市场加大对黄金的看涨押注,金价短期飙升
关键词:金价短期飙升
金价不断飙升,对冲基金再次增加对黄金看涨的押注,根据最新的CFTC数据,对冲基金持有的黄金多仓持续增加,同时也是连续第三周地增加,金价上涨趋势目前未有阻力。
在过去一周,黄金价格呈现“井喷”走势,实现六年来首次站上1400美元大关 。此外,以多种货币计价的黄金价格都创下了多年新高。ETF投资者也在大举涌入金市。全球最大黄金ETF——SPDR Gold Trust持仓本月迄今已经增加近60吨。
分析师示,突破1400之后,短期内除了看多黄金外,没有其它。盛宝银行商品策略主管Ole Hansen称,对低增长和低利率的关注,是金价上涨的有力因素。
目前的宏观背景下,黄金市场继续获得支撑。美联储加息周期结束,给出降息的信号,下半年黄金获得支撑。并且在美国经济增长放缓背景下的降息,意味着美元上行受限,也降低了黄金的持有成本。贝莱德称,美联储表示出为降低借贷成本做好了准备后,金价创下2013年以来最高水平的涨势可能还有更进一步的空间;美联储降息将使得实际利率保持在较低水平,并令美元承压。
分析师称,“金价年底或以更高水平收官,如果我们继续看到美联储向放松货币政策倾斜,那么我认为金价可以从当前水平上涨,”短期内可能出现一些回调和盘整。
受全球央行基调变得更鸽派影响,全球经济增长放缓,投资者因此寻求避风港,黄金随而重新受到关注。虽然美联储上周三维持关键利率不变,但删除了在利率方面保持“耐心”的语言,并预测今年将与2%的通胀目标离得更远。美元走弱,抹去了2019年的涨幅。
如果美联储的更宽松政策打压美元,在这个环境中,其他条件相同的话,那么就利好黄金,如果有意外的话,美联储的宽松力度可能比人们想象的要大,那么黄金可能迎来一个特别强劲的时期。
抛售行为似乎已经完成,金价将出现以下情况之一:被抛售至一个新的支撑位,在1400美元左右盘整,或者跌破(支撑)并逆转趋势。根据我们目前所看到的情况,最有可能出现的情况是金价企稳并继续上涨。
本文来源: 大田环球贵金属
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