中东冲突进入第六天且尚无解决迹象,但受美元走强及货币宽松幅度可能收窄的影响,金价下跌。
在美国交易时段,黄金价格最多下跌1.5%。能源价格上涨引发的通胀担忧推高了美元和美债收益率。高通胀可能促使美联储维持利率不变,甚至加息以抑制物价压力。
掉期交易员目前预计,到年底美联储将降息约35个基点,而上周末的预期为60个基点。由于黄金不产生利息,这一预期变化对金价构成利空。
部分投资者也抛售黄金,以此获取流动性来弥补在美国股市的损失。
荷兰国际集团(ING)大宗商品策略师埃娃・曼特表示,黄金的部分跌势“看起来是由股市带动的风险偏好回升所驱动,尤其是在美国交易时段,投资者将黄金当作流动性来源,而非对黄金基本面产生质疑”。
“一旦股市动能消退,这种抛售压力往往会缓解,黄金整体的支撑逻辑依然完好。”
受地缘政治与贸易紧张局势加剧,以及对美联储独立性担忧的支撑,黄金今年以来已上涨约五分之一。金价在1月下旬创下每盎司5595美元以上的历史新高。
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