12月23日,黄金期货与现货黄金价格双双暴涨并再创历史新高。其中, COMEX黄金升破4500美元/盎司,现货黄金盘中一度逼近4500美元/盎司 关口。展望后市,各大投行对2026年金价走势普遍持乐观态度。 各大机构对2026年金价预测 € 机构名称 预测目标 84.jp & UBS 4500美元/盎司 2026年6月 瑞银 4900美元/盎司 2026年12月 高 23 ANZ Y 突破5000美元/盎司 2026年 澳新银行 5000美元/盎司 2026年 美国银行 J.P.Morgan 5055美元/盎司 2026年底 摩根大通 【天天县令 链接您与财富 国际投行2026年金价 並沿 | 也次芸全的工= r Friday of the A 还能不能买黄金? 中信证券首席经济学家明明认为,尽管当前宏观环境对贵 金属较为有利，但主要贵金属价格已经处于高位，对普通 投资者而言,应充分认识到当前参与贵金属投资的风险, 明确自身风险偏好后再参与交易。 看 财 经 热 点 就上天天基金 数据来源：媒体公开报道整理。制图时间：2025.12.23。 免责声明：以上内容仅供参考，不构成推荐和投资建议。指数过往涨跌不代 ...

Core Viewpoint - The company anticipates a net loss of approximately HKD 5.4 million for the six months ending September 30, 2025, and a net loss of about HKD 6.7 million for the six months ending September 30, 2024, with the reduction in net loss attributed to revenue generated from a new AI-driven solutions division [1] Financial Performance - Expected net loss for the six months ending September 30, 2025: approximately HKD 5.4 million [1] - Expected net loss for the six months ending September 30, 2024: approximately HKD 6.7 million [1] Revenue and Cost Factors - The reduction in net loss is primarily due to income from the new AI-driven solutions division, which focuses on financial trading solutions and advanced technology services [1] - The company has hired additional employees in the People's Republic of China, leading to a decrease in employee benefit expenses [1] Expense Increases - The reduction in net loss is offset by several factors, including: - Increased cost of goods sold, mainly due to physical gold sales [1] - Increased subcontracting costs associated with the AI-driven solutions division [1] - Rising other expenses, particularly legal and professional fees related to a comprehensive offer and increased promotional expenses for the precious metals trading services division [1]

Core Insights - The article discusses the investment dilemma between physical gold and spot gold, emphasizing their distinct characteristics and suitability for different investor needs [1][4]. Group 1: Physical Gold - Physical gold, such as bars and coins, provides a tangible sense of control and is considered a traditional safeguard against economic cycles [3]. - It has strong hedging properties as it does not rely on electronic systems or credit backing, but it requires secure storage, expertise for authenticity verification, and has limited liquidity [3]. - Physical gold is suitable for investors who prioritize physical ownership and long-term wealth preservation [4]. Group 2: Spot Gold - Spot gold investment highlights the efficiency and flexibility of modern finance, allowing investors to participate easily through regulated trading platforms like WanZhou Gold [3]. - It offers high liquidity, enabling quick buying or selling based on market conditions, thus allowing investors to seize trading opportunities [3]. - Spot gold eliminates concerns related to storage, transportation, and security, making it a more modern investment tool for those who wish to align closely with international gold price trends [4]. Group 3: Investment Decision Factors - The choice between physical and spot gold depends on individual core demands, such as the desire for physical ownership versus the need for asset flexibility and trading efficiency [4]. - Investors should consider their financial situation, risk tolerance, and investment goals when making a decision, supported by compliant platforms [4].

Group 1 - The global ETF market continues to see an increase in fund flows due to rising stock inflows, with a particular focus on AI and sectors like biotechnology, finance, and industrials since June [1] - There has been a notable increase in fund flows towards Hong Kong A-shares ETFs and related tech stocks since March and April, driven by changes in national policies [1] - Active ETFs in the Asia-Pacific region account for less than 10% of total assets, compared to 30% in more mature markets, indicating a gap in investor education and market development [1] Group 2 - Regulatory changes are identified as a key growth driver for ETFs in developed markets, such as Australia and the United States, which typically feature transparent trading, low costs, and high efficiency [2] - The emergence of regulatory changes is also being observed in China, suggesting that similar developments may occur in Hong Kong, further promoting ETF growth [2]

2025.04. 28 本文字数：2511，阅读时长大约4分钟 导读 ：相较于传统金店，银行正成为年轻人的"淘金圣地"。 作者 | 第一财经 王方然 近期，国际金价剧烈波动，却意外点燃了年轻人的"淘金热"。 4月22日，COMEX黄金期货、伦敦现货黄金分别突破3500美元/盎司，创历史新高，随后开始回 落。截至28日记者发稿，COMEX黄金期货日内跌0.32%，报3288美元/盎司，伦敦金现日内跌 1.12%，报3281美元/盎司。 金价回调后，有人高位套牢，也有人逢低加仓。第一财经记者注意到，不少投资者将银行APP视 为"数字金店"，通过积存金、黄金ETF等产品低买高卖，甚至频繁兑换实体黄金。 黄金短期波动加剧下，已有银行悄然上调积存金起购门槛，部分实体黄金产品出现"售罄"或暂停交 易。银行正在黄金热潮带来的商机与风控间寻找平衡。 热衷银行购金 相较于传统金店，银行正成为年轻人的"淘金圣地"。 "我把银行APP当金店逛。"广东深圳一名95后黄金投资者阿芳（化名）告诉记者，尤其是在金价频繁 波动的阶段，每天都会抽时间看看持仓的积存金价格。价格降了就补仓，涨了就出手。偶尔兑换些实 体黄金。去年初至今，她持仓的积 ...

Core Viewpoint - Banks are becoming the preferred choice for young investors seeking gold, as they offer more flexible and accessible investment options compared to traditional gold shops [2][3]. Group 1: Market Trends - Recent fluctuations in international gold prices have sparked a surge in interest among young investors, with COMEX gold futures and London spot gold reaching historical highs of over $3500 per ounce before experiencing a pullback [2]. - Many investors are utilizing bank apps as "digital gold stores," engaging in activities such as accumulating gold, trading gold ETFs, and frequently exchanging for physical gold [2][3]. Group 2: Banking Sector Response - Banks have seen a significant increase in gold trading volumes, with Minsheng Bank reporting a gold trading volume of 2405.66 tons and a transaction amount of 13494.98 billion yuan in its 2024 financial report [3]. - In response to the influx of investors, several banks have raised the minimum purchase thresholds for gold accumulation products, with new thresholds ranging from 800 to 1000 yuan [4]. Group 3: Product Availability - Some banks have experienced intermittent shortages or pauses in the availability of physical gold products, with reports of certain gold items being sold out or requiring advance reservations for purchase [5][7]. - The demand for physical gold has led to temporary closures of purchasing channels for certain gold products at banks, indicating a strain on supply [7]. Group 4: Financial Performance - The total precious metal asset scale of 18 listed banks reached 7708.78 billion yuan by the end of 2024, marking a 70.2% increase from the end of 2023 [10]. - Major state-owned banks have shown significant growth in their precious metal asset scales, with the combined total for ICBC, Bank of China, CCB, and ABC reaching 6415 billion yuan, a growth of approximately 83.23% [10]. Group 5: Revenue Generation - The surge in gold trading has positively impacted banks' non-interest income, with banks earning from various fees associated with gold accumulation products, including transaction fees and price differentials [12]. - Banks are actively optimizing their gold trading services, extending trading hours and promoting gold accumulation products to enhance customer engagement [12][13]. Group 6: Technological Advancements - Banks are leveraging technology to improve gold trading processes, with initiatives to develop intelligent systems for efficient order processing and market analysis [13]. - Digital tools are being utilized to enhance customer service and product offerings in the gold market, reflecting a shift towards more tech-driven solutions in banking [13].