Core Insights - Ghana's trade surplus reached $8.5 billion by October 2025, accounting for 9.7% of its GDP [1] - The strong trade surplus is primarily driven by robust gold export revenues, with gold exports totaling $15.2 billion in the first ten months of 2025 [1] - The international gold price remained high throughout the year, surpassing $4,000 per ounce in October, significantly boosting Ghana's export income [1] Trade Performance - In the first half of 2025, Ghana's trade surplus increased by 307% year-on-year, reaching $5.57 billion [1] - Total exports for Ghana amounted to $23.3 billion, with gold exports being the largest contributor, followed by cocoa exports of $2.8 billion and crude oil exports of $2.2 billion [1] - Other export products, including non-traditional goods, totaled $3 billion [1] Import Dynamics - Ghana's total imports reached $14.8 billion, primarily driven by petroleum products and non-petroleum goods [1] - The growth rate of imports was lower than that of exports, contributing to the expansion of the trade surplus [1] - The Bank of Ghana reported that strong trade performance supports external buffers, with international reserves exceeding $11 billion, sufficient to cover approximately 4.8 months of imports [1] Future Outlook - The Bank of Ghana anticipates that the positive trend in trade will continue as long as global gold prices remain high and domestic gold production stays elevated [1]

紫金矿业1月6日大宗交易平台共发生2笔成交，合计成交量31.81万股，成交金额1196.06万元。成交价格 均为37.60元。 进一步统计，近3个月内该股累计发生17笔大宗交易，合计成交金额为14.42亿元。 证券时报·数据宝统计显示，紫金矿业今日收盘价为37.60元，上涨6.21%，日换手率为1.73%，成交额为 131.92亿元，全天主力资金净流入10.29亿元，近5日该股累计上涨12.14%，近5日资金合计净流入14.20 亿元。 两融数据显示，该股最新融资余额为84.18亿元，近5日增加7.87亿元，增幅为10.31%。（数据宝） 1月6日紫金矿业大宗交易一览 | 成交量 （万 | 成交金额 | 成交价 | 相对当日收盘 | 买方营业部 | 卖方营业部 | | --- | --- | --- | --- | --- | --- | | | （万元） | 格 | 折溢价（%） | | | | 股） | | （元） | | | | | 18.81 | 707.26 | 37.60 | 0.00 | 中国国际金融股份有限公司北 | 平安证券股份有限公司 | | | | | | 京建国门外大街证券营业部 | ...

Core Viewpoint - The Hong Kong stock market is experiencing a peak in earnings forecasts for the fiscal year ending December 31, 2025, with significant growth expected in the non-ferrous metals and innovative pharmaceutical sectors due to rising commodity prices and increased demand for biopharmaceutical research [1][2]. Non-Ferrous Metals Industry - The non-ferrous metals industry is projected to be a major contributor to profits in the Hong Kong stock market for 2025, benefiting from rising global commodity prices and optimized production capacity [4]. - Zijin Mining Group expects a net profit of approximately 51 billion to 52 billion yuan for 2025, representing a year-on-year increase of about 59% to 62% [4]. - The increase in Zijin Mining's profits is attributed to higher production volumes and sales prices of gold, copper, and silver [5]. - Zijin Gold International anticipates a net profit of about 1.5 billion to 1.6 billion USD for 2025, an increase of approximately 212% to 233% compared to the previous year, driven by increased gold production and favorable market conditions [6]. - Chifeng Jilong Gold Mining expects a net profit of 3 billion to 3.2 billion yuan for 2025, reflecting a year-on-year increase of about 70% to 81%, primarily due to higher gold production and sales prices [6]. Innovative Pharmaceuticals and Smart Driving - The innovative pharmaceutical sector is also expected to see significant profit growth, with companies like Baiaosaitu forecasting a net profit of 135 million yuan for 2025, a year-on-year increase of 303.57% [9]. - The growth in Baiaosaitu's profits is attributed to successful expansion in overseas markets and the increasing demand for biopharmaceutical research in China [10]. - Hesai Technology projects revenues of 3 billion to 3.5 billion yuan for 2025, with a significant increase in lidar shipments expected to reach 1.2 million to 1.5 million units, representing a year-on-year growth of 139% to 200% [11]. Traditional Industries Facing Challenges - In contrast to the growth in non-ferrous metals and innovative sectors, some traditional industries are experiencing cyclical pressures, with companies like CITIC Resources forecasting a net profit decline of 60% to 70% for 2025 due to falling oil prices and rising raw material costs [14]. - CITIC Resources expects a net profit of approximately 170 million to 230 million HKD, significantly impacted by the decrease in average selling prices of crude oil and the loss of profits from joint ventures [14]. - New Mine Resources anticipates a net loss of approximately 2.2 million USD for 2025, primarily due to reduced iron ore supply and weak demand [14].

转自：三门峡发布 市场避险需求推动5日国际金价、银价大涨 主办：中共三门峡市委 三门峡市人民政府 贵金属方面，受市场避险需求推动，国际金价和银价周一大幅上涨。其中，纽商所2月交割的黄金期货 价格报收于每盎司4451.50美元，较前一个交易日上涨2.82%。3月交割的白银期货价格报收于每盎司 76.657美元，较前一个交易日上涨7.94%。 运行：中共三门峡市委宣传部 中共三门峡市委网信办 受地缘政治动荡影响 5日国际油价上涨 原油市场方面，国际油价周一上涨，纽约商品交易所2月交货的轻质原油期货价格报收每桶58.32美元， 涨幅为1.74%；3月交货的伦敦布伦特原油期货价格报收每桶61.76美元，涨幅为1.66%。油价上涨的主要 原因是美国对委内瑞拉实施军事打击，给石油储量丰富的委内瑞拉带来了深度不确定性。美国能源信息 局的数据显示，作为欧佩克创始成员国，委内瑞拉拥有全球最大的已探明原油储量，达3030亿桶，约占 全球总量的17%。 来源：央视财经 声明：本号原创文章谢绝媒体转载。如经授权转载，请于文章开头注明"来源：三门峡发布微信公众 号"。 ...

Core Viewpoint - The current rise in gold prices is driven by ongoing geopolitical risks and expectations of economic slowdown prompting interest rate cuts, creating a dual support for gold as a safe-haven asset [2][3]. Group 1: Market Conditions - The US dollar index has retreated from high levels, trading around 98.314, while gold prices are at $4461.06 per ounce, reflecting a 0.29% increase, with a high of $4475.46 and a low of $4426.09 [1]. - Geopolitical tensions, particularly the US military actions against Venezuela, have heightened risk aversion, leading to increased investment in gold and other safe-haven assets [2]. - Weak US ISM manufacturing PMI data for December has reinforced market expectations for an early interest rate cut by the Federal Reserve, which has pressured the dollar and supported gold prices [2]. Group 2: Future Outlook - The current upward trend in gold prices is based on the assumptions of sustained geopolitical risks and economic slowdown necessitating rate cuts, indicating a fragile foundation for this rise [3]. - The market is entering a critical verification period where the sustainability of the trend will depend on upcoming economic data supporting the narrative of monetary easing [3]. Group 3: Technical Analysis - The recent surge in gold prices is attributed to heightened risk aversion following the arrest of Venezuela's president, which has provided strong upward momentum for gold [4]. - Technical indicators show that gold prices are currently above the middle band of the Bollinger Bands, with a clear bullish arrangement in the moving averages [5]. - Key support levels for gold are identified at $4400, while resistance is seen at $4480, with the market currently fluctuating between $4420 and $4460 [6].

Group 1 - The core viewpoint of the article is that the recent surge in gold prices is not merely a reaction to panic but rather a collective vote for "certainty" amidst rising geopolitical tensions [1][4] - The market is currently re-evaluating the pricing of "uncertainty," with assets being moved to the most reliable forms of currency, such as gold, as geopolitical conflicts escalate [4][5] - Gold is viewed as a hard currency that does not rely on credit, policy, or political stance, making it a preferred choice when violence overshadows negotiations [4][6] Group 2 - Silver is highlighted as both a safe-haven asset and one that is closely tied to industrial and renewable energy demand, reflecting a dual strategy of risk hedging and long-term investment [4][6] - The significant rise in silver prices indicates that the market is simultaneously hedging against risks while betting on future demand [4][7] - The key variable for 2026 is expected to be the ongoing geopolitical uncertainty rather than interest rate cuts, suggesting that gold will remain a focal point for investors seeking stability [5][6]

昨日1月5日（星期一），黄金早盘高开延续上涨，到欧盘上涨至4440附近承压回落，美盘初下跌至4396企稳继续上涨，最高上涨4456附近，尾盘维持在高位 横盘震荡，日线收出一根阳线。 一、基本面 1、核心事件：美国突袭委内瑞拉引发地缘政治风暴 2026年1月3日，美国特种部队突袭委内瑞拉，逮捕总统马杜罗及其妻子，随后于1月5日将其押解至纽约联邦法院，面临毒品恐怖主义、可卡因进口共谋等重 罪指控；特朗普称行动旨在打击贩毒网络、开放委国石油资源，还警告不配合将扩大打击范围。 2025年黄金已因地缘热点与美联储宽松周期上涨64%；2026年市场普遍预计美联储至少降息两次，降低黄金持有机会成本，叠加美元指数回落、美国制造业 数据低迷强化宽松逻辑，且央行持续购金、ETF资金流入构筑长期支撑。 3、今日关注 21:00，2027年FOMC票委、里奇蒙联储主席巴尔金发表讲话；22:45，美国12月标普全球服务业PMI终值；待定，"科技春晚"2026年消费电子展（CES）将于 1月6-9日在拉斯维加斯举行。 二、技术面 1、日线级别：黄金上周一大幅下挫收阴后，后半周维持在4400下方震荡。受周末地缘政治因素提振，金价于周一强势 ...

中国商报（记者 王彤旭 文/图）近期，黄金屡上热搜。2026年1月6日，周生生上调部分定价类金饰价格。据悉，周生生此次涨价幅度在200元 至1500元/款。 在刚刚过去的2025年，黄金成为全球金融市场最耀眼的"明星"，上演了一场波澜壮阔的牛市行情。2026年，黄金走势如何？业内人士认为， 从国际金价屡破历史纪录，到A股黄金股集体走强；从各国央行持续增持，到国内消费市场结构重塑，黄金市场在多重因素共振下迎来历史 性突破。 全面开花的牛市行情 回顾2025年，国际黄金价格迎来史诗级上涨，创下自1979年石油危机以来的最大年度涨幅。 截至2025年年末，伦敦现货黄金报4373.499美元/盎司，全年累计涨幅达67%，其间超50次刷新历史新高，一度逼近4600美元/盎司关口。从关 键节点来看，金价3月14日历史性突破3000美元/盎司，4月快速攀升至3500美元/盎司上方，年中经历短暂回调后，9月开启新一轮强势上涨， 10月8日突破4000美元/盎司整数关口，12月下旬站稳4500美元/盎司平台，上涨势头贯穿全年。 伴随着金价走强，其他贵金属同步走高，国际白银期价年内上涨约150%，一度突破80美元/盎司，铂金期货 ...

我在里面提醒过大家，上证指数的日K线图已经8连阳了（今天已经是12连阳）。自从那个男人出手护盘后，市场就触底不断往上走。而今天，2026年第一 个交易日，上证指数重回4000点，沪深两市成交额突破2.5万亿大关，资金跑步进场。稍早之前，杠杆资金悄然入场埋伏，沪深两市融资余额同样突破2.5万 亿大关创下历史新高。险资提高股权投资占比，融资余额不断创新高，指数基金规模大幅膨胀。那么问题来了，现在到底还有谁还没入场呢？ 数据来源：Wind 也可能都已经入场了。 今年元旦，保险公司个险新单普遍实现50%-60%的增长，大超预期。平安、太保、国寿、新华四大险企更是实现了60%以上的增长，股价也都纷纷创新高。 我问Gemini AI，为什么今年保险卖得这么好？Gemini告诉我： ①银行存款利率持续下行，定期存款利率普遍进入"1字头"，保险承接了大量寻求资产保值增值的低风险偏好资金。 ②保险公司主打产品从传统的"增额终身寿险"全面转为"分红险"。分红险采用"较低的保证利率（2%左右）+不确定的浮动分红"收益结构。低利率环境下， 可以有个兜底收益。同时未来投资环境好转，也能享受向上的收益弹性，很是能吸引居民购买。 ③银行自 ...

格隆汇1月6日｜高盛发表中国商品报告，预期今年中国大宗商品需求将进入较稳定阶段，年增率大多介 于负1.3%至正2%之间，并从去年下半年起逐季缓步回升。下游需求面临减速压力，主要因为以旧换新 刺激政策转变产品焦点，但房地产行业影响及关税不确定性带来的风险亦已减轻。对大多数大宗商品而 言，供需平衡基本面稳健，宏观环境看来有利。但鉴于去年现货价格强劲及相关股份表现优异，预期供 应前景边际变化，将决定未来价格与利润率方向，并将由供应纪律与应对、反内卷及与并购及资产注入 三大关键主题主导。在个别商品方面，对水泥和煤炭看法逐步转向更乐观，对钢铁和铝则更趋审慎，并 维持对铜和黄金的正面看法，以及对锂和纸类包装的审慎立场。 ...