Core Viewpoint - The article highlights a strong performance in gold and non-ferrous metal stocks, driven by rising gold prices and positive sentiment from Wall Street regarding the continuation of a gold bull market [1] Group 1: Market Performance - As of the report, the gold stock ETF (159562) increased by 2.58%, while the non-ferrous metal ETF fund (516650) rose by 1.03% [1] - Key stocks such as Silver Holdings and Western Gold reached their daily limit, marking a three-day consecutive rise, with other companies like Zhongjin Gold, Chifeng Gold, and Shandong Gold also showing strong performance [1] - The Huaxia Gold ETF (518850) saw an increase of 1.33% [1] Group 2: Fund Flows - The gold stock ETF (159562) experienced a net inflow of 150 million yuan over the past three trading days [1] - The non-ferrous metal ETF fund (516650) recorded a net inflow of 156 million yuan over the last five trading days [1] Group 3: Analyst Predictions - UBS reiterated its forecast that gold prices will reach $3,700 per ounce by June 2026, suggesting a potential rise to $4,000 in the event of worsening geopolitical or economic conditions [1] - Morgan Stanley set a year-end target price for gold at $3,800 per ounce [1] - The report emphasizes the strong negative correlation between gold and the US dollar, indicating that a continued depreciation of the dollar index would benefit dollar-denominated precious metals [1]

机构表示，4月以来黄金在高位震荡，政治政策风险使得资金流向白银、钯、铜等金属，但美联储释放 的降息信号或将成为金价的新催化剂，使得资金重新回流黄金，持续看好金价的上涨空间。 东吴证券指出，特朗普于周内宣布对美联储理事库克任职罢免，此次行动被视为特朗普削弱美联储独立 性的重要尝试，若成功，可能为未来总统干预货币政策开创先例；此外美国通胀数据自4月以来保持温 和上行态势，但随着鲍威尔于全球央行年会释放对就业数据走弱的担忧，当下通胀幅度并不会减缓联储 后续的降息步伐，实际利率的快速下行阶段到来，看好黄金新一轮上涨空间。 （文章来源：证券时报网） 黄金概念3日盘中再度活跃，截至发稿，白银有色、西部黄金涨停斩获3连板，招金黄金涨超5%，中金 黄金、赤峰黄金等涨逾3%。 国际金价再度攀升，隔夜，COMEX黄金期货12月合约涨2.42%，突破3600美元/盎司；现货黄金价格涨 1.72%，报3536.03美元/盎司，续创历史新高。现货白银价格亦大涨，自2011年以来首次突破40美元/盎 司大关。 ...

| 代码 | 名称 | | 涨幅% ↓ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 601212 | 白银有色 | 1 | 10.09 | 347亿 | 68.71 | | 601069 | 西部庫金 | 1 | 8.09 | 237亿 | 128.11 | | 6009888 | 赤峰黄金 | 1 | 5.11 | 555/Z | 88.44 | | 000975 | 山等国际 | 1 | 3.92 | 596亿 | 42.16 | | 600547 | 山东黄金 | + | 3.62 | 1665 Z | 65.21 | | 603257 | 中国瑞林 | 1 | 2.22 | 81.61亿 | 234.74 | | 601899 | 三,北北 | 中 | 3.15 | 6692亿 | 68.97 | | 600489 | 中我黄金 | 1 | 3.49 | 891亿 | 56.90 | | 600362 | 江西铜业 | | 3.10 | 1035亿 | 49.14 | | 603900 | 莱绅通灵 | | 2.90 | 42.5 ...

西部黄金盘中涨停，已连收3个涨停板，截至9:43，该股报26.51元，换手率5.23%，成交量3575.06万 股，成交金额9.23亿元，涨停板封单金额为4289.58万元。连续涨停期间，该股累计上涨33.08%，累计 换手率为15.50%。最新A股总市值达241.51亿元，A股流通市值181.33亿元。 证券时报·数据宝统计，两融数据来看，该股最新（9月2日）两融余额为2.97亿元，其中，融资余额2.95 亿元，较前一个交易日增加2409.28万元，环比增长8.90%，近3日累计增加3139.99万元，环比增长 11.92%。 龙虎榜数据显示，该股因连续三个交易日内，涨幅偏离值累计达20%上榜龙虎榜1次，买卖居前营业部 中，沪股通累计净买入808.58万元，营业部席位合计净买入1.49亿元。 8月28日公司发布的半年报数据显示，上半年公司共实现营业总收入50.30亿元，同比增长69.01%，实现 净利润1.54亿元，同比增长131.94%。（数据宝） 近日该股表现 | 日期 | 当日涨跌幅（%） | 换手率（%） | 主力资金净流入（万元） | | --- | --- | --- | --- | | 202 ...

每经编辑|毕陆名 整体来看，黄金在全球投资组合中依然扮演避险和价值储存的核心角色。 多家机构预测，在横盘4个月之后，贵金属有望开启新一轮上涨行情。对于黄金的年底目标价，摩根士丹利已经看高 至3800美元/盎司。 A股方面，白银有色3连板，西部黄金涨超6%，中金黄金、山东黄金、赤峰黄金、紫金矿业等跟涨。 | 西部黄金 | 25.55 | 6.02% | 1.45 | | --- | --- | --- | --- | | 601069 園 | | | | | 3天2板 人气龙头一 股吧人气 | | | | | 中金黄金 | 18.41 | 3.66% | 0.65 | | 600489 團 | | | | | 人气龙头三 市值龙头二 业绩龙头一 成长龙头一 | | | | | 赤峰黄金 | 28.68 | 3.13% | 0.87 | | 600988 團 | | | | | 成长龙头三 估值龙头二 资金流入最多 | | | | | 山东黄金 | 36.90 | 2.76% | 0.99 | | 600547 融 | | | | | 市值龙头一 业绩龙头二 | | | | | 山金国际 | 21.05 | 1. ...

每经编辑｜毕陆名 3日亚太早盘，现货黄金短线拉升涨0.24%，报3539.25美元/盎司，续刷历史新高。纽约期金报3604.7美元/盎司，续刷 历史新高。 瞿瑞还认为，受到多重因素驱动，国际金价在中长期仍将处于震荡上行通道，"一是政策不确定性及地缘政治风险使 市场避险需求持续存在；二是全球央行黄金配置意愿仍较强；三是市场对美联储降息预期持续。" 世界黄金协会美洲区CEO兼全球研究负责人安凯近日表示，今年以来，黄金价格已上涨约26%。驱动黄金价格上涨的 因素包括，地缘政治与经济风险、黄金ETF和金条金币的强劲需求，以及央行购金的稳健态势。 整体来看，黄金在全球投资组合中依然扮演避险和价值储存的核心角色。 每日经济新闻综合经济参考报、公开信息 封面图片来源：每日经济新闻 A股方面，白银有色3连板，西部黄金涨超6%，中金黄金、山东黄金、赤峰黄金、紫金矿业等跟涨。 | 西部黄金 | 25.55 | 6.02% | 1.45 | | --- | --- | --- | --- | | 601069 園 | | | | | 3天2板 人气龙头一 股吧人气 | | | | | 中金黄金 | 18.41 | 3.66% | ...

Core Viewpoint - The non-ferrous metal sector is experiencing a surge, driven by expectations of a Federal Reserve interest rate cut and improving demand, particularly in the rare earth and industrial metals markets [3][4]. Group 1: ETF Performance - The non-ferrous metal leader ETF (159876) saw a price increase of over 1.8% as of September 3, with a trading volume exceeding 12 million yuan within the first 15 minutes of opening [1]. - The ETF attracted significant inflows of 75.6 million yuan over the past two days, reaching a new high of 207 million yuan in total assets as of September 2 [1]. - Key constituent stocks included silver, which hit the daily limit, while Western Gold and Zhongjin Gold rose by 5.81% and 4.79%, respectively [1]. Group 2: Market Trends - The industrial metals sector is benefiting from rising copper prices due to supply constraints, with a projected decrease of 52,500 tons in electrolytic copper production in September [3]. - The lithium market is facing oversupply, but high-cost production is being phased out, which may lead to price recovery [3]. - The overall sentiment in the non-ferrous metals market remains strong, supported by macroeconomic factors and supply disruptions [3]. Group 3: Strategic Insights - The non-ferrous metals sector is positioned for upward price movement due to low valuations and improving market conditions, with a potential "bull market" beginning [3][4]. - The strategic importance of metals like rare earths and lithium is highlighted in the context of global competition and domestic policy shifts aimed at optimizing production factors [4]. - The non-ferrous metal leader ETF provides diversified exposure to various metals, including copper (25.3%), aluminum (14.2%), and rare earths (13.8%), which helps mitigate investment risks [4].

| 上证指数 | | | 深成指数 | | | 创业指数 | | | 深证100 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 上证指数 | 3860.84 4 2.71 4 0.07% | | 深证成指 | 12591.33 437.49 40.30% | | 创业板指 | 2885.63 A 13.41 40.47% | | 深圳100 | 5531.23 A 31.01 A 0.569 | | 3872.91 | | | 12621.00 | | | 2897.90 | | | 5542.06 | | | 3858.13 | 4 东方财富 | | 12553.84 | 尔力则高 | | 2872.22 | THE INFER 八川川川口 | | 5500.22 | | | 3843.35 | | | 12486.68 | | | 2846.54 | | | 5458.38 | | | 09:30 | 11:30/13:00 | 15:00 | 09:30 | 11:30/13:00 | 15:00 | ...

Market Overview - The A-share market showed fluctuations in early trading on September 3, with the Shanghai Composite Index up by 0.03%, the Shenzhen Component Index up by 0.26%, and the ChiNext Index up by 0.35% [1] - Despite recent adjustments, the overall upward trend of the market remains intact, with expectations for continued oscillation and upward movement after profit-taking [1][9] Key Sectors Gold Sector - The gold concept stocks continued their upward trend, with silver and non-ferrous metals stocks achieving three consecutive trading limit increases [1] - International gold prices reached new historical highs, with New York futures crossing $3600 per ounce and spot gold surpassing $3530 per ounce [2] - Major stocks in the gold sector include: - Silver Nonferrous Metals (SH 601212): +10.09% - Western Gold (SH 601069): +9.75% - Jiangxi Copper (SH 600362): +5.62% [3] Robotics Sector - The robotics concept stocks maintained strong performance, with companies like Zhejiang Rongtai, Spring Engineering, and Qin Chuan Machine Tool achieving two consecutive trading limit increases [1] - The announcement from Yushu Technology regarding its upcoming IPO and sales projections for various robotic products contributed to the sector's strength [4] - Key stocks in the robotics sector include: - EVE Energy (300014): +12.61% - Dongjie Intelligent (9880003 B): +10.51% - Spring Engineering (002547): +10.10% [5] Institutional Insights - Industrial analysts emphasize the importance of structural rotation over rhythm in the current market environment, suggesting that a "healthy bull" market requires alternating upward movements across sectors [6] - The outlook remains positive for a "systematic slow bull" market, although short-term volatility is expected [7] - Analysts recommend maintaining long-term positions while being cautious with short-term trades, particularly in sectors like large finance and technology [8]

Market Overview - US stock indices experienced a decline, while the China concept index rose by 0.52% [1] - Hong Kong stock indices opened higher, with the Hang Seng Index up 0.64%, the National Index up 0.72%, and the Hang Seng Tech Index up 0.99% [1] Sector Performance - Major technology stocks saw collective gains, with JD.com rising nearly 3%, Baidu up 2.3%, Xiaomi increasing by nearly 2%, and Alibaba and Tencent both rising over 1% [1] - Spot gold prices reached a new high of $3,547 per ounce, leading to strong performance in gold stocks, with Tongguan Gold and Chifeng Gold rising over 5% [1] - Other gold-related companies such as Zhaojin Mining, China National Gold, and Shandong Gold also reached historical highs, contributing to a rally in copper and other non-ferrous metal stocks [1] - Automotive stocks generally increased, with NIO and Li Auto both rising over 3% [1] - Sectors such as biomedicine, home appliances, sports goods, new consumption concepts, and semiconductors also saw upward movement [1] Declining Sectors - Shipping stocks, food and beverage stocks, and oil stocks experienced some declines, with COSCO Shipping and Zhenjiu Lidu both dropping approximately 1% [1]