责编：叶舒筠 校对： 王蔚 版权声明 Au（黄金）（T+D）等合约的保证金水平从13%调整为14%，下一交易日起涨跌幅度限制从12%调整为 13%； Ag（白银）（T+D）合约的保证金水平从16%调整为17%，下一交易日起涨跌幅度限制从15%调整为 16%。 证券时报各平台所有原创内容，未经书面授权，任何单位及个人不得转载。我社保留追 究相关 行 为主体 法律责任的权利。 9月3日，上海黄金交易所发布通知，根据《上海黄金交易所风险控制管理办法》的有关规定， 上金所 对黄金延期品种与白银延期合约交易保证金水平和涨跌停板比例进行调整 。 具体来看，自2025年9月5日周五收盘清算时起： 来源：央视财经 END 点击关键字可查看 潜望系列深度报道丨 股事会专栏 丨 投资小红书 丨 e公司调查 丨 时报会客厅 丨 十大明星私募访谈 丨 突变！科技股大幅回调，新能源赛道拉升 丨 重大调整！中国企业赴美上市受影响！ 丨 大涨！暂 停交易！特朗普家族大消息 丨 事关降息！美联储，大消息！ 丨 油价，突然跳水！ 丨 605255，9连 板！300668，尾盘异动！ 丨 黄金，再创历史新高！ 丨 英国资产，全线闪崩！ 丨 爆买 ...

Core Insights - The article emphasizes the hidden risks in the spot gold market, comparing it to navigating through treacherous waters filled with reefs, where traders can face significant financial losses and account freezes [1] - It highlights the importance of building a protective network to guard against malicious trading practices and account freezes [1] Market Dynamics - Certain platforms may intentionally widen spreads before the release of non-farm payroll data to entice investors into frequent trading during volatile price movements [1] - Traders are advised to remain vigilant and verify market conditions through multiple data sources to confirm the authenticity of market trends [1] Trading Strategies - Successful trading requires a dual verification approach, combining technical analysis with fundamental factors [1] - When gold prices break through key resistance levels, it is crucial to monitor the movements of the US dollar index, US Treasury yields, and geopolitical developments [1] - Misjudgments can occur if traders overlook the impact of Federal Reserve interest rate expectations on gold prices, which can be more dangerous than technical errors [1] Risk Management - Maintaining a sense of caution in a tempting market is more important than pursuing quick profits [1] - Experienced traders are advised to reduce their positions during abnormal market fluctuations, similar to how skilled climbers avoid risky climbs in severe weather [1] - In cases of unusual account activity or withdrawal delays, traders should activate emergency protocols and verify account status through official channels [1] - The article concludes that safeguarding capital is always more valuable than short-term gains [1]

Core Viewpoint - Precious metals investment is increasingly important for asset allocation due to its hedging properties and appreciation potential, with the choice of a safe and compliant trading platform being a primary concern for investors [1] Group 1: Why Choose Wanzhou Gold Industry? - Wanzhou Gold Industry operates under strict compliance, holding a legitimate financial license, including the Hong Kong Gold Exchange AA Class 141 license and recognition as a 999.9 gold refiner by the Hong Kong government, ensuring user rights are protected [3] Group 2: Wanzhou Gold Industry APP Download Guide - The APP should be downloaded from official channels to avoid counterfeit software, ensuring personal information security [4] - The APP is compatible with both Android and iOS systems, catering to various user devices [4] - The installation and registration process is straightforward, allowing users to create an account within minutes [4] Group 3: Core Advantages of Wanzhou Gold Industry APP - The APP features a user-friendly interface designed for mobile, integrating market analysis, trading execution, and fund management [6] - It provides real-time pricing for major international spot gold and silver, with minimal latency, along with professional chart analysis tools [6] - The APP offers a diverse range of trading products, including London gold, London silver, and various gold bars, supporting multiple trading modes [6] - Investment thresholds are low, with a minimum deposit of only 70 USD and a micro-trading option starting at 0.01 lots, along with a simulated trading feature for beginners [6] - The APP includes a built-in investment encyclopedia and 24/7 customer support to assist users with inquiries and issues [7] Group 4: Important Considerations for Precious Metal Investment - Despite Wanzhou Gold Industry being a legitimate platform, investors should be aware of market risks associated with precious metal investments, influenced by international economic data, dollar trends, and geopolitical factors [8] - It is recommended for investors to practice with simulated trading before engaging in real transactions to familiarize themselves with market dynamics [8]

Core Viewpoint - The recent surge in prices of precious metals like gold and silver has led to increased market volatility, prompting the Shanghai Gold Exchange to adjust margin levels and price fluctuation limits for trading contracts [1][4]. Summary by Sections Market Adjustments - On September 3, the Shanghai Gold Exchange announced changes to the margin levels and price fluctuation limits for various gold and silver contracts, effective from September 5, 2025. The margin for gold contracts (Au T+D, mAu T+D, Au T+N1, Au T+N2, NYAuTN06, NYAuTN12) will increase from 13% to 14%, and the price fluctuation limit will rise from 12% to 13%. For silver contracts (Ag T+D), the margin will increase from 16% to 17%, and the fluctuation limit will change from 15% to 16% [1]. Market Performance - Precious metal prices have seen significant increases this year, with London spot gold reaching a record high of $3,550 per ounce, marking a 35% increase year-to-date. London spot silver has risen by 42% during the same period [4][5]. Investment Sentiment - Analysts indicate that a "perfect storm" is brewing in global markets due to various geopolitical and economic factors, leading to heightened risk aversion among investors. Precious metals are becoming a core investment choice for risk-averse capital. Technical indicators suggest that if gold surpasses the $3,600 mark, it could target the $3,800 range, while silver is expected to follow suit [5]. Stock Market Impact - The rise in gold prices has positively influenced related stocks, with 13 companies in the A-share and Hong Kong stock markets seeing their stock prices increase by over 100% this year. Notable performers include Lingbao Gold (up 473.11%) and Tongguan Gold (up 359.31%) [6][7].

Core Viewpoint - The international gold price has reached a historic high of over $3500, marking a significant milestone in the gold market, driven by various factors including geopolitical tensions and changing monetary policies [3][4]. Group 1: Gold Price Surge - The international gold price surpassed $3500 on September 2, setting a new historical record and indicating strong momentum in the gold market [3]. - As of September 1, the spot gold price has increased nearly 35% this year, with predictions from several institutions suggesting it may challenge $3700 or even $4000 in the next year and a half [3]. Group 2: Factors Driving Gold Price Increase - Renewed tensions in the Middle East have led to a surge in geopolitical risk premiums, intensifying the market's bullish and bearish dynamics [3]. - The market's expectation of a near 90% probability of a Federal Reserve rate cut in September is likely to keep the dollar subdued, resulting in significant cash flow into gold [4]. - Global central banks have maintained a net purchase of over 1000 tons of gold for three consecutive years, with 244 tons acquired in the first quarter of 2025, reflecting concerns over dollar credit risk and the urgent need for a restructured monetary system amid de-globalization [5]. Group 3: Company Overview - Huangyu Precious Metals - Huangyu Precious Metals has 13 years of professional experience, providing secure and efficient trading services to investors amid the rising gold investment wave [6]. - The company is a member of the Hong Kong Gold Exchange with the highest AA-class trading license, ensuring its capability to offer spot gold and silver electronic trading to global investors [7]. - Utilizing the internationally leading MT4 trading system, Huangyu offers a user-friendly interface and advanced security measures, ensuring customer information safety [7]. - The company has a professional market analysis team that provides timely and accurate market insights and investment strategy recommendations, helping investors seize opportunities [7]. Group 4: Market Opportunities - As gold price volatility increases, trading opportunities multiply, and Huangyu's robust technology, transparent trading processes, and comprehensive customer service create a complete trust chain for investors [9]. - Choosing Huangyu Precious Metals means selecting a technologically advanced and reputable trading partner [9].

Group 1 - Gold prices reached a new all-time high, with spot gold rising by 1.5% to $3,526.70 per ounce and December futures up 2.1% to $3,590.90, marking a year-to-date increase of nearly 34% [1] - The rise in gold prices is supported by ongoing purchases from global central banks, driven by geopolitical tensions, a weakening dollar, and increased market demand for safe-haven assets [1][4] - The People's Bank of China has increased its gold reserves for 17 consecutive months, reflecting a long-term strategic asset allocation aimed at reducing dependence on dollar assets and seeking safety amid geopolitical instability [4] Group 2 - Despite strong stock market performance, risk sentiment has weakened entering September, traditionally a weak month for U.S. equities, with a 92% probability of a 25 basis point rate cut by the Federal Reserve anticipated at the September 17 meeting [3] - Investors are focusing on the upcoming non-farm payroll report for August as a key indicator for the Federal Reserve's policy direction [3]

Group 1 - The Shanghai Gold Exchange has announced adjustments to the margin levels and price fluctuation limits for gold and silver contracts, effective from September 5, 2025 [1] - The margin level for gold contracts (Au T+D, mAu T+D, Au T+N1, Au T+N2, NYAuTN06, NYAuTN12) will increase from 13% to 14%, and the price fluctuation limit will change from 12% to 13% [1] - The margin level for silver contracts (Ag T+D) will rise from 16% to 17%, with the price fluctuation limit increasing from 15% to 16% [1] Group 2 - The exchange emphasizes the importance of risk awareness among members and encourages the implementation of risk management plans [1] - Investors are advised to manage their positions carefully and invest rationally to ensure the stability and healthy operation of the market [1]

Key Points - The Shanghai Gold Exchange has announced adjustments to the margin levels and price fluctuation limits for gold and silver deferred contracts, effective from September 5, 2025 [2] - The margin level for Au (T+D), mAu (T+D), Au (T+N1), Au (T+N2), NYAuTN06, and NYAuTN12 contracts will increase from 13% to 14%, with the price fluctuation limit changing from 12% to 13% [2] - The margin level for Ag (T+D) contracts will rise from 16% to 17%, and the price fluctuation limit will be adjusted from 15% to 16% [2] - Members are advised to enhance risk awareness and prepare emergency risk response plans to ensure market stability [3]

Core Viewpoint - The Shanghai Gold Exchange (SGE) has announced adjustments to margin levels and price fluctuation limits for certain gold and silver contracts, aiming to enhance market risk management and curb excessive speculation amid recent price volatility in precious metals [3][4]. Group 1: Margin Adjustments - Starting from the close of trading on September 5, 2025, the margin level for various gold contracts, including Au (T+D) and mAu (T+D), will increase from 13% to 14%, while the price fluctuation limit will rise from 12% to 13% [3]. - The margin level for the Ag (T+D) contract will be adjusted from 16% to 17%, with the price fluctuation limit increasing from 15% to 16% [3]. Group 2: Market Context and Implications - Recent market trends show a significant surge in gold prices, with London spot gold surpassing $3,500 per ounce and COMEX gold futures rising by 1.51% to $3,599.5 per ounce, reaching historical highs [4]. - Analysts believe that the increase in margin requirements and the relaxation of price fluctuation limits are intended to strengthen risk management and prevent systemic risks [4]. - Short-term effects may include increased margin requirements, reduced leverage, and higher costs for short-term speculation, while long-term effects could lead to more rational trading and improved market efficiency [4].

新华财经北京9月3日电上海黄金交易所发布通知，根据《上海黄金交易所风险控制管理办法》的有关规 定，对黄金延期品种与白银延期合约交易保证金水平和涨跌停板比例进行调整。 （文章来源：新华财经） 自2025年9月5日（星期五）收盘清算时起，Au（T+D）、mAu（T+D）、Au（T+N1）、Au （T+N2）、NYAuTN06、NYAuTN12等合约的保证金水平从13%调整为14%，下一交易日起涨跌幅度限 制从12%调整为13%；Ag（T+D）合约的保证金水平从16%调整为17%，下一交易日起涨跌幅度限制从 15%调整为16%。 ...