金价从高位回落,实物供应担忧加强
关键词:实物供应担忧加强
在4月7日的现货黄金市场中,金价出现回落,原因在于全球疫情的病例增加速度有所缓和,提振了全球股市,黄金的避险作用有了一定降低,同时纽约金价比伦敦市场贵了许多,这一价差被市场认为是期货合约转为实物的成本。
正告诉我们的是,疫情或将结束,但世界绝不是运转良好的,也绝不是能让人冒险的”;他还补充称,对长期内出台更多刺激措施、降低利率的预期将继续支撑金价。
COMEX 6月黄金期货收跌0.6%,报1683.70美元/盎司;继续高于伦敦现货金价格,伦敦现货金价大约为1649美元,暗示市场担心炼厂关闭及物流限制可能妨碍金条向美国付运,以至于无法满足合约规定。
自上周末以来,芝商所(CME Group)纽约金库黄金库存已跃升近50%,因该交易所此前推出一份新合约,且自疫情爆发以来,价格升水鼓励交易商囤积黄金。
大约两周前发生了类似的分化,因为冠状病毒危机中断了供应链并导致航班取消,在4月期货合约即将可以交割之际令市场担忧纽约金条短缺。最后,包括摩根大通在内的银行提供了更多黄金,交易所库存升至满足交割需求绰绰有余的水平。
然而,价差的再度扩大表明,投资者依然担心供应中断,即使当前主力期货合约的交割时间(6月)还很早。大田环球称,都是供应物流的问题,当几周内有更多提炼厂复工时,预计价差将回落,至少恢复到更正常水平。
本文来源: 大田环球贵金属
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