智通财经APP获悉，11月7日，中国央行发布数据，中国10月末黄金储备报7409万盎司(约2304.457吨)， 环比增加3万盎司(约0.93吨)，为连续第12个月增持黄金。9月末黄金储备报7406万盎司。 北京时间2025年11月10日，现货黄金突破4010美元/盎司，日内涨0.23%。 根据世界黄金协会的报告，印度的黄金交易所交易基金正迎来创纪录的资金流入，今年的购买量已接近 30亿美元，约合26吨黄金。 截至目前，2025年的投资几乎与2020至2024年间的总购买价值相当。 机构认为，黄金今年以来仍上涨52%，受央行买盘、ETF资金流入和持续的地缘政治不确定性支撑。 贵金属相关港股： 紫金黄金国际(02259)、赤峰黄金(06693)、山东黄金(01787)、招金矿业（01818）、灵宝黄金（03330)、 潼关黄金（00340）、中国黄金国际（02099）、中国白银集团(00815)、珠峰黄金(01815)等。 此轮激增源于黄金价格上月创历史新高，且受央行增持、地缘政治与经济忧虑以及美联储宽松货币政策 推动，金价今年迄今涨幅已逾50%。 世界黄金协会：全球黄金ETF连续五个月实现资金净流入，10月吸 ...

Group 1 - The sentiment index for A-shares and Hong Kong stocks is declining from high levels, with a decrease in the VIX for the Shanghai 50, CSI 300, CSI 500, and CSI 1000 [1] - Current institutional focus is on the defense and military industry, while attention in the telecommunications sector has decreased from high levels [1] - There has been an increase in institutional interest in the "oil and petrochemicals," "coal," "steel," "retail," and "non-bank financial" sectors over the past week [1] Group 2 - Many industries are currently at the threshold of triggering congestion indicators, including liquidity, constituent stock diffusion, and constituent stock consistency [1] - The relative returns for electric power and utilities, basic chemicals, electric equipment and new energy, electronics, and computers are expected to be favorable by November 2025 [1] - The VIX for gold, silver, copper, and crude oil has decreased, with a long-term bullish outlook on gold [1]

Core Insights - The new gold tax regulations have not significantly impacted the market, with stable prices and sufficient supply of investment gold bars observed in banks [1][3][4] Pricing Stability - The new regulations do not affect the sales prices for end customers, as banks continue to price investment gold bars based on market conditions [3][4] - The regulations classify gold into investment and non-investment categories, with investment gold bars having minimal impact from the new rules [3][5] Supply Adequacy - Banks report that the supply of investment gold bars is stable and sufficient to meet customer demand [4][5] - There has been a slight increase in customer inquiries and purchases since the new regulations were implemented, but the overall market remains stable [4][5] Customer Engagement - Customers have shown increased interest in gold investments due to geopolitical uncertainties and rising gold prices, despite no changes in pricing mechanisms [5] - The process for withdrawing physical gold from accumulated gold accounts has been streamlined, allowing for easy access to gold products [6][7] Business Operations - Banks briefly suspended certain gold accumulation services to adjust to the new regulations but quickly resumed operations after system updates [6][7] - The new tax policy encourages individuals to invest in gold through bank products and ETFs, reducing transaction costs for accumulated gold [7]

北京商报讯（记者 廖蒙）黄金价格猛涨，诈骗分子也在暗中蠢蠢欲动。11月9日，北京商报记者注意到，央视新闻日前报道揭秘了一类"邮寄黄 金"新型诈骗案。在这类骗局中，骗子或是伪装成"投资专家"鼓吹"稳赚不赔"，或是以"刷单返利""公益回馈"这类话术诱导，让受害人先购买黄 金，再通过快递、网约车送往指定地址。 结合实际案例来看，江西省、山东省均被曝出存在这一新型诈骗套路。江西省一男子在骗子的引诱下想要参与"黄金高收益投资"，并计划按照对 方要求，以现金购买价值4万余元黄金并寄往指定地点，同时编造表哥结婚的事由应对金店、警方的盘问，最终被金店员工发现异样后报警。而山 东省警方则是在一个邮寄虾酱的快递中发现了猫腻，被邮寄的虾酱里暗藏着价值3万多元的黄金，收件人正是诈骗方。 根据警方介绍，邮寄黄金类诈骗，利用的是心理战术，购买黄金的行为在受害人心中往往具有更强的实体感和信任感，相较于无形的电子转账， 黄金更能让人产生"真实投资"的错觉，从而放松警惕。此外，诈骗分子通过诱导受害人购买黄金，能够更隐蔽地转移资金，增加追查难度。而犯 罪嫌疑人在收到黄金之后立即变卖变现，再通过购买虚拟货币的方式将资金转移至境外，由此完成洗钱的闭 ...

Core Viewpoint - The gold market is experiencing volatility, with prices rising to $4027 before retreating back to around $4000, indicating ongoing competition between bulls and bears [1][3]. Market Analysis - The recent trading session saw gold prices surge by $50, reaching $4027, followed by a quick decline back to the $4000 level, suggesting a lack of sustained bullish momentum [1][3]. - The market is expected to continue its oscillation, with resistance levels at $4020 and $4050, while potential support levels are identified at $3965 and $3928 [4][6][7]. Influencing Factors - The U.S. government shutdown has created panic, with ongoing budget bill rejections and increasing partisan conflict, leading to significant impacts on the stock market and benefiting gold prices [7][8]. - The absence of key non-farm payroll data due to the government shutdown has distorted labor market perceptions, which may further influence Federal Reserve expectations and contribute to gold's price adjustments [8]. Upcoming Indicators - The upcoming release of the U.S. October CPI and retail sales data is anticipated to create market volatility, especially given the current government shutdown [9]. - The ability to accurately assess market direction and entry/exit points is crucial for investors in the gold market, emphasizing the importance of experience and risk management [9].

黄金市场震荡回升：多空分歧下的价格图景与投资参考 对于下周金价走势，散户与机构出现明显预期分歧。散户群体态度更为乐观，55%的投资者认为金价将 继续上涨，仅28%认为会下跌，17%预期维持横盘；而机构则相对谨慎，仅32%的分析师看涨，9%看 跌，高达59%的分析师认为将持续横盘整理。 市场普遍认为，若金价能突破4030美元阻力位，或将开启进一步上涨通道；若失守3950美元支撑位，则 可能引发新一轮回调。 二、国内市场价格 国内黄金消费市场价格保持稳定，各大品牌金饰价格鲜有变动。周大福、金至尊、潮宏基等品牌金饰克 价均报1268元，六福珠宝1266元、周生生1267元，菜百首饰与中国黄金分别以1238元、1248元略低于行 业平均水平。 银行金条价格则呈现实时波动状态，农行金条价格最高为945.20元/克，中行最低为928.73元/克，工 行、建行分别为933.96元/克、932.70元/克。此外，黄金回收价格报898元/克，为持有黄金的民众提供了 清晰的变现参考。 2025年11月以来，黄金市场结束连续两周的大幅回调，呈现温和上涨态势。本周（11月3日-9日）黄金 价格周涨幅达0.32%，整体在3930美元至 ...

Core Insights - The recent surge in gold jewelry prices is primarily due to a new tax policy implemented on November 1, which has restructured the gold market dynamics [1][3][23] Tax Policy Changes - The new policy differentiates between gold for investment and gold for non-investment purposes, effectively changing how gold is taxed and sold [3][7] - Previously, gold jewelry retailers received a special invoice allowing them to deduct 13% VAT, but this has now been replaced with a regular invoice that only allows a 6% deduction, increasing their tax burden by 7% [5][9] Impact on Retail Prices - Major brands like Chow Tai Fook and Lao Feng Xiang have raised retail prices to pass on the increased costs to consumers, leading to a significant price hike in gold jewelry [5][9] - For example, a typical wedding set of gold jewelry now costs approximately 2000 yuan more due to the new tax implications [9] Resale Market Challenges - Individuals selling gold jewelry face difficulties as they cannot provide a VAT special invoice, leading to lower buyback prices from recycling companies [11][13] - The disparity between market selling prices and buyback prices has widened, with individuals potentially receiving only 700 yuan for a gram of gold that sells for 1000 yuan in the market [13] Investment vs. Consumption - The new policy has effectively separated the investment and consumption aspects of gold, making gold jewelry less of a store of value and more of a luxury item [17][19] - Consumers are now encouraged to focus on the design and brand value of gold jewelry rather than its investment potential [19][21] Recommendations for Consumers - Consumers should prioritize purchasing from reputable sources that ensure the legitimacy of gold products, especially for wedding jewelry [19][21] - For those looking to invest, financial products like gold ETFs and bank-stored gold are recommended over physical gold bars due to lower transaction costs and better liquidity [17][21]

Group 1 - The price of gold continues to rise, leading to increased consumer interest in gold jewelry and investment, which has also attracted fraudulent schemes targeting unsuspecting individuals [1] - A case was reported where an individual lost over 40,000 yuan due to a scam involving a fake "gold rebate" advertisement that lured him into a fraudulent trading platform [1] - The scam involved deceptive tactics such as fake credentials, promises of high returns, and manipulation of perceived account growth to encourage further investments [1] Group 2 - Authorities warn that phrases like "small investment, high return" are common indicators of scams, advising the public to avoid transferring money to unknown accounts or investing in unregulated platforms [2] - In case of suspicious activities or if someone falls victim to a scam, individuals are encouraged to report to the police or contact anti-fraud hotlines for assistance [2]

Core Viewpoint - The recent fluctuations in gold prices, particularly around the $4000 per ounce mark, have raised questions about its investment value, with a notable increase in inflows into gold ETFs despite recent price corrections [3][5]. Group 1: Gold Price Movements - After reaching a new high of $4398 per ounce in late October, COMEX gold has since corrected and is currently stabilizing around $4000 per ounce, with a slight increase of 0.42% to $4007.8 per ounce on November 7 [1]. - The total net subscription for gold ETFs has reached approximately 273 million shares since the beginning of November, indicating strong investor interest [4]. Group 2: Fund Inflows and Performance - Several gold ETFs have experienced a rebound, with some products seeing a cumulative increase of over 3% from November 5 to November 7, 2023 [4]. - The largest domestic gold ETF, Huaan Gold ETF, has seen a net subscription of 69.7 million shares, while another ETF, Huaxia Gold ETF, followed closely with 67 million shares [4]. Group 3: Investment Strategies and Outlook - Fund managers suggest that the recent adjustments in gold prices are primarily due to a temporary easing of risk aversion, but the long-term investment logic for gold remains intact [5]. - The ongoing trend of de-dollarization and potential interest rate cuts by the Federal Reserve are expected to support gold's long-term performance, with recommendations for investors to consider a systematic investment approach in gold ETFs, maintaining a portfolio allocation of 5% to 15% [5][6].

换资前言： 各位投资朋友，周末愉快，一周交易结束了，今天你是轻轻松松在家享受着周末时光，还是焦灼不已到 处翻阅文章，为自己满手亏损的单子着急，天气越来越寒冷了，但是离冬季也越来越近不是吗，我们都 想在市场中分一杯羹，回家过个肥年，但是你却亏损越来越严重，资金不断缩水，如果你正处在这种状 态，金晟富建议你先停下来，停止这种错误的交易，找到一位良师，至少能帮你改变局面挽回亏损，操 作上谁都能经历过牛市熊市。有时候感觉难熬并不要觉得没有了盼头，在亏损的时候不断积累经验，吸 取教训，中间做一些总结，金晟富可以带你走出困境，一次选择，终生受益。 近期有哪些消息面影响黄金原油走势？后市黄金多空该如何研判？ 现货黄金本周在4000美元附近维持窄幅震荡，缺乏明确方向。地缘政治风险暂时退居次位，而美国政府 关门导致关键经济数据推迟发布，使市场陷入"信息真空"。在此背景下，投资者正转向美联储官员讲 话、美元走势与美国股市波动，以寻找下一步线索。随着美国政府停摆创下历史纪录，经济学家们越来 越难以判断经济健康状况，而这种不确定性正逐渐传导至黄金市场。分析师表示，他们正在从股市和美 元走势等其他领域寻找方向。多数分析师认为，黄金的长 ...