黄金市场的主导变量正在从“买不买”转向“波动有多大”。高盛认为,私营部门通过黄金看涨期权结构表达的多元化需求推升了金价波动,并在短期内压制了央行购金节奏,但这一下降应是暂时的。 高盛分析师Lina Thomas和Daan Struyven在本周报告中指出,看涨期权需求上升迫使卖出期权的交易商在上涨过程中被动买入黄金对冲,从而机械性放大涨幅。更关键的是,即便只是小幅回调,也可能促使交易商从“逢高买入...
Source Link黄金市场的主导变量正在从“买不买”转向“波动有多大”。高盛认为,私营部门通过黄金看涨期权结构表达的多元化需求推升了金价波动,并在短期内压制了央行购金节奏,但这一下降应是暂时的。 高盛分析师Lina Thomas和Daan Struyven在本周报告中指出,看涨期权需求上升迫使卖出期权的交易商在上涨过程中被动买入黄金对冲,从而机械性放大涨幅。更关键的是,即便只是小幅回调,也可能促使交易商从“逢高买入...
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