12月10日，A股三大指数集体回调，COMEX黄金、白银期货价格止跌回升，黄金有色相关产品盘中强 势，截至10:00，有色金属ETF基金(516650)盘中转跌0.07%，黄金ETF华夏(518850)涨0.63%，黄金股 ETF(159562)涨0.86%，其持仓股湖南白银涨超4%，老铺黄金、白银有色、山金国际、晓程科技等股纷 纷走强。 统计显示，黄金ETF华夏(518850)近5天获得连续资金净流入，合计"吸金"4.10亿元。截至12月9日，产 品最新份额达11.24亿份，创成立以来新高。（数据来源：Wind） 宝城期货分析认为，昨日亚洲盘后金价走强，夜盘沪金也企稳回升，但上涨幅度有限。11月下旬以来金 价上行的动力主要来自于美联储降息预期持续升温，美元指数高位回落。短期市场对美联储降息预期计 价较为充分，而市场风险偏好回升使金价承压。临近美联储12月议息会议，短期市场趋于谨慎，黄金波 动下降，等待议息会议结果。美元指数短期反弹也使金价承压。短期预计维持震荡运行。 以上内容与数据，与有连云立场无关，不构成投资建议。据此操作，风险自担。 ...

（原标题：灵宝黄金(03330)股东将股票由浦银国际证券转入中信证券经纪香港 转仓市值9.37亿港元） 灵宝黄金12月3日发布公告称，董事会已审议及批准本公司若干股东持有的公司1835.98万股未上市内资 股建议实施全流通，约占于本公告日期公司股本总额1.43%。于2025年12月2日，公司已就H股全流通向 中国证监会提交备案。 于本公告日期，公司尚未就转换及上市向联交所提出申请，且公司H股全流通和转换及上市的实施计划 详情尚未落实。H股全流通仍待获得所有相关批准方可作实，包括中国证监会的备案通知、有关内资股 转换为公司H股及联交所批准有关H股在联交所主板上市买卖。 智通财经APP获悉，香港联交所最新资料显示，12月9日，灵宝黄金(03330)股东将股票由浦银国际证券 转入中信证券经纪香港，转仓市值9.37亿港元，占比5.01%。 ...

灵宝黄金12月3日发布公告称，董事会已审议及批准本公司若干股东持有的公司1835.98万股未上市内资 股建议实施全流通，约占于本公告日期公司股本总额1.43%。于2025年12月2日，公司已就H股全流通向 中国证监会提交备案。 于本公告日期，公司尚未就转换及上市向联交所提出申请，且公司H股全流通和转换及上市的实施计划 详情尚未落实。H股全流通仍待获得所有相关批准方可作实，包括中国证监会的备案通知、有关内资股 转换为公司H股及联交所批准有关H股在联交所主板上市买卖。 香港联交所最新资料显示，12月9日，灵宝黄金(03330)股东将股票由浦银国际证券转入中信证券经纪香 港，转仓市值9.37亿港元，占比5.01%。 ...

Group 1 - China's official gold reserves reached a new high of 74.12 million ounces (2305 tons) as of December 7, 2025, indicating a strategic shift in asset allocation away from U.S. Treasury bonds [1] - In September, China reduced its holdings of U.S. Treasury bonds by $500 million, while the UK significantly cut its holdings by $39.3 billion, reflecting a broader trend among central banks to diversify away from the dollar [1][3] - The reliance on the dollar for oil, treasury bonds, and gold is diminishing, with an increasing number of oil transactions being settled in local currencies, leading to a rise in gold's popularity among central banks and the public [3] Group 2 - The U.S. is attempting to reduce its global military commitments and shift responsibilities to allies, particularly in the East, which may indicate a strategic retreat from its role as a global police force [5][6] - Trump's approach to international relations includes a focus on "shared governance," which aims to transfer responsibilities to China, reflecting a desire to offload international burdens [6][11] - The timing of China's gold reserve announcement, just before Trump's visit to China, suggests a calculated move to assert its position in negotiations and indicate a shift in power dynamics [10][11] Group 3 - The perception of the dollar's supremacy is changing, with even close allies adjusting their strategies, indicating a potential weakening of the existing financial system [13] - China's accumulation of gold is a strategic move to ensure financial security and bargaining power, rather than a display of wealth, as the instability of the U.S. situation increases gold's value [13] - The announcement of gold reserves serves as a signal in the broader geopolitical chess game, affecting currency exchange rates, inflation, and investment trends, which may not be immediately apparent to the general public [13]

"黄金市场静默得可怕，但所有人都听到了倒计时的滴答声。" 2025年12月9日凌晨，国际金价定格在4211.87美元/盎司，国内黄金T D报价953元/克。 表面平静的盘面下，未平仓合约飙升至45万手，多空资金如两股暗流在4200美元关口反复绞杀。 12月9日至10日，黄金市场迎来十年一遇的"决战日"：美联储议息会议决议与美国PCE通胀数据将同时落地。 市场对降息25基点的预期概率已飙至92%，但美联储内部鹰派官员突然放风"通胀仍高"，点阵图可能暗藏变数。 这场对决的结果只有两种——要么金价突破4260美元阻力，冲向4500美元历史新高；要么跌破4150美元支撑，引发深度回 调。 一位交易员在社交平台写道："明后两天，要么上天台，要么开香槟。" 12月8日，上海黄金交易所的早盘报价让市场倒吸一口冷气：948元/克开盘后，金价突然逆势拉升，最终收于954.99元/克。 盘中波动幅度超过1.3%，交易量较月均值暴增160%。 这种"预判与现实的背离"背后，是三类资金的激烈博弈：主权资金在托底，投机资金在撤离，散户在观望。 中国央行已连续19个月增持黄金，全球央行前三季度净购金量达634吨。 波兰国家银行10月单月 ...

李世明在讲话中指出，河南省是中国职工技术协会会员单位最多、全国性技能大赛举办频次最高的省份 之一，历年赛事成为了锻炼职工队伍的"磨刀石"、检验职工日常的"试金石"、服务发展的"压舱石"。此 次在三门峡市办赛，填补了中国职工技术协会在黄金行业技术领域开展职业技能竞赛的空白，同时让中 国职工技术协会全方位、立体式了解了这座以三门峡大坝、白天鹅、黄金产业为重要标志的魅力城市。 希望所有参赛团队和选手在大赛中一展身手、摘金夺银，推动形成尊重劳动、尊重技术、尊重人才、尊 重创造的生动局面。希望裁判员恪尽职守、公正执裁，让每一份成绩都经得起时间的检验，让大赛结果 更具专业性、权威性和公信力。 随后，裁判员代表、选手代表依次登台宣誓。 最后，李公乐宣布2025年全国黄金化验技能竞赛开幕。 河南日报客户端记者 王雪红 通讯员 李晨涛 12月9日，2025年全国黄金化验技能竞赛开幕式在三门峡职工之家大剧院举行。中国职工技术协会理事 长李世明出席并讲话，省人大常委会副主任、省总工会主席李公乐宣布竞赛开幕，三门峡市委书记徐相 锋致欢迎辞。 三门峡市委副书记、政法委书记赵建玲主持开幕式。中国机械冶金建材工会副主席张杰，三门峡市委常 ...

Group 1 - The core viewpoint of the articles revolves around the volatility of gold prices influenced by market expectations regarding the Federal Reserve's interest rate decisions, with significant fluctuations in the probability of a rate cut impacting gold prices [1][3] - The current gold price is experiencing intense fluctuations around the $4200 mark, with a notable drop from a high of $4218.91 to around $4180, reflecting the market's extreme bets on the Fed's December meeting [1] - The divergence in gold prices between investment bars and retail jewelry indicates rising anxiety in the market, with investment gold bars priced at 968 yuan per gram, while retail jewelry prices remain above 1300 yuan per gram, creating a significant price gap of 360 yuan [1] Group 2 - The Federal Reserve is experiencing unprecedented internal divisions regarding interest rate cuts, with only 3 out of 12 voting members clearly supporting a rate cut, leading to uncertainty in market predictions [3] - The upcoming "dot plot" from the Fed will reveal the anticipated interest rate path for 2026, which could significantly influence gold prices, potentially pushing them above $4300 or down to the psychological level of $4000 depending on the Fed's stance [3] - Central banks globally have significantly increased gold purchases, with a net acquisition of 987 tons in the first three quarters of 2025, surpassing the total for 2022, indicating a strategic shift to reduce reliance on a single currency [5] Group 3 - The gold ETF market has seen substantial inflows, with a total increase of 298 tons in the first three quarters of 2025, highlighting a mismatch between extreme bullish positions and tight physical inventory, which could lead to market vulnerabilities [7] - The current gold price trend mirrors that of 2015, where prices initially fell before entering a prolonged bull market, with key resistance levels around $4250 and support between $4130 and $4150 [9] - High gold prices have suppressed physical demand, with a 19% year-on-year decline in gold jewelry demand in Q3 2025, while investment demand has risen, as evidenced by an increase in bank gold bar sales premiums and ETF holdings [11]

北京青年报记者对年轻人的最新理财方式进行了梳理，不难看出，年轻人资产配置有了新变化。 在存款利率持续下行的背景下，"钱袋子"如何保值增值，养老规划该怎么做成为年轻人关注的焦点问题 之一。 编辑/刘忠禹 低利率与长寿化趋势叠加对年轻人的冲击及对传统"储蓄养老"观念的颠覆。年轻人正在更加科学理想的 做好养老规划，主要包括：养老金规划、健康规划、居住规划等。 其中，年轻人养老金规划中，购买货币基金、债券基金、黄金ETF等产品，希望以此在可接受的风险范 围内尽可能地让钱袋子"保值增值"。 文/北京青年报记者 蔺丽爽 ...

Market Overview - The Hong Kong stock market experienced a decline on December 9, with the Hang Seng Index falling by 1.29% to close at 25,434.23 points [1] - The Hang Seng Tech Index decreased by 1.90%, while the State-Owned Enterprises Index dropped by 1.62% [1] Sector Performance - Technology stocks faced widespread declines, with companies such as Bilibili, Xiaomi, and Baidu each dropping over 3% [1] - Kuaishou and Meituan saw declines exceeding 2%, while NetEase, Alibaba, Lenovo, and JD.com fell by more than 1% [1] - Gold and non-ferrous metal stocks were under pressure, with Zijin Mining experiencing a drop of over 4% [1] - The real estate sector weakened significantly, highlighted by a decline of over 18% for Yaloo Group [1] - The semiconductor sector was notably weak, with Huahong Semiconductor falling by more than 5% [1] - New consumption concept stocks also faced declines, with Pop Mart dropping over 5% [1]

Market Overview - The precious metals sector experienced a decline of 2.9% compared to the previous trading day, with Zhongjin Gold leading the drop [1] - The Shanghai Composite Index closed at 3909.52, down 0.37%, while the Shenzhen Component Index closed at 13277.36, down 0.39% [1] Individual Stock Performance - The following table summarizes the closing prices, percentage changes, trading volumes, and transaction amounts for key stocks in the precious metals sector: - Zhaohui Gold (000506): Closed at 11.95, up 0.34%, with a trading volume of 260,100 shares and a transaction amount of 3.12 billion [1] - Western Gold (601069): Closed at 25.88, down 1.52%, with a trading volume of 93,100 shares and a transaction amount of 241 million [1] - Shanshe International (000975): Closed at 21.54, down 1.55%, with a trading volume of 373,600 shares and a transaction amount of 810 million [1] - Hunan Gold (002155): Closed at 20.74, down 2.03%, with a trading volume of 362,700 shares and a transaction amount of 753 million [1] - Hengbang Co. (002237): Closed at 12.72, down 2.08%, with a trading volume of 233,300 shares and a transaction amount of 298 million [1] - Shandong Gold (600547): Closed at 34.74, down 2.80%, with a trading volume of 319,500 shares and a transaction amount of 1.115 billion [1] - Sichuan Gold (001337): Closed at 27.14, down 2.90%, with a trading volume of 95,200 shares and a transaction amount of 260 million [1] - Chifeng Gold (600988): Closed at 29.81, down 3.03%, with a trading volume of 446,700 shares and a transaction amount of 1.336 billion [1] - Hunan Silver (002716): Closed at 6.25, down 3.10%, with a trading volume of 916,100 shares and a transaction amount of 5.751 billion [1] Fund Flow Analysis - The precious metals sector saw a net outflow of 968 million from main funds, while retail funds experienced a net inflow of 703 million [3] - The following table outlines the fund flow for individual stocks: - Zhaohui Gold (000506): Main funds net inflow of 37.63 million, retail funds net outflow of 29.18 million [4] - Chifeng Gold (600988): Main funds net inflow of 8.47 million, retail funds net outflow of 21.40 million [4] - Hengbang Co. (002237): Main funds net outflow of 13.95 million, retail funds net inflow of 2.87 million [4] - Sichuan Gold (001337): Main funds net outflow of 14.81 million, retail funds net inflow of 6.80 million [4] - Western Gold (601069): Main funds net outflow of 30.28 million, retail funds net inflow of 24.75 million [4] - Shanshe International (000975): Main funds net outflow of 31.25 million, retail funds net inflow of 2.88 million [4] - Hunan Gold (002155): Main funds net outflow of 90.56 million, retail funds net inflow of 63.69 million [4] - Hunan Silver (002716): Main funds net outflow of 1.07 billion, retail funds net inflow of 77.10 million [4] - Shandong Gold (600547): Main funds net outflow of 1.17 billion, retail funds net inflow of 47.97 million [4] - Xiaocheng Technology (300139): Main funds net outflow of 1.79 billion, retail funds net inflow of 196 million [4] ETF Performance - The gold stock ETF (product code: 159562) tracks the CSI Hong Kong and Shanghai Gold Industry Stock Index, with a recent five-day change of 3.84% and a price-to-earnings ratio of 24.03 times [6]