美东时间10月8日（周三），黄金延续创新高的势头。现货黄金一度触及4050美元/盎司，COMEX黄金 期货涨1.40%报4060.60美元/盎司。 北京时间10月9日，黄金早盘跳水，现货黄金、COMEX黄金期货双双走跌。国内品牌金饰价格报价继 续上调。 截至发稿，据中新经纬，周生生足金饰品报价1174元/克，相较前一日1165元/克涨9元/克，而对比10月1 日1030元/克报价涨了44元；老庙黄金报价1176元/克，相较于前一日1160元/克上涨16元/克，而对比10 月1日1125元/克上涨51元/克。 ...

北京时间10月9日，黄金早盘跳水，现货黄金、COMEX黄金期货双双走跌。国内品牌金饰价格报价 继续上调。 截至发稿，据中新经纬，周生生足金饰品报价1174元/克，相较前一日1165元/克涨9元/克，而对 比10月1日1030元/克报价涨了44元；老庙黄金报价1176元/克，相较于前一日1160元/克上涨16 元/克，而对比10月1日1125元/克上涨51元/克。 美东时间10月8日（周三），黄金延续创新高的势头。现货黄金一度触及4050美元/盎司，COMEX 黄金期货涨1.40%报4060.60美元/盎司。 ...

每经AI快讯，10月8日，现货黄金触及3999美元/盎司的历史高位后短线快速回调8美元。 （文章来源：每日经济新闻） ...

Market Performance - On September 30, US stock indices collectively rose, with the Dow Jones increasing by 0.18% to 46,397.89 points, the S&P 500 up by 0.41% to 6,688.46 points, and the Nasdaq Composite rising by 0.3% to 22,660.01 points [2][3] - In September, the Dow Jones gained 1.87%, the S&P 500 rose by 3.53%, and the Nasdaq increased by 5.61% [5] Gold Market - Gold prices exhibited a "V" shaped movement, initially surpassing $3,870 per ounce before sharply dropping below $3,800, and later stabilizing around $3,860 per ounce [5] Oil Market - International oil prices fell on September 30, with WTI crude oil futures closing down 1.70% at $62.37 per barrel, and Brent crude oil futures down nearly 1.40% at $67.02 per barrel [6] Berkshire Hathaway Acquisition - Berkshire Hathaway is reportedly in talks to acquire Occidental Petroleum's chemical business, OxyChem, for approximately $10 billion [8] - If completed, this transaction would be Berkshire's largest acquisition since 2022 and is expected to be finalized within a few days [9] - Berkshire Hathaway is the largest shareholder of Occidental Petroleum, holding about 27% of its outstanding shares [10]

Core Insights - Gold prices have recently reached new highs, with significant inflows into ETFs, but the potential for volatility remains a key factor that could amplify price movements [1][3][12] Gold Price Trends - Gold rallied to an all-time high of over $1,900 per ounce in 2020, followed by a three-year period of sideways movement before breaking out again [1][4] - The current breakout shows a steep trend, with gold prices up approximately 250% from the 2016 lows, but still below the 650% increase seen earlier in the century [5][6] Central Bank Influence - Central banks have been the largest buyers of gold over the past decade, with countries like China and Russia leading the trend of dollarization [6] - A pause or sell-off by central banks could pose a significant challenge to gold prices [7] Economic Factors - A weaker dollar and lower government treasury yields generally support gold prices, with current conditions indicating potential dollar weakness [7][10] - The Federal Reserve's interest rate cuts are typically bullish for gold, while elevated long-term rates may lead some investors to shift from gold to bonds [8][10] Volatility and Market Dynamics - Gold volatility, represented by the GVZ index, is currently low, but an increase in volatility alongside rising gold prices could create a bullish feedback loop [9][10] - Monitoring gold flows and GVZ is essential, as extreme conditions may signal potential price pullbacks [10] Geopolitical and Inflation Factors - Gold serves as a hedge against inflation and geopolitical uncertainty, both of which can drive prices higher [8][11] - Monthly inflation reports and geopolitical developments are critical for short-term trading strategies in the gold market [11]

每经AI快讯，9月24日，现货黄金刚刚突破3770.00美元/盎司关口，最新报3770.08美元/盎司，日内涨 0.16%；COMEX黄金期货主力最新报3802.50美元/盎司，日内跌0.35%。 ...

【#金饰克价年内涨了300元#！#多品牌金饰克价涨到1105元#[泪奔]】美东时间周二（9月23日），国际 金价继续上涨，盘中创历史新高，不过在美联储主席鲍威尔发表讲话后，涨幅收窄。截至发稿， COMEX黄金期货、现货黄金双双转跌。北京时间9月24日，@中新经纬 查询到，国内品牌金饰方面， 周生生足金饰品报价1105元/克，较昨日1100元/克上涨5元/克；老庙黄金足金饰品报价1105元/克，较昨 日1097元/克上涨8元/克；老凤祥足金饰品报价已已达1105元/克。值得注意的是，周生生、老庙黄金、 老凤祥等多家品牌足金饰品1月2日报价在803-805元/克之间，相比9月24日1105元/克报价，年内均已上 调300元左右。 老凤祥京冀会员中心 2025年09月24日 09:14 北京 6 听全文 ☆ 星标 | 950 | 출규 | 1668 | | --- | --- | --- | | 铂金饰品 | | | | (每克) | 换金价 | ¥474 | | 生生金宝 | | $980 | | (每克) | 薬品 | | | 命老庙 | | 最新金价 | | 前老庙 给您带来好运气 | | | | 名称 | ...

Group 1 - The core point of the article is that the price of gold jewelry in China has increased significantly, with major brands now pricing their gold jewelry at 1105 yuan per gram, reflecting a rise of approximately 300 yuan per gram since the beginning of the year [1][3][4]. Group 2 - As of September 24, 2025, the prices for various gold jewelry brands are as follows: Chow Sang Sang at 1105 yuan/gram, Lao Miao at 1105 yuan/gram (up 8 yuan from 1097 yuan), and Lao Feng Xiang also at 1105 yuan/gram [1][3]. - The increase in gold prices is notable when compared to the prices at the beginning of the year, which were between 803-805 yuan/gram [1][3].

Summary of Key Points from the Conference Call on the Gold and Jewelry Industry Industry Overview - The gold and jewelry market showed significant improvement in Q3 2025, primarily due to a low base in Q3 2024, high sales proportion in Q3, and the end of the customer wait-and-see period following the gold price increase in April 2025 [1][7] - The overall market demand has recovered, with a slight increase in gold prices in early September having limited impact on the end market [1] Brand Performance - Different brands exhibited varied performance during the ordering sessions: - **Chow Tai Fook**: Average performance with a 4.5% growth in July, but a decline of 7% expected by the end of September [2][3] - **Chao Hong Ji**: Outstanding performance with a 43% growth in July and expected to maintain over 40% growth by the end of September [2][4] - **Lao Miao and Lao Feng Xiang**: Experienced a decline of approximately 12% in July and 13% by the end of September [2][3] - The sales of gold-inlaid products and gold bars have become new growth points, with significant increases in average transaction values [1][10] Market Trends and Consumer Behavior - The consumer behavior is increasingly complex, with demands for excellent product design, reasonable pricing, and brand recognition [21] - The "one-price" sales model has gained significant traction, especially for small gold items, showing strong growth momentum [23][24] - The gold recovery business has rapidly developed, although profit margins remain limited [27][28] Financial Performance and Profitability - Disparities in profitability among dealers are notable: - Chow Tai Fook dealers have a gross margin of about 20%, while Lao Miao and Lao Feng Xiang range from 25% to 30% [15] - Chao Hong Ji has a higher margin of 30% to 35%, with top performers achieving up to 35% [15] - The highest margins are seen in brands like Man Ka Long and Lai Shen Tong Ling, reaching up to 40% [15] Future Outlook - The gold and jewelry industry is expected to continue facing challenges, including significant brand differentiation and sales fluctuations due to holiday timing [5] - The upcoming peak season is anticipated to yield a 10% to 15% growth in Q4 2025, driven by traditional consumption patterns [20][17] - The industry is projected to experience a store closure wave, with 2025 expected to be a peak year for this trend, leading to a more concentrated competitive landscape among leading brands [31][32] Conclusion - The gold and jewelry industry is navigating a complex landscape characterized by varied brand performances, evolving consumer preferences, and significant financial disparities among dealers. The outlook remains cautiously optimistic, with expectations of growth in the upcoming peak season despite ongoing challenges.

对于大多数普通投资者来说，持有黄金无非是两种逻辑在发力。一边是看好黄金，比如遇到降息或美元信用下降；另一边是担心风险，比如高利率迟迟不 降、大家对黄金需求没那么强烈等等。金价的波动其实就是这两种力量不断角力的结果。即使长期看起来金价是稳步提升的，短期难免起起落落，还要经历 不少震荡和调整。 先来说说黄金价格的基本逻辑。实际上，黄金并不存在绝对的"价格天花板"。只要大家对黄金的需求一直强烈，而市场上的黄金供应跟不上，价格理论上是 能不断往上走的。现实情况中，黄金涨价总会遇到各种"动态阻力"或"理论上限"，让它很难一路飞涨没有回头。 我们可以从截然不同的两个角度出发，来理解这个事儿： 看理论层面。理论上黄金的涨幅没有绝对限制，只要有人接盘、需求旺盛，价格就有可能继续往上涨。可是市场是复杂的，不可能只看一面。通常情况下， 价格继续冲高，会触发各种反应，比如政策上的调整、需求的萎缩还是替代品出现，这些都会变成黄金价格上升的"拦路虎"。 再从实际情况分析。即使黄金没有明确的价格上限，可一旦涨得太厉害，市场和政策就会"踩刹车"。比如利率变动、国际局势变化、美元的影响，以及各国 央行对黄金的态度等，这些因素会对黄金价格形成 ...