王爷说财经讯：黄金，再次疯涨！ 你敢信吗？2026年1月12日，全球金融市场迎来历史性一刻——伦敦现货黄金价格首次冲破4600美元/盎司大关，最高触及4601.38美元/盎司，日内涨幅超 2%！这不仅是黄金七年牛市的又一里程碑，更直接引发A股黄金板块异动，晓程科技单日大涨5.01%，山东黄金也跟涨2.86%。 可能有朋友会问，金价为啥突然疯涨？这波行情能持续多久？手里的闲钱该不该跟风配置黄金？别急，咱们一步步把这事说透，看完你就心里有数了。 01、金价再创新高：黄金首次突破4600美元！ 先说说这波金价突破的背景。 其实黄金的上涨早就有苗头，2025年全年金价就飙升逾70%，创下数十年来最佳年度表现。 进入2026年，涨势更是一发不可收拾！ 短短12天内就从年初的4300美元左右冲到4600美元。 与此同时，现货白银也跟着大涨近5%，逼近84美元/盎司的历史新高，整个贵金属市场一片火热。 02、金价疯涨的原因为何？ 核心问题来了：到底是什么在推动金价疯涨？ 主要就两个核心推手，每一个都分量十足。 第一个推手是全球地缘冲突闹得凶。 从美国突袭委内瑞拉抓捕总统马杜罗，到伊朗局势持续恶化，再到格陵兰岛的军事博弈，全 ...

21智讯01月12日电，湖南黄金公告，公司股票自2026年1月12日开市时起停牌，因正在筹划发行股份购 买资产并募集配套资金暨关联交易事项，预计构成重大资产重组。公司预计在不超过10个交易日内披露 交易方案，并力争于2026年1月26日前复牌。若未能如期披露，公司证券最晚将于2026年1月26日开市起 复牌并终止筹划相关事项。本次交易尚处于筹划阶段，交易各方尚未签署正式协议，具体方案存在较大 不确定性，敬请广大投资者注意投资风险。 ...

白银有色公告称，公司拟向下属全资子公司甘肃红鹭黄金有限公司增资约2.4亿元（以最终登记金额为 准）。本次增资已获公司第五届董事会第三十一次会议审议通过，无需提交股东会审议，且不构成关联 交易和重大资产重组。黄金公司于2025年11月完成工商登记，注册资本15亿元。公司完成15亿元实缴 后，将以铜业公司相关固定资产和郝泉沟金矿采矿权进行增资。增资后，公司仍持有其100%股权，合 并报表范围不变。截至公告披露日，增资事项尚未完成。 ...

Group 1 - The A-share market experienced a significant increase today, with a total transaction volume of 3.64 trillion yuan, setting a new historical high. The Shanghai Composite Index rose by 1.09% to close at 4165.29 points, while the Shenzhen Component Index increased by 1.75% to 14366.91 points. Over 4100 stocks rose, particularly in the media and computer sectors, with more than 200 stocks hitting the daily limit. The Shanghai Index has recorded 17 consecutive days of gains, indicating a new phase of volume-price resonance in the market, with expectations for further expansion in the future [1]. Group 2 - The gaming sector continues to reflect the "turnaround" logic since 2025, with the gaming ETF (516010) rising by 7.52%. The supply-side environment has significantly improved, with a normalization in the issuance of game licenses and a steady increase in their numbers. The profitability of gaming companies is accelerating due to ongoing cost reduction and efficiency improvement strategies, as well as contributions from high-margin new products. Given the improving macro liquidity expectations and the ongoing positive fundamentals in the industry, the gaming sector still holds high allocation value. However, due to historical volatility, investors are advised to avoid blind chasing and consider phased layouts or regular investments to share in the long-term benefits of the gaming industry's recovery and technological transformation [1]. Group 3 - Recently, the global "gold fever" has surged again, with international spot gold prices breaking through the 4600 USD/ounce mark, setting a new historical high. The current rise in gold prices is primarily driven by "liquidity easing" and "safe-haven demand." Unlike direct purchases of physical gold, investing in gold stocks often has a "Davis double effect" that amplifies returns. When gold prices rise, gold mining companies benefit not only from inventory appreciation but also from non-linear profit margin expansion, making gold stocks typically more elastic than gold prices themselves during a bull market. The gold stock ETF (517400), with its coverage of leading companies across the Shanghai, Shenzhen, and Hong Kong markets, is a strong tool for sharing in the benefits of rising gold prices. Investors may consider phased layouts or regular investments to participate [2]. Group 4 - The software sector is currently driven by a combination of "policy catalysis + accelerated industry trends + spring market enthusiasm." Looking ahead, while the short-term beta remains, caution is advised regarding potential overheating risks. In the medium term, the implementation of "AI + manufacturing" may shift the market from a "computing power competition" to "application realization." The software ETF is projected to have a growth rate of only 1.82% in 2024 and 14.43% in 2025, indicating that it still holds certain allocation value. The recovery of the macro economy, combined with the drive from AI large models, is expected to promote the development of software and applications, making the software industry likely to experience a recovery. Investors are encouraged to continue monitoring the software ETF (515230) and the computer ETF (512720) [2].

Core Viewpoint - The Shanghai Gold Exchange has issued a notice emphasizing the need for market risk control due to significant fluctuations in precious metal prices driven by multiple factors, including geopolitical risks [1] Group 1: Market Conditions - Precious metal prices, particularly gold and silver, have reached historical highs, with gold surpassing $4600 per ounce and silver breaking the $84 per ounce mark [1] - On January 12, London spot gold prices surged, hitting a peak of $4612.7 per ounce, while COMEX gold also reached new highs [1] - COMEX silver experienced a rise of over 6%, reaching $84.69 per ounce, marking a significant increase in its value [1] Group 2: Risk Management - The Shanghai Gold Exchange has urged member units to closely monitor market changes and enhance risk emergency plans to maintain market stability [1] - Investors are advised to implement risk prevention measures, manage their positions wisely, and engage in rational investment practices [1]

周一亚市早盘，现货黄金高开高走，一度涨0.57%至4535.26美元/盎司，距12月26日历史高点4549.69美 元仅一步之遥，主因美伊地缘政治紧张急剧升级。特朗普政府对伊朗抗议活动强硬表态，称"子弹上 膛，随时待发"，计划讨论军事打击等选项，点燃市场避险情绪。美伊对峙升级信号频现：特朗普周二 将听取对伊全面选项简报，伊朗威胁攻击美中东基地，针锋相对加剧"擦枪走火"风险，资金撤离风险资 产转向黄金。此外，伊朗抗议持续两周致超500人死亡，叠加经济崩溃、互联网封锁，地缘风险溢价抬 升；美国周六对叙IS目标打击，进一步推升避险需求，支撑金价短期强势。 摘要周一亚市早盘，现货黄金高开高走，一度涨0.57%至4535.26美元/盎司，距12月26日历史高点 4549.69美元仅一步之遥，主因美伊地缘政治紧张急剧升级。 ...

| 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 600547 | 山东黄金 | 1.08亿 | 4.47% | -1465.69万 | -0.61% | -9312.37万 | -3.87% | | 002716 湖南白银 | | 9294.82万 | 3.53% | 3405.73万 | 1.29% | -1.27 Z | -4.82% | | 300139 | 晓程科技 | 4501.10万 | 3.15% | -4596.59万 | -3.22% | 95.49万 | 0.07% | | 002155 湖南黄金 | | 0.00 | -- | 0.00 | A - | 0.00 | -- | | 000975 山金国际 | | -1436.85万 | -1.49% | -2252.24万 | -2.34% | 3689.08万 | 3.83% | | 002237 | 恒邦股份 | -1919.46万 | - ...

Market Performance - The Hang Seng Index rose by 1.44% to close at 26,608.48 points, while the Hang Seng Tech Index increased by 3.10% to 5,863.20 points, and the National Enterprises Index climbed by 1.90% to 9,220.08 points [1] - The index opened at 26,376.84 points, gaining 145.05 points at the start, and closed at its highest point of the day, with a total increase of 376.69 points [1] - The main board recorded a trading volume exceeding 306.2 billion HKD, with net inflows from the southbound trading of over 7.3 billion HKD [1] Sector Performance - Most sectors experienced gains, including technology, chips, gold, banking, commercial aerospace, port transportation, and brokerage [1] - Mixed performance was noted in sectors such as biomedicine, coal, building materials, cement, oil, and natural gas, while aviation, wind power, and real estate sectors generally declined [1] Individual Stock Movements - Notable stock movements included Xiaomi Group up by 2.43%, Kuaishou up by 7.43%, and SMIC up by 1.21%, while China Ping An fell by 2.14% and Horizon Robotics dropped by 4.19% [1] - Other significant movements included SenseTime up by 6.88%, Huahong Semiconductor up by 0.33%, XPeng Motors up by 2.29%, and Ganfeng Lithium up by 4.69% [1] - In the top three stocks by trading volume, Alibaba rose by 5.32% with a turnover exceeding 25 billion HKD, Tencent Holdings increased by 1.96% with over 17 billion HKD in turnover, and Meituan surged by 6.60% with a turnover exceeding 11.3 billion HKD [2]

来源：第一财经 美欧日经济在2025年明显呈K形发展，强者愈强，弱者落伍。这种经济业态会在2026年继续。特朗普推 出的关税战，看来没有对美国经济，甚至贸易对手经济构成沉重打击，初始物价效应过后，也许没有人 再提了。美国支持以色列袭击加沙、伊朗，乃至亲自下场绑架委内瑞拉总统，这些是对联合国宪章的漠 视，并推翻了二战后的国际秩序，但在资本市场也没有卷起大的风浪。 然而，平推之中酝酿着变局。经济K形发展必然招致选民反弹，2026年最大变数就是美国中期选举。以 目前的民意，共和党可能会失去众议院多数席位，一旦成真将会冲击特朗普政府的执政能力。日本首相 高市早苗可能不久后会宣布提前大选，她的个人魅力将和选民对物价的不满直接碰撞。英国工党领袖之 争、德国地方选举，乃至法国2027年初的总统大选，均可能成为选民说NO的契机。 许多变化对经济的真实冲击需要更长时间酝酿才能看到。英国政客曾把脱欧吹得很厉害，但十年后选民 才发现，本国经济比脱欧前少了6%~8%，而且海外投资裹足不前，高收入人群逃离，财政状况每况愈 下。美国调高关税，打劫了世界，看上去对本国物价冲击有限，但其实主要涨价压力暂时被批发商、零 售商吞下，需要时间才能 ...

Market Overview - In December, the U.S. non-farm payrolls increased by less than expected, but the unemployment rate fell to 4.4%[9] - The U.S. stock market saw all three major indices rise, driven by the latest employment report, indicating a "low hiring, low layoffs" state in the labor market[9] - The Hang Seng Index closed at 26,232, up 0.32% for the day, while the Shanghai Composite Index rose by 0.92%[3] Sector Performance - Gold stocks surged, with Shandong Gold rising over 6% and Zhaojin Mining up more than 4%, as spot gold prices exceeded $4,470 per ounce[9] - AI-related stocks performed strongly, with MINIMAX-WP listing and gaining 109% on its debut, and iFlytek Medical Technology rising 20.58%[9] - Solar stocks declined, with New Energy Technology dropping over 8% amid regulatory concerns regarding industry monopolies[9] Economic Indicators - The CME FedWatch tool indicates a 5% probability of a Federal Reserve rate cut in the next meeting, down from 11% the previous day, with expectations for at least two cuts this year[9] - Japan's household spending rose by 2.9% year-on-year in November, exceeding market expectations of 0.9%[13] Company Highlights - Nvidia saw a slight decline of 0.1%, while Intel surged by 10.8%, marking its largest single-day gain since September[10] - Fast Retailing, the parent company of Uniqlo, reported a 34% increase in operating profit, leading to a nearly 11% rise in its stock price[13]