2026年1月6日，黄金市场呈现出复杂多变的态势，不同来源的数据显示金价走势出现分化。一方面，部分数据显示金价上涨，国内黄金（99.95%）最新报 价为1001.6元/克，上涨0.93%，国际黄金价格报4450.7美元/盎司，下跌0.02%；而另一方面，也有数据表明国际COMEX黄金报价2637.6美元/盎司，短时间内 跌了近30美元/盎司，国内基础金价同步调整，融通金足金999参考价987元/克，黄金回收价稳定在960元/克上下。这种分化的走势反映了当前黄金市场受到 多种因素的综合影响。 全球央行月均购金70吨，中国1月再度增持23吨黄金，实物买盘为金价提供长期支撑。美国银行等机构上调2026年金价预期至4538美元/盎司，认为黄金将作 为核心对冲工具受益于宽松周期。不过摩根大通提醒1月8日彭博商品指数再平衡，或引发38亿美元白银和47亿美元黄金抛售，短期存在波动风险。 地缘政治冲突加剧避险需求 1月3日美军突袭委内瑞拉 控制马杜罗夫妇，特朗普称不排除二次打击，引发全球地缘政治不确定性升级。委内瑞拉不仅原油储量全球第一，黄金潜在储量 也超3500吨，2024年产量31吨，本身就是贵金属重要产区，局势的动荡直 ...

2026年01月02日， 银行的金条价格相对稳定，建行的龙鼎金条每克1027.5元，工行的如意金条稍微贵一点，最离谱的是浦发银行，金条卖到了1062.5元一克，这价格都能买两 克便利店的关东煮了。 深圳水贝市场的足金999卖到1129元一克，999.99纯度的也只多两块钱，古法金和5G黄金涨到了1130元，铂金只要466元，让人想起去年打折的黄金月饼。 国际金价在4300美元附近徘徊，专家说这可能是板块级别的涨势，能持续三年，央行这两年一直在买黄金，给价格托底，美联储可能低估了通胀的影响，黄 金依然是大家避险的首选。 现在5000美元这个关口像块烫手山芋，金价一涨就波动很大，这波行情能持续多久，还得看明年大家口袋里还有多少钱能继续买金，我这个月工资刚够买半 克，只能看着价格线发呆。 金价又跌了，伦敦金今天直接跌破4300美元，国内金店的价格也跟着往下掉，周大福的金饰每克才1357元，老凤祥要1360元，这点差价让打工人都有点摸不 着头脑。 水贝金店报1126元一克，周边的小牌子价格更低，六福、周生生这些连锁店也在降价，有的降了10块，有的只降6块，菜百和周六福却坚持不降价，依然保 持在1345到1348元之间 ...

2025年最后一个交易日，美股市场未能取得"圆满收官"，三大指数悉数收跌。截至收盘，道指跌0.63%，报48063.29点；纳指0.76%，报23241.99点；标普 500指数跌0.74%，报6845.50点。 而从全年维度来看，美股市场已连续三年录得超两位数涨幅，纳指2025年累涨20.36%；标普500指数2025年累涨16.39%；道指2025年累涨12.98%。此外， 纳斯达克中国金龙指数2025全年累涨11.33%。 花旗集团美国股票策略主管斯科特·克罗内特认为，当前市场正处于"繁荣期"而非"泡沫期"。展望新的一年，他基于强劲的盈利预期和即将出现的行业板 块扩散态势，对市场前景保持乐观。 银价格大幅回撤 隔夜，黄金、白银价格又一次跳水。纽约期金跌超1%，伦敦现货白银盘中跌超8%，从最高76美元/盎司左右一路跌至70美元/盎司附近。COMEX白银期价 大跌近9%，最低价格一度跌破70美元/盎司关口。 伦敦银现 Q < w SPTAGUSDOZ.IDC 0.000 昨结 71.577 0 0.000 0 0.00% 开盘 现手 0.000 最高价 0.000 持 仓 0 外 盘 0 最低价 0.000 ...

天眼查App显示，近日，广州墨天金属有限公司成立，注册资本10万人民币，经营范围为金银制品销售; 金属材料销售;金属材料制造;贵金属冶炼;珠宝首饰制造;工艺美术品及礼仪用品销售（象牙及其制品除 外）;珠宝首饰零售;珠宝首饰批发;珠宝首饰回收修理服务;互联网销售（除销售需要许可的商品）;炼 油、化工生产专用设备制造;日用化工专用设备制造;生物化工产品技术研发;电子产品销售;超材料销售; 超导材料销售;建筑装饰材料销售;涂料销售（不含危险化学品）;合成材料销售;有色金属合金销售;金属 链条及其他金属制品销售;化工产品销售（不含许可类化工产品）;电线、电缆经营;技术服务、技术开 发、技术咨询、技术交流、技术转让、技术推广。 ...

"哎，你昨天去金店看价格了吗？听说黄金又涨了一点。"朋友这句话说得挺有意思，其实最近黄金价格一直在微调，但整体趋势还是挺稳的。无论是回收还 是销售，市场上都有自己的一套逻辑，而背后的走势也和国际局势、美元表现紧密相关。11月29日的黄金行情，再次给大家提供了参考。 国内黄金价格回收与销售：稳中带韧性今天国内黄金大盘回收价稳定在944.76元一克，销售价报946.76元。可以看到，差价不大，说明市场流动性比较健 康。受美联储降息预期增强的影响，沪金主力合约交易在946元附近，这让黄金的避险需求支撑了价格的韧性。白银、铂金、钯金也都跟涨，回收价分别为 12.081元、367元和325.4元。工业金属需求回暖，直接带动贵金属的联动上涨，这意味着不仅是黄金，其他金属品种也有投资参考价值。 金店金饰价格：头部品牌略高，批发价性价比突出周大福、周生生、老凤祥等品牌金饰价格在1321-1328元每克，比上月上涨了六十元左右，而水贝黄金批 发价仅1102元每克，价差超过200元。轻克重产品（10克以内）销量提升至45%，反映出消费者更倾向于小件、易携带、性价比高的产品。简单来说，如果 你买来佩戴或送人，头部品牌有品牌溢价和设 ...

天眼查App显示，近日，深圳市佐亿宝石有限公司成立，法定代表人为周云红，注册资本100万人民 币，经营范围为一般经营项目是：珠宝首饰零售；珠宝首饰批发；互联网销售（除销售需要许可的商 品）；非金属矿及制品销售；货物进出口；技术进出口；技术服务、技术开发、技术咨询、技术交流、 技术转让、技术推广；电子产品销售；日用百货销售；办公用品销售。（除依法须经批准的项目外，凭 营业执照依法自主开展经营活动），许可经营项目是：无。 ...

Group 1: Gold Jewelry Price Increase - Multiple domestic gold jewelry brands have raised their gold jewelry prices, with Chow Sang Sang and Lao Feng Xiang both quoting 1315 CNY per gram, while Chow Tai Fook quoted 1312 CNY per gram [1] Group 2: Fund Risk Level Adjustment - China Construction Bank has announced an increase in the risk levels of 87 public fund products, with 32 products moving from "medium-low risk" to "medium risk" and 55 products from "medium risk" to "medium-high risk" [1] Group 3: Charging Battery Regulations - The new national standard for mobile power supplies is expected to increase industry costs by 20%-30%, primarily due to higher quality battery procurement and hardware upgrades [2] - The overall GPU shipments for data centers surged by 145% quarter-on-quarter in Q3, while PC GPU shipments saw a modest increase of 2.5% quarter-on-quarter and 4% year-on-year [2] Group 4: Nvidia Short Selling - Notable short-seller Michael Burry has reiterated his bearish stance on Nvidia, labeling the current AI hype as a "magnificent absurdity" and suggesting that Nvidia is a key indicator of a potential bubble in the AI sector [4] Group 5: Novartis China Team Restructuring - Novartis has announced a change in its operational model for county-level business in China, stating that it will continue to support county-level healthcare despite the restructuring [5] Group 6: Vanke Bond Performance - Vanke's 2027 dollar bond has experienced a record drop, with a decrease of 12 cents to 43.5 cents per dollar, marking the largest single-day decline since its issuance in 2017 [6] Group 7: Regulatory Actions - Hengbang Co. received an administrative regulatory decision from the Shandong Securities Regulatory Bureau due to non-compliance with independent director replacement rules [7] - Coris received a regulatory decision from the Guangdong Securities Regulatory Bureau for violations related to accounts receivable, related party transactions, and insider information management [11] Group 8: Stock Market Performance - The ChiNext Index saw a nearly 2% rebound, with significant trading volume and numerous stocks hitting the daily limit up, particularly in AI application and computing hardware sectors [17]

Core Insights - The new tax regulations on gold have led to significant price changes in the gold jewelry market, with an average increase of approximately 60 CNY per gram for gold jewelry, while gold bar prices have varied [1][2][6] - The new regulations are expected to reshape the gold industry chain, shortening the gold bar supply chain and reducing opportunities for illegal tax arbitrage [1][19][22] Price Changes - Gold jewelry prices have increased by about 60 CNY per gram post-regulation, with consumers showing a more cautious buying attitude [2][4] - Gold bar prices have shown a mixed response, with non-member gold stores reporting an average increase of around 60 CNY per gram, while member stores like China Gold and Cai Bai have maintained relatively stable prices [6][11][7] Sales Channel Dynamics - Direct sales brands have an advantage in gold bar pricing, with some brands like Chow Tai Fook experiencing significant price hikes due to their reliance on franchise models [7][9] - Most bank channels have not seen significant price increases for gold bars, as they continue to benefit from previous tax incentives, potentially leading to increased gold bar sales as consumers seek to avoid higher jewelry prices [11][12] Industry Chain Restructuring - The new regulations are likely to shorten the gold bar industry chain, encouraging transactions to shift from off-market to on-market [19][22] - The regulations aim to reduce opportunities for fraudulent invoicing and tax evasion, thereby tightening compliance within the industry [19][21] Future Trends - The increase in costs due to the new tax structure may push the gold jewelry industry to focus more on craftsmanship and design innovation rather than price competition [22][23] - The market may see a shift towards a "buy gold bars and convert to jewelry" model as consumers look to mitigate the tax burden associated with direct jewelry purchases [11][12]

Price Trends - Domestic gold jewelry prices have experienced a three-day decline starting from the 14th, with Lao Miao gold jewelry priced at 1289 yuan/gram, down 36 yuan/gram from the 13th; Lao Feng Xiang gold jewelry at 1293 yuan/gram, down 32 yuan/gram; and Chow Tai Fook and Chow Sang Sang both at 1305 yuan/gram, down 28 yuan and 23 yuan respectively from their high points on the 14th [2][3] Bank Adjustments - Several banks, including China CITIC Bank and China Construction Bank, have raised the minimum investment amount for gold accumulation products, with CITIC Bank increasing the minimum from 1000 yuan to 1500 yuan effective November 15, 2025 [3][4] - Some banks have shifted their gold accumulation model from fixed amounts to variable amounts based on gold price fluctuations [5] Market Analysis - International gold prices have shown significant pullbacks after reaching recent highs, attributed to the temporary easing of U.S. government shutdown risks and a decrease in safe-haven demand [5] - Analysts suggest that macroeconomic and geopolitical factors affecting gold prices remain complex, with ongoing U.S. fiscal deficits and high geopolitical risks in regions like the Middle East [5] - Despite short-term volatility, many institutions maintain a long-term bullish outlook on gold, with UBS strategists predicting gold could reach 5000 USD/ounce between 2026 and 2027 [5] Future Scenarios - Citigroup has outlined multiple scenarios for gold prices, including a bullish scenario where gold could reach 6000 USD/ounce by the end of 2027 if there is a significant reallocation of global wealth [6] - Citigroup's base case anticipates a price drop to 3650 USD/ounce in 2026 due to an improving U.S. economic environment, while a bearish scenario could see prices fall to around 3000 USD/ounce if geopolitical tensions and fiscal concerns ease significantly [6]

Core Insights - On November 13, 2025, global financial markets focused on precious metals, with international spot gold prices experiencing notable fluctuations, reaching $4,129.2 per ounce [1] - The domestic gold market also showed complex dynamics, with real-time prices providing investors with immediate market references [2] Domestic Precious Metals Market - The domestic gold price was reported at 946.3 RMB per gram, while silver, platinum, and palladium prices were 11.6 RMB, 365.7 RMB, and 332.6 RMB per gram respectively [2] - Various jewelry brands offered different retail prices for gold, with notable examples including Chow Tai Fook at 1,313 RMB per gram for gold jewelry and 642 RMB for platinum [5] Gold Price Trends - The Shanghai Gold Exchange reported a gold price of 942.19 RMB per gram, down 4.31 RMB from the previous trading day, reflecting a decline of 0.455% [6] - The price fluctuated during the day, reaching a high of 949.22 RMB and a low of 938.16 RMB [6] Financial Institutions' Gold Bar Pricing - Different financial institutions offered varying prices for their gold bars, with prices ranging from 936.1 RMB to 976 RMB per gram [7] - For instance, the Agricultural Bank's gold bar was priced at 945.2 RMB per gram, while the higher-priced option from Qianjiaxin was 1,072 RMB per gram [7] Investment Logic Behind Gold Price Movements - Recent adjustments in international gold prices followed a significant prior increase, with London spot gold prices dipping below $4,000 per ounce [8] - Factors influencing this trend included a strengthening dollar, high interest rates, and a shift in global investor risk appetite [8][9] Dollar and Interest Rate Impact - A strong dollar typically pressures gold prices, while a weak dollar supports them; recent Federal Reserve actions have contributed to a stronger dollar [9] - High yields on 10-year U.S. Treasury bonds, currently above 4.1%, have led investors to reassess the opportunity cost of holding gold [9] Evolving Investor Sentiment - The allure of gold as a safe-haven asset has diminished as geopolitical and financial risks have eased, prompting a shift of funds towards equities, bonds, and cryptocurrencies [10] - The adjustment in gold prices reflects a rebalancing of market investment logic rather than panic selling or a decline in gold's intrinsic value [10]