（声明：文章内容仅供参考，不构成投资建议。投资者据此操作，风险自担。） 消息面上，国际金价今日止跌回升，现货黄金重回4000美元/盎司上方，截至15时28分突破4080美元/盎 司，日内涨幅超0.5%。国内品牌金饰价格亦同步上调，结束四连跌。 中金公司发布2026年展望称，从历史比较角度看，本轮黄金牛市可能尚未结束。其依据在于，本轮黄金 牛市的涨幅与持续时间仍低于20世纪70年代和2000年前后两轮主要上涨周期。进一步考虑到当前宏观不 确定性、全球储备结构调整的长期性以及美元周期潜在下行，因此中金认为黄金牛市尚未进入尾声。 0:00 11月19日，A股市场窄幅震荡，沪指、创业板指均收红。板块上，黄金概念股涨幅居前，深中华A涨 停，中金黄金、晓程科技、赤峰黄金、山东黄金、四川黄金等涨超5%，湖南黄金、国城矿业、湖南白 银等跟涨。 ...

更扎心的是回购价。拿周大福今日金价举例，销售价1198元/克，回购价却只能按国际金价916元/克算。这意味着一入手就先亏282元/克，相当于直接打了76 折！难怪水贝市场的批发商都说："懂行的现在都买金条打首饰，谁还交这智商税？" 三、波动中的机会捕捉 金价猛跌！今天一早打开手机，金价直接跌破920元/克，投资金条和品牌首饰差价竟能高达268元！这哪是买黄金，分明是买品牌溢价啊！ 一、金价波动背后的经济信号 今天凌晨的国际市场简直像坐过山车。现货黄金最高冲到4046美元，结果收盘时跌回3972美元，跌幅0.53%。这事儿得联系美联储最新动向——美元指数连 续三天走高，直接把黄金按在地上摩擦。要知道，现在全球资本都在找避风港，可黄金这么一跌，明显是机构投资者在套现应对流动性压力。 国内金商反应更快，水贝市场一开盘就挂出932元/克的牌子，比上周直接降了15元。有经验的买家都知道，这会儿该盯着投资金条（935元/克）和品牌首饰 的价差——周六福卖1135元，周生生却要1203元，同样999足金，每克差价够吃两顿火锅！ 江苏省城市足球联赛 走进商场金店，导购员张口就是"传承工艺""百年品牌"。但仔细对比数据：菜百首 ...

受到国际金价止跌影响，31日，周生生金饰克价为1203元，较前一日涨28元/克；老凤祥足金克价1200元，较前一 日上涨17元/克。 黄金价格10月坐"过山车" 10月31日下午，COMEX黄金期货翻红，截至发稿时，报4022.6美元/盎司，涨0.16%。虽然黄金现货此时仍微跌， 但守住了4000美元关口。受连日来，国际金价在高位区间持续波动影响，国内品牌黄金克价也持续波动。北京青 年报记者注意到，10月31日，部分品牌金饰克价重新站上了1200元。 国际金价止跌 10月31日，现货黄金一度跌破4000美元/盎司，随后跌幅有所缩小，截至发稿时，现货黄金重新回到4000美元上 方，报4006.46%，跌0.45%。 万得数据显示，当地时间10月30日收盘，COMEX黄金期货价格上涨2.45%，报4038.3美元/盎司，结束了连续四个 交易日下跌的态势。 今年以来，黄金从每盎司3300美元附近一路飙升至10月20日4381.21美元的历史高位，随后又暴跌至低于3900美 元。仅在10月，金价犹如坐上"过山车"。 其中，10月30日，世界黄金协会发布的2025年三季度《全球黄金需求趋势报告》（以下简称《报告》）显示 ...

Core Viewpoint - The international gold price has surged significantly, with New York futures gold surpassing $4000 per ounce for the first time, reflecting a year-to-date increase of over 50% [1][4] Gold Market Performance - During the National Day and Mid-Autumn Festival holiday, gold consumption saw a spike, particularly in Shenzhen's Shui Bei market, where gold jewelry prices rose from approximately 796 yuan per gram in early September to 926 yuan per gram by October 8 [1][2] - The price of gold jewelry has exceeded 1160 yuan per gram for most brands, with "one-price" products being particularly popular during the holiday [2] Consumer Behavior - Many consumers expressed regret for not purchasing gold earlier, as prices increased by 38 yuan per gram over the holiday [2] - Despite high prices, consumer demand remains strong, especially for wedding jewelry, which is considered a necessity [1][2] Investment Trends - There has been a notable increase in inquiries about accumulation gold products at banks, which are perceived as more stable compared to gold futures [2] - The price difference between gold jewelry sales and buyback prices has widened, indicating a cautious market sentiment [2] Market Strategies - Merchants are adopting risk management strategies, such as maintaining inventory levels based on sales rather than increasing stock [3] - Analysts attribute the rise in gold prices to strong inflows into exchange-traded funds (ETFs), ongoing purchases by central banks, and geopolitical risks [3][4] Economic Factors - The recent surge in gold prices is influenced by multiple factors, including expectations of U.S. Federal Reserve interest rate cuts, a weaker dollar, and increased global central bank gold purchases [4] - Long-term trends suggest that gold remains a valuable asset for hedging against inflation and geopolitical risks, with predictions of gold prices reaching $4900 per ounce by the end of 2026 [3][4]

Core Viewpoint - The recent surge in international gold prices, surpassing $3,790 per ounce, is driven by three key factors: expectations of Federal Reserve interest rate cuts, escalating geopolitical conflicts, and weakening dollar credibility [1][3][4]. Group 1: Factors Driving Gold Prices - **Federal Reserve Rate Cut Expectations**: Since August 2025, U.S. inflation data has eased, leading to a market expectation of over 90% for a rate cut in September. Historically, gold performs strongly during rate cut cycles. Concerns over potential manipulation of Fed policies have also led to a loss of confidence in the dollar, driving funds towards gold as a safe haven [4]. - **Geopolitical Conflicts**: The ongoing Russia-Ukraine conflict and heightened tensions in the Middle East, along with uncertainties surrounding U.S. election policies, have directly contributed to the rise in gold prices [5]. - **Weakening Dollar Credibility**: The U.S. national debt has exceeded $37 trillion, significantly surpassing market expectations. Central banks globally are increasing their gold reserves, with China's central bank having added gold for ten consecutive months, marking a shift where gold's share in reserves has surpassed that of the euro [7]. Group 2: Investment Options for Individuals - **Gold ETFs**: These have low entry barriers and high liquidity, such as the Huaan Gold ETF (code 518880), which is directly linked to the Shanghai Gold Exchange's AU99.99 spot contracts. The advantages include a minimum investment of 1 gram and low transaction fees of 0.04%, with T+0 trading support. However, short-term price fluctuations can be influenced by market sentiment [10]. - **Physical Gold**: Suitable for long-term holding, options include bank gold bars, gold accumulation plans, and branded gold jewelry. It's important to note that jewelry often carries a high premium (approximately 15% processing fee), and recovery may involve discounts. Accumulation gold is recommended for dollar-cost averaging [12]. - **Gold Stocks**: These offer high volatility and potential for significant returns, represented by companies like Western Gold and Huayu Mining. However, they are subject to broader market performance and company-specific factors, leading to greater price fluctuations compared to gold itself [14]. Group 3: Investment Strategy Recommendations - **Avoiding High Prices**: Current gold prices are at historical highs, and short-term corrections may occur due to Federal Reserve policy changes or easing geopolitical tensions. For instance, gold prices fell from $3,500 to $3,120 in April 2024, a decline of 11% [17]. - **Gradual Investment**: Implementing a dollar-cost averaging strategy through regular investments in gold ETFs or accumulation gold can help smooth out purchase costs, such as investing $500 monthly [18]. - **Dynamic Adjustments**: If gold prices exceed $4,000, partial profit-taking may be advisable while maintaining a core position. It is recommended to limit gold allocation to 5%-10% of total household assets rather than making concentrated bets [19].

Core Points - Gold prices have reached a new high, with spot gold surpassing $3720 per ounce, peaking at $3728.4 per ounce on September 22 [2][3] - Silver prices have also increased, reaching nearly $43.8 per ounce, marking a 14-year high [3][4] - The Federal Reserve's recent interest rate cut has lowered the opportunity cost of holding non-yielding gold, contributing to the bullish trend in gold prices [5] Market Dynamics - Investor demand has overtaken central bank purchases as the main driver of gold price increases, with projections suggesting an average spot gold price of $3800 per ounce by Q4 2025 and a potential breach of $4000 per ounce in Q1 2026 [6] - Major financial institutions like Goldman Sachs have raised their long-term gold price forecasts, with expectations of $3300 per ounce beyond 2029 and maintaining a target of $3700 per ounce by the end of 2025 [6] - The global physical demand for gold remains strong, particularly in emerging markets, as indicated by rising premiums in India despite record prices [5] Brand Gold Prices - As of September 22, 2025, various brands have reported the following gold prices: - Chow Tai Fook: 1085 CNY per gram - Chow Sang Sang: 1090 CNY per gram - Other brands like Liufeng Jewelry and Gold Supreme are also priced around 1085 CNY per gram [7]

9月22日，现货黄金再度直线拉升，盘中突破3720美元/盎司高位。截至发稿，现货黄金最高 价达到3728.4美元/盎司，再创新高。 | W | 伦敦金现 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | | SPTAUUSDOZ.IDC | | | | | | | 3722.290 | 昨结 | 3684.650 | | 开盘 | 3686.753 | | | +37.640 | +1.02% 总量(kg) 0.00 | | | 现手 | | 0 | | 最高价 | 3728.400 持 | 0 | 2 | 참 | | O | | 最低价 | 3683.280 壇 仓 | 0 | | | | O | | स्त्रीय | 五日 | | 月K | 电影 | | | | 叠加 | | | | 참□ | | | | 3728.400 | | | 1.19% | 卖1 3722.550 | | 0 | | | | | | 流 | 3722.290 | 0 | | | | | | 20:16 3722.314 0 20:16 3722.400 0 | ...

9月16日，现货黄金短线冲高，盘中最高价达到3689.56美元/ 盎司 ，续创历史新高。 【导读】现货黄金逼近3690美元/ 盎司 ，品牌金饰突破1090元/克 中国基金报记者 晨曦 金价又爆了！ 9月16日， #金价 #的词条登上微博热搜榜 ，且热度持续攀升。 国际金价飙涨之际，品牌金饰价格也水涨船高。其中，周生生足金饰品价格一举突破1090 元/克，9月16日报1091元/克，较前一日大幅上涨17元/克；周大福、六福珠宝、老庙黄金 等足金饰品价格也升至1087元/克。 | | | 铝牌等价 | O | | --- | --- | --- | --- | | 品牌黄金价格 | | 最新:2025.09.16 11:05 | | | 日期 | 名称 | 价格 | 涨跌 | | 09.16 | 水贝黄金 | 835.75 元/克 | 实时 | | 09.16 | 周大福 | 1087元/克 | 涨9 | | 09.16 | 周生生 | 1091元/克 | 涨17 | | 09.16 | 六福珠宝 | 1087元/克 | 涨9 | | 09.16 | 美幸尊 | 1087元/克 | 涨9 | | 09.15 | ...

Group 1 - The spot gold price has surpassed $3500, reaching a new historical high of $3501.030 per ounce, with a daily increase of 0.74% [1] - On September 1, international gold prices saw significant increases, with the New York Commodity Exchange's December delivery gold price briefly exceeding $3550 per ounce, marking a historical peak [3] - The domestic gold jewelry prices have also risen, with brands like Lao Miao and Chow Tai Fook increasing their prices by 11 and 10 CNY per gram respectively [3] Group 2 - The U.S. job market is showing signs of weakness, contributing to rising expectations for a Federal Reserve interest rate cut, with an 89.7% probability of a 25 basis point cut in September according to the CME FedWatch Tool [5] - The international gold price has experienced a notable upward trend, with an overall increase of over 5% in August, marking the best monthly performance since April [5]

Group 1 - International spot gold experienced a significant drop of $46.05, reaching $3322.93 per ounce, marking a decline of 1.37% and hitting a two-week low [1] - Spot silver also fell below the $36 mark, trading at $35.83 per ounce [1] - Domestic gold futures in China dropped by 1.10% to 772.22 yuan per gram, while major jewelry brands saw a decrease of 14 yuan to 998 yuan per gram, falling below the 1000 yuan threshold [1] Group 2 - The unexpected announcement of a ceasefire agreement between Israel and Iran led to a rapid withdrawal of funds from safe-haven assets, directly causing the drop in gold prices [2] - Federal Reserve Chairman Jerome Powell's hawkish stance on interest rates reduced the probability of a rate cut in September to below 35%, resulting in a stronger dollar index and increased holding costs for gold, further contributing to the price decline [3] Group 3 - Despite short-term pressures, the underlying logic for international spot gold remains unchanged, with ongoing geopolitical risks and a potential spike in oil prices if the Strait of Hormuz is blocked, which could reignite demand for gold as a safe haven [4] - Global central bank gold reserves have risen to 22%, the highest level since 1965, with China increasing its holdings to 2300 tons over the past eight months, indicating a continued trend that may influence future gold prices [4] - The demand for silver is expected to remain robust, with projected photovoltaic silver consumption reaching 140 million ounces by 2025, a year-on-year increase of 12% [4]