华鑫证券近日发布有色金属行业周报：价格方面，周内伦敦黄金价格为4981.85美元/盎司，环比1月23 日+35.60美元/盎司，涨幅为0.72%。周内伦敦白银价格为103.19美元/盎司，环比1月23日+4.19美元/盎 司，涨幅为4.23%。本周LME铜收盘价13440美元/吨，环比1月23日+460美元/吨，涨幅为+3.54%。 以下为研究报告摘要： 投资要点 贵金属：短期贵金属巨震，但是年内仍将降息支撑贵金属价格 价格方面，周内伦敦黄金价格为4981.85美元/盎司，环比1月23日+35.60美元/盎司，涨幅为0.72%。周内 伦敦白银价格为103.19美元/盎司，环比1月23日+4.19美元/盎司，涨幅为4.23%。 数据方面，美国11月耐用品订单环比初值5.3%，前值-2.1%，预期3.8%。美国美联储FOMC利率决策(下 限)3.5%，前值3.5%，预期3.5%。美国美联储FOMC利率决策(上限)3.75%，前值3.75%，预期3.75%。美 国1月24日当周首次申请失业救济人数20.9万人，前值20万人，预期20.5万人。美国12月PPI同比3%，前 值3%，预期2.8%。 本周美联储议息会议维 ...

Group 1 - The core viewpoint of the news highlights the performance of the China Securities Hong Kong Gold Industry Stock Index, with notable gains in stocks such as Caibai Co., Ltd. and Hunan Gold, while the gold stock ETF shows active trading and liquidity [1][2] - As of February 3, 2026, the China Securities Hong Kong Gold Industry Stock Index constituents showed mixed performance, with Caibai Co., Ltd. leading with a 10.02% increase, followed by Hunan Gold at 7.36% and the WanGuo Gold Group-New at 6.58% [1] - The gold stock ETF fund (159322) had a recent price of 2.01 yuan, with a turnover rate of 19.91% and a trading volume of 63.39 million yuan, indicating active market participation [1] Group 2 - The China Securities Hong Kong Gold Industry Stock Index is composed of 50 large-cap companies involved in gold mining, smelting, and sales, reflecting the overall performance of gold industry listed companies in mainland China and Hong Kong [1] - As of January 30, 2026, the top ten weighted stocks in the index include Zhongjin Gold, Zijin Mining, and Shandong Gold, collectively accounting for 61.69% of the index [2] - The recent rebound in spot gold prices is attributed to speculative fund adjustments and leverage unwinding, while long-term support factors for gold remain intact, including geopolitical complexities and the U.S. debt surpassing 38.5 trillion dollars [1]

虽然金银价格在暴跌后有所反弹，但A股市场黄金概念股开盘仍多数下跌。其中，豫光金铅、四川 黄金、招金黄金、白银有色、盛达资源、中国黄金、湖南白银跌停，值得注意的是，豫光金铅、盛达资 源、招金黄金、四川黄金、白银有色为连续第三日跌停。现货黄金在昨日一跌跌至4402.38美元后，今 日有明显反弹，盘中一度反弹至4855.81美元/盎司。 （责任编辑：刘畅 ） 【免责声明】本文仅代表作者本人观点，与和讯网无关。和讯网站对文中陈述、观点判断保持中立，不对所包含内容 的准确性、可靠性或完整性提供任何明示或暗示的保证。请读者仅作参考，并请自行承担全部责任。邮箱： news_center@staff.hexun.com | 代码 | 名称 | | 涨幅% ↑ | 总市值 | 年初至今涨幅% | | --- | --- | --- | --- | --- | --- | | 600531 | 豫光金铝 | fek | -10.01 | 219亿 | 53.79 | | 001337 | 四川黄金 | 1 | -10.01 | 225亿 | 92.39 | | 000506 | 招金黄金 | 第 | -10.00 | 193亿 ...

Core Viewpoint - The article highlights the unique position of Zhaoyuan and Laizhou in Shandong Province as significant players in the gold industry, emphasizing their strategic importance in both national economic development and global gold markets [1][4]. Group 1: Gold Mining and Resources - Zhaoyuan and Laizhou are located in the world's third-largest gold mining area, making them critical to China's gold production [5]. - Zhaoyuan has been the top gold-producing county in China for 46 consecutive years, while Laizhou is home to the largest single gold deposit in the country, the Xiling Gold Mine, with nearly 600 tons of gold resources valued at over 200 billion yuan [5][6]. - By the end of 2025, Yantai City, where these two cities are located, is expected to have over 3,900 tons of proven gold resources, accounting for approximately 26% of the national total [5][6]. Group 2: Industrial Development Strategies - Zhaoyuan focuses on a "vertical" approach, developing a comprehensive gold industry chain that includes exploration, green mining, refining, and retail, with a projected revenue of over 149 billion yuan after integrating with state-owned enterprises [9][11]. - Laizhou adopts a "horizontal" strategy, leveraging gold industry cash flow to foster new industrial clusters in sectors like renewable energy and high-end chemicals, creating a diversified economic base [11][13]. Group 3: Technological Advancements and Future Directions - The Shandong Provincial Government has initiated a plan to elevate the gold industry towards high-tech applications, targeting sectors such as semiconductors and aerospace, moving beyond traditional gold mining [17][18]. - Future gold production from these cities is expected to contribute to advanced materials for technology, such as high-purity gold targets for semiconductors and critical components for medical devices [18][19]. Group 4: Broader Economic Implications - The article emphasizes that Zhaoyuan and Laizhou represent a shift in how resource-rich regions can avoid the "resource curse" by focusing on industrial transformation and technological innovation [19][20]. - The stability and long-term vision of these cities in the face of fluctuating gold prices reflect a commitment to sustainable economic development and industrial value creation [19][20].

港股午间收盘，恒生指数涨0.20%，国企指数跌0.22%，恒生科技指数跌1.32%。 科网股集体低迷，快手、哔哩哔哩跌超4%，百度集团、腾讯控股跌逾3%，阿里巴巴、美团跌近2%。 黄金股反弹，万国黄金集团涨超6%，潼关黄金涨逾4%，灵宝黄金、紫金黄金国际涨超3%。 南向资金半日净买入额为4423万港元，其中沪港通净买入16.68亿港元，深港通净卖出16.24亿港元。 ...

具体板块来看，商业航天概念走势强劲，海兰信、航天发展封涨停，此前巨力索具、通宇通讯、沃格光电、润贝航科等十余股涨停。 消息面上，据财联社，太空探索技术公司（SpaceX）在官网发布由马斯克署名的声明，确认与人工智能企业xAI公司合并。据报道，合并后公 司预计每股定价约527美元，估值将达到1.25万亿美元。 光伏概念持续走强，双良节能、奥特维涨停。化工板块拉升，红宝丽3天2板，万丰股份4连板。 黄金概念股继续下挫，四川黄金、招金黄金等多股跌停。（详见： 金银大反弹，白银基金跌停，A股黄金股重挫 ） 热门个股方面，国产AI芯片龙头寒武纪股价盘中出现大幅下挫引发关注。截至午间收盘，寒武纪报1082元/股，跌近13%，公司总市值同步回 落至4500亿元附近。 记者丨金珊 李益文 见习记者林健民 编辑丨江佩霞 2月3日，A股市场早盘冲高回落后，又再度震荡拉升。三大指数盘中翻绿，创业板指此前一度涨超2%， 截至午间收盘，三大指数集体翻红 。 沪深两市半日成交额1.6万亿，较上个交易日缩量400亿，全市场超4400只个股上涨。 | 上证指数 | 深证成指 | 创业板指 | | --- | --- | --- | | 40 ...

受科技股下跌影响，港股三大指数盘中快速下挫集体转跌。截止午盘，恒生指数回升转涨0.2%，国企 指数跌0.22%，恒生科技指数跌1.32%。受市场传闻影响科技股多数下跌，其中百度、腾讯跌超3%，盘 中一度跌超6%以上；企稳信号初现！ 黄金 白银盘中反攻，黄金股领衔 有色金属股反弹，重型机械 股、 电力设备股、 军工股、航空股多数活跃。另外，中资券商股、汽车股、 AI应用概念股低迷。(格 隆汇) ...

受科技下跌影响，港股三大指数盘中快速下挫转跌。截止午盘，恒生指数回升转涨0.2%，国企指数跌 0.22%，恒生科技指数跌1.32%。受市场传闻影响科技股多数下跌，其中百度、腾讯跌超3%，盘中一度 跌超6%以上；企稳信号初现！黄金白银盘中反攻，黄金股领衔有色金属股反弹，重型机械股、电力设 备股、军工股、航空股多数活跃。另外，中资券商股、汽车股、AI应用概念股低迷。 来源：滚动播报 ...

2月2日，对于咱们广大A股投资者来说，绝对是难忘的一天——被业内称为"黑色星期一"的暴跌突袭市 场，其中资源股成为重灾区，黄金、有色、化工等板块集体"躺平"，多只股票直接跌停，沪指更是失守 3800点关键关口，一路震荡下行。这场突如其来的下跌，没有任何预兆，不仅让重仓资源股的股民损失 惨重，就连手里握有相关基金、黄金理财的普通老百姓，也纷纷慌了神："我买的基金净值怎么跌这么 多?""银行纸黄金还能持有吗?""这波下跌到底什么时候是个头?" 其实咱们普通人投资理财，图的就是一个安稳省心，要么是想赚点零花钱补贴家用，要么是为了攒养老 金、孩子学费，可股市的波动从来不会手下留情。很多人对专业的财经术语一窍不通，看着屏幕上不断 跳动的绿色数字，只觉得心慌，却不知道这波暴跌到底是怎么来的，更不清楚自己的钱袋子到底受了多 大影响，该怎么应对。今天，咱们就用大白话，把这件事彻底说清楚，不聊专业名词，只讲和你息息相 关的干货，帮你稳住心态，守住自己的辛苦钱。 一、暴跌现场：股民直呼"看不懂"，有人欢喜有人愁 2月2日一开盘，A股市场就透着一股不对劲——原本平稳运行的资源股，突然集体跳水，买盘瞬间消 失，卖盘却排起了长队。打开 ...

Market Overview - The Hong Kong stock market experienced a decline, with the Hang Seng Index closing at 23,831 points, down 145 points or 0.61% [1][5] - The Hang Seng Technology Index fell by 3.36%, while the Hang Seng China Enterprises Index decreased by 2.54% [1][5] - The market turnover decreased to 82.799 billion [1][5] U.S. Market Performance - The U.S. stock market saw gains, with the Dow Jones Industrial Average rising over 500 points, closing up 1.05% at 49,407.66 points [2] - The Nasdaq and S&P 500 also recorded increases of 0.56% and 0.54%, respectively [2] - Over 100 companies in the S&P 500 are set to report earnings this week, including major players like Amazon and Alphabet [2] Investment Opportunities - The report highlights the potential for long-term growth in sectors supported by the "self-reliance in technology" policy, particularly in AI applications, semiconductors, and industrial software [3] - The infrastructure and copper mining sectors, particularly China Railway (0390.HK), are noted for their recent performance, with a weekly increase of 11.0% before a slight pullback [3] - The report suggests continued focus on sectors benefiting from domestic consumption policies, including sports apparel and non-essential services [3] Key Company Insights - China Telecom (0763.HK) is recognized for its comprehensive product line and solutions in the telecommunications sector, despite a slight decline in revenue and net profit for 2024 [10] - The company maintains a high gross margin of 37.91% and is expected to leverage its advancements in computing power to sustain competitive advantages [10] - The projected net profits for 2025 and 2026 are 7.98 billion and 8.81 billion RMB, respectively, indicating a relatively low valuation compared to its earnings potential [10] Market Trends - The report emphasizes the importance of the low-altitude economy, with a guideline established for its standardization by 2027, which is expected to drive demand in this sector [9] - Companies like AVIC (2357.HK) and ZTE (0763.HK) are recommended for their potential in the low-altitude economy [9] - The report also notes the government's initiatives to boost consumer spending during the Spring Festival, which may benefit companies in the automotive and home appliance sectors [9]