黄金:收益率上升导致连续大幅下跌 – 荷兰国际集团
荷兰国际集团(ING)的Ewa Manthey和Warren Patterson报告称,黄金已跌破4100美元/盎司,延续了创纪录的十个交易日下跌走势,因实际收益率上升和美元走强抵消了地缘政治的支撑。

荷兰国际集团(ING)的Ewa Manthey和Warren Patterson报告称,黄金价格已跌破4100美元/盎司,延续了创纪录的十连跌,因实际收益率上升和美元走强抵消了地缘政治的支撑。他们强调,黄金的走势将取决于通胀、货币政策预期和实际利率,而不仅仅是头条新闻。

尽管存在地缘政治紧张局势,仍创纪录的连跌

“黄金连续第十个交易日下跌——创下历史最长连跌纪录——今晨现货价格下跌超过1%。”

冲突加剧了通胀风险,强化了利率可能维持更高水平更长时间的预期,这对黄金等无收益资产构成阻力。

“自2月28日冲突开始以来,黄金每周均呈下跌趋势,因能源价格高企和地缘政治风险日益被更高的实际收益率和更强的美元所抵消。”

“近期的疲软也因被迫抛售而加剧,投资者为弥补投资组合中其他资产的亏损而清算黄金头寸,而非黄金长期基本面恶化所致。”

“短期内,黄金面临的风险增加。归根结底,黄金的方向将更多取决于这些事件如何影响通胀、货币政策预期和实际利率,而非仅仅是地缘政治头条。”

(本文由人工智能工具协助生成,编辑审核。)

Acuity Trading is a London-based fintech company founded in 2013 that specializes in AI-powered alternative data and sentiment analysis for trading and investments. They revolutionized the online trading experience by introducing visual news and sentiment tools, and today they continue to lead the fintech market with alpha-generating alternative data and highly engaging trading tools using the latest AI research and technology.
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