Core Viewpoint - Gold and silver prices have been experiencing high volatility, with analysts expecting continued momentum in precious metals and the S&P 500, despite warnings from the Bank for International Settlements about potential dual bubbles [1][4]. Group 1: Market Performance - The S&P 500 has seen a year-to-date increase of over 16%, fluctuating around 6,850 points, while gold prices have recorded their best performance since 1979, with a year-to-date increase of over 50%, hovering around $4,200 per ounce [1][4]. - The S&P 500 has set over 20 record highs this year, and gold has nearly 50 new highs since breaking the $4,000 mark [1][4]. Group 2: Investor Behavior - The primary driving force behind the rise in both the stock and gold markets this year has been retail investors, who have been increasing their positions due to media hype and rising prices [2][5]. - There is a notable divergence between retail investors, who are seeing net inflows, and institutional investors, who have mostly chosen to reduce holdings or remain cautious [6]. Group 3: Market Risks - The influx of retail funds is not inherently problematic, but the divergence in direction from institutional investors may pose a risk for future volatility [2][6]. - The potential for emotional trading is heightened, as concentrated selling by retail investors could amplify price fluctuations and impact market stability [6]. Group 4: Fundamental Support - Despite gold prices entering overbought territory after surpassing $4,360 in October, the fundamental backdrop remains strong, with central banks expected to purchase approximately 900 tons of gold this year, which is still above the long-term average [3][6]. - The expectation of continued monetary easing by the Federal Reserve until 2026 is likely to support demand for precious metals through its effects on interest rates, long-term yields, and the dollar [3][6].

细分方向来看，直接配套低轨卫星组网需求，专注空间太阳能电池用锗晶片建设项目，国内锗产业链最 完整、产销量第一的云南锗业领涨超6%；受益于锂电池板块走强，锂业龙头盛新锂能涨近6%；黄金股 亦有亮眼表现，山金国际涨超3%，四川黄金涨逾2%。权重股紫金矿业、中国铝业涨逾1%。 图：有色龙头ETF标的指数涨幅前10大成份股 | 序号 | 名称 | 涨跌幅 ▼ | 两日陷 | 申万 -- 级行业 | 申万二级行业 | 申万三级行业 | 总市值 | 成交额 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 云南省业 | 6.31% | September 1 Nove | 布色合屈 | 小金属 | 其他小金属 | 1934Z | 30.68亿 | | 2 | 原新推能 | 5.97% | cond | 有色合居 | 能源合同 | 45 | 296Z | 24.534Z | | 3 | 白银有色 | 4.43% | 3 | 有色全属 | 工业主属 | स्टे | 3847 | 11.41 亿 | | प | 国域,亚 | 4.29% | 100 ...

冰冻三尺，非一日之寒，水滴石穿，非一日之功，投资也是同样的道理，稳中求进不可操之过急。哪怕你现在的单子出现了亏损或是套单，也不用过于焦 虑，只要方向对了，选择正确，那么失去的终将会再回来，聪明的人结伴而行，愚钝的人固步自封。不管现在看文章的你是处于盈利还是亏损状态，都需要 保持一颗平常心来对待，胜不骄败不馁。人生有好有坏，有进也有退，如何面对，都取决于我们的心态，不同的心境会有不同的结果，你笑天是蓝的，你哭 天是阴的。一个好的心态是走好投资之路的指南针。 原油最新行情趋势分析： 原油消息面解析：WTI原油在周三亚洲时段交投于58.40美元附近，市场情绪在强劲美元与供应恢复的双重压力下趋于谨慎。<美国发布的最新就业岗位数据 明显好于预期，使美元出现阶段性反弹，直接削弱以美元计价的大宗商品价格表现。从美国劳工统计局发布的最新JOLTS报告来看，9月和10月职位空缺分 别达到765.8万和767万，均高于市场预期，显示美国劳动力市场仍具韧性。从市场结构来看，油价短期波动更多是消息驱动，但中期仍存在两大主线：其一 是美国劳动力及经济数据是否持续强势，从而支撑美元；其二是供应侧事件频繁导致的不确定性。库存数据的"改善预 ...

摘要北京时间周三（12月10日）欧洲时段，美元指数现过山车，交投于99.078附近，金价目前交投于 4199.29美元/盎司，跌幅0.18%，最高触及4218.68美元/盎司，最低触及4194.00美元/盎司。由于美联储 将在今晚公布利率决议，目前市场预期美联储本周降息0.25个百分点的概率高达90%。然而，对通胀粘 性的担忧加剧了市场对FOMC声明和鲍威尔主席在新闻发布会上讲话可能更偏鹰派的预期。 北京时间周三 （12月10日）欧洲时段，美元指数现过山车，交投于99.078附近，金价目前交投于 4199.29美元/盎司，跌幅0.18%，最高触及4218.68美元/盎司，最低触及4194.00美元/盎司。由于美联储 将在今晚公布利率决议，目前市场预期美联储本周降息0.25个百分点的概率高达90%。然而，对通胀粘 性的担忧加剧了市场对FOMC声明和鲍威尔主席在新闻发布会上讲话可能更偏鹰派的预期。 今日黄金价格最新查询（2025年12月10日） | 名称 | 最新价 | 单位 | | --- | --- | --- | | 现货黄金 | 4199.29 | 美元/盎司 | | 黄金t+d | 951.30 | 元 ...

每经AI快讯，12月10日，香港恒生指数收涨0.42%，恒生科技指数涨0.48%。内房股午后走高，万科企 业涨超13%，融创中国涨超8%，融信中国涨超7%，世茂集团涨6%；黄金股普涨，灵宝黄金涨超9%， 紫金黄金国际涨超4%。 （文章来源：每日经济新闻） ...

（文章来源：每日经济新闻） 每经AI快讯，12月10日，黄金概念股午后走强，晓程科技涨超15%，湖南白银、山金国际、招金黄金跟 涨。 ...

Group 1 - The Hang Seng Index fell by 0.43%, down 109 points, closing at 25,324 points, while the Hang Seng Tech Index decreased by 0.68% [1] - Lithium carbonate futures for the 2605 contract rose over 3%, reaching a peak of 96,800 yuan/ton, leading to gains in lithium stocks such as Ganfeng Lithium, which increased by 3.16%, and Tianqi Lithium, which rose by over 2% [1] Group 2 - China Tungsten & Hightech Materials Co. remains optimistic about the tungsten price bull market, with Jiexin International Resources rising over 5% [2] - Silver Noble Pharmaceuticals-B surged over 18% after its GLP-1 receptor agonist, Eino Light®, was officially included in insurance coverage [2] - Gold stocks generally rose, with Zijin Mining International increasing by over 4% and Lingbao Gold rising by 9%, supported by multiple factors ahead of the Federal Reserve's decision [2] Group 3 - Baoji Pharmaceutical-B debuted with a significant increase of 124%, as its three core products are set to be commercialized soon [3] Group 4 - China Boton surged over 13% after signing a land acquisition agreement, which will provide cash compensation of 2.272 billion yuan [4] Group 5 - Red Star Macalline rose over 6% as the company deepens strategic cooperation with Zuo You Home to explore new retail transformation paths [5] Group 6 - China Metallurgical Group continued to decline by 3.72%, following a significant drop of over 21% the previous day after announcing plans to sell assets worth 60.7 billion yuan [6] Group 7 - Pacific Basin Shipping fell by over 9%, as the Baltic Dry Index dropped to a near two-week low [7] Group 8 - Smoore International decreased by over 8%, having halved from its year-to-date high, as major client British American Tobacco forecasted performance pressures for the next year [8]

人民财讯12月10日电，港股午间收盘，恒生指数跌0.43%，恒生科技指数跌0.68%。港口运输股下跌， 太平洋航运跌超9%；黄金股逆势上涨，灵宝黄金涨超10%。 ...

Group 1 - The Hang Seng Index fell by 0.43%, down 109 points, closing at 25,324 points, while the Hang Seng Tech Index decreased by 0.68% [1] - Lithium carbonate futures for the 2605 contract rose over 3%, reaching a peak of 96,800 yuan/ton, leading to gains in lithium stocks such as Ganfeng Lithium, which increased by 3.16%, and Tianqi Lithium, which rose by over 2% [1] - China Molybdenum's stock price increased by over 5% as CICC remains optimistic about the tungsten price bull market [2] Group 2 - Silver Noble Pharmaceuticals-B surged over 18% after officially entering the GLP-1 receptor agonist market with its product Yinuo Qing [3] - Gold stocks generally rose, supported by a strong precious metals market ahead of the Federal Reserve's decision, with Zijin Mining International increasing by over 4% and Lingbao Gold rising by 9% [3] - Baoyi Pharmaceutical-B debuted with a significant increase of 124%, as three core products are set to be commercialized soon [4] Group 3 - China Boton saw its stock price rise by over 13% after signing a land acquisition agreement, which will provide cash compensation of 2.272 billion yuan [5] - Red Star Macalline's stock increased by over 6% as the company deepens strategic cooperation with Zuo You Home to explore new retail transformation paths [6] - China Metallurgical Group's stock continued to decline by 3.72%, following a significant drop of over 21% after announcing plans to sell assets worth 60.7 billion yuan [7] Group 4 - Pacific Shipping's stock fell by over 9% as the Baltic Dry Index dropped to a near two-week low [8] - Smoore International's stock decreased by over 8%, having halved from its year-to-date high, as major client British American Tobacco forecasted performance pressure for the next year [9]

Market Overview - The Hong Kong stock market indices collectively declined, with the Hang Seng Index down by 0.43% to 25,324.75 points, the Hang Seng Tech Index down by 0.68%, and the State-Owned Enterprises Index down by 0.51% [1][9][10] Sector Performance - Technology stocks showed mixed results, with NetEase and Bilibili each dropping over 1%, Tencent down by 1%, while Meituan rose by over 1% [1][9] - Gold stocks experienced a general increase, with Lingbao Gold rising over 10% [1][4][10] - Solar energy stocks weakened, with GCL-Poly Energy falling over 3% [1][5][10] - Chinese brokerage stocks opened high but closed lower, with China Merchants Securities dropping over 3% [1][6][10] New Listings - Two new stocks were listed today, with Tudatong rising by 34% and Baoji Pharmaceutical increasing by over 125% [1][7][10] - Tudatong, through a merger with TechStar Acquisition Corporation, raised approximately HKD 1.027 billion [7][16] Gold Market Insights - The gold market strengthened ahead of the Federal Reserve's decision, with spot silver surpassing USD 61 per ounce, marking a historical high and a year-to-date increase of over 100%; spot gold exceeded USD 4,210 per ounce [4][10] Solar Industry Analysis - The solar industry is undergoing a phase of "de-involution," with significant improvements expected in Q3 for upstream segments, focusing on supply-side measures and demand-side support from the "14th Five-Year Plan" [5][13]