北京时间9月3日晚间，现货黄金首次升至3560美元/盎司上方，再创历史新高，年内累涨逾35%。美股黄金股开盘上涨，其中哈莫尼黄金涨逾5%，盎格鲁 黄金涨逾3%。 值得一提的是，国际金价已连续七个交易日上涨。 9月3日，国内多家黄金珠宝品牌公布的境内足金首饰价格继续上涨，周生生足金饰品价格为1056元/克；老庙足金饰品价格为1052元/克；周大福足金（饰 品、工艺品类）价格为1053元/克。 9月3日下午，上海黄金交易所发布通知，对黄金延期品种与白银延期合约交易保证金水平和涨跌停板比例进行调整。 自2025年9月5日（星期五）收盘清算时起，Au（T+D）、mAu（T+D）、Au（T+N1）、Au（T+N2）、NYAuTN06、NYAuTN12等合约的保证金水平从 13%调整为14%，下一交易日起涨跌幅度限制从12%调整为13%；Ag（T+D）合约的保证金水平从16%调整为17%，下一交易日起涨跌幅度限制从15%调整 为16%。 上金所要求各会员增强风险防范意识，做细做好风险应急预案，提示投资者做好风险防范工作，合理控制仓位，理性投资，确保市场稳定健康运行。 金饰价涨破1050元 市民告诉记者："今天没有出多少， ...

北京时间9月3日晚间，现货黄金首次升至3560美元/盎司上方，再创历史新高，年内累涨逾35%。美股黄金股开盘上涨，其中哈莫尼黄金涨逾5%，盎格鲁 黄金涨逾3%。 值得一提的是，国际金价已连续七个交易日上涨。 9月3日下午，上海黄金交易所发布通知，对黄金延期品种与白银延期合约交易保证金水平和涨跌停板比例进行调整。 自2025年9月5日（星期五）收盘清算时起，Au（T+D）、mAu（T+D）、Au（T+N1）、Au（T+N2）、NYAuTN06、NYAuTN12等合约的保证金水平从 13%调整为14%，下一交易日起涨跌幅度限制从12%调整为13%；Ag（T+D）合约的保证金水平从16%调整为17%，下一交易日起涨跌幅度限制从15%调整 上金所要求各会员增强风险防范意识，做细做好风险应急预案，提示投资者做好风险防范工作，合理控制仓位，理性投资，确保市场稳定健康运行。 金饰价涨破1050元 9月3日，国内多家黄金珠宝品牌公布的境内足金首饰价格继续上涨，周生生足金饰品价格为1056元/克；老庙足金饰品价格为1052元/克；周大福足金（饰 品、工艺品类）价格为1053元/克。 | 首会专区 | | | | | | --- ...

Core Viewpoint - The Shanghai Gold Exchange has announced adjustments to the margin levels and price fluctuation limits for gold and silver contracts due to the recent surge in prices, emphasizing the need for enhanced risk management among members and investors [1][3][4]. Summary by Sections Margin and Price Limits Adjustment - Starting from September 5, 2025, the margin level for various gold contracts will increase from 13% to 14%, and the price fluctuation limit will rise from 12% to 13%. For silver contracts, the margin will increase from 16% to 17%, with the fluctuation limit changing from 15% to 16% [3]. Market Performance - Gold and silver prices have recently experienced significant increases, with gold reaching a peak of nearly $3547 per ounce on September 3 [5][10]. Physical Gold Prices - On September 3, domestic gold jewelry brands reported rising prices for gold jewelry, with prices reaching 1056 CNY per gram for Chow Sang Sang and 1053 CNY per gram for brands like Chow Tai Fook and Luk Fook [8]. Macro Economic Factors - The market sentiment has shifted towards a risk-averse mode, influenced by expectations of interest rate cuts by the Federal Reserve and geopolitical tensions, which have driven up the prices of safe-haven assets like gold and silver [10]. Silver Market Dynamics - Silver's industrial demand, particularly in the photovoltaic sector, has contributed to a supply deficit for five consecutive years, further driving up prices. Analysts predict that silver will outperform gold by the end of the year, with potential price increases driven by a favorable gold-silver ratio [11]. Digital Gold Initiative - The World Gold Council is exploring a digital form of gold, named the "Gold Ownership Pool," which aims to revolutionize the physical gold market by allowing fractional ownership of physical gold. This initiative is set to pilot in London in the first quarter of next year [11][12].

FT：世界黄金协会WGC正探索推出一种数字形式的黄金，可能会创造一种新的黄金交易、结算和抵押方式，从而彻底改变伦敦9000亿美元的黄金实物市场。WGC CEO Tait介绍称，新的数字单元被称为“黄金权益池”或PGI（pooled gold interests），允许银行和投资者买卖独立账户中持有的实物黄金的分散所有权，明年第一季度试运行。 ...