中新网北京1月29日电 (记者 刘亮)国际金价频繁创新高。今天，现货黄金一日之内突破5200美元和5300 美元两大整数关口，白银、铂金等贵金属也集体飙升。这轮金价狂潮背后是什么在推动？在28日举行的 投资者情绪报告发布会上，长江商学院会计与金融学教授刘劲分享他的观点。 他强调，贸易摩擦期间，市场出现了极其罕见的现象：通常市场动荡时，全球资金会涌入美债避险，但 那次美债价格却在下跌。这几乎从未发生过，说明市场对美国经济健康状况的担忧在加剧。 "其实过去十年，各国央行一直悄悄有规律地购买黄金，但非常克制，所以不会激进地推高价格。散户 投资者最近几年才开始意识到这一趋势，尤其是2025年美国发起关税战，让这个认知达到高潮。"刘劲 说。 其次，黄金有泡沫吗？刘劲称，某种意义上，黄金本身就是"泡沫"——它不像股票有盈利和分红，不支 付任何利息，价格完全取决于供需关系和人们的支付意愿。但作为货币基础，黄金仍有上涨空间。"试 想美国不再是唯一主导世界的国家，全球金融架构从单极转向多极，人们必然会使用更多黄金。" 但他同时提醒，投资黄金需要基于对全球局势的长期判断，而不是短期盲目追涨。如果在高位接盘，可 能会被套牢。(完) ...

US stocks retreated on Tuesday as worries about an AI bubble and the broader US economy continued to set markets on edge, with a pivotal Nvidia (NVDA) earnings report and shutdown-delayed jobs data on the horizon. The Dow Jones Industrial Average (^DJI) fell nearly 0.8%, coming off the worst three-day run for the blue-chip benchmark since April. The tech-heavy Nasdaq Composite (^IXIC) pulled back roughly 0.5%, while the S&P 500 (^GSPC) was roughly 0.3% lower, eyeing its fourth consecutive losing session. ...

Group 1 - Gold futures prices have risen significantly, trading at $4,075, up over $75 from the day's low, with gold-related ETFs showing relative strength [1] - Concerns about the U.S. economy are increasing due to the ongoing government shutdown, which is supporting gold as a traditional store of value [1] - Long-term concerns regarding global monetary credit and public debt are driving demand for precious metals, while short-term events have led to reduced volatility [1] Group 2 - In the first three quarters of 2025, domestic gold production reached 271.782 tons, an increase of 3.714 tons or 1.39% year-on-year, with imported gold contributing 121.149 tons, up 8.94% [2] - Total gold production in China for the first three quarters of 2025 was 392.931 tons, reflecting a year-on-year growth of 3.60% [2] - Gold consumption in China decreased to 682.730 tons, down 7.95% year-on-year, with significant declines in gold jewelry consumption, while gold bars and coins saw a 24.55% increase [2]

Group 1 - The core viewpoint of the articles highlights a significant increase in international precious metal futures, particularly gold and silver, driven by escalating US-China trade tensions, rising expectations of Federal Reserve interest rate cuts, and heightened geopolitical risks that boost safe-haven demand [1][3] - COMEX gold futures rose by 3.24% to $4,130 per ounce, while COMEX silver futures increased by 7.47% to $50.775 per ounce, indicating a strong market reaction to current economic uncertainties [1] - The Financial Times discusses that the surge in gold prices, surpassing $4,000, reflects disappointment in the US dollar and concerns over global order uncertainty, positioning gold as a measure of confidence in future stability since the decoupling from the dollar in 1971 [1] Group 2 - The article from Japan's 47 News attributes the rise in gold prices to increased buying driven by Western investors through ETFs and derivatives, contrasting with the previously active Chinese retail investors, indicating a shift in market dynamics [3] - Concerns regarding the US economy are identified as a primary motivation for investment in gold, with different age demographics having varying strategies; retirees may view gold as a hedge against downturns, while younger investors might pursue more aggressive investment strategies [3]