责编：万健祎 现货黄金站上5500美元/盎司新高，国内足金饰品价格突破1700元/克。2026年以来，国际、国内 金价涨幅均超过15%，金价持续走高带动市场情绪升温，但热度背后，市场的一系列风险信号， 却在不断提醒着每一位投资者：追金有热度，更要防风险。 黄金走高并非偶然，全球避险需求升温、美元走势预判、各国央行持续购金，多重因素共同推动 金价上行。在普通投资者眼中，黄金历来是"硬通货"，不少人将其视作资产保值的选择，这也让 黄金投资从专业领域走向大众，甚至催生了部分线上黄金交易平台的非理性扩张。 与民间投资热形成鲜明对比的是，资本市场的理性警示已然到位。近日，多只黄金板块个股集中 发布风险提示公告。其中，中国黄金提示股价已显著偏离大盘，可能存在短期涨幅较大后的下跌 风险；四川黄金则明确警示金价波动、单一矿山经营等多重风险。 监管层的及时出手，更是为了防范市场过热带来的潜在风险。上海黄金交易所、上海期货交易所 即将上调黄金白银合约保证金与涨跌停板比例。这些举措看似是收紧了交易规则、强化了监管力 度，实是为了引导市场回归理性，保护投资者的合法权益。这既是对市场负责，也是对每一位投 资者负责。 对于普通投资者而言 ...

早 报 精 选 1、加快培育服务消费新增长点！国办印发工作方案。 2、i茅台就"抢购外挂"发布声明：已收集证据，保留追责权利。 3、中英双方在英国首相斯塔默访华期间达成一系列积极成果，其中，中方将威士忌酒进口关税税率由10%降至5%。 4、中国人民银行行长潘功胜1月28日会见了来访的高盛集团董事长兼首席执行官苏德巍。双方就全球经济金融形势、中国宏观经济 政策、中美经贸关系等议题进行了交流。 5、招金黄金、中国黄金、西部黄金发布公告提示风险。 宏 观 新 闻 1、 国务院办公厅日前印发《加快培育服务消费新增长点工作方案》，其中提到，研究稳妥扩大单方面免签、过境免签、区域性免签 政策适用范围。其中还提到，鼓励地方结合消化存量房地产等政策落实，支持旅居项目用地和服务设施建设。 2、商务部昨日举行例行新闻发布会。有记者提问称：美国贸易代表日前在达沃斯表示，在可能举行的中美领导人会晤之前，中美双 方有机会开启新一轮经贸谈判。新闻发言人何咏前表示，中方愿与美方共同维护好、落实好两国元首重要共识，用好中美经贸磋商机 制，管控分歧、推进合作，促进中美经贸关系稳定、健康、可持续发展。 5、外交部发言人郭嘉昆昨日主持例行记者会。 ...

有观点指出当前华尔街正大力推高黄金价格，其背后藏着美高层的深层考量。美高层计划降息，以刺激本土经 济，解决就业遇冷、企业动力不足的问题，但降息会削弱美元吸引力，热钱可能流出美元体系，一旦未来美经济 衰退，美元潮汐的收割玩法恐将失效，这会让美国陷入危机。为避免热钱流出美元体系，美高层希望引导资金进 入由美元主导的黄金市场，将黄金价格炒高后，黄金储备较少的国家财富会相对贬值。 如今这套玩法渐显乏力，不少国家悄悄推进去美元化，减持美债、增持黄金，盟友也在降低对美元的依赖，若降 息后热钱转而兑换其他货币，美国将面临巨大麻烦。 看透了本质，还有观点补充道，石油也是美国收割的一种方式，当下美国扬言对伊朗动手，但大概率打不起来， 无非是制造矛盾，以此推高金价和石油价格。 过去多年，美高层靠着美元潮汐收割全球，降息时向外输出美元推高资产价格，加息时抽回美元刺破别国资产泡 沫，多次引发地区经济危机。 ...

Group 1 - The core driving force behind the recent surge in gold prices is the escalation of geopolitical risks and macroeconomic policy expectations, particularly the ongoing US-Iran conflict which has heightened market demand for safe-haven assets like gold [2] - Gold prices have seen a remarkable increase, with a rise of over $500 in just four days, marking a 10% increase from just below $5000 to above $5600 [2][3] - The A-share and Hong Kong stock markets have reacted positively to the booming precious metals market, with multiple gold-related stocks experiencing significant gains, including China Gold and Sichuan Gold, which have seen consecutive trading limits [2] Group 2 - The Federal Reserve's recent decision to maintain interest rates in the 3.5-3.75% range has further fueled the gold bull market, with indications that there may be a potential for rate cuts if inflation trends downward [3] - Various exchanges and banks are implementing risk control measures in response to the rising volatility in the precious metals market, including adjustments to margin requirements and trading limits for silver and other precious metals [5][6] - Major banks, including Agricultural Bank of China and Industrial and Commercial Bank of China, have raised the entry thresholds for retail gold accounts and personal accumulation gold products, reflecting a cautious approach to managing investment risks [6]

证券代码：001337 证券简称：四川黄金 公告编号：2026-007 四川黄金股份有限公司2025年度业绩预告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 一、本期业绩预计情况 1、业绩预告期间：2025年1月1日一2025年12月31日。 2、业绩预告情况：同向上升。 ■ 二、与会计师事务所沟通情况 公司已就本次业绩预告相关事项与信永中和会计师事务所（特殊普通合伙）进行了预沟通，双方对业绩 预告不存在分歧。本次业绩预告的相关数据未经会计师事务所审计。 登录新浪财经APP 搜索【信披】查看更多考评等级 三、业绩变动原因说明 2025年度，公司继续保持稳健经营，预计归属于上市公司股东的净利润同比上升主要系金精矿销售量同 比有所增加及黄金价格上涨所致。 四、风险提示 本次业绩预告是公司初步估算结果，未经会计师事务所审计，具体财务数据以公司披露的2025年年度报 告为准。敬请广大投资者谨慎决策，注意投资风险。 四川黄金股份有限公司 董 事 会 二〇二五年一月三十日 证券代码：001337 证券简称：四川黄金 公告编号：2026-005 四川黄金股份有限公司 关 ...

监管层的及时出手，更是为了防范市场过热带来的潜在风险。上海黄金交易所、上海期货交易所即将上调黄金白 银合约保证金与涨跌停板比例。这些举措看似是收紧了交易规则、强化了监管力度，实是为了引导市场回归理 性，保护投资者的合法权益。这既是对市场负责，也是对每一位投资者负责。 对于普通投资者而言，面对火热的黄金市场，与其盲目追高，不如理性看待。尽管世界黄金协会29日发布的报告 预测强劲的黄金需求势头有望延续，但只是可能的市场趋势，并不代表投资无风险。黄金可作为资产配置选项， 但绝非"稳赚不赔"的神器，需摒弃"一夜暴富"心理，远离无资质平台，结合自身风险承受力理性决策。 金融市场的底线在于理性的风控。黄金价格的冲高，是全球经济金融形势的一面镜子，却不是投资者可以肆意冒 险的理由。唯有保持理性认知、树立风险意识，才能在潮起潮落中行稳致远。毕竟，真正的资产保值，从来都不 靠跟风追高，而是靠清醒判断和稳健选择。 证券时报记者 吴少龙 现货黄金站上5500美元/盎司新高，国内足金饰品价格突破1700元/克。2026年以来，国际、国内金价涨幅均超过 15%，金价持续走高带动市场情绪升温，但热度背后，市场的一系列风险信号，却在不断提 ...

Group 1 - The core message from China Gold Coin Group emphasizes the significant rise in precious metal raw material prices, urging collectors to invest rationally and manage risks [1] - The non-ferrous metal sector has shown volatility, with copper and precious metals leading the gains. Notable performances include Western Gold with four consecutive trading limits and China Gold with five consecutive trading limits [4] - The World Gold Council's report indicates that Chinese investors are expected to purchase a total of 432 tons of gold bars and coins in 2025, marking a 28% increase from 2024 and setting a new annual record [7] Group 2 - On January 29, international gold prices surged significantly, with spot and futures prices both exceeding $5,500 per ounce. Gold futures even surpassed $5,600 per ounce at one point [8] - Domestic gold jewelry prices have also risen sharply, reaching historical highs. Major brands reported prices for pure gold exceeding 1,700 RMB per gram, with increases ranging from 88 to 94 RMB per gram compared to the previous day [10] - Investment experts advise investors to approach gold price fluctuations with caution, emphasizing the importance of understanding risks and aligning investments with personal risk tolerance and long-term goals [12]

Core Insights - Ghana's total export revenue reached a historic high of $31.1 billion in 2025, a significant increase from $19.1 billion in 2024 [2] - The trade surplus expanded to a record $13.6 billion, driven by strong performance in gold and cocoa exports [2] Export Performance - Gold exports surged from $10.3 billion in 2023 to $20 billion in 2025 [2] - Cocoa exports doubled from $1.9 billion to $3.8 billion, despite a decline in international cocoa prices [2] - Oil exports decreased from $3.8 billion to $2.6 billion due to falling international oil prices [2] - Other categories contributed approximately $3.6 billion to total exports [2] Import Dynamics - Total import expenditure for 2025 was $17.4 billion, with oil imports rising from $4.6 billion in 2024 to $5.1 billion [2] - Non-oil imports increased from $10.7 billion to $12.3 billion during the same period [2] Economic Indicators - Ghana's international reserves reached a record $13.8 billion by the end of 2025 [2] - The current account balance exceeded $900 million, reflecting a robust economic position [2] - The total economic output of Ghana reached $1.4 trillion [2]

这股上涨浪潮并非毫无根基的空中楼阁。 背后是实实在在的业绩支撑。 截至1月底，A股黄金白银产业链中，已有7家上游上市公司发布了2025年全年的业 绩预告。 一个引人注目的现象是，这7家公司全部"预喜"，其中6家净利润预计大幅增长，1家成功实现扭亏为盈。 | | ◎ 排 容代码 | 名称 | 张唱 | 现价 | 张跌 | 换手 | 振幅 | 涨速 | 息金额 | 息而值 | 抗曲市值 | 总手 | 利女子 | 利空 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 881278 | 田树区官 | -0.68% | 7096.886 | -48.626 | 3.70% | 1.86% | -0.02% | 574.247 | 1.737 17 | 1.55 / 1.55 | 41797 | 九 | 元 | | 2 | 002560 | 迪达股份 | -3.11% | 10.59 | -0.34 | 7.76% | 3.39% | -0.09% | 3.747. | 55 ...

Core Viewpoint - The significant rise in international gold prices, which once exceeded $5,600, has led to substantial stock price increases for gold-related companies, prompting them to issue risk warnings to investors [1][2]. Group 1: Risk Warnings from Gold Companies - China Gold issued a risk warning stating that the company does not possess exploration or mining rights, urging consumers to make rational investment decisions [1]. - Sichuan Gold, a company with mining rights, highlighted three main risks: fluctuations in gold prices, reliance on a single mine and its resource reserves, and risks related to safety and rising production costs [2]. - The risk factors differ among gold companies, with those owning mines generally benefiting more from rising gold prices [1][2]. Group 2: Market Dynamics and Investor Behavior - The surge in gold and silver prices has exceeded many investors' expectations, leading to high implied volatility in gold and silver options, indicating anticipated future price fluctuations [2]. - Investors are advised to think rationally and not be swayed by market speculation, emphasizing the importance of understanding the fundamentals of the companies before making investment decisions [3]. - The current gold price increase presents opportunities for investors but also comes with risks, necessitating a clear distinction between different types of risks [3].