Core Viewpoint - Gold stocks experienced a significant decline today, with major companies reporting substantial drops in their share prices due to a sharp decrease in spot gold prices [1] Group 1: Company Performance - China Gold International (02099) fell by 8.15%, closing at 115 HKD [1] - Tongguan Gold (00340) decreased by 8.04%, ending at 2.06 HKD [1] - Lingbao Gold (03330) dropped by 6.95%, with a closing price of 15.4 HKD [1] - Chifeng Jilong Gold Mining (600988) (06693) saw a decline of 6.11%, closing at 26.76 HKD [1] Group 2: Market Trends - On September 4, spot gold prices plummeted, briefly falling below the 3520 USD mark, with the latest price reported at 3531.89 USD/ounce, reflecting a daily drop of 0.77% [1] - COMEX gold futures were reported at 3588.3 USD/ounce, showing a decline of over 1% for the day [1] - Baocheng Futures noted an accelerated upward trend in precious metals since last Friday, driven by weakening performance in both domestic and international equity markets, which has increased market demand for safe-haven assets [1] Group 3: Economic Indicators - Current market focus is on the U.S. non-farm payroll data for August, which is expected to have a significant impact on the Federal Reserve's interest rate decisions in September [1]

金价在周四走软，因在预期美国降息触及历史高位后遭遇获利了结，同时投资者期待本周将公布的美国 关键就业数据。现货 黄金日内最新下跌1%，跌至接近3510美元/盎司的位置。GoldSilver Central董事总 经理Brian Lan表示："我们看到了一些获利回吐，但目前黄金仍处于牛市。降息预期和对美联储独立性 的担忧将增加避险需求，即使金价在短期内升至3800美元甚至更高，我们也不会感到意外。" ...

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core Views - For both gold and copper, the short - term and mid - term views are bullish, and the intraday view is oscillating strongly. The reference view for both is to be bullish in the short - term [1]. 3. Summary by Relevant Catalogs Gold - **Price Performance**: Yesterday, New York gold rose to the $3600 mark, London gold to the $3550 mark, and Shanghai gold to the 820 yuan mark. Since the Jackson Hole meeting on August 22, gold prices have been on an upward trend [3]. - **Driving Factors**: The dovish stance of Fed Chairman Powell at the Jackson Hole meeting pushed up gold prices. Since last Friday, the weak performance of domestic and foreign equity markets has increased the market's risk - aversion demand, leading to a rise in the risk - aversion premium of precious metals. Technically, New York gold and London gold have broken through the upper limit of the oscillation range since the second quarter, with strong upward momentum [3]. Copper - **Price Performance**: Yesterday, copper prices rose first and then fell. LME copper fell below the $10,000 mark, while SHFE copper rose above the 80,000 yuan mark, and the SHFE copper open interest rose to nearly 520,000 lots [5]. - **Driving Factors**: With the approaching of the Fed's September interest - rate meeting and the high - level oscillation of domestic and foreign equity markets, funds are rotating. On the industrial level, the peak season of "Golden September and Silver October" is coming, and downstream demand is expected to continue to strengthen. Technically, copper prices have increased positions and moved upward in the short term, with strong upward momentum [5].

来源：万乾金wqj068 周四（北京时间9月4日）亚盘，现货黄金开启修复回落。金价周三持续走高，因美国疲软就业数据公布后，市场增强了对美联储本月晚些时候降息的预期， 而挥之不去的全球不确定性使避险需求保持强劲。 黄金操作建议：多头策略：回调3530-3525轻仓多，损8点，目标看3555-3565； 昨日黄金市场延续强势上涨态势：早盘开盘在3533美元/盎司，开盘后日内最低给到了3525美元/盎司。欧美盘时段表现强势，受到基本面影响不断创出新 高，盘中最高触及3578美元/盎司，涨幅达到1.2%。最终收报3559美元/盎司。日线以上影线较长的大阳线收线。 日线级别：黄金已出现序列9信号，且触及趋势线阻力，多头行情或临近尾声，需防范加速回撤风险；4小时级别：均线指标顶背离，初现转空迹象，短期谨 防深度回调。下方短期关注3525-3530一线支撑，上方短期关注3585-3590一线阻力。 空头策略：反弹3575-3580轻仓空，损8点，目标看3550-3530； 文/万乾论金 ...

金价突破3600美元关口，美联储宽松、去美元化等避险需求或持续释放。 周三，黄金延续了创纪录的涨势，美国就业数据疲软增强了市场对美联储本月晚些时候降息的预期。机 构认为，去美元化、地缘政治和贸易摩擦中有弹性的避险需求有望持续推高金价至4000美元以上。 美联储成为主导因素 纽约商品交易所COMEX黄金期货周三涨0.82%，报3621.80美元/盎司，盘中最高触及3640.10美元，连续 第二个交易日创历史新高。 美国政府报告称，7月份的职位空缺下降幅度超过预期，与劳动力市场状况降温迹象相一致。City Index 市场分析师拉查扎达（Fawad Razaqzada）表示，在数据公布之前，黄金的交易价格已经创下历史新 高，疲软的数据有助于进一步支撑贵金属价格。 降息预期和对美联储独立性的担忧给美元带来了压力，自年初以来，美元下跌了9%以上。根据芝加哥 商品交易所集团的FedWatch工具，在数据公布后，美联储在9月16日至17日的政策会议上降息25个基点 的可能性一度飙升至98%。 渣打银行贵金属分析师库珀（Suki Cooper）表示："黄金市场正进入季节性强劲的消费期，加上9月美联 储会议降息的预期。我们继 ...

Core Viewpoint - The international gold price has reached a historic high of over $3500, marking a significant milestone in the gold market, driven by various factors including geopolitical tensions and changing monetary policies [3][4]. Group 1: Gold Price Surge - The international gold price surpassed $3500 on September 2, setting a new historical record and indicating strong momentum in the gold market [3]. - As of September 1, the spot gold price has increased nearly 35% this year, with predictions from several institutions suggesting it may challenge $3700 or even $4000 in the next year and a half [3]. Group 2: Factors Driving Gold Price Increase - Renewed tensions in the Middle East have led to a surge in geopolitical risk premiums, intensifying the market's bullish and bearish dynamics [3]. - The market's expectation of a near 90% probability of a Federal Reserve rate cut in September is likely to keep the dollar subdued, resulting in significant cash flow into gold [4]. - Global central banks have maintained a net purchase of over 1000 tons of gold for three consecutive years, with 244 tons acquired in the first quarter of 2025, reflecting concerns over dollar credit risk and the urgent need for a restructured monetary system amid de-globalization [5]. Group 3: Company Overview - Huangyu Precious Metals - Huangyu Precious Metals has 13 years of professional experience, providing secure and efficient trading services to investors amid the rising gold investment wave [6]. - The company is a member of the Hong Kong Gold Exchange with the highest AA-class trading license, ensuring its capability to offer spot gold and silver electronic trading to global investors [7]. - Utilizing the internationally leading MT4 trading system, Huangyu offers a user-friendly interface and advanced security measures, ensuring customer information safety [7]. - The company has a professional market analysis team that provides timely and accurate market insights and investment strategy recommendations, helping investors seize opportunities [7]. Group 4: Market Opportunities - As gold price volatility increases, trading opportunities multiply, and Huangyu's robust technology, transparent trading processes, and comprehensive customer service create a complete trust chain for investors [9]. - Choosing Huangyu Precious Metals means selecting a technologically advanced and reputable trading partner [9].

在基本面利好支撑下，金价周三创下历史新高。 美联储降息预期、美国关税不确定性以及风险基调减弱支撑了黄金/美元(XAU/USD) 的走势。 在日线RSI超买的背景下，多头似乎有所犹豫，选择等待美国非农就业报告。 周三欧洲时段上半段，黄金(XAU/USD) 延续横盘整理走势，并接近历史高点。市场对美联储本月降息的接受度不断上升，抑制了美元(USD)的反弹势头， 并继续对这种无收益黄金构成利好。此外，持续的贸易相关不确定性也有利于黄金的避险地位，并有助于限制其下行空间。 然而，由于多头目前似乎不愿在极度超买的情况下进行新的押注，金价上行空间仍然受限。此外，交易员们选择在周五美国非农就业数据（NFP）公布前保 持观望，以期获得更多有关美联储降息路径的线索。这将影响近期美元价格走势，并决定金价下一阶段的方向性走势。与此同时，JOLTS的职位空缺数据可 能会给黄金/美元带来一些推动力。 每日市场动态摘要：黄金巩固近期涨势，创历史新高 根据芝加哥商品交易所集团（CMEGroup）的美联储观察工具，交易员预计美联储在9月17日为期两天的政策会议结束时将借贷成本下调25个基点的可能性 超过90%。此外，市场参与者预计美联储将在 ...

Group 1: Commodity Market Overview - The domestic commodity futures market on September 3 saw more declines than increases, with the main contract for eggs rising over 2% and the main contracts for gold and styrene rising over 1% [1] - The China Securities Commodity Futures Price Index closed at 1440.74 points, up 2.81 points or 0.20% from the previous trading day, while the China Securities Commodity Futures Index closed at 1990.16 points, up 3.88 points or 0.20% [1] Group 2: Egg Market Analysis - The main contract for eggs led the market with a 2.62% increase, closing above the 3000 yuan/500 kg mark, driven by increased demand due to the back-to-school season and Mid-Autumn Festival preparations [2] - Despite the recent rebound, analysts caution that the pressure on egg prices may persist due to limited culling of hens and high inventory levels of laying hens [2] Group 3: Precious Metals Performance - Gold has emerged as a star in the commodity market, with New York futures prices reaching historic highs above $3600 per ounce, and domestic gold prices also rising [3] - The main contract for gold in Shanghai reached a high of 816.78 yuan/kg before closing with a 1.31% increase, influenced by expectations of interest rate cuts by the Federal Reserve and geopolitical tensions [3] Group 4: Lithium Carbonate Market Trends - Lithium carbonate has seen a continuous decline for seven trading days, with a drop of 3.10% on September 3, attributed to a weak overall supply-demand structure [4] - The price of battery-grade lithium carbonate was reported at 75,755 yuan/ton, down 1,631 yuan/ton from the previous working day, as market sentiment turns cautious amid high production levels of spodumene [4] Group 5: Shipping Market Dynamics - The shipping market for European routes is experiencing downward pressure, with the main contract declining by 3.04% due to weak spot market conditions [5] - The Maersk 38-week opening price was quoted at $1700/FEU, reflecting a decrease of $200 from the previous week, indicating ongoing pressure in the spot market [5]

AvaTrade爱华市场追击：2025年9月初，全球金融市场再次迎来重大波动。在地缘政治紧张、美元走软及市场避险 需求上升的背景下，黄金价格突破历史新高，展现出强劲的上涨势头。与此同时，科技巨头谷歌母公司Alphabet 在反垄断案中获得有利裁决，避免了最严厉的处罚，股价大幅上涨。这两大事件不仅反映了当前市场的风险偏好 和政策预期，也可能对未来的投资格局产生深远影响。 黄金市场：避险需求推动价格飙升 在黄金市场表现强劲的同时，科技行业也迎来重要消息。美国地方法院周二就谷歌垄断案作出裁定，虽然认定其 搜寻业务存在垄断行为，但无须出售Chrome浏览器，仅须与竞争对手共享部分搜寻数据。此一裁决避免了最严厉 的结构性补救措施，市场随即反应热烈，谷歌母公司Alphabet盘后股价飙升8.7%。 法官Amit Mehta在裁决中指出，强制出售Chrome与安卓系统资产「过度扩张」，因谷歌并未借此实施非法限制。 该裁决也间接维护了谷歌与苹果之间数十亿美元的预设搜寻协议，苹果股价盘后同步上涨4.3%。此案结果不仅强 化了谷歌广告业务的核心优势，也为科技巨头的反垄断风险释出积极讯号。 本周金融市场的两大焦点事件——黄金创历史 ...

Core Viewpoint - Silver prices reached a 14-year high on Wednesday but lacked sufficient buying support for further gains [1][3]. Group 1: Market Performance - On September 3, during the Asian trading session, spot silver hit a new high of $40.97 per ounce before slightly retreating [3]. - The price of silver in the European market attempted to rise again but failed to break through, currently trading around $40.70, down nearly 0.50% for the day [3]. - The Shanghai Huatong platinum-silver standard price reported at 9814 yuan per kilogram, an increase of 51 yuan per kilogram from the previous trading day [4]. Group 2: Influencing Factors - Increasing acceptance of a potential interest rate cut by the Federal Reserve this month continues to drive silver prices [3]. - Ongoing uncertainties related to trade are also contributing to silver's strong performance as a safe-haven asset [3]. Group 3: Technical Analysis - The daily Relative Strength Index (RSI) shows slight overbought conditions, prompting some profit-taking near current silver prices [2][6]. - A strong breakthrough above the psychological level of $40 could trigger further bullish trading, while a drop below $40.00 may lead to a decline towards the support area of $39.50 [6]. - If the support at $39.50 is decisively broken, silver prices could accelerate down to the $39.00 level and potentially reach the $38.50-$38.40 range [6].