截至2026年1月28日收盘，中证沪深港黄金产业股票指数(931238)上涨7.59%，成分股掀涨停潮，晓程科技、曼卡龙 20CM涨停，中国黄金、白银有色、中金黄金、招金黄金等个股10CM涨停 黄金股ETF(517520)强势涨停。买贵金属，就看黄金股ETF(517520)。拉长时间看，截至2026年1月27日，黄金股 ETF近1周累计上涨15.09%。 基金有风险，投资需谨慎。本文所包含的分析基于各种假设，不同假设可能导致分析结果出现重大不同。在任何情 况下，本文中的信息或所表述的意见并不构成对任何人的投资建议。 MACD金叉信号形成，这些股涨势不错！ 消息面上，1月28日下午，现货黄金突破5280美元/盎司，继续刷新历史最高纪录。 金价持续的上涨，已经让市场没有了对黄金看空的声音，对于黄金的展望更是一家比一家高。目前，高盛最新报告 已经将今年底黄金价格预测由每盎司4900美元上调至5400美元，因私人投资者及央行的需求不断增强。高盛预计， 今年各国央行每月将购买60吨黄金，同时随着美联储降息，ETF所购买的黄金规模也会增加，进一步推升估值。 银河证券指出，美元资产吸引力因政治干预担忧而减弱，叠加美联储新主 ...

截至2025年12月23日 09:34，中证沪深港黄金产业股票指数(931238)强势上涨1.27%，成分股山东黄金(01787)上涨3.26%，潮宏基(002345)上涨3.17%，山东黄 金(600547)上涨2.97%，老铺黄金(06181)，白银有色(601212)等个股跟涨。 黄金股ETF(517520)上涨1.55%。拉长时间看，今年以来，黄金股ETF涨幅超96%。 12月23日，COMEX黄金升破4500美元/盎司，现货黄金升破4468美元/盎司，均创历史新高。 机构表示，美联储政策预期与地缘不确定性构成当前金价的核心支撑。一方面，美联储内部对政策路径仍存在分歧，"短期分歧、长期趋宽"的政策叙事不断 强化市场对宽松周期的预期；另一方面，地缘政治演变持续为市场注入避险溢价，巩固了贵金属的配置价值。 国泰海通证券称，展望2026年，我们认为央行购金和黄金ETF持仓份额上升，美联储仍有降息预期，且日本加息的背景下，美元指数走弱或将持续，多因素 支撑黄金价格。 素有金价放大器之称的黄金股ETF（517520），在金价上涨的阶段呈现出更高弹性！买黄金资产，就买弹性更大，流动性佳的黄金股ETF（517520 ...

Group 1 - The core viewpoint of the news highlights a strong performance in the gold sector, with the CSI Gold Industry Index rising by 1.91% and significant gains in individual stocks such as Zhaojin Mining and Zhongjin Gold [1] - The gold stock ETF (517520) has seen a substantial increase, rising over 2% and achieving a cumulative increase of 22.48% over the past three months, indicating strong investor interest [1] - The gold stock ETF has reached a new high in shares, totaling 7.29 billion, and has experienced a net inflow of over 940 million in the past nine days, reflecting robust demand [1] Group 2 - Federal Reserve officials have indicated a potential interest rate cut in December, with an 82.7% probability of a 25 basis point reduction, which could influence gold prices positively [3] - Central banks have been significant buyers of gold, contributing to demand, although some may reduce their holdings due to high gold prices exceeding target allocations [3] - The long-term outlook for gold remains positive due to declining dollar credit, persistent demand for safe-haven assets, and the normalization of central bank gold purchases [4] Group 3 - The gold stock ETF (517520) is described as a "magnifier" of gold prices, offering higher elasticity during price increases, making it an attractive investment option for capturing gold price gains [5] - The ETF closely tracks the CSI Gold Industry Index and invests in high-quality gold companies across the Hong Kong and mainland markets, providing a diversified exposure to the gold sector [5]

Core Viewpoint - The international gold price has reached a historic high, significantly impacting gold-related stocks and ETFs, indicating strong market momentum and investment opportunities in the gold sector [1][3][4]. Gold Market Performance - International gold prices surged, with December futures rising by $69.30, or 1.9%, to close at $3,775.10 per ounce, marking the highest closing price on record [3]. - Year-to-date, gold prices have increased by 43%, surpassing the inflation-adjusted historical peak from 1980 [3]. - The recent price surge is attributed to a weakening dollar and declining U.S. Treasury yields, with expectations of further interest rate cuts enhancing gold's appeal as a safe-haven asset [3][4]. Gold Stocks and ETFs - The CSI Gold Industry Stock Index (931238) rose by 2.01%, with notable gains in constituent stocks such as Xiaocheng Technology (up 6.08%) and Zhuhai Group (up 5.50%) [1]. - The Gold Stock ETF (517520) increased by over 2%, achieving a three-day winning streak, with its latest scale reaching 11.076 billion yuan, a one-year high [2]. - The Gold Stock ETF has seen continuous net inflows over the past 20 days, totaling 5.134 billion yuan, with an average daily net inflow of 257 million yuan [2]. Future Outlook - Analysts predict that gold prices will continue to rise, supported by a favorable environment for gold due to anticipated interest rate cuts and a potential shift in the Federal Reserve's policy stance [4]. - The gold mining sector is expected to benefit from both rising prices and increased production, leading to improved earnings and a potential valuation recovery for gold stocks [4]. - The average P/E ratio for major gold mining companies is projected to be between 12 to 15 times by 2026, indicating significant room for valuation improvement compared to the historical average of around 20 times [4].

Group 1 - The core viewpoint of the articles highlights a significant increase in the performance of gold mining companies, with notable stock price rises in companies like Jiangxi Copper and Zijin Mining, driven by favorable market conditions and financial results [1][2] - The China Securities Index for gold industry stocks (931238) rose by 2.71%, with individual stocks such as Jiangxi Copper (00358) increasing by 10.66% and China Gold International (02099) by 10.03% [1] - Recent financial reports from gold mining companies show substantial revenue growth, with Jiangxi Copper reporting a revenue of RMB 256.96 billion and a net profit of RMB 4.175 billion for the first half of 2025, marking a year-on-year increase of 15.42% [1] Group 2 - The U.S. second-quarter GDP annualized revision showed a growth of 3.3%, exceeding expectations, while the core Personal Consumption Expenditures (PCE) price index rose by 2.5%, aligning with initial estimates but below expectations [1][2] - The performance of gold stocks is being positively influenced by the recent dovish stance of the Federal Reserve, which has led to an upward trend in gold prices [2] - Investors are encouraged to consider the largest gold stock ETF (517520) and its associated funds as effective tools for investing in the gold sector, allowing for efficient capture of gold price gains and diversification of individual stock risks [2]

Group 1 - The core viewpoint of the articles highlights the positive impact of weak U.S. employment data on gold prices, as it raises concerns about the economy and strengthens gold's appeal as a safe-haven asset [1][2] - The U.S. non-farm payroll data for July showed only 73,000 new jobs added, significantly below the expected 110,000, with revisions to previous months totaling a downward adjustment of 258,000 jobs [1][2] - The unemployment rate increased to 4.2%, and the labor force participation rate fell to 62.2%, indicating a weakening labor market that may prompt the Federal Reserve to consider interest rate cuts [2][3] Group 2 - The resignation of hawkish Federal Reserve member Kugler adds uncertainty to future monetary policy, potentially weakening the dollar's credibility and benefiting gold prices [2] - Longjiang Securities noted that the labor participation rate's decline is closely linked to Trump's immigration policies, which may exacerbate long-term labor market issues [3] - The gold stock ETF (517520) has shown a 24.04% increase in net value over the past six months, indicating strong performance in the gold sector [3]