國際金價在4500美元附近徘徊，中期上行邏輯還穩固嗎？

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　　【環球網財經綜合報道】據經濟參考報，近期，國際金價在4500美元/盎司附近徘徊。金價的未來趨勢，以及黃金股的股價表現，仍然是資本市場的關注焦點。

　　財經評論員、金董匯首席經濟學家邢星稱，今年黃金市場呈現出行情走勢與企業業績明顯背離的特徵，國際金價整體維持高位箱體運行，年內波動節奏起伏不定，直接帶動A股黃金上市公司板塊同步出現集體回撤。

　　邢星還提到：「反觀產業基本面卻保持穩健向好態勢，並未跟隨股價同步走弱，意味着黃金行業中長期成長邏輯未發生動搖。」

　　但三立新聞網發文稱，金價連續第二周錄得周線下跌，主要受國際油價上漲帶動的能源成本上升和通脹預期增強影響。利率前景加息的押注也削弱了黃金的吸引力。美國10年期公債殖利率高位徘徊，進一步壓制黃金。

　　中泰證券近期的研報則分析指出，黃金中期上行邏輯穩固，美元信用體系邊際弱化與實際利率下行預期構成核心支撐。

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src=\"http://image.sinajs.cn/n/hf/min/640x360xxfhd/XAU.png\"/>\n</div>\n<div>\n<div>\n<span>熱點欄目</span>\n<s></s>\n自選股\n數據中心\n行情中心\n資金流向\n模擬交易\n</div>\n客戶端\n</div>\n</div>\n<p>　　【環球網財經綜合報道】據經濟參考報，近期，國際<span>金價</span><span></span>在4500美元/盎司附近徘徊。金價的未來趨勢，以及黃金股的股價表現，仍然是資本市場的關注焦點。</p>\n<p>　　財經評論員、金董匯首席經濟學家邢星稱，今年黃金市場呈現出行情走勢與企業業績明顯背離的特徵，國際金價整體維持高位箱體運行，年內波動節奏起伏不定，直接帶動A股黃金上市公司板塊同步出現集體回撤。</p>\n<p>　　邢星還提到：「反觀產業基本面卻保持穩健向好態勢，並未跟隨股價同步走弱，意味着黃金行業中長期成長邏輯未發生動搖。」</p>\n<p>　　但三立新聞網發文稱，金價連續第二周錄得周線下跌，主要受國際油價上漲帶動的能源成本上升和通脹預期增強影響。利率前景加息的押注也削弱了黃金的吸引力。美國10年期公債殖利率高位徘徊，進一步壓制黃金。</p>\n<div>\n<div><img src=\"http://n.sinaimg.cn/spider20260525/308/w715h393/20260525/1191-c3c4ca4d6d713d55a79bcca1306d08c1.png\"/><span></span></div>\n</div>\n<p>　　<a href=\"https://laohu8.com/S/600918\">中泰證券</a>近期的研報則分析指出，黃金中期上行邏輯穩固，美元信用體系邊際弱化與實際利率下行預期構成核心支撐。</p>\n<div>\n<span>新浪合作大平台期貨開戶 安全快捷有保障</span>\n<img src=\"\"/>\n</div>\n<div>\n<div><img src=\"\"/></div>\n<div>海量資訊、精準解讀，盡在新浪財經APP</div>\n</div>\n<p>責任編輯：朱赫楠 </p>\n</div></body></html>\n<div class=\"bt-text\">\n\n\n<p> 來源：<a href=\"https://finance.sina.com.cn/jjxw/2026-05-25/doc-inhzamvr5188387.shtml\">環球網</a></p>\n<p>為提升您的閱讀體驗，我們對本頁面進行了排版優化</p>\n\n\n</div>\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SGDM","symbol_name":"Sprott Gold Miners 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solid?","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DGZ":0.6,"GLDM":1.5,"SHNY":1.5,"GLD":0.6,"IAUM":1.5,"GDXD":1.5,"CEF":1.5,"DUST":1.5,"USG":1.5,"DBC":1.5,"SGOL":1.5,"SGDM":1.5,"UDN":1.5,"JNUG":1.5,"JDST":1.5,"BAR":1.5,"GOAU":1.5,"IAUI":1.5,"YGLD":0.6,"GDXY":1.5,"BTGD":1.5,"UUP":1.5,"DZZ":1.5,"AAAU":1.5,"BEGS":1.5,"BGLD":0.6,"FGDL":1.5,"MGCmain":1.5,"IAU":1.5,"KGLD":0.6,"RING":1.5,"UYM":1.5,"GLL":1.5,"DGP":1.5,"GLDY":0.6,"GDXJ":1.5,"GLTR":1.5,"DULL":1.5,"GOLY":1.5,"GDX":1.5,"OUNZ":1.5,"IGLD":0.6,"PHYS":1.5,"GDXU":1.5,"PALL":1.5,"UGL":1.5,"GBUG":1.5},"content_text":"熱點欄目\n\n自選股\n數據中心\n行情中心\n資金流向\n模擬交易\n\n客户端\n\n\n　　【環球網財經綜合報道】據經濟參考報，近期，國際金價在4500美元/盎司附近徘徊。金價的未來趨勢，以及黃金股的股價表現，仍然是資本市場的關注焦點。\n　　財經評論員、金董匯首席經濟學家邢星稱，今年黃金市場呈現出行情走勢與企業業績明顯背離的特徵，國際金價整體維持高位箱體運行，年內波動節奏起伏不定，直接帶動A股黃金上市公司板塊同步出現集體回撤。\n　　邢星還提到：「反觀產業基本面卻保持穩健向好態勢，並未跟隨股價同步走弱，意味着黃金行業中長期成長邏輯未發生動搖。」\n　　但三立新聞網發文稱，金價連續第二周錄得周線下跌，主要受國際油價上漲帶動的能源成本上升和通脹預期增強影響。利率前景加息的押注也削弱了黃金的吸引力。美國10年期公債殖利率高位徘徊，進一步壓制黃金。\n\n\n\n　　中泰證券近期的研報則分析指出，黃金中期上行邏輯穩固，美元信用體系邊際弱化與實際利率下行預期構成核心支撐。\n\n新浪合作大平台期貨開户 安全快捷有保障\n\n\n\n\n海量資訊、精準解讀，盡在新浪財經APP\n\n責任編輯：朱赫楠","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}