南华期货:中长期来看铂钯牛市基础仍存

财经网
Feb 13

中长期来看,铂钯牛市基础仍存。2026年上半年美联储预计维持宽松基调,央行购金、避险及投资需求将持续推升贵金属价格中枢。沃什获提名美联储主席虽引发市场担忧(缩表或提振美元信用、松动贵金属支撑逻辑),但实际影响有限:一是AI尚未实现颠覆性突破,美国不具备复刻“沃尔克时刻”的条件;二是特朗普中期选举压降长端利率的诉求,与缩表推升期限溢价、带动长端利率上行存在冲突。美联储去年12月已扩表、流动性边际改善...

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