高盛:2026大宗商品展望-黄金为王,看好铜胜过铝和锂,AI竞赛和电力浪潮主宰商品市场!

水木纪要
Dec 27, 2025

更多一手调研纪要和海外投行研报数据,点击上面图片小程序中美人工智能与地缘政治权力竞赛,以及全球能源供应波动,是我们核心观点的重要支撑,涵盖看涨黄金的建议、大宗商品的对冲价值,以及对能源与工业金属的相对价值判断。宏观层面,中美人工智能与地缘政治权力竞赛推动以下趋势:看涨黄金交易建议:新兴市场央行进一步增持黄金以分散地缘政治风险,我们基准预测显示,到 2026 年 12 月金价将上涨 14% 至 ...

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