黄金最近成为表现最好的资产类别,过去一年上涨了 50%。现在的关键问题是何时获利了结。与股票或债券不同,黄金缺乏确定“公允价值”的估值指标,这一决策很有挑战。有些人会建议使用实际利率,但证明难以应用(下图,已经背离),因为近期黄金价格的波动可能更多受地缘政治因素驱动,而非投资组合优化在本文中,我们回顾了历史上的地缘政治事件,以提供黄金走势的判断。以下是一些需要关注的“见顶信号”黄金一旦突破,通常会...
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