美债收益率持续上升,金价回吐涨幅
关键词:金价回吐涨幅
3月11日,现货黄金回吐之前的涨幅,因为美国国债收益率上升,同时美国总统拜登签署的1.9万亿美元的疫情纾困法案,也让市场有了更多的乐观情绪,对于具有避险作用的黄金没有太多的兴趣。
分析师称,近几周国债收益率一直在上升,因市场担心问题通胀会浮现,因过去一年全球主要经济体纷纷大开资金闸门。
数据显示,美国上周初请失业金人数降至四个月低点,因公共卫生环境改善使更多经济部门得以重启,就业市场复苏重回正轨。上述好于预期的数据提振10年期美国国债收益率突破1.5%。美债收益率上升对黄金需求不利,因持有黄金没有利息。
更快的经济增长前景也抑制了避险需求,使得今年黄金价格下跌了9%以上。不过德国商业银行分析师Carsten Fritsch称,尽管疫苗接种进展已经减少了投资者对传统避险资产的兴趣,但从长期来看,拜登的经济一揽子计划可能给黄金带来巨大的“顺风”。
“新债王”冈拉克(Jeffrey Gundlach)认为,金价的下跌差不多结束了。长期来看,黄金是非常有意思的。我们的模型显示了黄金的公允价格在1761美元/盎司,下跌不太可能继续。
实际利率又一次走低,这对黄金是利好的。此外,近期美元的强劲表现也结束了,同样是利好黄金的。
本文来源: 大田环球贵金属
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