Core Insights - The precious metals industry in China faces challenges such as diverse product types, large inventories, inconsistent management standards, complex distribution, and high internal control risks [1] - The adoption of information technology tools is expected to enhance the management efficiency and security of vaults in the precious metals sector [1] Company Overview - Tianjin Lianda Precious Metals Co., Ltd. operates in the precious metals market, focusing on trading silver, platinum, and palladium, and provides investment consulting services [2] - The company is a member of the Tianjin Precious Metals Exchange and aims to offer safe and efficient services to clients through a standardized service system and an international management team [2] Technological Implementation - The company utilizes the Qinzhe Excel Server Management System, which allows ordinary employees to manage functions with simple training, eliminating the need for highly paid software engineers [2][10] - The system supports various business processes, including standardized operations, collaborative workflows, and report generation, significantly improving operational efficiency [2][10] Business Modules - The customer information module ensures that all account applications are processed according to strict protocols, with a comprehensive review system to minimize errors [5] - The SMS service integrates seamlessly with the Excel server, enabling the company to send important notifications to thousands of clients with a single click [7] - The statistical query function is crucial for generating reports and real-time customer information checks, supporting the company's 24/5 customer service hotline [8] Performance and Future Considerations - Since implementing the Qinzhe Excel Server Management System in 2010, the company has experienced significant performance improvements [10] - Key considerations for selecting an information system include security measures, functionality completeness, user-friendliness, and cost-effectiveness [10]

Group 1 - Silver prices have risen for the third consecutive trading day, reaching a new high of $43.57 per ounce, the highest since August 2011, with current trading around $43.55, reflecting a daily increase of over 1.2% [1] - The Federal Reserve's initiation of monetary easing policies amid increasing economic uncertainty is a significant factor driving the strength of silver [1][3] - The recent interest rate cut by the Federal Reserve, reducing rates by 25 basis points to a range of 4.00%-4.25%, is favorable for non-yielding assets like silver [3] Group 2 - Strong employment data has supported the US dollar, which may exert some pressure on the upward momentum of precious metals priced in dollars [4] - Technical analysis indicates that silver has broken through the upper boundary of an upward channel, suggesting an upgraded strength in the upward trend, although a slight overbought condition may lead to a period of consolidation [5] - If silver prices retreat below $43.00, new buyers may enter around $42.55, potentially limiting the downside to the $42.20-$42.15 range, with further support at $42.00 [7]

相对于黄金，一些分析师认为白银可能被低估了，后者可能有更大的上升空间。 汇丰银行贵金属分析师James Steel在上个月的一份报告中写道，"黄金价格上涨吸引了白银的购买，这些购买者可能是那些尚未充分利用黄金上涨的投资 者。" AI播客：换个方式听新闻 下载mp3 音频由扣子空间生成 周一亚盘，现货白银突破前高，站上43.50美元/盎司上方，创2011年8月以来新高，现货黄金则徘徊在历史高位附近，投资者正等待美联储官员的一系列讲话 和本周出炉的通胀数据。 今年白银价格已飙升50%，达到2011年以来的最高水平，2025年金价也上涨近40%，有望实现自1979年以来的最佳年度表现。 今年全球贸易格局发生调整，美联储独立性面临威胁，美元走弱，投资者纷纷涌入黄金和白银市场。白银也是半导体的关键成分。Rosenberg Research的 David Rosenberg最近写道，"在我的个人账户里，我刚刚买了一大堆金银条。" Gabelli gold基金的投资组合联席经理Chris Mancini说，随着金价走高，可能会有更多散户投资者被白银吸引。《捕熊陷阱报告》（Bear Trap Report）在9月 12日表示 ...

Summary of Key Points Core Viewpoint - The Shanghai Gold Exchange reported a decline in trading volumes and values across various precious metals in August 2025, despite international gold prices reaching new highs. Group 1: Trading Volume and Value - In August 2025, the total trading amount for various contracts on the Shanghai Gold Exchange was 32,007.63 billion yuan, a year-on-year decrease of 7.9%, with inquiry trading accounting for 75.4% at 24,144.86 billion yuan [1] - The trading amounts for member proprietary and agency businesses were 29,985.63 billion yuan and 2,202 billion yuan, respectively [1] - The gold trading volume was 4,020,058.88 kilograms, down 32.5% year-on-year, with a trading value of 31,158.17 billion yuan, a decrease of 7.7% [1] Group 2: Precious Metals Performance - International gold prices reached a record high of 3,447.95 USD/ounce, increasing by 151.62 USD from the previous month [2] - The trading volume for platinum was 8,284 kilograms, down 45.1%, with a trading value of 26.43 billion yuan, a decrease of 21.6% [1] - Silver trading volume was 8,972,768 kilograms, down 33.8%, with a trading value of 823.04 billion yuan, a decrease of 16.1% [1] Group 3: Domestic Market Trends - The Au99.99 gold contract opened at 767 yuan/gram and closed at 781.71 yuan/gram, reflecting a monthly increase of 14.35 yuan/gram, or 1.87% [3] - The average price for gold this month was 775.78 yuan, up 3.52 yuan from the previous month [3] - The silver Ag (T+D) contract opened at 8,891 yuan/kilogram and closed at 9,365 yuan/kilogram, with a monthly increase of 367 yuan/kilogram, or 4.08% [3] Group 4: Delivery and Physical Outflows - The total gold delivery volume was 502,656.88 kilograms, with a physical outflow of 84,971 kilograms [4] - The total silver delivery volume was 1,025,220 kilograms, with a physical outflow of 163,215 kilograms [4]

Core Viewpoint - The article discusses the recent movements in the silver market and the impact of U.S. political developments on commodity prices, particularly silver and gold, amid rising government shutdown risks and potential interest rate cuts by the Federal Reserve [1][3]. Market Overview - The U.S. dollar index is trading around 97.74, while spot silver opened at $43.06 per ounce and is currently around $43.13 per ounce. The silver T+D is trading at approximately 10,193 yuan per kilogram, and the main Shanghai silver contract is around 10,250 yuan per kilogram [1]. - Last Friday, the dollar index rose by 0.30% to close at 97.66, while spot silver increased by 3.05% to close at $43.07 per ounce. This surge was attributed to the failure of the Republican funding bill, raising the risk of a government shutdown [1]. Federal Reserve Insights - Federal Reserve officials, including Governor Milan, indicated that further interest rate cuts are likely in the coming months, with a focus on addressing rising unemployment risks. Minneapolis Fed President Kashkari suggested that two more rate cuts this year would be appropriate if the labor market weakens more than expected [3]. Silver Market Analysis - The silver market opened last week at $42.17, experienced a low of $41.10, and reached a high of $43.095 before closing at $43.049. The market showed a long lower shadow hammer candlestick pattern, suggesting potential bullish sentiment [5]. - Current trading strategies include holding long positions with stop-loss orders set at $42.4, targeting levels of $43.1, $43.3, and $43.5 [5]. ETF Holdings - The SLV silver ETF holds 15,205.14 tons, remaining unchanged from the previous trading day [2].

（图源/皇御贵金属官网） ●美联储重启降息，强化黄金吸引力 2025-09-22 10:10:00 作者：狼叫兽 回溯黄金市场9月以来走势，其破局之势令人惊叹。金价连闯3500、3600、3700三道大关口，一度站上 3707美元/盎司，多次刷新历史纪录，无限机遇喷薄而出。面对如此难得的掘金窗口期，每一位投资者 都渴望抓住机遇，却也需可靠平台的助力。皇御贵金属，香港黄金交易所AA类79号行员，深耕行业多 年，以专业与权威赢得市场信赖，此次更是以$50000赠金厚礼为投资者送上及时雨，助力冲刺史诗级行 情！ ●央行持续购金，增强市场信心 从全球范围来看，各国央行持续增持黄金储备。据世界黄金协会报告显示，全球央行自2020年第三季度 以来已连续 14个季度净购入黄金。其中我国央行截至8月末，已连续10个月增持黄金，黄金储备达到 7402万盎司。多国央行的持续购金行为，一方面反映了黄金作为储备资产的重要性不断提升，另一方面 也向市场传递了积极信号，增强了投资者对黄金市场的信心，推动金价稳步上升。 ●多因素推动避险升温，金价走涨 中东局势反复、俄乌冲突延宕，叠加美关税不确定性仍在，避险情绪居高不下；同时，市场对美联储 ...

Market Overview - International gold prices rose again on September 19, with an opening price of $3641.30 per ounce, a high of $3675.86, a low of $3632.29, and a closing price of $3670.74 [1] Economic News - The U.S. House passed a Republican funding bill that did not pass in the Senate; Democratic leaders are urging a quick meeting with Trump to avoid a government shutdown [2] - Minneapolis Fed President Kashkari expects two more rate cuts this year [2] - Fed Governor Milan opposed a 25 basis point cut, supporting a 50 basis point cut instead, believing tariffs have no significant impact on inflation and advocating for faster rate cuts in the coming months [2] Geopolitical Developments - U.S. senators are seeking to increase financial pressure on Russia, targeting Moscow's energy exports with a new bill aimed at expanding sanctions on Russia's "shadow fleet" of oil tankers [4] - The EU has approved a new round of sanctions against Russia, lowering the oil price cap to $47.6 per barrel and proposing a ban on Russian LNG imports by January 1, 2027, a year earlier than planned [4] - President Trump plans to meet with leaders from Arab and Muslim countries to discuss ways to end the Gaza conflict during the UN General Assembly [4] Federal Reserve Outlook - According to CME's FedWatch, the probability of the Fed maintaining rates in October is 8.1%, with a 91.9% chance of a 25 basis point cut [5] - By December, the probability of maintaining rates is 1%, with an 80.5% chance of a cumulative 50 basis point cut [5] Technical Analysis - Gold prices showed a strong upward trend, with a significant rebound after touching a low of $3632, reaching a high of $3685 [9] - The daily chart indicates a bullish trend, with moving averages showing a consistent upward divergence [9] - Short-term trading strategies suggest maintaining a cautious bullish approach, focusing on buying on dips [10]

Group 1 - The core viewpoint of the article highlights the significant opportunity in the gold market driven by recent interest rate cuts and geopolitical tensions, making it an ideal time for investment [2][3]. - The Federal Reserve's decision to lower the federal funds rate by 25 basis points to a target range of 4.00% to 4.25% is expected to continue, with potential further cuts in the upcoming meetings [2]. - Gold prices reached a historic high of over $3,650 per ounce on September 16, 2025, fueled by weak economic data and increased risk aversion globally [2]. Group 2 - The company, Lingfeng Global, offers a secure trading platform with regulatory compliance, utilizing bank-level fund segregation and SSL encryption to ensure a safe trading environment for investors [1]. - Lingfeng Global provides a live streaming service for new investors, featuring industry experts who analyze market trends and assist in identifying optimal entry points for trading [3]. - Institutions like UBS and Goldman Sachs are optimistic about gold's future, with UBS raising its year-end target price to $3,800 per ounce and Goldman Sachs suggesting a long-term potential of $5,000 per ounce [3]. Group 3 - New investors can benefit from 24/7 customer service and a risk-free simulated trading account offered by Lingfeng Global, facilitating a smooth entry into gold investment [4]. - The platform encourages new users to take advantage of exclusive benefits by registering on its website or downloading the official app, ensuring they do not miss any upward market movements [4].

Core Viewpoint - The article emphasizes the increasing interest in spot gold as a liquid and low-entry asset among market investors, particularly beginners, highlighting the importance of selecting a safe and reliable trading platform for gold transactions [1]. Group 1: Recommended Trading Platforms - Leading Gold Trading Platform: Lingfeng Precious Metals is recognized as a top platform with AA class membership from the Hong Kong Gold Exchange, offering compliant trading options for gold and silver, advanced trading systems, and strong fund protection measures [4]. - Reliable Platform for Beginners: Huangyu Precious Metals, also an AA class member, is noted for its fast deposits and withdrawals, smooth trading experience, and strong customer service, making it suitable for novice investors [5]. - Diverse Financial Products: Lingfeng Global provides a variety of financial products, including spot gold and silver, and offers free access to relevant market information, catering to new investors interested in international gold trading [6]. Group 2: Additional Notable Platforms - Global Leader: Gain Capital is recognized for its strong global customer base and regulatory framework, providing rich educational resources for new investors to understand the gold market [7]. - Flexible Trading Tools: Hong Kong First Gold offers flexible trading tools and low fees, gaining popularity among new investors for its excellent customer service [8]. - Stable Trading Environment: Futu Precious Metals is chosen by many international investors for its stable trading system and global service network, supporting flexible trading methods suitable for beginners [9]. Group 3: Key Features for Safe Trading - Essential Trading Safety: The article outlines key characteristics to consider when selecting a gold trading platform, including platform qualifications, safety, trading costs, tools, and customer service speed, which directly impact trading fluidity and fund security [14].

Core Viewpoint - The unexpected decline in gold prices following the Federal Reserve's interest rate cut highlights the complexities of market behavior, where textbook theories do not always apply [3][12]. Group 1: Market Reactions - The Federal Reserve lowered the federal funds rate by 25 basis points to a target range of 4%-4.25%, which typically supports gold prices [3]. - Following the rate cut, international gold prices fell from over $3700 per ounce to around $3650 per ounce, while domestic gold futures also saw a significant drop [3]. - This phenomenon of "good news turning bad" is reminiscent of the "slow bull fast adjustment" pattern observed in the A-share market [3][4]. Group 2: Behavioral Insights - The market often exhibits counterintuitive behavior, as seen in past instances where gold prices rose after initial interest rate hikes [3][12]. - Retail investors frequently misinterpret market signals, leading to premature selling during corrections and chasing prices during rallies [4][8]. - The concept of "herding behavior" among retail investors can create opportunities for larger institutional players to offload positions [5]. Group 3: Long-term Trends - The long-term bullish outlook for gold is supported by significant data, including record central bank purchases of gold and a shift towards de-dollarization [12][13]. - Industrial demand for silver is also on the rise, particularly due to its applications in solar energy [12]. - The importance of quantitative analysis in understanding market dynamics is emphasized, as it helps investors navigate emotional traps and market noise [12][14].