更新于2025年09月16日 09:24:52 16日早间，国际金价持续走高，现货黄金盘中一度逼近3690美元，这也是其首次站上3680美元关口。COMEX黄金期货盘中最高涨至3728美元，也创下历 史新高。截至发稿，现货黄金报3679.460美元/盎司，涨0.01%；COMEX黄金期货报3719.8美元/盎司，涨0.02%。 与此同时，国内金饰品牌价格也随之上涨，部分品牌涨至年内最高。中新经纬查询发现，16日，周生生金饰价格为1091元/克，为年内最高，较前一日上 涨17元；老庙黄金为1087元/克，为年内最高，单日上涨13元；老凤祥为1086元/克，为年内最高，单日上涨12元；周大福为1087元/克，单日上涨9元。 | 周生生 | PROMESSA | MINTYGREEN | 周生生 (how Sang Sang EMPHASIS | MARCO BICEGO | | 劳力士 | 帝舵表 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | 金价(人民币) | | 足金饰品 (每克 ) | | | 卖出 | | | | 1 ...

16日早间，国际金价持续走高，现货黄金盘中一度逼近3690美元，这也是其首次站上3680美元关口。COMEX黄金期货盘中最高涨至3728美元，也创下历 史新高。截至发稿，现货黄金报3679.460美元/盎司，涨0.01%；COMEX黄金期货报3719.8美元/盎司，涨0.02%。 与此同时，国内金饰品牌价格也随之上涨，部分品牌涨至年内最高。中新经纬查询发现，16日，周生生金饰价格为1091元/克，为年内最高，较前一日上 涨17元；老庙黄金为1087元/克，为年内最高，单日上涨13元；老凤祥为1086元/克，为年内最高，单日上涨12元；周大福为1087元/克，单日上涨9元。 | 周生生 | PROMESSA | MINTYGREEN | 周生生 (how Sang Sang EMPHASIS | MARCO BICEGO | | 劳力士 | 帝舵表 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | | | 金价(人民币) | | 足金饰品 (每克 ) | | | 卖出 | | | | 1091 | | 换金价 | | | | | | ...

9月9日，记者查询发现，周生生金饰品克价涨至1091元，较前一天涨了17元；老庙黄金金饰品克价涨至 1087元，较前一天涨了11元，周大福金饰品克价涨至1087元，较前一天涨了13元。 国际黄金期货价格再创新高。万得数据显示，当地时间9月15日，COMEX黄金期货价格一度高达3724.9 美元/盎司。截至当日收盘，该期货价格涨1.05%，报3719.5美元/盎司。当日的盘中最高价和收盘价，均 创历史高位。9月9日，在避险情绪高涨等因素的共同作用下，国际黄金期货盘中价格曾冲至3700美元/ 盎司上方，刷新历史纪录。今年以来，国际金价累计上涨幅度超过40%。金价快速上涨由多重因素共同 推动，包括市场预期美联储即将开启降息周期、全球地缘不确定性升温、央行持续购金及黄金ETF资金 流入扩大等。 （来源：荆楚网） ...

the first 投资咨询业务资格:证监许可【2012】31号 ITG国贸期货 导演&se22 短期逻辑：继美国8月就业市场走弱、8月通胀数据显示通胀压力整体相对可控后，美国9月密歇根大学消费者信心指数初值56.4，创今年5月以来新低、支持市 假期 - 场继续交易美联储降息预期，且对降息步伐有加快预期，因此提振贵金属价格强势上涨。另一方面，在经济有下行风险、美国消费者长期通胀预期再度回升之际， 8《个人美围经济滞涨担忧有所升温，提振白银工业品属性，银价强势反弹，伦敦银价突破42美元/盎司关口，沪银突破10000元/千克关口，再创近14年以来新高、展望后 ₪JR 以市，我们认为在9月降息落地前，贵金属价格仍有支撑，料维持高位偏强运行，但在中美双方将在西班牙会谈背景下，需警惕波动加剧风险。本周建议关注美联储8 供参考》 月议息会议、中美双方经贸会谈等。 3）中长期逻辑：美联储降息预期、全球地缘不确定性持续、大国博弈加剧和去美元化浪潮下，全球央行购金延续等，黄金中长期重心大概率继续上移。 本我告中的信息均源于公元可获得的资料，国资税分为按确可靠。但不对上达信息的准确性及完整性的任何保证。本者告不构成个人投资建议。 ...

Report Summary 1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - In the short - term, the market's risk - aversion demand has declined due to progress in tariff negotiations and the ECB's reduction of the September interest - rate cut expectation, as well as the Fed's likely on - hold stance in July, which suppresses precious metal prices. However, due to the uncertainty of tariff policies and the Fed's possible rate cut in August, precious metal prices may not continue to fall. Silver may run bearishly in the short - term due to the general decline in commodity sentiment, and it is recommended to wait and see [3]. - In the long - term, against the backdrop of the trade war, the Fed still has a certain probability of cutting interest rates within the year. With global geopolitical uncertainties, intensified great - power games, and the wave of de - dollarization, the central banks' gold purchases continue, so the long - term center of gravity of gold is likely to continue to move up [3]. 3. Summary by Related Contents 3.1 Price and Spread Information - **Price**: On July 25, 2025, London gold spot was 3358.72, London silver spot was 774.70, AU (T + D) was 3360.30, COMEX silver was 9368.00, AG (T + D) was 773.17, COMEX gold was 9365.00, AU2508 was 39.30, and AG2508 was 39.08. Compared with July 24, the price changes were - 0.2%, - 0.2%, 0.1%, - 0.5%, - 0.1%, - 0.6%, 0.1%, - 0.2% respectively [3]. - **Spread**: On July 25, 2025, the gold internal - external spread (TD - London) was - 1.53, the silver internal - external spread (TD - London) was 1.95, the gold TD - SHFE active spread was 82.70, and the silver TD - SHFE active spread was - 3. Compared with July 24, the spread changes were - 1.3%, - 1.7%, - 0.3%, - 2.1% respectively [3]. 3.2 Position and Inventory Information - **Position**: As of July 25, 2025, COMEX gold non - commercial net long positions, non - commercial short positions, and non - commercial long positions were 15230.42858, 253038, 957.09 respectively; COMEX silver non - commercial net long positions, non - commercial short positions, and non - commercial long positions were 311949, 58911, 85678 respectively. The gold ETF - SPDR position was 25058, and the silver ETF - SLV position was 60620 [3]. - **Inventory**: On July 25, 2025, SHFE silver inventory was 500320749 kg, SHFE gold inventory was 37762394 kg, COMEX silver inventory was 30258.00 ounces, and COMEX gold inventory was 1187254.00 ounces. Compared with July 24, the inventory changes were 0.39%, 0.51%, - 0.12%, 3.07% respectively [3]. 3.3 Macroeconomic Data - The US July Markit manufacturing PMI preliminary value dropped to 49.5, the lowest since December 2024 and the first contraction since then, far below the expected 52.7 and the previous value of 62.9. The new orders index preliminary value dropped to 49.7, the lowest since December last year. However, the US July Markit services PMI preliminary value was 5.2, far exceeding expectations and the previous value, and the employment sub - index preliminary value rose to 52.6 [3]. - The US June durable goods orders preliminary month - on - month value was + 9.3%, higher than the expected - 0.7% [3]. 3.4 Other News - Trump said he thought Powell would cut interest rates, had a good talk with Powell about interest rates, and that the economic situation was good [3]. - On July 26, the border conflict between Thailand and Cambodia entered the third day, causing hundreds of casualties [3]. - Trump said he would issue nearly 200 tariff letters with tariff rates of 10% or 15%, was unclear about the prospects of a US - EU agreement, and might impose tariffs on Canada directly. He also said more fine - tuning would be done on the US - UK trade agreement, but there was little room for negotiation on steel and aluminum [3]. 3.5 Market Performance - On July 25, the main contract of Shanghai gold futures closed down 0.88% to 777.32 yuan/gram, and the main contract of Shanghai silver futures closed down 0.31% to 9392 yuan/kg [3].