12月29日周一开盘，现货黄金失守4500美元关口，盘中跌超1%。截至29日14:16，跌幅收窄，现报4505.72美元/盎司。 | W | | | 伦敦金现 | | | Q | | --- | --- | --- | --- | --- | --- | --- | | | | | SPTAUUSDOZ.IDC | | | | | 4505.720 " | | | 4532.410 | 总量 | | O | | -26.690 | -0.59% | | 4532.410 | 现手 | | 0 | | 最高价 | 4550.520 | 持 仓 | O | 外 盘 | | 0 | | 最低价 | 4471.250 | 增 仓 | 0 | 内 물 | | 0 | | સ્ત્રીય | 五日 | 目K | 周Ｋ | 月K | 車名 | (0) | | 叠加 | | | | 均价:0.000 | | | | 4593.570 | | | | | 1.35% 卖一 4505.810 | | | | | | | | 买一 4505.720 | | | | | | | | 14:15 4505.630 | 0 | | | ...

老张这两天有点坐不住了，前阵子看金价涨得猛，刚动了心思，这转眼又说开始回调。他跑来问我："这金价上上下下的，到底该看哪个数？说跌了吧，金 店里的首饰也没见便宜多少啊。"其实，不少朋友都有这个困惑。今天咱们就一起捋捋，当金价波动时，那些琳琅满目的价格标签到底在说什么。 品牌金饰价：为"美感"和"信赖"付费 深圳水贝市场的报价，可以看作是黄金批发行业的"基准线"。这里的足金999报价在1129元/克左右，它反映的是大批量、标准化黄金原料加上基础加工费后 的价格。这个价格比投资金条更"素颜"，是金饰生产的源头成本参考。它的波动，会更灵敏地传导到下游的加工和零售环节。观察水贝的价格趋势，能帮助 我们理解黄金作为原材料本身的供求关系和成本变动。 回收价：最现实的"变现尺子" 最后，也是最实在的一个价格——回收价。无论你手中是品牌金饰、投资金条还是旧物，拿到回收商那里，他们只认纯度。比如，当前黄金回收价约995元/ 克。这个价格无情地剥去了你当初购买时支付的所有品牌、工艺和情感附加值，直指黄金作为贵金属的原料价值。它往往是所有价格中最低的，也是变现时 真正能拿到手的数目。这个价差（比如1410元买进，995元回收）直观地 ...

（来源：河南商报） 【#金价大涨女子10天内入手3次#】近期，金价持续飙升引发广泛关注，国内金饰价格站上1353元/克， 国际金价逼近4380美元/盎司历史高位，多数消费者与投资者陷入"买不起、不敢追"的两难境地。西安 的张女士却越涨越买，她告诉@陕视新闻 记者，自己12月8日先是购入了一副3000多元的金耳坠，13号 又买入一枚50g金条，仅仅两天过后，金条就增值了1000多元，紧接着自己又被一件做工精美的品牌金 饰吸引，下手也是毫不犹豫。张女士："我买金比较晚，以前觉得土，现在越瞅越顺眼。我看好金价还 会继续涨，都给未来儿媳妇攒着！"#女子10天内狂买金饰留给儿媳妇# @陕视新闻 来源：滚动播报 ...

金价，仍在狂飙！ 12月12日，现货黄金价格持续向上，突破4350美元/盎司，距离历史新高仅一步之遥。虽然随后短线下挫，但仍引发市场对金价的再次侧目。 与此同时，品牌金饰价格也节节攀升。12月13日，老庙黄金的金饰价格涨至1352元/克，周生生涨至1351元/克，均突破1350元/克的高位。周大福金饰价格 为1348元/克，六福珠宝为1346元/克。 监制：韩霁审核：彭金美 网友纷纷表示，"天呐现在已经这么高了吗""真的很夸张"。 编辑：张萌 校对：张尤佳（见习） 世界黄金协会展望称，2026年金价前景仍将受到持续的地缘经济不确定性影响。从今年走势看，2026年金价很可能继续带来"惊喜"。如果经济增长放缓， 利率进一步下降，黄金可能会温和上涨。在以全球风险上升为特征的更为严重的经济低迷时期，黄金可能会表现强劲。 高盛分析师近期表示，对2026年底金价每盎司4900美元的预测存在显著上行空间。高盛预计，2025年央行购金量平均为80吨，2026年为70吨，并称新兴市 场央行可能会继续将储备从美元分散到黄金。 来源：中国基金报 近期黄金延续上行动能，核心驱动力源于美联储最新决议的鹰派程度不及市场事前担忧，叠加市场 ...

Core Viewpoint - The A-share market experienced slight fluctuations on November 19, with both the Shanghai Composite Index and the ChiNext Index closing in the green. Gold-related stocks saw significant gains, driven by a rebound in international gold prices, which surpassed $4,000 per ounce, indicating a potential continuation of the current gold bull market [2]. Market Performance - On November 19, the A-share market showed narrow fluctuations, with the Shanghai Composite Index and the ChiNext Index both closing higher [2]. - Gold concept stocks led the gains, with notable performers including Shen Zhonghua A, which hit the daily limit, and others like Zhongjin Gold, Xiaocheng Technology, Chifeng Gold, Shandong Gold, and Sichuan Gold, all rising over 5% [2]. Gold Price Movement - International gold prices rebounded, with spot gold rising above $4,000 per ounce, reaching over $4,080 per ounce by 15:28, marking a daily increase of over 0.5% [2]. - Domestic gold jewelry prices also increased, ending a four-day decline [2]. Future Outlook - According to a report by China International Capital Corporation (CICC), the current gold bull market may not be nearing its end. Historical comparisons suggest that the price increase and duration of this bull market are still lower than those observed during the major upswings in the 1970s and early 2000s [2]. - CICC's outlook considers current macroeconomic uncertainties, the long-term adjustment of global reserve structures, and the potential decline of the dollar cycle, supporting the view that the gold bull market is likely to continue [2].

Group 1 - The core viewpoint of the article highlights the significant drop in gold prices, with current prices falling below 920 yuan per gram, indicating a shift in market dynamics and consumer behavior towards gold investment and brand premium [1][3]. - The international gold market experienced volatility, with spot gold peaking at $4046 and closing at $3972, reflecting a 0.53% decline, influenced by the rising US dollar index and liquidity pressures among institutional investors [1][3]. - Domestic gold merchants quickly adjusted prices, with the market opening at 932 yuan per gram, a decrease of 15 yuan from the previous week, prompting consumers to consider the price differences between investment gold bars and branded jewelry [1][3]. Group 2 - A comparison of branded gold jewelry prices reveals significant markups, with brands like Cai Bai and Lao Feng Xiang priced at 1168 yuan and 1200 yuan per gram respectively, while the actual cost of craftsmanship is only 8-10 yuan per gram, indicating high brand marketing costs [3]. - The repurchase price for branded jewelry, such as Chow Tai Fook's 1198 yuan per gram selling price, is only based on the international gold price of 916 yuan per gram, resulting in an immediate loss of 282 yuan per gram for consumers [3]. - Despite the drop in gold prices, historical data suggests that November is a peak consumption season for gold, with potential for price rebounds, driven by ongoing geopolitical tensions and high US debt levels [3][4]. Group 3 - The article emphasizes the importance of regularly monitoring gold prices as a strategy for consumers to combat inflation and make informed purchasing decisions, akin to comparing prices in a grocery market [4]. - It suggests that consumers should focus on the international gold price trends rather than being swayed by brand narratives, advocating for the purchase of gold bars over branded jewelry to save costs [3][4].

Core Viewpoint - The international gold price has experienced significant fluctuations in October, with a recent recovery above the $4000 per ounce mark after a brief dip below it. This volatility has influenced domestic gold prices, leading to increased consumer interest in gold purchases [4][6]. Price Movements - As of October 31, COMEX gold futures rose to $4022.6 per ounce, up 0.16%, while spot gold was reported at $4006.46, down 0.45% [1][3]. - The gold price saw a dramatic rise from around $3300 per ounce at the beginning of the year to a peak of $4381.21 on October 20, followed by a drop below $3900 [4]. - In October, gold prices increased over 10% in 20 consecutive days, with significant daily gains recorded [4]. Domestic Market Impact - Domestic gold jewelry prices have also fluctuated, with brands like Chow Sang Sang and Lao Feng Xiang seeing their prices rise to 1203 RMB and 1200 RMB per gram, respectively, reflecting increases of 28 RMB and 17 RMB from the previous day [3][5]. - The price of gold jewelry has decreased from a high of 1294 RMB per gram to below 1200 RMB [5]. Investment Trends - There has been a noticeable increase in consumer inquiries and purchases of gold as prices rise, indicating a shift in investment interest towards gold [4]. - Industry experts express cautious optimism regarding gold price trends, citing ongoing global investment interest and central bank purchases as key drivers, despite acknowledging the risks of short-term volatility [6]. Demand Insights - According to the World Gold Council's report, global gold demand reached a record high of 1313 tons in Q3 2023, with investment demand surging by 47% year-on-year [6].

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]