在多重因素推动下，国际金价近期连续上涨。9月9日，国际现货黄金价格突破3650美元／盎司，最高触 及3659.10美元／盎司，再创历史新高。 借此轮金价走高的市场热度，银行理财子公司密集发行挂钩黄金的理财产品，相比之前的发行节奏明显 加快。 9月3日，招银理财发布公告称，旗下"招睿焦点联动黄金5号固收类理财计划"已于9月2日正式成立，该 产品挂钩标的为SGE黄金9999。9月4日，光大理财的"阳光青臻盈7期（黄金挂钩策略）固定收益类"理 财产品也已进入募集阶段。 转自：金融时报 实际上，今年以来，渤银理财、浙银理财、民生理财等多家银行理财子公司已先后推出挂钩黄金的理财 产品。 "近期银行理财子公司密集发行黄金理财产品，这既是对市场趋势的必然响应，更是资管行业主动求变 的体现。"南开大学金融学教授田利辉在接受记者采访时分析认为，黄金价格屡创新高，凸显了其在地 缘动荡、全球降息预期升温背景下的避险价值与配置吸引力。与此同时，固收类资产收益持续承压，银 行理财亟需通过"固收+黄金"等策略增强产品竞争力。银行理财子公司借势布局，既是对投资者保值需 求的精准回应，也是丰富产品谱系、提升投研能力的战略落子。 来自中国理财 ...

Core Viewpoint - The recent surge in gold prices has led to an increase in the issuance of gold-linked wealth management products by bank wealth management subsidiaries, driven by the growing investment value of gold and the rising demand for stable return products [1][2]. Group 1: Market Trends - As of September 5, the price of gold reached $3,552.701 per ounce, surpassing the critical $3,500 mark, prompting banks to issue more gold-related financial products [1]. - Multiple banks, including 招银理财 and 光大理财, have launched gold-linked wealth management products in response to the rising gold prices, indicating a trend towards gold investment [2]. - There are currently 47 wealth management products in the market that include "gold" in their names, with 16 of these being issued by bank wealth management subsidiaries [2]. Group 2: Product Structure - The gold-linked wealth management products primarily adopt a closed-end operation model, focusing on fixed-income investments [2]. - These products can be categorized into two types: "fixed income + gold" products that combine fixed-income assets with gold investments, and structured products linked to gold derivatives [2]. Group 3: Future Outlook - The number of bank wealth management subsidiaries participating in gold investment is currently limited, but demand for gold as a hedge against risk is expected to grow, leading to more banks exploring gold investment strategies [3]. - The ongoing rise in gold prices is anticipated to continue in the medium to long term, driven by factors such as geopolitical risks, strong central bank demand for gold, and persistent market expectations for interest rate cuts [4]. Group 4: Investor Guidance - Investors are advised to carefully assess their risk tolerance and investment goals when selecting gold-linked products, as these products are better suited for long-term asset allocation rather than short-term speculation [5][6]. - Key considerations for investors include matching investment objectives with product risks, understanding product structures, and being aware of fees and operational rules associated with these products [6].

Core Viewpoint - The recent surge in gold prices has led to an increase in the issuance of gold-linked wealth management products by bank wealth management subsidiaries, driven by the growing investment value of gold and the rising demand for stable return products [1][2]. Group 1: Market Trends - As of September 5, the price of gold reached $3,552.701 per ounce, surpassing the key level of $3,500, prompting banks to issue more gold-related wealth management products [1]. - Several banks, including 招银理财 and 光大理财, have launched gold-linked wealth management products in recent weeks, contributing to the growing popularity of gold investment [2]. - Currently, there are 47 wealth management products in the market that include "gold" in their names, with 16 of these being issued by bank wealth management subsidiaries this year [2]. Group 2: Product Structure - The gold-linked wealth management products primarily adopt a closed-end operation model, focusing on fixed-income investments [2]. - There are two main types of gold-linked products: one combines fixed income with gold assets, while the other is structured products linked to gold derivatives [2]. Group 3: Future Outlook - The number of bank wealth management subsidiaries participating in gold investment is currently limited, but demand for gold as a hedge against risk is expected to rise, leading to more exploration of gold investment strategies [3]. - The ongoing increase in gold prices is attributed to factors such as geopolitical risks, strong central bank interest in gold, and persistent market expectations for interest rate cuts [4]. Group 4: Investor Guidance - Experts advise investors to approach the rising gold prices with caution and to consider the suitability of gold-linked products for long-term asset allocation rather than short-term speculation [5][6]. - Key considerations for investors include matching investment goals with product risks, understanding product structures, and being aware of fees and operational rules [5][6].