Group 1: Domestic Gold Market - Domestic gold prices remain stable, with some brands experiencing price increases. Lao Feng Xiang's gold price rose by 2 yuan per gram to 1012 yuan per gram, marking the highest price among gold stores. Shanghai China Gold maintains the lowest price at 969 yuan per gram, resulting in a price difference of 43 yuan per gram between the highest and lowest priced stores [1] - The latest gold prices from various brands on August 26, 2025, show Lao Miao at 1010 yuan per gram (up 3), Liu Fu at 1009 yuan per gram (no change), and Zhou Da Fu at 1009 yuan per gram (no change). Zhou Sheng Sheng's price is 1011 yuan per gram (up 1), while Shanghai China Gold remains at 969 yuan per gram (no change) [1] - Platinum prices are declining, with Zhou Sheng Sheng's platinum jewelry price dropping by 4 yuan per gram to 548 yuan per gram [1] Group 2: Gold Recycling Prices - Today's gold recycling price increased by 1.2 yuan per gram, with significant price differences among brands. The recycling price for gold is 767.10 yuan per gram, while Lao Feng Xiang's recycling price is the highest at 779.90 yuan per gram [2] Group 3: International Gold Market - The spot gold price experienced slight fluctuations, closing at 3365.95 USD per ounce, down 0.17%. As of the latest update, the price has risen to 3375.99 USD per ounce, reflecting a 0.30% increase [4] - Market concerns regarding the independence of the Federal Reserve, following President Trump's dismissal of a board member, have contributed to a rise in gold prices, which reached a high of 3386.27 USD per ounce [4] - Geopolitical tensions, including Iran's plans to reduce uranium enrichment and ongoing issues in the Russia-Ukraine conflict, are influencing gold price movements. Upcoming U.S. economic data releases may also impact gold prices [4]

Core Viewpoint - International gold prices experienced a strong upward trend last week, driven by expectations of interest rate cuts by the Federal Reserve following Chairman Powell's speech at the Jackson Hole Global Central Bank Conference [1][2]. Group 1: Gold Price Movement - During the week of August 18-22, spot gold opened at $3337.81 per ounce, peaked at $3378.75, and closed at $3371.54, marking a weekly increase of $35.81 or 1.07% [1]. - Despite initial pressure on gold prices due to a cooling expectation for a significant rate cut in September, Powell's remarks led to a rebound, reversing the downward trend observed earlier in the week [2]. Group 2: Federal Reserve's Stance - Powell indicated that while there are inflationary risks, the Fed may still consider rate cuts in the coming months, increasing market bets on a September rate cut to 85% from 72% earlier in the week [2]. - The July meeting minutes revealed a split among Fed officials, with most viewing inflation risks as more severe than labor market weaknesses, while a few expressed concerns about the job market [3]. Group 3: Geopolitical Factors - Ongoing geopolitical uncertainties, particularly regarding the Russia-Ukraine conflict, continue to influence market sentiment and gold prices [4][5]. - Recent discussions among U.S. and European leaders have not significantly improved the negotiation outlook, with potential territorial concessions for Ukraine being hinted at [5]. Group 4: Market Sentiment and Positioning - Gold prices have been fluctuating within a high range, with seasonal demand from major Asian markets remaining subdued, although some buying activity was noted ahead of a significant festival in India [6]. - Speculative long positions in gold futures decreased, with a reported reduction of 12,468 contracts to 141,758 contracts as of August 19 [6]. Group 5: Technical Analysis - Technically, gold prices have recovered above the 10, 20, and 30-day moving averages, suggesting potential for further upward movement, although key resistance levels remain at $3400-$3420 and $3453 per ounce [7]. - Support levels are identified at $3360-$3340 and $3320-$3300 per ounce, with a break below these levels indicating potential downside risks [7].

Group 1: Domestic Gold Market - Domestic gold prices remain stable, with notable variations among different brands. For instance, Chow Sang Sang's gold price decreased by 1 yuan per gram to 1006 yuan per gram, while Shanghai China Gold saw a significant drop of 11 yuan per gram to 969 yuan per gram, marking it as the lowest-priced store [1][3]. - The price difference between the highest and lowest gold prices among various stores has widened to 37 yuan per gram [1]. - The latest prices for major brands are as follows: Lao Miao Gold at 1002 yuan per gram, Liufuk Gold at 1006 yuan per gram, and Zhou Dafu Gold at 1006 yuan per gram, all showing no change [1][3]. Group 2: Platinum Market - Platinum prices are on the rise, with Chow Sang Sang's platinum jewelry price increasing by 5 yuan per gram to 548 yuan per gram [4]. - The gold recovery price has slightly decreased by 1 yuan per gram, with significant price differences among brands [4]. Group 3: International Gold Market - The spot gold price opened lower, reaching a low of 3325.08 USD per ounce before closing at 3338.33 USD per ounce, reflecting a decline of 0.29% [6]. - The drop in gold prices is attributed to the release of the U.S. August PMI data, which reached an 8-month high, dampening expectations for a Federal Reserve rate cut and leading to a rise in the dollar index [6]. - Despite the decline, the increase in initial jobless claims in the U.S. suggests a slowdown in the labor market, which may limit further declines in gold prices [6]. - Analysts suggest that if Federal Reserve Chair Powell indicates potential rate cuts in the coming months, it could lead to downward pressure on the dollar and support for gold prices [6].

Core Viewpoint - The gold ETF fund (159937) is experiencing a tug-of-war between bulls and bears, with a recent price of 7.37 yuan and a 12.55% increase over the past six months [1] Group 1: Market Performance - As of August 21, 2025, the gold ETF fund has a turnover rate of 1.35% and a trading volume of 3.81 billion yuan [1] - The fund has seen a net inflow of 221.58 million yuan recently, with a total of 81.55 million yuan net inflow over the last 15 trading days [2] - The fund's net asset value has increased by 80.84% over the past five years, ranking it among the top two comparable funds [2] Group 2: Investment Dynamics - UBS forecasts that the upward trend in gold prices may continue for another year, driven by factors such as persistent inflation in the U.S., below-trend economic growth, and a potential resumption of monetary easing by the Federal Reserve [1] - Eastern Jin Cheng suggests that unexpected inflation data may lead to a cautious stance from the Federal Reserve, which could pressure gold prices in the short term [1] Group 3: Fund Metrics - The fund's Sharpe ratio over the past year is 2.40, indicating strong risk-adjusted returns [3] - The fund has a management fee of 0.50% and a custody fee of 0.10%, with a tracking error of just 0.002% over the past three months, reflecting high tracking precision [5]

Core Viewpoint - The article discusses the recent fluctuations in international gold prices, highlighting the potential for upward movement despite current resistance levels and market uncertainties [1][6]. Price Movement Analysis - On August 21, gold opened at $3349.54 per ounce, reached a high of $3351.92, and then fell to a low of $3325.24 before closing at $3338.43, marking a daily decline of $11.11 or 0.33% [4][5]. - The price movement was influenced by technical resistance, profit-taking, and positive economic data from the U.S., which limited the rebound potential of gold prices [5][6]. Market Influences - The upcoming speech by Federal Reserve Chairman Jerome Powell at the Jackson Hole Economic Symposium is anticipated to maintain a hawkish tone, which could further strengthen the dollar and limit gold's upward momentum [7]. - Despite the hawkish outlook, there are strong expectations for future rate cuts, which may provide support for gold prices in the longer term [7]. Technical Indicators - Gold prices are currently facing resistance at the 60-day moving average and support at the 100-day moving average, indicating a period of consolidation and potential volatility [11]. - Historical patterns suggest that after a period of adjustment, gold prices may trend upward again, with key support levels identified around $3270 and $3200 [9]. Trading Strategy - The recommended trading strategy is to adopt a bullish stance on gold, focusing on buying opportunities near support levels while monitoring resistance levels for potential sell signals [11].

来源：江苏新闻广播 当地时间周二，国际金价下跌，跌至两周多来最低水平。 国内部分品牌金饰克价跌至979元/克 记者注意到，国内部分品牌金饰克价跌至979元/克。截至发稿，周六福足金999价格为979元/克，足金 999.9为989元/克；周生生足金饰品价格为999元/克；老庙、周大福均为1002/克。 截至收盘，纽约商品交易所12月黄金期价收于每盎司3358.7美元，跌幅为0.57%。 | 今日黄金最新价格 | | 单位:元/克 更新时间:08-20 | | --- | --- | --- | | ** 周大福 | 周六福 | 膳 周生生 | | 1002.00 | 979.00 | 999.00 | | 金条价格 992.00 | 金条价格 874.00 | 金条价格 884.00 | | 周大生 | 册 潮宏基 | ■ 六福珠宝 | | 1002.00 | 1002.00 | 1002.00 | | 铂金价格 541.00 | 铂金价格 541.00 | 金条价格 992.00 | | 的 老凤祥 | 命 老庙黄金 | 6 中国黄金 | | 1000.00 | 997.00 | 771.80 | | 足金 ...

Group 1: Gold Market Analysis - The upcoming Jackson Hole annual meeting (August 21-23) is highly anticipated, with the Federal Reserve's latest policy signals potentially acting as a key catalyst for gold price movements [1] - The market is currently experiencing cautious consolidation at high levels due to heightened uncertainty from the Russia-Ukraine situation and comments from Trump regarding tariffs [1] - The focus is on the Federal Reserve's interest rate meeting on September 17, with a recent economist survey on August 15 indicating ongoing market divergence in interpreting Fed policies [1] Group 2: Gold Price Technical Analysis - Gold prices have shown a slight breakdown in the daily chart, with short-term trends focusing on support around 3310 [3] - A descending wedge pattern has formed on the 4-hour chart, suggesting potential bullish breakout risks, but is currently constrained by the 100-period simple moving average at $3346.98 [3] - Key resistance is identified at $3370, with a breakthrough potentially leading to targets of $3400 and the early August high of $3410; however, a drop below $3330 could direct prices towards $3300 and possibly test the August low of $3282 [3] Group 3: Silver Market Analysis - From a technical perspective, silver is hovering above the neckline of a bearish double top pattern in the $38.50-$39.00 range, indicating a loss of upward momentum [5] - A decisive drop below the support level of $37.50 could open the door for further declines to $36.50 or even $35.50 [5] - The silver market opened at $38.024, experienced fluctuations, and closed at $37.377, forming a large bearish candle, with short-term trading strategies focusing on buying on dips and selling on rebounds [5]

本周周一，黄金亚市早盘开盘先行走低，直接走出了上周五整日波幅，其周末特朗普宣布与俄罗斯取得 重大进展，对金价造成打压，虽然在触底低点有所反弹，但预计力度有限，日内美乌将在华盛顿会晤， 料将再度打压金价，故此今日金价走势依然还是偏空回落为主。 另外，本周包括初请等一系列数据都预期都偏向利好金价，再加上市场也即将进入9月降息利好预期前 景。 不过，由于美联储官员仍表示年内将降息两次，特朗普表示未来两周将确定钢铁和芯片关税，半导体关 税有可能高达300%；并扩大对钢铝进口征收50%关税的范围，将数百种衍生产品纳入清单。这将再度 提振金价； 所以，金价当下虽偏弱回落，也需关注在利空消息出尽后，触及100日均线支撑或30周均线附近后，产 生的看涨买盘需求和机会。 日图；金价再度运行在中轨及60日等均线下方，空头占据优势，走势偏弱看空，但下方临近100日均线 支撑，以及震荡区间的底部支撑，故此，如进一步回落，下方触及此等支撑位置，也可先行看涨，上方 则关注各均线阻力压制，多头需重回中轨上方才能加大看涨动力。 ...

黄金市场上周：国际黄金遇阻回落收跌，几乎收复前两周涨幅，但仍处于中轨上方，且布林带也趋向缩口，暗示后市仍将维持震荡调整为主波动，并在方 向上方，仍趋向向上攀升。 具体走势上，金价自周初开于3398.34美元/盎司，便先行录得当周高点3404.51美元后，则遇阻回落，日跌超1.6%，跌幅55美金，虽而收取止跌形态，周三 到周四也止跌震荡回升表现，但周四反弹的多头未能持稳，最终回落收复前两日反弹涨幅，微幅刷新周二低点至3329.84美元当周低点，周五震荡偏弱， 收于3336.11美元，周振幅74.67美元，收跌62.23美元，跌幅1.83%。 影响上，受到中美再次暂停实施24%关税90天，以及黄金税谣言的破除等，金价遇阻回落，虽然由于特朗普再次炮轰鲍威尔应立即降息，美财长也甚至建 议降息50个基点，投资者也基本锁定美联储9月降息，令金价止跌震荡回升； 张尧浠：地缘会晤压力有限、降息加关税预再助金价多头 周图，金价自去年开涨攀升以来，如期第4次回踩中轨线支撑展开震荡调整，虽然附图指标一直处于空头信号发展，但持续处于中轨上方的震荡调整，也 是在消耗空头压力，那么对于后市来讲，大概率也将震荡调整之后，再度向上走强攀升。 ...

Core Insights - The report indicates that there is currently no significant momentum in gold prices for the short term, suggesting a stable market environment [1] Group 1: Market Analysis - The analysis highlights that gold prices are influenced by various macroeconomic factors, including inflation rates and interest rates, which are expected to remain stable in the near term [1] - The report notes that geopolitical tensions and economic uncertainties have not led to a substantial increase in gold demand, indicating a lack of urgency among investors [1] Group 2: Price Trends - Recent data shows that gold prices have fluctuated within a narrow range, with no clear upward or downward trend observed [1] - The report mentions that gold prices are currently hovering around a specific level, reflecting a balance between supply and demand in the market [1]