④【美国稀土公司USA Rare Earth涨45%】美国稀土公司（USA Rare Earth）盘前涨45%。消息面上，当地时间1月25日，据媒体报道，为破解关键矿产供 应链困局，特朗普政府计划向美国稀土公司注资16亿美元，这是美国在稀土领域迄今最大一笔投资。 每经记者｜宋欣悦 每经编辑｜程鹏 高涵 ①【三大期指涨跌不一】截至发稿，道指期货涨0.06%、标普500指数期货涨0.01%、纳指期货跌0.12%。 ②【金矿股盘前大幅上涨，纽蒙特黄金公司涨4.6%】美国金矿股盘前大幅上涨，纽蒙特黄金公司涨4.6%，巴里克矿业上涨3.5%。消息面上，1月26日，现 货黄金价格一度突破5100美元/盎司。 ③【存储板块盘前走低，美光科技跌1.8%】美股存储板块盘前走低。截至发稿，美光科技跌1.8%，闪迪跌1.6%，西部数据跌1.0%，希捷科技跌0.75%。 ⑧【杰富瑞：AI支出已进入新阶段，定价权转移至存储器生产商手中】杰富瑞报告称，人工智能支出多年来的激增已进入一个新阶段，定价权不再掌握 在芯片设计商或云平台手中，而是掌握在存储器生产商手中。市场普遍预期，AI热潮推动的这场存储"超级周期"似乎将继续演绎。 ⑤【一季度 ...

Core Viewpoint - The article highlights the significant rise in gold stocks following the surge in spot gold prices, with a notable increase in trading activity and market sentiment towards gold-related companies, particularly Hunan Gold, which has seen its stock price hit the upper limit due to strong performance expectations and market dynamics [1][6]. Group 1: Market Performance - On January 26, all gold stocks in the Wind precious metals sector experienced gains, with at least 12 stocks hitting the daily limit up, indicating extreme market enthusiasm for gold stocks following the spot gold price surpassing $5,000 [1]. - Hunan Gold's stock opened with a "limit up" and closed at a market capitalization of nearly 400 billion [6]. Group 2: Financial Projections - Hunan Gold expects its net profit for 2025 to reach between 1.27 billion to 1.61 billion, representing a year-on-year growth of 50% to 90%, marking the first time its annual profit exceeds 1 billion since its listing in 2007 [3][12]. - The company produced 37.34 tons of gold in the first half of 2025, with self-produced gold accounting for only 1.72 tons, indicating a reliance on refining operations for profitability [4]. Group 3: Business Strategy and Acquisitions - Hunan Gold plans to acquire 100% of Tianyue Mining and Zhongnan Smelting, which are expected to enhance its resource self-sufficiency and profitability, with projected combined revenues of approximately 3 billion and net profits of around 200 million from these acquisitions [14][18]. - The acquisition of Tianyue Mining will allow for more efficient development of gold resources in the Wangu mining area, while Zhongnan Smelting specializes in processing high-arsenic and high-sulfur gold concentrates [16][17]. Group 4: Profit Structure and Market Trends - In the first half of 2025, Hunan Gold's revenue totaled 28.436 billion, with gold product revenue accounting for 94.68%, although the gross margin for gold products decreased by 1.4 percentage points to 2.43% due to rising costs [8][9]. - The profit structure is expected to shift in the second half of 2025, with gold and tungsten products potentially contributing more to profits as prices fluctuate, while antimony product profits may decline [11][12].

Market Overview - The Shanghai Composite Index closed at 4132.61 points, down 0.09%, while the Shenzhen Component Index closed at 14316.64 points, down 0.85%. The ChiNext Index fell by 0.91%, and the STAR Market 50 Index decreased by 1.35% [1] Stock Performance - Among the tradable A-shares, 1604 stocks rose, accounting for 29.36%, while 3771 stocks fell. There were 77 stocks that hit the daily limit up, and 42 stocks that hit the daily limit down. Additionally, 53 stocks failed to hit the limit, resulting in an overall limit-up rate of 59.23% [1] - The sectors with the highest number of stocks hitting the limit up included non-ferrous metals, pharmaceuticals, and machinery, with 21, 11, and 9 stocks respectively [1] Specific Stock Highlights - Among the stocks that hit the limit up, 7 were ST stocks, including ST Jinglan and ST Jingji. Baiyin Nonferrous has recorded 5 consecutive limit-up days, the highest among all stocks [2] - In terms of limit-up order amounts, Hunan Gold, Mingyang Smart Energy, and Tianqi Co. had the largest amounts, with 4.443 billion, 871 million, and 732 million respectively. Hunan Gold resumed trading and achieved a limit-up on the news that spot gold prices surpassed $5000 for the first time, reaching a peak of $5111.17 per ounce, an increase of over 2% [2] Market Trends - According to Debon Securities, precious metals and non-ferrous metals are showing strong performance. Specifically, precious metals are leading in international commodities, with silver prices soaring and significant increases in tin, gold, and nickel prices. The domestic market reflects a similar trend with strong performances in precious metals, non-ferrous metals, and energy chemicals, with silver leading the gains [2] Order Strength Analysis - In terms of order strength (the proportion of limit orders to circulating A-shares), Zhongnong United, Hunan Gold, and Tianqi Co. showed significant strength, with ratios of 14.40%, 11.25%, and 7.92% respectively [3]

成交额前三的个股中，阿里巴巴跌1.96%，成交超112亿港元；腾讯控股涨0.76%，成交超104亿港元； 紫金矿业涨4.35%，成交超57亿港元。 整体来看，多数板块下跌，黄金、有色金属、光通讯、石油与天然气、高铁基建等股多为上涨，科网、 银行、券商、房地产、电信等股有涨有跌，百货业、风电、生物医药、新能源车企、芯片、新消费、商 业航天等股多有下跌。 个股方面，小米集团跌2.81%，泡泡玛特跌0.91%，中芯国际跌3.27%，中国海洋石油涨4.01%，美团跌 0.46%，老铺黄金涨7.80%，快手跌3.26%，长飞光纤光缆涨17.82%，国泰君安国际涨3.33%，智谱涨 13.02%，建设银行涨0.66%，小鹏汽车跌4.17%，长和涨3.50%，中国石油股份涨3.68%。 新华财经香港1月26日电（记者林迎楠）26日，港股主要指数高开后震荡整理，截至收盘，恒生指数上 涨0.06%至26765.52点，恒生科技指数下跌1.24%至5725.99点，国企指数下跌0.15%至9147.21点。 当日恒指高开94.53点，开报26844.04点，指数早盘期间宽幅震荡，午后窄幅整理，最终恒指涨16.01 点，主板成交超 ...

截至今日（1月26日）收盘，上证指数报收4132.61点，下跌0.09%；深证成指收于14316.64点，下跌 0.85%。创业板指下跌0.91%；科创50指数下跌1.35%。 不含未开板新股，今日可交易A股中，上涨个股有1604只，占比29.36%，下跌个股有3771只。其中，收 盘封死涨停的有77只，跌停股有42只。另外，53股封板未遂，整体封板率为59.23%。 德邦证券指出，贵金属与有色金属表现强势。具体来看，国际商品中"贵金属领涨，银价飙升，锡、 金、镍价大涨"。国内市场同样呈现"贵金属、有色、能化强势，白银领涨"的格局。 从封单力度（封单量占流通A股比例）来看，中农联合、湖南黄金、天奇股份等力度较大，分别为 14.40%、11.25%、7.92%。 | | | | 1月26日涨停封单资金居前的个股 | | | --- | --- | --- | --- | --- | | 代码 | 简称 | 涨停封单额 (亿元) | 涨停板情况 | 涨停原因 | | 002155 | 湖南黄金 | 44.43 | 首板 | 重组复牌+黄金预增+湖南国资 | | 601615 | 明阳智能 | 8.71 | 3连板 ...

新京报贝壳财经记者 潘亦纯 编辑 王进雨 校对 柳宝庆 意料之外，情理之中。1月26日，COMEX黄金期货站上5000美元/盎司，并一度突破5100美元/盎司。 这一突破是黄金自2025年以来持续强势上涨的必然结果。2025年内，金价屡创新高，COMEX黄金期货 接连突破3000美元/盎司、3500美元/盎司、4000美元/盎司及4500美元/盎司的历史大关。 金价从4500美元/盎司到涨破5000美元/盎司，仅过了一个月时间。这也"打脸"了不少国际机构。此前， 摩根士丹利、摩根大通、高盛对2026年金价的预测区间大约在4800美元/盎司-5055美元/盎司之间，但今 年开年不足1月，金价已涨破预期。 看多声音逐渐在市场掀起"黄金狂欢"。不过，也有机构提示风险称，近期金价或波动显著，投资者可待 波动率下降后择机参与。国投期货研报称，黄金、白银分别突破5000美元/盎司和100美元/盎司整数关 口后需要警惕资金阶段性获利了结带来的波动，技术指标持续超买也有一定修复的诉求，等待构筑震荡 平台以及波动率下降后择机再参与为宜。 美国主导的地缘风险飙升，金价一年多已涨近80% 1月26日，金价一如看涨预期，突破5000 ...

截至今日(1月26日)收盘，上证指数报收4132.61点，下跌0.09%；深证成指收于14316.64点，下跌 0.85%。创业板指下跌0.91%；科创50指数下跌1.35%。 德邦证券指出，贵金属与有色金属表现强势。具体来看，国际商品中"贵金属领涨，银价飙升，锡、 金、镍价大涨"。国内市场同样呈现"贵金属、有色、能化强势，白银领涨"的格局。 从封单力度(封单量占流通A股比例)来看，中农联合、湖南黄金、天奇股份等力度较大，分别为 14.40%、11.25%、7.92%。 | | | | 1月26日涨停封单资金居前的个股 | | | --- | --- | --- | --- | --- | | 代码 | 简称 | 涨停封单额 (亿元) | 涨停板情况 | 涨停原因 | | 002155 | 湖南黄金 | 44.43 | 首板 | 重组复牌+黄金预增+湖南国资 | | 601615 | 明阳智能 | 8.71 | 3连板 | 收购芯片+太空光伏+风电龙头 | | 002009 | 天奇股份 | 7.32 | 首板 | 人形机器人+锂电循环 | | 300017 | 网宿科技 | 4.65 | 首板 | 边缘AI ...

Market Analysis - A-share market showed mixed performance with the Shanghai Composite Index closing at 4132.61, down 0.09%, while the Shenzhen Component Index fell 0.85% to 14316.64[2] - Total market turnover increased to 3.28 trillion yuan, up 5.2% from the previous trading day, marking the second consecutive day above 3 trillion yuan[2] Precious Metals Performance - Precious metals led the market with the gold jewelry index rising 7.08%, and international spot gold surpassing 5100 USD/oz, reaching a historical high[5] - Silver futures prices climbed to 100 USD/oz, contributing to rapid valuation recovery in the industry chain[5] Commodity Market Trends - The Nanhua Commodity Index closed at 2829.85, up 1.59%, with silver leading gains at 12.78%, platinum up 9.68%, and gold rising 3.67%[7] - Energy and shipping sectors also saw gains, with fuel prices increasing by 6.81%[7] Bond Market Insights - The bond futures market showed mixed results, with the 30-year contract (TL2603) rising 0.20% to 112.51 yuan, while the 10-year contract (T2603) fell 0.02% to 108.18 yuan[7] - The central bank conducted a net withdrawal of 207.8 billion yuan, indicating a tightening liquidity environment[7] Investment Recommendations - Focus on sectors such as photovoltaic, commercial aerospace, and precious metals, while being cautious of speculative risks in concept stocks[7] - Monitor upcoming performance forecasts and the impact of the Federal Reserve's meeting on January 28[13]

【导读】黄金股狂欢！香港金管局重磅宣布，人民币业务资金安排总额度增至2000亿元 中国基金报记者 伊万 1月26日，港股全日呈现高开低走行情，最终三大指数涨跌不一，仅恒生指数收涨。截至收盘，恒生指数涨0.06%，报26765.52点；恒生科技指数跌 1.24%，报5725.99点；恒生国企指数跌0.15%，报9147.21点。 盘面上，大型科技股涨跌不一，京东涨超1%，百度、快手跌超3%，小米跌超2%，阿里巴巴跌超1%；石油股强势，中石油涨超3%；金价高涨，黄金股普 涨，中国黄金国际涨超8%；有色金属股普涨，洛阳钼业涨超6%，山东黄金、紫金矿业涨超4%。 另一方面，商业航天股持续下跌，亚太卫星跌超11%；应用软件弱势，九方智投跌超25%。 1月26日，香港金融管理局（金管局）宣布，其人民币业务资金安排的总额度将由目前的1000亿元人民币增加至2000亿元人民币，新额度将于2月2日起生 效。 黄金股狂欢 1月26日，现货黄金站上5100美元/盎司，续创历史新高。 黄金股普涨，中国黄金国际涨超8%，赤峰黄金涨超7%，山东黄金、紫金矿业、灵宝黄金涨超4%，招金矿业、紫金黄金国际涨超1%。 | 中国黄金国际 | 23 ...

Core Viewpoint - The current bull market in precious metals is driven primarily by investor expectations of the Federal Reserve's loose monetary policy, alongside factors such as economic downturn pressures in the U.S., persistent inflation, rising risks of de-globalization, and global geopolitical uncertainties [1] Group 1: Market Dynamics - International gold prices have surpassed $5,000 per ounce, largely due to a resurgence in market risk aversion, which has increased demand for gold [1] - Recent threats from U.S. President Trump regarding tariffs on Canadian exports if Canada reaches a trade agreement with China have heightened market tensions [1] - The arrival of the U.S. Navy's Abraham Lincoln carrier strike group in the Middle East has further escalated geopolitical concerns, contributing to the surge in gold prices [1] Group 2: Price Forecast - The international gold price is expected to fluctuate between $4,800 and $5,200 per ounce before the Chinese New Year, influenced by the upcoming Federal Reserve meeting in January [1] - If the pace of interest rate cuts does not meet market expectations, it may lead to a correction in gold prices [1] - Ongoing trade policies and geopolitical risks are likely to remain volatile, providing some support for gold prices due to persistent risk aversion [1]