黄金还能"闪耀"多久？ 10月9日，西部黄金（601069.SH）、四川黄金（001337.SZ）、山东黄金（600547.SH）、中金黄金（600489.SH）、招金黄金（000506.SZ）等涨 停。黄金股票ETF(159321)涨10.03%，黄金股ETF基金(159315)涨10.01%，黄金股票ETF(517400)涨9.47%。市场情绪瞬间被点燃。 然而，就在同一时刻，国际金价却呈现微妙背离——截至发稿，COMEX黄金期货报4047.1美元/盎司，微跌0.57%，连续两个交易日高位震荡。股 价狂飙与金价滞涨的"剪刀差"，成为观察当前黄金市场耐人寻味的信号：黄金是否已进入一个由多重非传统力量主导的"非常态上涨"阶段？ 产业资本增持背后 就在市场热议黄金股涨停潮之际，中国黄金（600916.SH）于10月9日盘前发布《关于控股股东首次增持公司股份暨增持计划进展公告》。公告显 示，控股股东中国黄金集团有限公司已于9月29日通过集中竞价增持236.93万股，占总股本0.14%，耗资约1945.19万元。此次增持系其2025年5月 29日启动的12个月增持计划的首笔操作，总金额区间为1.675亿至3.35亿 ...

Group 1 - The core viewpoint of the articles highlights China's strategic shift towards increasing gold reserves as a response to external risks and to optimize its international reserve composition, with the People's Bank of China increasing its gold reserves to 73.9 million ounces over the past eight months [1][3] - Over 90% of surveyed central banks globally expect to continue increasing their gold reserves in the next 12 months, marking the highest percentage since 2019, indicating a growing confidence in gold as a reserve asset [1][3] - The U.S. is responding to China's gold accumulation strategy by initiating a third round of negotiations, reflecting a sense of urgency to stabilize market confidence amid shifting global financial dynamics [3][7] Group 2 - The U.S. has attempted to leverage sanctions against Russia as a bargaining chip against China, indicating a strategy to pressure China into concessions, but China is prepared to counteract these measures and maintain its energy trade with Russia [5] - The contrasting approaches of the U.S. and China—Trump's urgency versus China's steady advancement in gold reserves—illustrate a broader struggle for economic dominance and the potential reshaping of the global economic order [7] - The ongoing U.S.-China negotiations are seen as pivotal in determining future international economic dynamics, with gold's status as a safe-haven asset likely to be further elevated [7]