9月28日，国内黄金价格又出现持稳情况，部分金店仍保持涨势。其中，老庙黄金上涨4元，报1110元/ 克，为新的最高价金店；上海中国黄金报价还是1011元/克，为最低价金店。今日高低价差达99元，差 距更大了。 以下是各大品牌金店详细报价： 今日金价 单位 变动幅度 涨跌 老庙黄金价格 1110 元/克 4 涨 六福黄金价格 1108 元/克 0 平 周大福黄金价格 1108 元/克 0 平 周六福黄金价格 1070 元/克 9 涨 今日金店黄金价格一览（2025年9月28日） 金店报价 金至尊黄金价格 1108 元/克 0 平 老凤祥黄金价格 1108 元/克 0 平 潮宏基黄金价格 1108 元/克 0 平 周生生黄金价格 1108 元/克 2 涨 菜百黄金价格 1058 元/克 0 平 上海中国黄金价格 1011 元/克 0 平 周大生黄金价格 1108 元/克 0 平 今日黄金价格持稳，铂金价格还在大涨，还是说下周生生黄金，今日铂金饰品价格大涨19元/克，报633 元/克。如需了解其他品牌铂金价格，欢迎留言，我们将及时汇总更新。 另外，今日黄金回收价格大涨7.8元/克。不同品牌回收价差较大，以下为部分金 ...

Core Viewpoint - The article discusses the implications of the "14th Five-Year Plan" and the recent shifts in the U.S. labor market, highlighting potential investment opportunities and risks in the current economic landscape [8][12][24]. Deep Dive Topic - The "14th Five-Year Plan" emphasizes industrial restructuring and the signals from central authorities regarding adjustments in industrial structure, aiming to understand the pathways from the previous five-year plan and how the new plan will be implemented [8]. Hot Topics - The U.S. non-farm payroll data for August showed a cooling trend, leading the market to shift from "rate cut trading" to "recession trading." The employment market's weakness raises questions about the extent of potential rate cuts by the Federal Reserve [12]. - A recent surge in overseas risk-free interest rates has triggered a sell-off in global sovereign bonds, prompting discussions on the reasons and sustainability of this market behavior [12][24]. - The article critiques the misconception that the decline in exports is due to a "rush to export," asserting that the August trade data reflects broader economic conditions rather than a simple market reaction [17]. High-Frequency Tracking - The analysis of August's CPI indicates that core inflation is no longer the primary concern for the Federal Reserve, with limited transmission of tariffs on goods inflation and a weakening trend in super-core service inflation [21]. - The commentary on commodity price increases suggests that while upstream price hikes have positively impacted PPI, low capacity utilization in downstream sectors continues to exert downward pressure on PPI [18].

Group 1 - The core viewpoint of the article indicates a downward trend in alumina prices, with significant price drops in the spot market and increased supply pressure [1] - Recent transactions in Shandong show a spot price of approximately 2970 yuan/ton for alumina, with a notable price difference of over 200 yuan/ton between southern and northern regions [1] - The increase in inventory at the Shanghai Futures Exchange, with a rise of 3591 tons to 114,111 tons, reflects strong selling intentions from traders and an increase in discounted transactions [1] Group 2 - The macroeconomic context includes a downward revision of the U.S. non-farm payroll data, which raises concerns about the credibility of labor data and increases pressure on the Federal Reserve to lower interest rates [1] - Despite a slight increase in operating rates for downstream processing enterprises, demand has not significantly rebounded, with social inventory of aluminum ingots remaining stable at 475,000 tons [1] - The aluminum price is under pressure from weak spot trading, with the Shanghai aluminum 10 contract expected to operate within a range of 20,400 to 21,000 yuan/ton [1] Group 3 - The alloy market is experiencing fluctuations, with macroeconomic sentiment cooling due to the revised U.S. non-farm data [1] - On the raw material side, the cancellation of tax rebates in some regions is supporting the price of scrap aluminum, while smelting profits are rising [1] - The price difference between AD2511 and AL2511 is oscillating around -430, with the main contract expected to operate within a range of approximately 20,200 to 20,600 yuan/ton [1]

Core Viewpoint - The US dollar index experienced a short-term decline of approximately 40 points, following the release of August non-farm payroll data that significantly fell short of expectations [1] Group 1 - The US dollar index dropped about 40 points in a short time frame [1] - August non-farm payroll data from the US was considerably lower than anticipated [1]

Group 1 - The core viewpoint of the article highlights a significant slowdown in the U.S. job market, with non-farm payrolls increasing by only 22,000 in August, far below the expected 76,500, and the unemployment rate rising to 4.3%, the highest level since 2021 [2][3][6] - The average job growth over the past three months has been only 29,000, marking the weakest employment growth period since the pandemic, with non-farm employment remaining below 100,000 for four consecutive months [6][3] - Following the release of the employment data, traders are almost fully betting on a 98% probability that the Federal Reserve will cut interest rates by 25 basis points at the upcoming meeting [11][8] Group 2 - The market reacted to the employment data with a rise in U.S. Treasury prices, leading to a decline in yields, with the two-year Treasury yield falling by 10 basis points to 3.48% and the ten-year yield dropping over 6 basis points to 4.1%, both reaching five-month lows [8][11] - Analysts suggest that the weakening job market necessitates lower interest rates to facilitate the transition of employment from the public sector to the private sector, predicting a series of rate cuts starting this month [13][11] - The U.S. dollar index fell, while the Chinese yuan appreciated following the employment report, indicating a shift in market sentiment [15][8]

Group 1: Employment Data Insights - August non-farm payroll data is crucial as it precedes the September interest rate decision, with market expectations already adjusted for potential weakness[3] - Key indicators such as ADP, manufacturing PMI, and job openings have pointed towards a slowdown in the labor market, setting the stage for weaker August non-farm data[3] - The risk of significant downward revisions to annual benchmark data in early September raises concerns about the accuracy of employment statistics, which may lead to further market sensitivity towards data adjustments[4] Group 2: Federal Reserve Policy Implications - The anticipated downward revision of August non-farm data could trigger the Federal Reserve to consider a 50 basis point rate cut, with expectations for two rate cuts by year-end remaining the baseline scenario[4] - Powell's indication of a shift in monetary policy at the Jackson Hole meeting has made a September rate cut almost certain, with the threshold for not cutting rates becoming increasingly high[4] - Despite the potential for downward revisions, the current labor market indicators, such as unemployment rates and wage growth, do not show significant deterioration, suggesting a more cautious approach to rate cuts[5] Group 3: Labor Market Trends - The August ADP employment change fell sharply to 54,000 from a previous 104,000, indicating a notable slowdown in job creation[7] - Job openings decreased to 7.181 million, down by 176,000 month-over-month, reflecting a significant drop in hiring demand[7] - The ratio of job openings to unemployed individuals fell below 1.0 for the first time since April 2021, signaling a weakening labor market[8]

Group 1 - The recent US PCE price index has increased expectations for a Federal Reserve interest rate cut, providing short-term support for gold prices [1] - The US dollar index remains low, and if it breaks down further, gold prices may accelerate upward [1] - Future economic data and Federal Reserve policy will be crucial for gold price trends, with potential for gold to break historical highs if employment data shows economic cooling [1] Group 2 - On a weekly level, gold prices are entering a triangle formation, with direction expected to emerge around the Federal Reserve's interest rate decision [2] - On a daily level, gold prices have formed an upward trend, with the next key resistance at the 3500 mark, while short-term moving averages are forming a bullish arrangement [2] - A warning is issued for potential reversal signals, as a significant pullback could occur if historical highs are tested [2] Group 3 - For short-term trading strategies, it is recommended to buy in the 3435-3430 range with a stop loss of 8 points, targeting 3455-3470 [4] - Aggressive traders may consider selling in the 3485-3490 range with a stop loss of 8 points, targeting 3460-3445, while conservative traders should sell in the 3495-3500 range with the same stop loss, targeting 3475-3455 [4]

Core Viewpoint - The U.S. non-farm payroll data for July showed only 73,000 new jobs added, significantly below expectations, raising concerns about the credibility of the data and its implications for the financial markets [1] Group 1: Employment Data - July's job addition of 73,000 is far below market expectations [1] - Revisions for May and June saw job numbers slashed from several hundred thousand to just over 10,000, indicating a severe adjustment in employment figures [1] - The credibility of the employment data is now under scrutiny, with potential implications for market stability [1] Group 2: Market Impact - The significant deviation in employment data has led to turmoil in financial markets, reflecting investor uncertainty [1] - The situation is described as more dangerous than political flip-flopping, suggesting deeper systemic issues [1]

Core Insights - The U.S. added 73,000 jobs in July, indicating a moderate growth in the labor market [1] Group 1 - The non-farm payroll data for July shows an increase of 73,000 jobs, reflecting ongoing employment trends in the U.S. economy [1]

Group 1 - The core point of the article is the impact of the U.S. non-farm payroll data release on the U.S. dollar index, which experienced a short-term decline of approximately 40 points, currently reported at 99.79 [1]