金价新高,然后呢?

Global Macro Strategy
Sep 18, 2025

关注、加星,第一时间接收推送!文| 赵伟、陈达飞、李欣越、王茂宇、赵宇联系人 |李欣越摘要8月以来,金价持续上行、再创历史新高。然而,本轮金价上涨或主由欧美投资者推动,亚盘投资者未现“接力”。不同区域投资者配置分化的原因、后续演绎对金价的影响?供参考。原标题:金价,新高之后的“隐忧”?(一)近期黄金创新高的主因?美联储降息预期升温,叠加联储“独立性”叙事催化8月下旬以来,黄金大幅上涨,主因降息预期...

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