| 2024-12-10 | 22,279.04 | | --- | --- | | 2025-09-30 | 21,972.49 | | 2025-11-10 | 21,943.71 | | 2025-12-26 | 21,811.04 | | 2025-09-29 | 21,781.43 | | 2025-08-13 | 21,752.11 | | 2025-09-26 | 21,661.07 | | 2025-10-28 | 21,653.07 | | 2025-12-30 | 21,615.32 | | 2024-10-10 | 21,609.11 | | 2025-12-29 | 21,576.86 | | 2025-09-09 | 21,520.80 | | 2025-09-22 | 21,424.63 | | 2025-11-03 | 21,329.04 | | 2024-10-18 | 21,305.92 | | 2025-12-12 | 21,190.10 | | 2025-02-24 | 21,153.66 | | 2024-10-29 | 21,148.67 | | 2015-05-26 ...

新浪合作大平台期货开户 安全快捷有保障 12月18日，在经历了罕见的快速上涨之后，黄金并未出现大幅回调，而是以相对平稳的姿态开启新的周 期。Mhmarkets迈汇认为，这种在高位震荡而非急速回落的表现，反映出市场对黄金价值的重新定位。 对长期配置型资金而言，稳定往往比短期暴涨更具吸引力，也更有利于趋势的延续。 回顾此前走势，黄金在一年内多次刷新历史高点，背后既有全球环境持续不明朗的因素，也离不开央行 和机构投资者的集中配置。Mhmarkets迈汇表示，价格在上涨后逐步企稳，说明市场并未将黄金视为短 线投机品种，而是开始接受其在资产组合中"基础配置"的角色。这种认知变化，使得黄金的上涨逻辑更 加偏向结构性而非情绪驱动。 对于接下来的运行区间，主流机构预计金价将维持在相对宽幅但有支撑的区间内波动，上行节奏可能放 缓，但方向仍偏积极。Mhmarkets迈汇认为，只要价格运行重心保持在此前周期明显抬升后的区间内， 下行风险就相对可控，而时间反而会成为多头的重要朋友。 值得注意的是，投资者对黄金的配置比例正在发生变化。过去较为常见的小比例持仓，正逐步向更高的 战略配置过渡。这一趋势显示，黄金正在从"应急资产"转变为"常 ...

Core Viewpoint - The article highlights the rising prices of essential goods and the economic pressures facing consumers in China, indicating a shift towards "living inflation" where basic necessities are becoming more expensive while discretionary items are seeing price reductions [1][3]. Group 1: Price Increases in Essential Goods - Prices for staple foods such as rice and cooking oil have significantly increased, with ordinary Northeast rice rising from 2.8 yuan to 3.2 yuan per jin, and 5L soybean oil increasing by 8 yuan over three months [3][4]. - The increase in food prices is attributed to extreme weather affecting production, unstable global supply chains, and high transportation and storage costs, which ultimately burden consumers [3][4]. - The article notes that a typical family now spends approximately 240 yuan more annually on food due to these price hikes [3]. Group 2: Energy Price Impact - Domestic fuel prices have risen, with 92 octane gasoline nearing 8 yuan per liter, leading to increased transportation costs for logistics companies, which in turn raises prices for vegetables and other goods in supermarkets [4]. - Natural gas prices are also on the rise, with the cost of liquefied gas increasing from 120 yuan to 135 yuan for a 15kg can, potentially raising winter heating costs [4]. Group 3: Hidden Price Increases in Daily Necessities - Many consumer goods are experiencing "invisible price hikes," where companies reduce product sizes while maintaining prices, such as laundry detergent bottles shrinking from 2kg to 1.8kg without a price drop [5]. - This trend of reducing quantities while keeping prices stable leads to increased costs for consumers over time, as everyday items become more expensive on a per-use basis [5]. Group 4: Income Pressure and Employment Trends - Companies are facing pressure to cut costs, leading to reduced bonuses and salaries across various sectors, including internet, manufacturing, and real estate, with a reported 3.2% decrease in average recruitment salaries [7][8]. - The article emphasizes that stagnant wages combined with rising prices effectively reduce consumers' purchasing power, creating a sense of financial strain [7]. Group 5: Investment and Savings Challenges - Low-risk investment products are yielding diminishing returns, with many bank financial products dropping below 2.5% annualized returns, making it harder for consumers to grow their savings [10][11]. - The article warns of the risks associated with high-yield investments, as many individuals have faced losses in pursuit of better returns, highlighting the importance of cautious financial planning [12]. Group 6: Recommendations for Financial Management - The article suggests practical strategies for consumers to manage their finances better, such as stocking up on essential goods during promotions, delaying non-essential purchases, and diversifying investments to mitigate risks [14][15][16]. - It emphasizes the need for consumers to be prudent with their spending and to focus on maintaining liquidity and protecting their principal investments during challenging economic times [16][19].

Market Performance - A-shares are experiencing active trading, with the Shanghai Composite Index reaching a ten-year high, surpassing 3800 points [1][2] - The trading volume in the two markets has exceeded 2 trillion yuan for eight consecutive trading days [2] Economic Factors - Overseas representative stock indices have also reached historical highs, primarily due to the onset of a rate-cutting cycle and easing inflationary pressures, which have driven multiple funds into the stock market [3] - The People's Bank of China has injected a total of 600 billion yuan in mid-term liquidity in August, following a 1 trillion yuan reserve requirement cut in May, contributing to market stability [11][12] Investor Sentiment - The current market rally is primarily driven by institutional and high-net-worth investors, while retail investors remain cautious [4][6] - There is a notable increase in new retail investors entering the market, with 1.9636 million new accounts opened in July, a 19% month-on-month increase and a 71% year-on-year increase [10] Market Dynamics - The current market environment is characterized by structural increases rather than a broad-based rally, leading to questions among investors about stock performance relative to the index [13] - The government has emphasized the importance of stabilizing both the stock and real estate markets, recognizing their roles as key engines of the Chinese economy [15][16] Future Outlook - The A-share market is expected to continue presenting structural opportunities amid ongoing policy effects and economic recovery [14] - In the context of rising inflation expectations, the price logic of both stock and real estate markets is undergoing changes, with stocks being viewed as a hedge against inflation [17]