费城联储总裁保尔森则表示，进一步降息或需等待，这影响市场对美联储短期政策走向的预期。 摘要周一(1月5日)亚洲时段，现货黄金上涨1.86%，现交投于989.73元/克附近，因美国抓捕委内瑞拉总 统马杜罗引发地缘政治风险升温，刺激避险资产需求。 周一(1月5日)亚洲时段，现货黄金上涨1.86%，现交投于989.73元/克附近，因美国抓捕委内瑞拉总统马 杜罗引发地缘政治风险升温，刺激避险资产需求。 特朗普在委内瑞拉事件后暗示可能采取更多干预行动，加剧市场不确定性。 未来几日将迎来多项关键数据：周一晚间将公布美国12月ISM制造业PMI，预计略低于荣枯线；周五将 发布美国非农就业报告，市场预计新增岗位5.5万个。 在2025年，受降息预期、避险需求及ETF资金流入推动，金价全年大涨64%，创下自1979年以来的最大 年度涨幅。 ...

摘要尽管本周回调，黄金与白银2025年仍录得历史性涨幅：现货黄金全年涨约66%，创1979年来最大年 度涨幅；现货白银飙升约160%，刷新史上最大涨幅纪录。铂金、钯金表现同样强劲，预计分别涨 135%、72%。 尽管本周回调，黄金与白银2025年仍录得历史性涨幅：现货黄金全年涨约66%，创1979年来最大年度涨 幅；现货白银飙升约160%，刷新史上最大涨幅纪录。铂金、钯金表现同样强劲，预计分别涨135%、 72%。 推动本轮行情的核心因素包括：美联储降息及宽松预期、地缘冲突避险需求、全球央行购金潮及ETF资 金流入。白银还受益战略矿产地位、供应限制与库存紧张；铂金受欧盟内燃机禁令立场松动、供应趋紧 及投资需求拉动。 截至北京时间周三(12月31日)16:41，现货黄金报4310.04美元/盎司，跌幅0.63%；现货白银报71.12美元/ 盎司，跌幅6.76%。 当前市场聚焦美联储1月27-28日政策会议，据12月纪要，决策者降息前对经济风险讨论深入，市场预期 本次会议将维持利率不变。 ...

截至12月26日，A500ETF华泰柏瑞、A500ETF南方、A500ETF基金、中证A500ETF、A500ETF易方达、 A500ETF龙头最新规模分别为485.56亿元、473.24亿元、397.85亿元、382.93亿元、346.57亿元、208.69 亿元。 从具体产品看，本轮A500ETF净流入呈现头部集中的特征。规模TOP6的A500ETF几乎承接了12月以来 所有的净流入，部分规模较小的产品反而有小幅净流出。 具体来看，A500ETF南方、A500ETF华泰柏瑞、A500ETF基金、中证A500ETF、A500ETF易方达、 A500ETF龙头自12月以来资金净流入额分别为248.25亿元、210.61亿元、181.96亿元、155.94亿元、 106.79亿元、68.75亿元，合计吸金超972亿元。 中证A500指数近期成为市场吸金王。截至12月26日，12月以来跟踪中证A500指数的40只ETF净流入资 金合计达960.65亿元。 财经频道更多独家策划、专家专栏，免费查阅>> 责任编辑：钟离 ...

中国ETF市场总规模首次突破6万亿元，达6.03万亿元，较年初增长61.6%，创历史新高。 2025年以来，50只ETF资金净流入超过百亿。 港股、黄金、证券、债券等成为年度的"吸金王"。 港股通互联网ETF成为年度"吸金状元"，狂揽570.73亿元；全球避险情绪浓厚之下，黄金ETF紧随其后，吸金417.05亿元；作为"牛市旗手"的证券ETF与 香港证券ETF，也均有超200亿元的资金涌入。 与此同时，债券型ETF强势崛起，短融ETF净流入350.47亿元，30年国债ETF净流入223.5亿元。 （责任编辑：刘静 HZ010） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容的准确性、可靠性或完整性提供任何明示或暗示的保证。请 读者仅作参考，并请自行承担全部责任。邮箱：news_center@staff.hexun.com | 代码 | 名称 | 2025年以来净流入额(亿元) 2025年以 | | | --- | --- | --- | --- | | 159792 | 港股通互联网ETF | 570.73 | 24.0 | | 218880 | 黄金E ...

在经历昨天短暂的一天调整后，全球贵金属市场迅速重拾涨势并集体爆发。受地缘政治紧张局势升级以及关键现货市场持续供应错配的推动，白 银、黄金价格创下历史新高，铂金与钯金亦同步走强。 现货白银在周五录得连续第五个交易日上涨，现报74.37美元/盎司，最高突破75美元/盎司，日内涨超4.5%，续创历史新高。 黄金价格则稳步回升，交投于每盎司4500美元上方，现报4502.46美元，最高涨至4530美元/盎司上方，再创历史新高。 铂金与钯金均在昨日回调后迅速反弹，其中现货铂金涨幅超过5%。 今年以来，黄金累计涨幅约70%，白银涨幅更是超过150%，两者均有望创下自1979年以来的最佳年度表现。尽管市场昨日出现获利了结引发的短 暂回调，但在美联储降息预期、央行持续购金以及ETF资金强劲流入的共同作用下，贵金属市场的上涨动能依然稳固。 白银：现货挤兑引发逼空，价格续创纪录 白银无疑是本轮反弹的领头羊，这一涨势主要得益于宏观避险需求与微观市场结构压力的双重叠加。 白银市场的供应紧张局势正在加剧。据华尔街见闻文章，伦敦白银市场正经历严峻的实物挤兑，关键指标"1年期白银掉期利率减去美国利率"已跌 至-7.18%。这一深度负值显示 ...

摘要今日周五(12月26日)亚盘时段，在宏观经济因素、地缘政治不确定性以及结构性需求的共同推动 下，黄金价格于2025年年底持续刷新历史纪录，现货黄金在圣诞节前一度短暂冲破4500美元重要心理关 口，随后在周三(12月24日)尾盘企稳于4480美元附近。 今日周五(12月26日)亚盘时段，在宏观经济因素、地缘政治不确定性以及结构性需求的共同推动下，黄 金价格于2025年年底持续刷新历史纪录，现货黄金在圣诞节前一度短暂冲破4500美元重要心理关口，随 后在周三(12月24日)尾盘企稳于4480美元附近。 【要闻速递】 2025年末黄金的强劲表现，源于多重宏观力量与结构性需求的协同推动。宏观层面，降息预期升温显著 降低黄金作为非生息资产的机会成本，本周有报道称美联储或在2026年进一步降息，直接增强其投资吸 引力；美元持续走弱则令非美买家入手成本下降、需求上升，2025年美元颓势或延续至次年，巩固贵金 属强势；中东紧张、俄乌局势未明、美扣委内瑞拉油轮等地缘风险升温激发避险买盘，叠加关税纷争、 全球市场动荡等政策不确定性，共同构筑黄金避险优势环境。 更关键的是结构性支撑：央行购金与ETF资金流入成牛市基石。2025 ...

从消息面看 国际黄金现创历史新高，核心受三重因素支撑。美联储年内三次降息，2026 年降息预期升温，降低持有成本。全球地缘风险高企，美委对峙、中东及俄乌 局势紧张推升避险需求。央行持续购金与 ETF 资金流入，提供坚实支撑，短期震荡偏强。 从技术面来上看： ❶：日线级别上:均线多头排列，MACD 零轴上方金叉，红柱延续中，RSI 超买状态运行中，警惕高位震荡。布林带开口向上，价格沿上轨运行。 稳妥者依托 4000 美元/盎司支撑位，在 4025-4035 美元/盎司再参与做多； 上方空单：激进者依托 4550 美元/盎司压制，承压后在 4545-4540 美元/盎司参与做空； 稳妥者依托 4600 美元/盎司压力位，在 4595-4585 美元/盎司再参与做空； ❸：1小时级别上:布林带开口扩大，MACD 零轴上方死叉运行，绿柱放量，多头动能暂缓。RSI 超买回落状态，警惕金价超买回落需求。 展望黄金后市操作： 下方多单：激进者依托 4150 美元/盎司支撑位，企稳后在 4165-4175 美元/盎司附近参与做多； ❷：4小时级别上:金价站稳 4400 美元关口，布林带开口收窄，MACD 死叉运行，绿柱放量中 ...

Group 1 - The core viewpoint of the news is the anticipation surrounding the upcoming reforms in the ChiNext board, as expressed by the Chairman of the China Securities Regulatory Commission, Wu Qing, during the 2025 Financial Street Forum [1] - The new reforms aim to establish listing standards that better align with the characteristics of innovative enterprises in emerging fields, providing more precise and inclusive financial services [1] - The previous reform initiated in June 2020, which introduced a registration system, significantly reshaped the ChiNext ecosystem and led to a substantial growth trend in the market [2] Group 2 - The ChiNext index outperformed the A-share market following the last reform, with a cumulative increase of 25.12% from August 24, 2020, to August 23, 2021, compared to the Shanghai Composite Index's 2.85% and the Shenzhen Component Index's 7.85% [2] - The first batch of companies listed under the new registration system saw an average increase of 212.4% on their debut, with some stocks rising over 1000% [2] - The number of companies with a market capitalization exceeding 100 billion yuan increased from 9 to 19 after the reform, indicating a significant upgrade in market structure [5] Group 3 - The ChiNext has evolved into a more stable and sustainable growth sector, with its index serving as a benchmark for emerging industries [6] - The market has shifted from a broad pursuit of growth to a focus on high-quality growth, particularly in sectors like new energy and semiconductors [7] - Recent inflows into ChiNext ETFs have been significant, with a net inflow of 227.9 billion yuan from June to August, suggesting a potential for continued valuation recovery [7]

Core Viewpoint - The significant drop in gold and silver prices on October 21 is attributed to profit-taking, easing global trade tensions, and a stronger US dollar, which has made precious metals more expensive for buyers [1][3]. Price Movements - On October 21, spot gold experienced a drop of over 5%, falling below $4,130 per ounce, marking the largest daily decline since August 2020. Spot silver saw an even larger decline, dropping over 7% and falling below $49 per ounce [1][3]. - Prior to this drop, gold had surged nearly 3% to surpass $4,300 per ounce on October 16, and silver had increased over 2% to exceed $54 per ounce, both reaching historical highs [3]. Market Influences - Analysts indicate that profit-taking and a reduction in safe-haven demand due to easing trade tensions are primary factors behind the recent price declines. Additionally, news regarding the potential end of the US government shutdown has further diminished market risk aversion [3][5]. - The geopolitical situation, particularly the Russia-Ukraine conflict, has also introduced volatility in the gold market, with European leaders expressing strong support for a ceasefire and increased pressure on Russia [1]. Future Outlook - Analysts from WisdomTree and UBS suggest that while gold prices may continue to rise, the current pace of increase is aggressive, leading to potential pullbacks whenever new highs are reached [5]. - HSBC forecasts that the momentum for gold prices could persist until 2026, driven by strong central bank purchases and ongoing fiscal concerns in the US, with a target price of $5,000 per ounce [6]. - Long-term bullish sentiment on gold remains intact, with factors such as US fiscal deficits and the depreciation of the dollar continuing to support gold as a hedge against currency weakness [6][7].

Core Viewpoint - Gold prices have reached a record high, driven by increased demand for safe-haven assets amid U.S.-China trade tensions [1] Group 1: Price Movements - Gold prices are holding above $4,100 per troy ounce, with futures in New York rising 0.1% to $4,136.20 an ounce [1] - Spot gold trades 2.3% higher at $4,110.34, having reached $4,190.90 earlier in the session [1] Group 2: Market Drivers - The rally in gold prices is attributed to growing political and economic uncertainties [1] - Expectations of further U.S. interest-rate cuts are contributing to the demand for gold [1] - Strong central-bank buying and inflows into ETFs are also driving the increase in gold prices [1]