虽然目前国内的金价仍然停留在每克871.5元这一数字，这是上海黄金交易所9月30日收盘时的报价，因为国庆假期休市没有调整。 不过国内黄金饰品的价格已经做出了变动，截至目前，周生生足金饰品价格涨至1165元/克，周大福足金饰品价格为1162元/克。 在这里，咱们要恭喜那些之前买了黄金，但坚持住没有卖掉的朋友们，无论是金条金块，银行积存金，黄金ETF，甚至是黄金首饰的，你们这一次都大赚 了一笔。 刚刚过去的这个国庆假期，金价暴涨，现货黄金价格已经突破每盎司4000美元大关，创历史新高。 | | 卖出 | | --- | --- | | 足金饰品 | *1165 | | 950铂金饰品 | * ୧ 2 a | | 生生金宝 | ¥1033 | | | 搜狐号@灰产品 | 原本高盛的预测是明年年底前，金价有望涨到每盎司4300美元，结果现在就已经突破4000了，所以高盛就将预期上调到了4900美元。 高盛的理由是：eft最近流入强劲，各国央行不断的增持黄金储备，所以未来长期看涨。 当然我觉得呢，这一轮金价暴涨，突破4000美元的直接原因，还是因为美国联邦政府停摆，助推了金价的走势。 加上美国非农就业数据无法及时公布， ...

华夏时报记者 叶青 北京报道 （北京一家金店内的黄金饰品） 国庆中秋双节叠加，北京黄金消费市场迎来销售高峰。假日期间，记者走访了北京东城、西城以及南城的商圈，尽管足金价格突破1120元/克创下新高， 但菜百股份总店、西单大悦城、国瑞城等核心商圈的金店依旧人头攒动，刚需消费与投资需求共同推动市场热度攀升，高金价并未影响普通消费者购金热 情。 10月3日上午，菜百股份总店销售人员不停为顾客介绍新款金饰。"从开门到现在没歇过脚，小克重首饰和投资金条卖得最好。"一位店员擦着汗说。据了 解，国庆假期第三天，菜百足金价格已涨至1075元/克，较三季度初上涨85元/克，价格高位运行成为市场显著特征。 监测数据显示，10月4日北京主流品牌首饰金报价集中在1129—1131元/克区间。为吸引客流，商家纷纷推出优惠。记者观察到，在柜台前购买金饰品的客 户群体中，中老年群体仍是主力，他们更青睐30克以内、兼具佩戴性与保值性的轻量化金饰。 而在国贸商圈的周大福门店内，记者发现，购买黄金饰品的群体以筹备婚礼的新人为主，他们正为即将到来的婚礼做准备。据店员介绍，近期"三金"套装 订单量较8月增长15%，5万元以上的大件套装占比达80%。 ...

黄金价格创下45年来最高，预示着什么？ 第三，宏观环境跟1970年代有相似之处。虽然全球通胀从2022年的高点回落，但核心通胀还是顽固。美 国9月CPI同比涨3.8%，欧元区2.9%，都高于政策目标。中东局势紧张、东欧风险未解、供应链加速区 域化，市场对"滞胀+金融脆弱"的担忧在升温。黄金不生息、没主权风险，在这种时候，就是终极避风 港。 就在这个月，国际金价突破了经通胀调整后的1980年1月高点。当时名义价格是850美元/盎司，换算成 今天购买力，大约在3590到3674美元之间。如今金价稳稳站在3700美元上方，9月还多次逼近3800美 元。这不只是名义新高，而是真实购买力的历史性超越。 这不是市场一时冲动。高盛最近一份报告提到，当前黄金市场的多空头寸比达到8:1，是过去十年里最 极端的看涨情绪。伦敦一位做贵金属交易的朋友说，9月下旬不少大投行已经把目标价调到4000美元， 理由很直接：系统性风险正在被重新定价。 机构、央行、对冲基金，都在行动。2025年前三季度，COMEX黄金期货未平仓合约量同比涨了12%， 黄金ETF也结束了连续两年的资金净流出，开始小幅回流。钱不会说谎，它们在投票，旧体系可能没那 ...

Group 1 - The core viewpoint of the articles is that despite recent price corrections, gold remains a valuable investment asset due to ongoing economic uncertainties and the Federal Reserve's interest rate policies [1][2]. - The long-term upward trend of gold prices is supported by factors such as increased gold purchases by central banks and high market investment enthusiasm, with domestic gold futures and options funds exceeding 100 billion yuan [1][2]. - Analysts emphasize that gold's role as a risk hedge remains valid, especially during periods of dollar system trust issues, and that historical data suggests gold tends to rise during Federal Reserve rate-cutting cycles [2]. Group 2 - Investors are advised to clarify their investment objectives, with a recommended allocation of around 10% of personal assets to gold, while employing a strategy of gradual entry and risk management [3]. - For ordinary investors, low-risk and easy-to-manage investment tools such as physical gold and gold ETFs are recommended, as they offer lower risk and better liquidity [3]. - Analysts caution against impulsive trading behaviors, suggesting that maintaining core positions and adjusting allocations based on market conditions is crucial [3][4]. Group 3 - Short-term volatility risks are acknowledged, with indicators showing that gold is currently overbought, leading to potential profit-taking and price adjustments [4]. - The 14-day RSI for gold has reached 78, indicating overbought conditions, and analysts predict possible short-term corrections within the next 1-2 weeks [4]. - Investors are encouraged to adopt flexible strategies, such as adjusting gold allocations based on market fluctuations, to mitigate short-term risks [4].

Group 1 - International gold prices have risen, with spot gold increasing by 1.15% to $3586 per ounce, reaching a new high, and briefly surpassing $3600 per ounce [1][2] - COMEX gold futures rose by 0.92%, reaching $3639.8 per ounce [1] - The price of gold jewelry has also increased, with some brands pricing above 1050 yuan per gram [3][4] Group 2 - The recent rise in gold prices is driven by three core factors: geopolitical risks increasing demand for safe-haven assets, rising inflation leading to a need for asset preservation, and the weakening of the dollar's status as a key currency [5][6][7][8] - The U.S. non-farm payroll data released on September 5 showed a significant miss against expectations, with only 22,000 jobs added in August, leading to increased expectations for a rate cut by the Federal Reserve [4] Group 3 - Retail demand for gold remains strong, with reports of significant purchases, including a customer buying over 200,000 yuan worth of gold bars [9] - Sales staff at jewelry stores indicate that current prices may rise further, suggesting that consumers should consider purchasing now [9] - Analysts recommend including gold in asset allocation strategies, suggesting a long-term investment approach with a recommended allocation of 5% to 20% [10]

Core Viewpoint - A significant price drop in the gold market has created a complex interplay between brand merchants, recyclers, and consumers, revealing the underlying risks and strategies within the industry [1][11]. Group 1: Market Dynamics - Domestic gold prices fell by 10.29 yuan per gram to 777.9 yuan per gram, marking a new low in a week, while international gold prices also declined, with New York futures dropping to 3448 USD per ounce [1]. - Brand gold jewelry prices, such as those from Chow Sang Sang, increased to 1029 yuan per gram, creating a price gap of nearly 250 yuan compared to the base gold price [1][11]. - The recycling market faced a significant blow, with the price for pure gold recycling dropping by 6 yuan in one day to 769 yuan per gram, and 18K gold recycling prices falling to 554 yuan per gram [3]. Group 2: Brand Strategies - Major brands like Chow Sang Sang and Chow Tai Fook have employed a "three-piece set" strategy to maintain profitability despite falling gold prices, which includes a time lag in price adjustments, high processing fees, and strong demand from wedding-related purchases [3]. - The processing fees for items like traditional bracelets can reach 120 yuan per gram, which constitutes over 10% of the selling price, allowing brands to maintain profit margins even when gold prices decline [3]. Group 3: Consumer Risks - Consumers eager to cash in on their gold often fall victim to information asymmetry, leading to unfavorable recycling prices and additional fees, such as a 15 yuan "depreciation fee" charged by brand stores [4]. - Some professional recyclers may also apply deductions based on purity, further complicating the recycling process for consumers [4]. - Banks, such as ICBC, offer a relatively safer channel for gold redemption, with a recycling price of 780 yuan per gram for their own gold bars [4][8]. Group 4: Alternative Market Players - Community gold stores are thriving by offering lower processing fees, customized services, and strong customer relationships, contrasting sharply with the struggles of larger brand stores, which have closed numerous locations [10]. - The local market dynamics highlight a shift towards more personalized and cost-effective options for consumers [10]. Group 5: Conclusion and Market Insights - The recent gold price drop has exposed the fundamental logic of the industry, with domestic mining costs at 780 yuan per gram leading to production cuts in some areas, while brand merchants continue to profit from high retail prices [11]. - The disparity between wholesale and retail prices indicates that consumers are often at a disadvantage, necessitating greater awareness and strategic decision-making to protect their interests in the market [11].

Recent Price Fluctuations - As of June 25, 2025, the international gold price is reported at $3322.93 per ounce, a drop of $46 (1.37%) from the previous day, marking a two-week low [1] - Domestic gold jewelry prices have decreased to 1012 yuan per gram, with a daily drop of 8 yuan, while the Shenzhen Shui Bei wholesale market price has fallen to 785 yuan per gram [1] - Compared to early April, when gold prices peaked at 1033 yuan per gram due to risk aversion, the recent cumulative decline exceeds 20% [1] Reasons for the Decline - The easing of tensions in the Middle East, particularly the announcement of a ceasefire agreement between Israel and Iran by Trump, has led to a significant reduction in safe-haven demand [2] - The Federal Reserve's hawkish stance, with Powell indicating the need for more time to assess the impact of tariffs on inflation, has delayed interest rate cuts until September [3] - Technical factors have also played a role, as gold prices fell below the critical support level of $3350, triggering programmatic selling [4] Core Factors Influencing Gold Prices - Geopolitical events and risk aversion have historically driven gold prices, with conflicts in the Middle East causing spikes in gold prices. The recent ceasefire has led to a withdrawal of safe-haven funds [5] - The Federal Reserve's cautious approach and a strong dollar are putting downward pressure on gold prices [6] - The U.S. fiscal deficit, potentially increased by Trump's "big and beautiful" plan by $2.8 trillion, could be a long-term positive for gold [7] - Inflationary pressures from tariffs, with an average U.S. tariff rate of 16%, are currently exerting short-term pressure on gold prices due to delayed transmission effects [8] Consumption and Investment Trends - Investment options include gold ETFs, which have low entry barriers and high liquidity, making them suitable for ordinary investors [10] - Bank paper gold offers no storage costs and supports regular investment, appealing to long-term savers [10] - Physical gold provides psychological security but comes with high premiums and low liquidity, attracting those with inheritance needs or extreme risk aversion [10] Future Outlook - Short-term (1-3 months): Gold prices are expected to fluctuate within the $3300-$3400 range, with potential breakthroughs dependent on escalations in Middle Eastern conflicts or signals of interest rate cuts from the Federal Reserve [12] - Key observation points include Powell's congressional testimony on June 25 and the stability of the Israel-Iran ceasefire agreement [13][14] - Long-term (2026): Predictions vary significantly, with bullish forecasts from Goldman Sachs and Bank of America suggesting gold could reach $4000 due to central bank purchases and weakening dollar credit, while bearish views from Citigroup predict a drop to $2500 due to weak investment demand [15][16]

Group 1 - Multinational companies are increasingly investing in China, shifting focus from traditional manufacturing to high-tech sectors, indicating strong international confidence in the Chinese market [2][3] - The rise of cutting-edge technology firms and emerging tech clusters in China highlights the country's transformation into a global innovation hub, creating new investment opportunities [2][3] - China's complete industrial system and large market scale provide diverse application scenarios for new technologies, fostering a unique competitive advantage and new growth points across various sectors [3] Group 2 - The Federal Reserve's decision to lower the federal funds rate by 50 basis points to a range of 4.75% to 5.00% marks its first rate cut in four years, reflecting a comprehensive assessment of the U.S. economic situation [4][5] - The Fed's rate cut is expected to lower financing costs for businesses and consumers, stimulating investment and consumption, while also alleviating market tensions and enhancing liquidity [5] - Future projections indicate the federal funds rate may drop to 4.4% by the end of the year, with further reductions anticipated in 2025 and 2026, showcasing confidence in economic recovery and inflation stability [4][5] Group 3 - International gold prices have surged, reaching a historic high of over $3060 per ounce, with a year-to-date increase of over 16%, reflecting strong market demand for gold investments [6][7] - The increase in gold prices has led banks to raise the minimum purchase standards for accumulated gold, indicating a growing trend in gold investment demand [6][7] - Various investment options in the gold market, including bank accumulated gold, gold ETFs, and physical gold, cater to different investor preferences and financial situations [7] Group 4 - Oil prices have shown significant volatility, with international crude oil futures rebounding by 17.3% since March, leading to anticipated price adjustments for gasoline and diesel [8][9] - Oil price fluctuations are influenced by multiple factors, including supply-demand dynamics, geopolitical events, and monetary policy, which can significantly impact market conditions [9][10] - Rising oil prices affect consumer behavior and production costs across various industries, potentially leading to increased prices for goods and services, thereby impacting overall economic growth [10]

此前金价一路狂飙，不少消费者对黄金投资心动不已。有报告显示，2025年一季度， 全球黄金投资总需求量为552吨，同比暴增170% ；全 球金条金币总需求为325吨，同比增长3%，比五年季度平均水平高出15%。 COMEX黄金 跌近1%。 | < W | COMEX黄金 | | | | | | | --- | --- | --- | --- | --- | --- | --- | | | GC.CMX | | | | | | | 3162.6 | | 昨结 | 3188.3 | 总手 | 2.74万 | | | -25.7 | | -0.81% -- | 3180.8 | 现手 | | | | 最高价 | | 3195.6 持 仓 | 19.70万 | 外 盘 | 1.30万 | | | 最低价 | 3160.6 | 增 仓 | -7431 | 内 盘 | 1.43万 | | | 4784 | 五日 | 目K | 周Ｋ 月Ｋ | | 甲名 ( | | | 叠加 | | | 均价:3180.5 | | | | | 3216.0 | | | | 0.87% 卖一 | 3162.7 | 2 | | | | | | | ...

Core Viewpoint - The article discusses the recent significant decline in gold prices, highlighting the volatility in the gold market and the factors influencing investor behavior and demand for gold [1][3][5]. Group 1: Recent Market Trends - On May 14, the spot gold price fell below $3,180 per ounce, marking a new low since April 15 [1]. - Gold experienced a notable drop of 2.73% on May 12, with an intraday loss of up to $118 per ounce [3]. - The hashtag GoldPriceCrash trended on social media, indicating widespread concern among investors [3][4]. Group 2: Investment Demand and Trends - In Q1 2025, global gold investment demand surged to 552 tons, a year-on-year increase of 170% [5]. - Demand for gold bars and coins reached 325 tons, up 3% year-on-year, exceeding the five-year quarterly average by 15% [5]. - China's gold bar and coin demand in Q1 was 124 tons, reflecting a 48% quarter-on-quarter increase and a 12% year-on-year rise, marking the second-highest quarterly level in history [6]. Group 3: Economic Factors Influencing Gold Demand - The article notes that trade disputes, erratic U.S. policies, and ongoing geopolitical tensions have created a highly uncertain market environment, driving increased demand for gold as a safe-haven asset [6][7]. - The People's Bank of China has been actively increasing its gold reserves, with a reported total of 7,377 million ounces as of the end of April, marking a continuous six-month increase [7]. Group 4: Investment Strategies and Recommendations - Investors are advised to avoid impulsive decisions and to consider a long-term investment strategy in gold, with a recommended allocation of 10% to 15% of their investment portfolio [8]. - The article emphasizes the importance of choosing reputable investment institutions and being cautious of high-risk trading platforms [8].