Core Insights - The article provides an overview of the market trends in the Shanghai Gold Exchange as of July 4, 2025, highlighting significant price movements and trading volumes in the gold market [1] Market Trends - The gold price on the Shanghai Gold Exchange has shown fluctuations, indicating a dynamic trading environment [1] - Trading volumes have experienced notable changes, reflecting investor sentiment and market demand for gold [1]

Group 1 - The Shanghai Gold Exchange's gold T+D closed at 771.76 yuan per gram on July 4, down by 0.42% [1] - The Shanghai Gold Exchange's silver T+D closed at 8887.0 yuan per kilogram on July 4, up by 0.24% [1]

Core Viewpoint - The Shanghai Gold Exchange reported a decline in gold T+D prices and an increase in silver T+D prices on July 4, indicating mixed market trends for precious metals [1] Gold Market - Gold T+D prices fell by 0.5% to 771.12 yuan per gram on the morning of July 4 [1] Silver Market - Silver T+D prices rose by 0.41% to 8902.0 yuan per kilogram on the morning of July 4 [1]

Group 1 - The Shanghai Gold Exchange's gold T+D closed down by 0.5% at 771.12 yuan per gram on July 3 [1] - The Shanghai Gold Exchange's silver T+D closed up by 0.43% at 8904.0 yuan per kilogram on July 3 [1]

上海黄金交易所黄金T+D 7月3日（周四）晚盘盘初下跌0.07%报774.44元/克； 上海黄金交易所白银T+D 7月3日（周四）晚盘盘初上涨0.61%报8920.0元/千克。 黄金延期 白银延期 ...

Industry Overview - The continuous rise in international gold prices has led to an increasing number of investors engaging in international spot gold investments, making it one of the most popular investment products globally [1] - International spot gold investment has a long history but continues to innovate, attracting modern investors due to its hedging properties and the potential for profit [1] - The international spot gold trading market in China is primarily located in Hong Kong, regulated by the Hong Kong Gold and Silver Exchange Society [1] Company Rankings - The article lists the top ten international spot gold trading platforms in Hong Kong for 2025, all of which are AA-rated members of the Hong Kong Gold and Silver Exchange Society [1] - **Kingrong China**: Established in 2010, it is an AA-rated member and offers a secure electronic trading platform, with a total trading volume exceeding 300 billion [3] - **Wanzhaofeng**: Founded nearly twenty years ago, it operates a diversified business including real estate and financial services, and has been licensed for gold business since 2008 [4] - **Guotai Gold**: An AA-rated member providing high-quality leveraged gold and silver trading services, adhering to fair trading principles [5] - **Tianyu International**: A global financial institution with a focus on investor education and high ethical standards, also an AA-rated member [6] - **Lingfeng Precious Metals**: An AA-rated member with a strong financial background, offering electronic trading of various precious metals [7] - **Wanzhou Gold**: Established in 2017, it provides comprehensive online investment services and holds an AA rating [8] - **Jinseng Precious Metals**: An AA-rated electronic trading member dedicated to providing high-quality investment services [9] - **Xinhui Precious Metals**: An AA-rated member focusing on various precious metal trading [10] - **Bailihao Gold**: A subsidiary of Bailihao Financial Group, offering leveraged gold and silver trading services with an online platform [11] - **Wanluan International Gold**: An AA-rated registered trading merchant, ensuring high standards and strict regulatory compliance [12] Investment Characteristics - International spot gold is characterized as a leveraged international financial product, allowing investors to lower their investment costs compared to other investment methods like stock trading [1] - The trading threshold for international spot gold is significantly lower than that of stocks and bank wealth management products, making it attractive to investors [1]

Market Overview - The opening price for Au99.95 was 776.70, with a closing price of 776.70, reflecting a change of +1.37 and a percentage increase of 0.70% [2] - Au99.99 opened at 774.60 and closed at 776.14, showing a change of +1.44 and a percentage increase of 0.71% [2] - The average price for Au99.95 was 776.70 with a trading volume of 2, resulting in a transaction amount of 1,553,400 [2] - Au100g had an opening price of 775.00 and closed at 776.70, with a transaction amount of 3,260,700 [2] Price Movements - Au(T+D) opened at 773.38, reached a high of 777.71, and closed at 775.81, with a change of +13.23 and a percentage increase of 0.42% [3] - The average price for Au(T+D) was 775.01 with a trading volume of 31,568, resulting in a transaction amount of 24,465,774,740 [3] - Pt99.95 opened at 333.92 and closed at 333.23, reflecting a change of +11.27 and a percentage increase of 3.50% [3] Trading Activity - The trading volume for Au99.95 was 2, while Au99.99 had a trading volume of 5,073.42, indicating active trading in the latter [2] - Au(T+D) had a trading volume of 31,568, with a significant transaction amount of 24,465,774,740 [3] - The market holding for Au99.95 was not specified, while Au99.99 had a market holding of 3,933,328,501.4 [2] Additional Insights - The opening price for NYAuTN06 was 777.50, with a closing price of 777.20, showing a change of +1.95 and a percentage increase of 0.25% [4] - The average price for NYAuTN12 was 776.65 with a trading volume of 10.8, resulting in a transaction amount of 8,388,070 [4] - The trading activity for PGC30g showed an opening and closing price of 775.70, with a change of +4.2 and a percentage increase of 0.54% [4]

上海黄金交易所黄金T+D 7月3日（周四）收盘上涨0.41%报775.71元/克； 上海黄金交易所白银T+D 7月3日（周四）收盘上涨2.02%报8929.0元/千克。 黄金延期 白银延期 ...

近期，中东紧张局势再起，引爆地区火药桶，地缘时政风险溢价急速涌入市场。当恐慌情绪与避险资本 形成的洪流迎头相撞，黄金市场的多空博弈必将进一步白热化！历史经验反复证明，乱局之下，黄金闪 耀。想要捕捉这轮由地缘冲突催生的市场良机？记得先来领取皇御贵金属的$26/手点差福利，超低成本 助您轻松入市，抢占黄金机遇的至高点！ （图源/皇御贵金属官网） 利率预期生变，黄金中长期支撑稳固 尽管美联储在上半年按下了降息暂停键，但其面临的挑战有增无减。美国政府债务率已飙升至历史警戒 水平，经济数据亦频频释放疲软信号，复苏前景蒙上阴影。市场嗅觉最为敏锐，联邦基金利率期货市场 清晰显示，投资者普遍押注美联储年内降息1-2次的概率已超过65%。一旦降息周期开启，实际利率的 下行趋势将直接削弱美元吸引力，使得黄金受益。 （图源/网络） 数据爆点密集降临，7月黄金机遇不容错过 机会往往伴随波动而生！即将到来的7月，市场将迎来一系列重磅经济数据的"三连击"，牵动市场神经 的美国非农就业报告、揭示通胀趋势的CPI、以及反映经济活力的零售销售数据。这些核心数据如同市 场的风向标与催化剂，其任何超预期的表现都可能引发市场情绪的剧烈波动，潜藏着巨 ...

Core Viewpoint - The People's Bank of China has implemented new regulations requiring reporting of cash transactions exceeding 100,000 RMB or equivalent foreign currency in the gold and diamond sectors, effective from August 1, 2025, to combat money laundering and terrorist financing [1][3][4]. Summary by Sections Regulatory Framework - The new "Management Measures for Anti-Money Laundering and Anti-Terrorist Financing in Precious Metals and Gemstone Industries" aims to establish a systematic regulatory framework to mitigate risks associated with money laundering and terrorist financing in these sectors [3][4]. Reporting Requirements - The threshold for submitting large transaction reports has been raised from 50,000 RMB to 100,000 RMB, affecting a wide range of precious metals and gemstone businesses [4][5]. - Institutions must report any cash transaction of 100,000 RMB or more within five working days to the Anti-Money Laundering Monitoring and Analysis Center [6]. Client Due Diligence - Institutions are required to follow the "Know Your Customer" principle, conducting due diligence based on customer characteristics and transaction nature, particularly for transactions meeting the reporting threshold [4][6]. - Customer identity verification must be conducted using reliable documents, and records must be retained for at least ten years after the business relationship ends [6]. Risk-Based Approach - The regulatory framework adopts a risk-differentiated strategy, imposing stricter measures on high-risk institutions while allowing simplified or exempted measures for low-risk entities [4].