2025年7月25日 黄金行情分析 近期影响黄金涨跌的基本面美国总统罕见造访美联储总部，与主席鲍威尔就总部翻修项目的成本问题正面交 锋。其指出，项目预算已飙升至31亿美元，而鲍威尔则反驳称该数据不准确，双方在媒体面前公开分歧，而 一个国家总统如此关注一个大楼大装修，主要目的还是逼迫美联储主席能尽快降息，关税方面上周日本妥 协，美国将对日本商品征收15%的关税，而日本则承诺向美国投资5500亿美元。地缘局势方面柬埔寨与泰国 边境地区发生激烈冲突，局势急剧升级。泰国方面表示，冲突已至少造成该国33人死亡、28人受伤。香港第 一金市场部负责人陈生：PPLDYJ认为这种冲突主要因素除了高层对抗之外，主要还是划界不清引起的，冲 突扩大化的机会不大。 四小时线也是到了双重底的形态，k线两次抵达3323美元/盎司附近，都是能够强势拉升，这次市场再一次验 证有效，底部大阳线拉升，明显的多头稳住了，k线也是必然要奔着均线去，均线向下运行出现明显的放 缓，按下暂停键了，今天多头也是看反弹，但不排除现货黄金走势在本周现有回落在重新创深V走势的形 态，因此在策略建议上，不马虎直接买入黄金。 同时米国老特对冲泰柬冲突表示，不停火就不谈 ...

黄金多头趋势顺利结束！当下仍有其他趋势机会？ 黄金多头目标顺利到达！趋势结束后为何暴跌？当下仍有其他趋势机会！最新一期《Steven趋势方程 式》栏目已经更新，点击即可把握全新趋势机会>> 相关链接 ...

Group 1: Gold Market Trends - Gold prices have recently surpassed $3400 per ounce, marking a significant increase of nearly 1.5% due to weakening of the US dollar and bond yields amid trade negotiation uncertainties [1] - The demand for gold is being supported by geopolitical tensions and trade uncertainties, with the EU considering broader countermeasures against the US due to bleak prospects for a trade agreement [1][2] - Central banks are expected to continue increasing their gold reserves, with over 90% of surveyed central banks indicating plans to buy more gold in the next 12 months, the highest percentage since the survey began in 2019 [3] Group 2: Central Bank and Economic Factors - The trend of central banks purchasing gold remains strong, with China's gold reserves reported at 73.9 million ounces as of June, marking an increase for the eighth consecutive month [3] - The geopolitical risks and inflation concerns are driving investors towards gold as a defensive asset, with expectations of continued price increases in the coming weeks [2][4] - The Federal Reserve's potential for interest rate cuts and ongoing global uncertainties are expected to support a long-term upward trend in gold prices [4] Group 3: Company Insights - Zijin Mining (02899) is projected to have a compound annual growth rate (CAGR) of 12% in gold production from 2020 to 2024, with strong performance in resource acquisition and production capabilities [5] - Zhaojin Mining (01818) benefits from excellent gold resources and ongoing projects that are expected to drive future growth, supported by rising gold prices due to geopolitical risks [6] - Shandong Gold (01787) has a rich resource base and ongoing expansion projects, with projected net profits increasing significantly from 30.30 billion to 59.38 billion yuan from 2024 to 2026 [6] - Lingbao Gold (03330) has substantial gold reserves and is implementing a "going out" strategy to focus on overseas quality resources, enhancing its growth potential [6]

Core Viewpoint - The article discusses the recent volatility in gold prices and questions whether the overall upward trend has changed, highlighting the increasing market anxiety and the search for investment opportunities in this environment [1] Group 1 - Gold prices are experiencing increased volatility, raising concerns about a potential shift in the overall upward trend [1] - Market anxiety is intensifying, prompting investors to seek opportunities amidst the current market conditions [1]

Group 1 - The article indicates a bullish trend forming for gold in the short term, suggesting potential for further gains during the U.S. trading session [1] - There is a focus on whether the price will retrace and provide an opportunity for buying, highlighting the importance of market timing for traders [1]

Core Viewpoint - The situation in the Middle East is becoming tense again, which may lead to a significant jump in gold prices next week, indicating a potential resurgence of bullish trends in the gold market [1] Group 1 - The upcoming week may see a substantial gap up in gold prices due to the escalating tensions in the Middle East [1] - There is an expectation for gold bulls to strategize their positions in light of the current geopolitical climate [1]

Group 1 - The core viewpoint indicates a bullish trend for gold, with targets set at 3500, while silver shows resilience against pullbacks [1] - The latest update from the "Steven Trend Equation" segment highlights the ongoing momentum in the gold and silver markets, particularly in the context of European and American bullish positions [1]

Core Viewpoint - The article discusses the current situation of gold prices approaching the 3385 mark, indicating a potential trend for bullish investors and raises questions about when gold might experience a significant breakout [1] Group 1 - Gold prices are challenging the 3385 level, suggesting a critical resistance point for the market [1] - There is speculation among analysts about the potential for a bullish trend in gold, indicating growing investor interest [1] - The article highlights a live broadcast by researcher Steven, focusing on the analysis of gold's market movements and potential future trends [1]

Core Viewpoint - The market is currently overshadowed by tariff concerns, leading to fluctuations in gold prices, specifically a drop below 3345, while strong demand for low-priced purchases is noted. The continuation of the bullish trend remains uncertain [1] Group 1 - Tariff issues are impacting market stability, creating a negative sentiment among investors [1] - Gold prices have experienced a significant decline, falling below the 3345 mark, indicating volatility in the precious metals market [1] - There is a strong demand for low-priced gold, suggesting that investors are looking for buying opportunities despite the current market conditions [1] Group 2 - The potential for a continuation of the bullish trend in gold prices is being questioned, reflecting uncertainty in market outlook [1]

Core Viewpoint - The article discusses the potential for a rebound or reversal in gold prices, highlighting the anticipation among bullish investors for a new trend to emerge [1] Group 1 - Bullish investors are eager to see if a new trend in gold prices can be established [1] - The article features a live discussion by researcher Steven, indicating active engagement in market analysis [1]