王爷说财经讯：继续疯涨！你敢信吗？国际金价又双叒叕创历史新高了！ 2026年1月15日消息，1月14 日，现货黄金价格正式突破4630美元/盎司，较开年涨幅已达6%，日内最高触及4636美元/盎司。 更直观的是，咱们身边的金饰价格也同步飙升，周大福、老凤祥等主流品牌金饰价格全线上探1430元/克高位，周生生甚至涨到了1438元/克。 那么这轮金价疯涨到底是怎么回事？背后藏着哪些推手？牛市还能持续多久？普通人该不该跟风上车？咱们一一说清楚。 监管层集体"降温"，反而让市场更疑惑：这轮金价牛市的底气到底在哪？ 01、黄金再创新高！ 先把时间线理明白，这轮金价上涨可不是突然爆发的。 2026年开年以来，金价就开启了"开挂模式"，从4300美元/盎司附近一路冲高，1月12日首次突破4630美元/盎司，短短两天后就再次刷新纪录。 值得注意的是，面对持续升温的市场，国内外交易所和银行已经开始密集出手降温，芝加哥商品交易所近一个月内第四次调整黄金期货保证金比例，上海 黄金交易所不到一个月三次发布风险预警，工商银行更是把积存金业务风险等级上调至平衡型。 02、黄金疯涨的原因为何？ 其实金价大涨的核心原因就三个，咱们用大白话讲 ...

受国际金价上涨影响，土耳其实物黄金需求明显降温。官方数据显示，2025年土耳其国家造币厂用于金 币铸造的黄金用量约为49.7吨，同比下降38.3%，低于2024年的80.6吨，创下自2021年以来的最低水 平。 除用金量下降外，金币铸造数量亦显著回落。2025年金币产量为1318万枚，较2024年减少43.6%。 业内人士指出，去年全球金价大幅走高，显著抑制了实物黄金的整体购买需求。同时，尽管黄金在土耳 其高通胀环境下具备良好的保值属性，但金价攀升对将小面额金币用于储蓄或赠礼的家庭消费者造成直 接影响。 土耳其长期以来是全球家庭黄金储蓄的重要市场之一，当前高企的价格正在促使消费者对新增购买持谨 慎态度。数据显示，2025年按里拉计价的每克黄金价格上涨101.75%，升至6240里拉（约合145.28美 元）。 资讯编辑：王芳琴 021-66896877 资讯监督：乐卫扬 021-26093827 资讯投诉：陈跃进 021-26093100 免责声明：Mysteel发布的原创及转载内容，仅供客户参考，不作为决策建议。原创内容版权归Mysteel所有，转载需取得Mysteel书面授 权，且Mysteel保留对任何 ...

数据显示，截至本周三，华安黄金ETF的最新流通规模达1007.62亿元，成为国内首只规模突破千亿的 黄金ETF，同样也稳居亚洲最大规模黄金ETF之位。展望2026年，多家公募基金认为，在美联储降息周 期持续、海外不确定性加剧、全球去美元化趋势下，金价上涨的逻辑依然存在。 国泰基金认为，从中 长期来看，在货币超发及财政赤字货币化背景下，美元信用体系受到挑战；加上全球地缘动荡频发推动 资产储备多元化，黄金作为安全资产的需求持续提升，全球"去美元化"的趋势使得黄金有望成为新一轮 定价锚，贵金属有望具备上行动能。 ...

Core Viewpoint - Hunan Gold has announced a major asset restructuring plan to acquire 100% equity of Hunan Gold Tianyue Mining Co., Ltd. and Hunan Zhongnan Gold Smelting Co., Ltd. from its controlling shareholder, Hunan Gold Group, which has attracted significant attention in the capital market [3][12] Group 1: Asset Acquisition Details - The acquisition is part of Hunan Gold's resource integration strategy and coincides with a surge in gold prices, which have surpassed $4,600 per ounce [3][12] - The targeted assets include large gold mining resources and core smelting capacities, with the transaction still in the planning stage [4][12] - Hunan Gold Group holds a 51% stake in Tianyue Mining, while Zhongnan Smelting is 100% controlled by Hunan Gold Group [4][13] Group 2: Financial Performance - Hunan Gold's revenue for 2022, 2023, and 2024 is projected to be CNY 21.04 billion, CNY 23.30 billion, and CNY 27.84 billion, respectively, with net profits of CNY 440 million, CNY 489 million, and CNY 847 million [7][16] - In the first three quarters of 2025, the company reported revenues of CNY 41.19 billion and net profits of CNY 1.03 billion, reflecting year-on-year growth of 96.26% and 54.28% [7][16] Group 3: Market Context and Expectations - The timing of the acquisition aligns with a bullish cycle in the global gold market, with gold prices increasing by 50% in 2025 [8][17] - Analysts predict that gold prices may exceed $5,100 per ounce by the end of 2026, driven by strong demand from central banks and favorable economic conditions [9][18] - The acquisition is seen as a strategic move to enhance Hunan Gold's resource reserves and operational efficiency, potentially increasing its market share and profitability [10][19]

Core Viewpoint - Hunan Gold has announced a major asset restructuring plan to acquire 100% equity of Tianyue Mining and Zhongnan Smelting, which has attracted significant attention in the capital market. The stock is suspended for up to 10 trading days, coinciding with a surge in gold prices, which have surpassed $4,600 per ounce [2][3]. Group 1: Asset Acquisition Details - The acquisition involves Tianyue Mining, established in June 2021 with a registered capital of 800 million yuan, and Zhongnan Smelting, founded in 2006 with a registered capital exceeding 800 million yuan, both of which are controlled by Hunan Gold Group [4]. - The transaction is expected to constitute a major asset restructuring and related party transaction, as Hunan Gold Group is the controlling shareholder of Hunan Gold [4]. - The parties involved have signed a letter of intent for the equity acquisition, with specific details regarding transaction price and performance compensation still under discussion [4]. Group 2: Financial Performance - Hunan Gold's revenue for 2022, 2023, and 2024 is projected to be 21.041 billion yuan, 23.303 billion yuan, and 27.839 billion yuan, respectively, with net profits of 440 million yuan, 489 million yuan, and 847 million yuan [7]. - In the first three quarters of 2025, the company reported revenues of 41.194 billion yuan and net profits of 1.029 billion yuan, reflecting year-on-year growth of 96.26% and 54.28%, respectively [7]. - The company's cash flow from operating activities for the same periods shows a net cash flow of 1.236 billion yuan, 999 million yuan, 889 million yuan, and 769 million yuan, with cash reserves reaching 1.408 billion yuan by the end of Q3 2025 [7]. Group 3: Market Context and Strategic Implications - The timing of the asset restructuring aligns with a bullish cycle in the global gold market, with gold prices increasing by 50% in 2025 and expected to rise further in 2026 [9]. - Analysts predict that the acquisition will significantly enhance Hunan Gold's resource reserves and operational efficiency, optimizing production processes and reducing costs [10]. - The restructuring is seen as a strategic move to strengthen market competitiveness, increase bargaining power with upstream and downstream enterprises, and enhance overall profitability [10].

Core Viewpoint - The gold industry is experiencing significant growth in projected earnings for 2025, driven by a substantial increase in gold prices and robust demand from global central banks [1] Group 1: Company Earnings Projections - Chifeng Jilong Gold Mining expects a net profit attributable to shareholders of 3 billion to 3.2 billion yuan for 2025, representing a year-on-year increase of 70% to 81%. The growth is attributed to an expected gold production of approximately 14.4 tons and a 49% rise in sales prices [2] - Zijin Mining anticipates a net profit of 51 billion to 52 billion yuan for 2025, reflecting a year-on-year growth of 59% to 62%. This increase is driven by higher production and sales prices across its main mineral products, including gold, copper, and silver [2] Group 2: Future Gold Price Outlook - Major institutions remain bullish on gold prices, with Goldman Sachs predicting prices will reach around $4,900 per ounce by the end of 2026, supported by strong central bank demand and potential Federal Reserve rate cuts [4] - JPMorgan forecasts that gold prices could rise to $5,055 per ounce in Q4 2026, with the possibility of reaching $6,000 per ounce, citing a clear long-term trend of gold accumulation by central banks and investors [4] - ICBC Credit Suisse highlights that gold will benefit from global multipolarity and a reshaping of credit dynamics, which will likely increase gold's share in foreign exchange reserves [4] Group 3: Central Bank Gold Purchases - According to the World Gold Council, global central banks purchased a net total of 45 tons of gold in November 2025, maintaining a high level of demand despite a slight decrease from October [5] - From the beginning of 2025 to the end of November, central banks reported a cumulative net purchase of 297 tons of gold, indicating a steady demand despite a slowdown in growth compared to previous years [5]

Group 1: Company Performance Forecasts - Chifeng Jilong Gold Mining Co. expects a net profit attributable to shareholders of 3 billion to 3.2 billion yuan for 2025, representing a year-on-year increase of 70% to 81% [1] - Zijin Mining Group anticipates a net profit attributable to shareholders of 51 billion to 52 billion yuan for 2025, reflecting a year-on-year growth of 59% to 62% [2] - Both companies attribute their profit growth to increased production and rising prices of gold and other minerals [1][2] Group 2: Gold Price Outlook - Major institutions remain bullish on gold prices, with Goldman Sachs predicting prices will reach approximately $4,900 per ounce by the end of 2026 [3] - JPMorgan forecasts that gold prices could rise to $5,055 per ounce in Q4 2026, potentially reaching $6,000 per ounce [3] - ICBC Credit Suisse highlights that gold will benefit from global multipolarity and a reshaping of credit structures, which will enhance gold's role in foreign exchange reserves [3] Group 3: Central Bank Gold Purchases - In November 2025, global central banks net purchased 45 tons of gold, maintaining a high level of demand despite a slight decrease from October [4] - From the beginning of 2025 to the end of November, central banks reported a cumulative net purchase of 297 tons of gold [4] - The World Gold Council indicates that while the growth rate of net purchases has slowed compared to previous years, the overall demand for gold from central banks remains robust [4]

Group 1 - The core viewpoint of the article is that international gold prices have increased by approximately 6% this year, with HSBC predicting that gold could reach $5,000 per ounce by the first half of 2026 due to ongoing upward momentum [1] - Factors supporting gold prices include increased demand for safe-haven assets, a weakening dollar, and policy uncertainties, alongside expanding fiscal deficits in multiple countries that stimulate gold allocation demand [1] - The silver market is experiencing significant supply tightness, leading to a notable increase in silver prices, which have risen over 17% this year, outperforming gold prices [1] Group 2 - Market analysis indicates that the current shortage in silver supply is unlikely to be alleviated in the short term, leading to expectations of continued upward momentum in silver prices [1]

来源：张尧浠 具体走势上，金价自亚市高开至4516.02美元/盎司，先行录得日内低点4512.88美元，之后反弹攀升，虽至8点半时段触及4600美元关口，有所遇阻回撤近 40美金，但整体依然保持震荡上行，并延续到美盘时段，突破关口，进一步录得日内高点4629.86美元，最终遇阻回撤，收于4597.28美元，相对于上周五 收盘价4509.95美元，日振幅119.91美元，收涨87.33美元，涨幅1.94% 展望今日周二(1月13日)：国际黄金开盘延续隔夜尾盘回撤动力，早盘有所走弱，加上美元指数延续昨日的触底回升，早盘有所偏强，也限制了金价多 头。但金价也仍具进一步上涨动力。 同时，日内还将受到美国12月未季调核心CPI年率的预期走高，而多头反弹受限，不过CPI的升高也会带动金价的商品属性，使其反弹，故此，如晚间公 布的CPI整体下降，将会提升降息前景，金价直接再度走强，如果高于前值或者是预期，金价则是先跌后涨，整体上，无论什么结果，操作都是逢低做多 为主。 张尧浠：金价再刷历史高点、后市前景仍具上涨空间 上交易日周一(1月12日)：国际黄金受到周末地缘局势加剧，以及特朗普政府对美联储主席鲍威尔展开刑事调查的不确 ...

Core Viewpoint - Nearly 20 Hong Kong-listed companies have announced their performance forecasts for the year ending December 31, 2025, with 11 companies expecting profit increases, 2 companies anticipating reduced losses, and 1 company projecting a turnaround to profitability [1] Group 1: Gold Mining Sector - Gold mining companies are showing strong performance, driven by rising gold prices and increased production capacity [2] - Lingbao Gold expects a net profit of 1.503 billion to 1.573 billion RMB for 2025, representing a year-on-year growth of 115% to 125%, attributed to optimized production and increased gold output [2] - Zijin Mining International anticipates a net profit of 1.5 billion to 1.6 billion USD for 2025, with a growth of 212% to 233%, driven by higher gold sales prices and profitable acquisitions [2] - Zijin Mining's parent company, Zijin Mining Group, forecasts a net profit of 51 billion to 52 billion RMB for 2025, reflecting a growth of 59% to 62% [3] - Chifeng Jilong Gold expects a net profit of 3 billion to 3.2 billion RMB for 2025, with a growth of 70% to 81%, due to increased gold production and higher sales prices [3] - Multiple gold mining companies are benefiting from a rising gold price cycle, achieving both volume and price increases [4] Group 2: Biopharmaceutical and Consumer Sectors - The biopharmaceutical and consumer sectors also have companies projecting strong performance for 2025 [5] - WuXi AppTec expects an adjusted net profit of 14.957 billion RMB for 2025, a year-on-year increase of approximately 41.33%, driven by its integrated CRDMO business model [5] - Biotech company Baidu Bio expects a non-GAAP net profit of approximately 80.273 million RMB for 2025, reflecting a growth of about 249.50%, supported by strong R&D capabilities and market expansion [5] - Yadea Holdings anticipates a net profit of no less than 2.9 billion RMB for 2025, doubling from 1.27 billion RMB in 2024, due to increased sales of electric two-wheelers [5] Group 3: Operational Efficiency and Growth - Many Hong Kong-listed companies are achieving performance growth through improved operational efficiency and increased product sales [7] - China Shipbuilding Defense expects a net profit of 940 million to 1.12 billion RMB for 2025, with a growth of 149.61% to 196.88%, driven by increased revenue and improved production efficiency [7] - Kinglong Permanent Magnet anticipates a net profit of 660 million to 760 million RMB for 2025, reflecting a growth of 127% to 161%, due to record high production and sales [7] - Sanhua Intelligent Controls expects a net profit of 3.874 billion to 4.649 billion RMB for 2025, with a growth of 25% to 50%, supported by its leading position in the automotive thermal management sector [8]