港股异动 | 黄金股再度走强 理事建议美联储采取更鸽派立场 机构指黄金配置价值依旧突出

智通财经
Dec 23, 2025

智通财经APP获悉,黄金股再度走强,截至发稿,山东黄金(01787)涨5.25%,报38.06港元;招金矿业(02899)涨3.72%,报33.48港元;灵宝黄金(03330)涨3.54%,报19.57港元;赤峰黄金(06693)涨2.95%,报32.78港元。

消息面上,同花顺iFinD数据显示,12月22日,COMEX黄金盘中涨破4450美元,续刷新高。值得关注的是,近日,美联储理事米兰警告称,如果美国央行在明年不继续下调利率,可能会增加经济陷入衰退的风险。同时,米兰在接受采访时表示,近期就业数据已显示失业率“可能高于此前市场预期”,这类信号足以推动美联储政策继续向宽松方向调整。诺安基金认为,全球主要国家财政政策的扩张、央行增持、美元资产再配置需求、欧美央行降息仍将是黄金中长期的上行逻辑。

鑫元基金表示,往后看,黄金牛市基础未改,但短期波动或加剧。若后续美国核心PCE继续回落,将巩固2026年上半年两次25 bp降息预期,金价有望再试4400美元整数关口。中长期而言,特朗普即将提名新任美联储主席,市场普遍预期其立场更鸽;叠加美国财政赤字扩张、债务规模高企及通胀不确定性,实际利率与美元指数预计进入下行周期,黄金配置价值依旧突出。

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