港A黃金股普漲，紫金礦業升逾5%
A股黃金板塊延續上週五漲勢，今日早盤全線拉昇後持續走高。截至發稿，紫金礦業5.6%領漲板塊，赤峯黃金漲3.5%，銀泰黃金漲2.4%，恆邦股份、*ST榮華、中潤資源等跟漲。
數據來源：同花順
港股黃金板塊今日亦漲勢強勁，紫金礦業漲4.4%，中國黃金國際漲近7%，招金礦業漲2.3%。
消息面上，隨着美元跌至近三週低點，上週現貨黃金三日連漲，週五曾升至1930.38美元/盎司，創9月21日以來最高。最終收漲1.93%，報1929.75美元，帶動美股黃金股集體上漲。今日美元指數延續弱勢，現報93點。現貨金價稍有回落，微跌0.17%，截至發稿報1927.29美元。
從宏觀層面看，近期現貨黃金反彈的驅動因素，一方面在於隨着流感多發的秋冬季節到來，全球疫情再度升温。數據顯示，10月10日全球新增383359例，單日新增病例數量再破記錄。疫情引發的經濟衰退，或使全球迎來更為寬鬆的貨幣政策；
另一方面，隨着大選臨近，特朗普同意上調刺激規模。10月10日，美國財政部長姆努欽將向國會眾議院遞交1.8萬億美元規模刺激計劃方案。特朗普還稱，將支持規模更大的刺激方案。
疫情回升與財政刺激規模超預期兩方面因素均利空美元，促使投資者為尋求避風港買入黃金，以對衝可能出現的通脹風險。
黃金是傳統對衝貨幣貶值的工具，今年以來，現貨金價多次突破歷史高位，截至上週五，已累計上漲逾27%。展望未來，四季度現貨金價走勢不確定性較強，疫情主線下，需持續關注美國總統大選、財政救助措施前景、地緣博弈等多方面風險因素。
天風證券發表研報稱，從中長期來看，美聯儲9月議息會議上調了平均增長預期以及通脹預期，體現出美聯儲對於通脹的容忍性進一步增強，美聯儲資產負債表的擴張週期並未結束，因此我們認為貴金屬本輪牛市的邏輯並未發生實質性改變。
中原證券表示，不確定性事件或對市場或構成衝擊，黃金經過調整後趨於穩定。四季度是年度穩增長的關鍵時期，10月消費旺季，有色金屬行業或迎來反彈。繼續給予行業“同步大市”評級，建議關注黃金等板塊。
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