摘要伦敦金(美元/盎司)与国内金价(人民币/克)换算公式为：理论价=伦敦价×汇率÷31.1035。2026年1月11日伦敦金4588.80美元/盎司，汇率6.973，理论值约 1029.01元/克；同期上海金交所Au99.99报1003.50元/克，因进口成本与税费略低；零售金饰(如周大福、周生生)含品牌与工艺费，普遍高出200元/克以上。 伦敦金(国际现货黄金)以美元/盎司计价，国内金价通常指上海黄金交易所Au99.99的人民币/克价格，换算公式为：国内理论金价(元/克)=伦敦金价格(美元/盎 司)×人民币兑美元汇率÷31.1035，根据2026年1月11日伦敦金4588.80美元/盎司、1月13日人民币兑美元汇率6.973计算，理论值约为1029.01元/克，而同期上海 黄金交易所Au99.99报价为1003.50元/克，实际国内金价因进口成本、税费、物流及市场供需略低于理论值，而零售金饰价格(如周生生、周大福)因品牌溢 价、工艺费和渠道成本，普遍高出200元/克以上。 ...

格隆汇1月13日丨紫金黄金国际(02259.HK)宣布，将于2026年3月20日(星期五)举行董事会会议，藉以(其 中包括)审议及批准截至2025年12月31日止公司及其附属公司之年度业绩及其发布，及审议宣派末期股 息之建议(如适用)。 ...

从技术形态分析，黄金目前的盘整被视为核心上升趋势中的蓄势阶段。虽然动能指标出现短暂背离，但 只要金价维持在13日指数移动平均线（约4447美元）上方，整体看涨态势便保持完好。GTC泽汇资本认 为，短期阻力位虽位于4600美元附近，但由于目前市场持仓并未达到饱和的极端水平，真正的技术性阻 力点应关注去年四季度形成的"三角形"形态上沿，即4770美元。即便未来出现回撤，在4345美元及4275 美元区间仍存在坚实的买盘支撑。综上所述，GTC泽汇资本建议投资者继续关注黄金的战略配置价值， 以应对日益复杂多变的全球金融环境。 新浪合作大平台期货开户 安全快捷有保障 责任编辑：陈平 1月13日，受全球地缘政治局势持续动荡的影响，避险资金正加速流入大宗商品市场，推动金价攀升至 历史新高。GTC泽汇资本认为，当前的上涨动能远未衰竭，即便金价已站上每盎司4600美元关口，但从 技术周期与宏观逻辑来看，在触及4770美元之前，黄金市场尚未进入真正意义上的"极端超买"区域。 1月13日，受全球地缘政治局势持续动荡的影响，避险资金正加速流入大宗商品市场，推动金价攀升至 历史新高。GTC泽汇资本认为，当前的上涨动能远未衰竭，即便金价 ...

Core Viewpoint - International spot gold prices have surpassed $4600 per ounce, reaching a historical high of $4603.5 per ounce, with a daily increase of 1.61% as of the report's publication [1] Price Movements - Gold prices have been on a strong upward trend since January 1, 2026, breaking through key levels of $4400, $4500, and $4550 [1] - Silver prices have also been rising, reaching new historical highs [1] - Domestic gold jewelry prices have increased, with several brands' prices for 24K gold jewelry exceeding 1400 yuan per gram, showing an increase of around 20 yuan compared to the previous day [1] Market Influences - The rise in precious metals is attributed to several factors, including high global geopolitical risks that are boosting market risk aversion and supporting precious metal prices [1] - The ongoing interest rate cut cycle in the U.S. and a cooling labor market are contributing to expectations of monetary easing by the Federal Reserve, which further supports gold prices [1]

Group 1: Core Insights - In 2025, gold experienced a remarkable 71% increase, overshadowing the S&P 500's 17.48% rise, prompting a reevaluation of gold's modern significance as it reached a historical high of $4,514 per ounce [1] - The surge in gold prices is attributed to macroeconomic turmoil, financial innovations, and investor psychology, indicating a complex interplay of factors driving the demand for gold [1] Group 2: Macroeconomic Environment - The global political and economic uncertainty, including ongoing geopolitical conflicts and supply chain pressures, has led investors to seek stable assets like gold [2] - Gold's unique characteristic as a "borderless store of value" has become more pronounced, as it is not reliant on national credit or corporate earnings, making it an attractive option during turbulent times [2] Group 3: Financial Innovations - The introduction of gold ETFs in 2004 revolutionized the gold market by lowering investment barriers and attracting institutional funds, with North American gold ETFs reaching nearly $200 billion by 2025 [3] - The emergence of tokenized gold stablecoins in 2025 is reshaping the market, combining the stability of gold with the liquidity of cryptocurrencies, thus broadening the demand for gold [3] Group 4: Investor Psychology - Despite gold's impressive performance, there are concerns regarding investor expectations, as many view gold as an "anti-inflation tool" without historical support for long-term outperformance compared to equities [4] - The volatility of gold prices is significantly higher than inflation rates, suggesting it may not be a suitable long-term hedge against inflation [4] Group 5: Institutional Involvement - 2025 marked a year of active institutional engagement in the gold market, with major investment banks expanding their precious metals teams and resuming gold storage services, indicating a shift from retail to institutional dominance [6] - The entry of institutional funds enhances market professionalism but also increases price volatility due to the reflexive nature of their trading strategies [6] Group 6: Price Trends - The current gold price trajectory remains uncertain, with market tops often forming during periods of excessive optimism, necessitating caution among investors [7] - The strong performance of gold in 2025 is a result of multiple converging factors, and historical trends indicate that asset prices cannot rise indefinitely [7] Group 7: Conclusion - The robust performance of gold in 2025 reflects a blend of heightened risk aversion and financial innovation, underscoring the enduring value of traditional assets amid uncertainty [8] - Investors are advised to maintain a rational perspective on gold's short-term gains and avoid falling into the "golden illusion," emphasizing the importance of diversified asset allocation and risk management [8]

1月13日，港股三大指数呈现高开低走行情，市场情绪或保持谨慎。恒生科技指数小幅上涨0.11%，恒生指数、国企指数全天维持涨势但涨幅有所缩窄，分 别上涨0.9%及0.71%。 | 名称 | 最新价 | 涨跌额 | 涨跌幅 | | --- | --- | --- | --- | | 恒生指数 | 26848.47 | +239.99 | +0.90% | | 800000 | | | | | 国企指数 | 9285.41 | +65.33 | +0.71% | | 800100 | | | | | 恒生科技指数 | 5869.79 | +6.59 | +0.11% | | 800700 | | | 51 同台 | 盘面上，权重科技股涨跌不一，阿里巴巴涨幅收窄至3.6%盘中曾大涨6.3%，快手跌2.2%，小米、百度跌近2%；美联储风波与地缘政治引爆避险交易，黄金 白银双双狂飙刷新高，黄金股全天强势引领有色金属股上涨；生物医药股集体活跃，龙头药明康德盈喜后股价大涨超8%；保险股、半导体股、汽车股、煤 炭股、银行股、石油股多数权重支撑恒指上涨。另一方面，脑机接口概念股跌幅明显，南京熊猫电子跌近8%完全抹平近日涨幅且创阶 ...

1月13日，港股收盘，恒生指数涨0.9%，恒生科技指数涨0.11%。黄金股领涨，中国黄金国际涨超7%， 万国黄金集团、紫金黄金国际涨超5%，灵宝黄金涨超3%。半导体板块走弱，上海复旦跌近5%，华虹半 导体跌超2%。 ...

1月13日，港股股指高开后震荡下行，截止收盘，恒生指数涨0.9%报26848.47点，恒生科技指数涨0.11% 报5869.79点，国企指数涨0.71%报9285.41点，红筹指数涨0.78%报4146.17点。 盘面上，大型科技股走势分化，阿里巴巴涨3.63%，腾讯控股涨0.72%，京东集团涨0.43%，小米集团跌 1.96%，网易跌0.18%，美团跌0.1%，快手跌2.24%，哔哩哔哩涨3.11%；创新药板块全天表现强势，药 明康德收涨8.3%；黄金股领涨，中国黄金国际涨超7%，万国黄金集团涨超5%，紫金黄金国际涨超 5%，灵宝黄金涨超3%；大模型概念股智谱跌超12%，MINIMAX跌超8%；半导体板块走弱，上海复旦 跌近5%，华虹半导体跌超2%；商业航天概念回调，金风科技跌超9%；今日三只新股上市，兆易创新涨 超37%，BBSB INTL涨超11%，红星冷链涨0.33%。 企业新闻 腾讯控股(00700.HK)：斥资约6.36亿港元回购102.4万股，回购价614-627港元。 吉利汽车(00175.HK)：斥资1.51亿港元回购900.7万股，回购价16.63-17.15港元。 钧达股份(02865. ...

Group 1 - The core point of the news is that Hunan Gold has suspended trading on January 12, 2026, due to a major asset restructuring involving the acquisition of 100% equity in Hunan Gold Tianyue Mining Co., Ltd. and Hunan Zhongnan Gold Smelting Co., Ltd. [1] - The suspension is expected to last no more than 10 trading days to prevent market disruption from information leakage [1]. - For the first three quarters of 2025, the company reported revenue of 41.194 billion yuan, representing a year-on-year increase of 96.26%, indicating strong performance [1]. Group 2 - On January 12, 2026, Hunan Gold's financing data showed a net repayment of 69.2947 million yuan, with a financing balance of 1.558 billion yuan [2]. - The precious metals sector increased by 3.54%, while the Hunan sector decreased by 1.28% [2]. - The technical analysis indicates that Hunan Gold has a resistance level at 23.05 yuan and a support level at 22.05 yuan, with an accelerating upward trend [3].

中长期看，黄金价格中枢仍有望上行，投资者或可考虑后续回调参与、逢低分批布局。关注直接投资实 物黄金，免征增值税的黄金基金ETF（518800），覆盖黄金全产业链股票的黄金股票ETF（517400）。 （文章来源：每日经济新闻） 消息面，1月13日盘中，伦敦金现突破4600美元/盎司大关。 申万宏源证券指出，美国打击委内瑞拉等地缘事件刺激避险需求，对金价形成支撑。长期来看，货币信 用格局重塑持续，美国财政赤字率提升背景下，央行购金成为长期趋势，叠加我国黄金储备仍偏低，金 价中枢有望持续上行。此外，降息后实际利率下行将吸引黄金ETF资金流入，当前贵金属板块估值具备 修复动力。 ...