拉升。 当地时间11月24日，美股三大指数上涨。美股科技七巨头全部上涨，芯片股多数走强。中国资产多数上涨，纳斯达克中国金龙指数上涨2.82%。大宗商品 方面，国际油价、黄金价格均上涨。 事关黄金，最新风险提示来了！ 11月24日，深圳市委金融委员会办公室发布《关于警惕黄金经营领域非法金融活动的风险提示》（以下简称《风险提示》）。 近期，随着黄金价格波动，一些不法分子和不良企业假借实物黄金交易之名，违规开展"黄金委托""黄金租赁""黄金投资"等业务，涉嫌非法集资、诈骗、 赌博、非法经营等违法行为，扰乱经济金融秩序，严重危害社会公众财产安全。 | 中共深圳市委金融委员会办公室 讲入关怀版 C影响图图 网站支持IPv6】 试运行 】 k 0% 2 | | | | --- | --- | --- | | 中共深圳市委金融工作委员会 | | | | 首页 政务公开 政务服务 互动交流 请输入关键词 ... 深圳市地方 金 融 管 理 局 | 数据开放 | 专题专栏 | | ♀ 首页 > 政务公开 > 工作动态 | | | | 关于警惕黄金经营领域非法金融活动的风险提 ...

◎记者 朱妍 今年以来，金价走势强劲。COMEX黄金价格年内涨幅超50%，国内AU9999金价达每克920元以上，黄 金ETF集体"丰收"，让2025年成为名副其实的"黄金大年"。 黄金"火"了几乎一整年，年末"收官战"的走向备受关注。 然而，在经历了前期的凌厉涨势后，金价近期高位波动，4000美元/盎司关口被多空资金来回争夺。一 边是摩根士丹利等机构喊出每盎司4500美元，甚至更高的目标金价，另一边是美联储降息预期摇摆、地 缘因素反复带来的市场分歧。投资者应该趁势加仓、暂时观望还是落袋为安？"黄金大年"最后的抉择， 正牵动着投资者的心。 "黄金大年"投资体验较佳 2025年，无疑是黄金投资"大年"。 Choice数据显示，截至11月23日，COMEX黄金价格年内涨幅超53%，上海黄金交易所的黄金9999 （AU9999）也从年初的每克600余元，升至924.44元。受此影响，黄金ETF产品水涨船高，年内回报均 超48%，多只产品涨逾70%。 不过，在前期"狂飙"后，近一个月金价陷入调整。其中，COMEX黄金价格区间跌幅为1.31%，振幅达 8.47%，近期重回4000美元/盎司附近。 即便如此，不少黄金投资 ...

最近打开黄金行情软件的人都会发现一个奇怪现象。 国际现货黄金在4063.94美元/盎司附近徘徊，比前一天还微跌了0.35%。 但国内的黄金T D价格却逆势 涨到了932.03元/克，上涨0.49%。 金店价格更是坚挺，周大福、周大生标价1295元/克，老凤祥1305元/克一分不让，建设银行的投资金条也仅小幅回调至 949.60元/克。 这种国际冷国内热的现象并不寻常。 市场看似平静，实则暗流涌动。 11月25日至26日这两天，三个关键事件将同时发酵，可能推动金价走出明确方向。 美 联储最新经济数据即将公布，中东地区紧张局势持续升级，大型机构的资金动向也将趋于明朗。 全球央行购金行为构成了判断金价趋势的基础。 世界黄金协会2025年第二季度报告显示，全球央行增持了166吨黄金。 尽管增速较前期放缓，但在全球经济 不确定性背景下，这一购买规模依然处于历史较高水平。 该报告中，95%的受访央行预计未来12个月内全球黄金储备将继续增长。 地缘政治紧张局势会激发黄金的避险属性。 2022年俄乌冲突爆发后，国际金价在一个月内上涨超过10%。 2023年10月中东局势紧张期间，黄金单日涨幅达 到1.5%。 当前美沙关系深化 ...

【导读】深圳金融委员会提示：警惕黄金经营领域非法金融活动的风险 中国基金报记者 晨曦 事关黄金，最新风险提示来了！ 11月24日，深圳市委金融委员会办公室发布《关于警惕黄金经营领域非法金融活动的风险提 示》（以下简称《风险提示》）。 案例2 ：黄金珠宝经销商C以"黄金租赁"为噱头，诱导消费者签订黄金实物购销合同，消费者 购买黄金后不提取实物，随后与第三方D（与黄金珠宝经销商C业务或股权关联）签订黄金租 赁合同，承诺固定"租金"回报，到期后交还黄金或现金收益。 案例3： 黄金珠宝经销商D非法设立黄金交易App，公开宣传"1万定1公斤""低门槛、低投 入、高回报"等假象，诱导投资者进行黄金线上投资交易。投资者仅需缴纳1万元"保证金"即 可锁定交易1000克黄金（价值85万元），杠杆率可达80倍。如金价下跌1.2%将被强制平 仓，投资者损失所有保证金。 深圳金融委员会指出，我国实行金融业务特许经营制度，任何组织和个人未经国家金融监管 部门依法许可，不得擅自从事金融业务活动。 相关文件已明确规定： ● 期货交易应当在依法设立的期货交易所或者国务院期货监督管理机构依法批准组织开展期 货交易的其他期货交易场所。禁止在期货 ...

Group 1 - The A-share market is experiencing increased volatility as many previously high-performing stocks are undergoing corrections, leading to pressure on investors who entered at higher prices [1] - Despite the volatility, multiple brokerages believe that the A-share bull market is likely to continue into 2026, with a consensus forming around this expectation [1] - Gold is highlighted as a key investment direction, especially with support from international giants, as it may provide a stable asset allocation for investors seeking to avoid market fluctuations [1] Group 2 - Goldman Sachs has raised its gold price target to $4,900 per ounce by the end of 2026, while UBS has also increased its mid-year target to $4,500 per ounce, indicating a significant shift in gold investment logic [1][3] - The underlying logic for the surge in gold prices extends beyond its traditional safe-haven status, as it is increasingly viewed as a super-sovereign currency amid a global trend of "de-dollarization" [3][5] - The share of the US dollar in global central bank foreign exchange reserves has decreased by 4 percentage points from 2018 to 2025, while gold's share has increased by 12 percentage points, indicating a growing preference for gold over the dollar [5] Group 3 - Central banks have been net buyers of gold for several years, with China's central bank increasing its gold reserves for 11 consecutive months, raising gold's share in China's foreign exchange reserves to 8.5% as of September 2025 [7] - The demand for gold is further supported by expectations of a Federal Reserve interest rate cut, which is anticipated to lower real interest rates and enhance gold's attractiveness as an asset [8] - Geopolitical risks, including conflicts and trade tensions, continue to drive demand for gold as a safe-haven asset, contributing to its price strength [8] Group 4 - The strong demand from central banks and gold ETFs is a key reason for the upward revision of gold price targets by major financial institutions, with central bank purchases offsetting the impact of rising interest rates on ETF holdings [9] - Historical data shows that gold prices have significant upside potential, having only increased by 2 times since 2018, compared to previous bull markets where prices surged much higher [9][11] - Emerging market central banks, including China, have gold reserve ratios below the global average, indicating a sustained long-term demand for gold that supports the price target of $4,900 [11] Group 5 - For ordinary investors, gold is recommended as a stable asset in their portfolio, with suggested allocation ratios of 10%-20% based on individual risk preferences [13] - It is advised to prioritize gold ETFs and linked funds for investment due to their lower costs and convenience, with South China Fund being a leading player in the domestic ETF market [14][15] - A strategy of dollar-cost averaging through regular investments in gold is recommended, with a holding period of at least 1-3 years to benefit from long-term price appreciation [16]

Group 1 - UBS expects weak data this week to increase the probability of a Fed rate cut by year-end, which may put pressure on the dollar [1] - UBS forecasts a 15% rise in global stock markets by 2026, driven by AI and technology, with US GDP growth projected at 1.7% [1] - Barclays suggests that Powell may push for a rate cut next month, with a split among Fed officials on the decision [2] - Barclays anticipates the dollar will strengthen until 2026, supported by significant AI capital expenditure in the US [3] Group 2 - ANZ reports that gold prices have retreated but the fundamentals remain strong, with silver outperforming gold [5] - Bank of America expresses caution regarding Japan's economic stimulus plan, predicting limited impact on GDP growth [4][5] - CICC predicts gold prices could rise to $4,500 per ounce by 2026, driven by cyclical demand [6] - CITIC Securities highlights that global risk assets are overly reliant on AI narratives, suggesting potential volatility [7] - CITIC Securities notes that hydrogen energy is expected to gradually enter the industrialization phase under policy support [8] - CITIC Securities identifies three main lines for consumer goods investment, focusing on the food and beverage sector [9] - CITIC Securities believes that the current market is in a "three-phase overlap," indicating a long-term bullish trend [11] - CITIC Securities sees the establishment of a commercial space agency as a significant step for the satellite industry [13]

Core Insights - The gold market in 2025 presents both opportunities and challenges for investors, with geopolitical risks, shifts in Federal Reserve policies, and a global surge in central bank gold purchases enhancing gold's status as a safe-haven asset [1] Group 1: Investment Platforms Comparison - Sina Finance APP scores 9.8 for market coverage, providing millisecond-level real-time data and a unique Level-2 high-speed market system that reduces traditional delays to microseconds, significantly improving information access for short-term traders [2] - WanZhou Gold APP achieves order execution speed of 0.03 seconds with a slippage rate controlled under 0.02%, offering a "smart warning radar" for real-time monitoring of data from 12 major exchanges [2] - Jinrong China APP supports MT4/MT5 trading platforms with an average execution speed of 0.03 seconds and spreads maintained at $0.1 per ounce [2] - Huangyu Precious Metals APP focuses on 24-hour gold night trading and includes a customizable price alert feature [2] - Major bank apps, such as YiJinTong, provide numerous trading indicators and support for custom quick orders and alerts [2] Group 2: Information and Analysis - Sina Finance APP has established a content matrix of "news - in-depth reports - live interpretations," releasing over 200 real-time news items daily, averaging a 15-minute lead over competitors [3] - Lingfeng Precious Metals APP offers 24-hour financial news updates and expert analysis services covering various investment strategies [3] - HanSheng Group APP utilizes blockchain technology for secure transaction data and offers zero-commission policies with 24-hour multilingual customer service [3] - Xinsheng Gold APP includes over 30 technical indicators and 20 drawing tools, supporting custom strategy backtesting [3] Group 3: Trading Experience and Convenience - Sina Finance APP has opened over 1.5 million trading accounts through partnerships with multiple futures companies, achieving a 40% higher account conversion rate compared to independent apps [4] - WanZhou Gold APP features a unique "cloud trading" function that supports condition-triggered automatic orders, ideal for investors unable to monitor markets in real-time [4] - Jinrong China APP lowers the investment threshold with a minimum deposit of $70 and supports mini trading of 0.01 lots, along with an "intelligent following system" to replicate successful traders' strategies [5] - Major bank apps, like YiJinTong, support 24/7 trading and allow users to check market data anytime [5] Group 4: User Interaction and Experience - Sina Finance APP leads the industry with a score of 9.6, allowing users to customize their workspace layout and providing a smart alert system with over 98% accuracy for monitoring price fluctuations and trading volume [6] - Huangyu Precious Metals APP features a well-designed navigation system with clear operational paths and a modular design for easy access to various functionalities [6] - Daitian Global APP supports highly customizable interfaces, enabling users to combine market charts, trading orders, and news modules [6] Group 5: Overall Ratings - As of Q3 2025, Sina Finance APP holds a comprehensive score of 9.56, ranking first among financial investment apps, ahead of competitors like Tonghuashun and Dongfang Caifu [7] - This score is derived from data accuracy, interactive innovation, and ecosystem integration [8] - The app's synchronization across mobile, PC, and web platforms ensures minimal delay in updating position information, enhancing user experience [8]