美联储或转变政策，黄金仍有望收复失地
自6月初接近今年高点之后，6月黄金价格令人失望，远低于每盎司1800美元的水平。今年4月和5月金市情绪一度出现逆转，应归咎于美联储的立场强硬。然而道明证券认为，在经历了四年多以来最糟糕的一个月后，金价仍有可能收复近期大部分失地。
美联储政策转变迹象令金价遭遇重挫
道明证券(TD Securities)商品策略主管Bart Melek表示：”就在金价从3月底低点反弹逾200美元至6月初1900美元区间时，市场传言再度转为看涨，美联储推动金价出现重大逆转。”
令市场措手不及的是，美联储承认通胀预期强于预期，并有可能最早在2013年加息两次。在6月份联邦公开市场委员会(FOMC)发布经济预测后的几天里，金价跌回了每盎司1770美元的区间，白银、铂金和钯金也遭到重挫。
但贵金属投资者目前不应放弃黄金。大田环球分析师表示，由于美联储在加息前专注于实现充分就业，黄金有时间弥补损失。
就业目标或阻碍美联储减码步伐，宽松政策及供应受制有利金价
Melek称：”尽管近期出现抛售，但我们判断，美联储继续强调充分就业的使命，应会令金价收复近期的大部分失地，如果产出缺口依然很大，美联储灵活的通胀目标以及愿意容忍较高通胀的意愿或许将支持美联储将超宽松的货币环境维持到2023年。”
Melek补充道：在实现充分就业还很遥远的环境下，美联储将保持非常宽松的政策。”美联储应在较长一段时间内保持收益率曲线处于高度宽松的实际利率环境，这对黄金和贵金属综合体有利。”
Melek指出：在供应方面，由于投资和工业需求依然强劲，各种矿场生产中断和其他制约因素将继续限制供应增长，有利金价。”
本文来源： 大田环球贵金属
最新内容
Risk Warning
Trading bullion and financial instruments carries significant risks and may not be suitable for all investors, requiring careful consideration of investment objectives, experience, and risk tolerance. Key risks include market volatility, leverage risks that can amplify gains or losses, liquidity issues that may prevent executing trades at desired prices, and technical failures in online trading systems. Prices fluctuate unpredictably, and past performance does not guarantee future results. CIDT Global Bullion Limited provides general market commentary but does not offer investment advice and is not liable for any losses incurred from reliance on its information, which may change without notice.
Jurisdiction Disclaimer
CIDT Global Bullion Limited's services are subject to local regulations and may not be available in all jurisdictions. Users are responsible for ensuring compliance with their local laws. Services are not provided in regions where they are prohibited by law, under international sanctions, or require licensing that the company does not hold. By using the platform, users confirm they are not in a restricted jurisdiction and accept full responsibility for legal compliance. The company reserves the right to decline or terminate services in restricted areas without prior notice.