在最新发布的年度商品展望报告中,花旗大宗商品研究团队把焦点放在两个矛盾点上:一边是贵金属价格与矿山成本“脱钩”、利润率飙到几十年罕见;另一边是基本金属短期顺风仍在,但真正能讲中期故事的,集中在铜、铝以及它们背后的电力与AI叙事。据追风交易台消息,花旗分析师Max Layton等人对黄金的核心判断,是其定价锚正在发生结构性迁移:金价不再由边际开采成本主导,而是由全球对黄金的名义支出规模,与高度刚性的...
Source Link在最新发布的年度商品展望报告中,花旗大宗商品研究团队把焦点放在两个矛盾点上:一边是贵金属价格与矿山成本“脱钩”、利润率飙到几十年罕见;另一边是基本金属短期顺风仍在,但真正能讲中期故事的,集中在铜、铝以及它们背后的电力与AI叙事。据追风交易台消息,花旗分析师Max Layton等人对黄金的核心判断,是其定价锚正在发生结构性迁移:金价不再由边际开采成本主导,而是由全球对黄金的名义支出规模,与高度刚性的...
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