黄金股受压山东黄金(01787)跌5.89% 摩通指短期内黄金仍可能面临进一步下行压力

金吾财讯

12 hours ago

金吾财讯 | 黄金股受压，截至发稿，山东黄金(01787)跌5.89%，赤峰黄金(06693)跌5.46%，紫金黄金国际(02259)跌5.10%，中国黄金国际(02099)跌5.00%，灵宝黄金(03330)跌4.89%，紫金矿业(02899)跌4.39%。消息面上，伊朗冲突爆发两周以来，黄金价格不涨反跌，较开战前累计下跌约6%。摩根大通对此表示，黄金在市场压力骤升初期被"一并抛售"，是有据可查的历史规律，而非避险功能失效的信号；历史数据表明，这一初期回调往往构成战术性买入机会，金价通常在随后数个交易日内迅速反弹并收复失地。该机构续指，本轮黄金抛售由多重因素叠加驱动：能源价格飙升推高通胀预期，促使市场大幅压低对美联储降息的预期，叠加美元急速反弹，形成近期的直接利空背景。然而，该行认为最主要的推手是股市波动加剧引发的广泛去风险化——当VIX指数高企并持续攀升时，投资者在保证金追缴、组合再平衡和VaR冲击的叠加压力下被迫全面筹措流动性，黄金持仓首当其冲遭到抛售，全球黄金ETF持仓上周随之出现明显流出。短期内，摩根大通警告黄金仍可能面临进一步下行压力，尤其是若股市更剧烈地定价全球经济前景恶化，将触发新一轮去风险浪潮，利率市场继续消化美联储降息预期也可能带来额外拖累。

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href=\"https://laohu8.com/S/600547\">山东黄金</a>(01787)跌5.89%，<a href=\"https://laohu8.com/S/600988\">赤峰黄金</a>(06693)跌5.46%，<a href=\"https://laohu8.com/S/02259\">紫金黄金国际</a>(02259)跌5.10%，<a href=\"https://laohu8.com/S/02099\">中国黄金国际</a>(02099)跌5.00%，灵宝黄金(03330)跌4.89%，<a href=\"https://laohu8.com/S/601899\">紫金矿业</a>(02899)跌4.39%。消息面上，伊朗冲突爆发两周以来，黄金价格不涨反跌，较开战前累计下跌约6%。<a href=\"https://laohu8.com/S/JPM\">摩根大通</a>对此表示，黄金在市场压力骤升初期被\"一并抛售\"，是有据可查的历史规律，而非避险功能失效的信号；历史数据表明，这一初期回调往往构成战术性买入机会，金价通常在随后数个交易日内迅速反弹并收复失地。该机构续指，本轮黄金抛售由多重因素叠加驱动：能源价格飙升推高通胀预期，促使市场大幅压低对美联储降息的预期，叠加美元急速反弹，形成近期的直接利空背景。然而，该行认为最主要的推手是股市波动加剧引发的广泛去风险化——当VIX指数高企并持续攀升时，投资者在保证金追缴、组合再平衡和VaR冲击的叠加压力下被迫全面筹措流动性，黄金持仓首当其冲遭到抛售，全球黄金ETF持仓上周随之出现明显流出。短期内，摩根大通警告黄金仍可能面临进一步下行压力，尤其是若股市更剧烈地定价全球经济前景恶化，将触发新一轮去风险浪潮，利率市场继续消化美联储降息预期也可能带来额外拖累。</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" 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style=\"background-image:url(https://static.tigerbbs.com/19a93586c3b023ec6ebfed568990555c);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">金吾财讯 </p>\n<p class=\"h-time\">2026-03-16 09:51</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>金吾财讯 | 黄金股受压，截至发稿，<a href=\"https://laohu8.com/S/600547\">山东黄金</a>(01787)跌5.89%，<a href=\"https://laohu8.com/S/600988\">赤峰黄金</a>(06693)跌5.46%，<a href=\"https://laohu8.com/S/02259\">紫金黄金国际</a>(02259)跌5.10%，<a href=\"https://laohu8.com/S/02099\">中国黄金国际</a>(02099)跌5.00%，灵宝黄金(03330)跌4.89%，<a href=\"https://laohu8.com/S/601899\">紫金矿业</a>(02899)跌4.39%。消息面上，伊朗冲突爆发两周以来，黄金价格不涨反跌，较开战前累计下跌约6%。<a href=\"https://laohu8.com/S/JPM\">摩根大通</a>对此表示，黄金在市场压力骤升初期被\"一并抛售\"，是有据可查的历史规律，而非避险功能失效的信号；历史数据表明，这一初期回调往往构成战术性买入机会，金价通常在随后数个交易日内迅速反弹并收复失地。该机构续指，本轮黄金抛售由多重因素叠加驱动：能源价格飙升推高通胀预期，促使市场大幅压低对美联储降息的预期，叠加美元急速反弹，形成近期的直接利空背景。然而，该行认为最主要的推手是股市波动加剧引发的广泛去风险化——当VIX指数高企并持续攀升时，投资者在保证金追缴、组合再平衡和VaR冲击的叠加压力下被迫全面筹措流动性，黄金持仓首当其冲遭到抛售，全球黄金ETF持仓上周随之出现明显流出。短期内，摩根大通警告黄金仍可能面临进一步下行压力，尤其是若股市更剧烈地定价全球经济前景恶化，将触发新一轮去风险浪潮，利率市场继续消化美联储降息预期也可能带来额外拖累。</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"XME","symbol_name":"金属与采矿指数ETF-SPDR","start_time":0,"source_url":"1976516","article_id":"2619487101","we_media_id":"1086022552","thumbnails":["https://static.szfiu.com/news/20241108/NmNiNTg2NTUyNjE5NjAwNw==.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2619487101","pubTimestamp":1773625888,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"金吾财讯","introduction":"「金吾财讯」以精准用户需求为切入点，打造一站式港美股投资细分领域品牌。依托战略合作伙伴凤凰网财经，将港美股内容传播到全球华人圈。","home_visible":1,"id":"1086022552","head_image":"https://static.tigerbbs.com/19a93586c3b023ec6ebfed568990555c"},"summary":"金吾财讯 | 黄金股受压，截至发稿，山东黄金 跌5.89%，赤峰黄金跌5.46%，紫金黄金国际跌5.10%，中国黄金国际跌5.00%，灵宝黄金跌4.89%，紫金矿业跌4.39%。短期内，摩根大通警告黄金仍可能面临进一步下行压力，尤其是若股市更剧烈地定价全球经济前景恶化，将触发新一轮去风险浪潮，利率市场继续消化美联储降息预期也可能带来额外拖累。","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"zh","relate_stocks":{"159562":"黄金股","159831":"黄金","159934":"黄金ETF","518880":"黄金ETF华安","600547":"山东黄金","XME":"金属与采矿指数ETF-SPDR","LU1280957306.USD":"THREADNEEDLE (LUX) US CONTRARIAN CORE EQUITIES \"AUP\" (USD) INC","GLL":"2倍做空黄金ETF-ProShares","DZZ":"德银黄金两倍做空ETN","03330":"灵宝黄金(一百)","LU2097828474.EUR":"AZ EQUITY CHINA \"A\" (EUR) ACC A","02099":"中国黄金国际","PALL":"abrdn Physical Palladium Shares ETF","DUST":"二倍做空黄金矿业指数ETF-Direxion","LU1242518931.SGD":"Fullerton Lux Funds - Asia Absolute Alpha A Acc SGD","GLDM":"SPDR Gold MiniShares Trust","IE00BWXC8680.SGD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A5\" (SGD) ACC","IAU":"黄金信托ETF-iShares","SGOL":"Abrdn Gold ETF Trust","GDX":"黄金矿业ETF-VanEck","LU0370786039.SGD":"Fidelity Greater China 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黄金股受压，截至发稿，山东黄金(01787)跌5.89%，赤峰黄金(06693)跌5.46%，紫金黄金国际(02259)跌5.10%，中国黄金国际(02099)跌5.00%，灵宝黄金(03330)跌4.89%，紫金矿业(02899)跌4.39%。消息面上，伊朗冲突爆发两周以来，黄金价格不涨反跌，较开战前累计下跌约6%。摩根大通对此表示，黄金在市场压力骤升初期被\"一并抛售\"，是有据可查的历史规律，而非避险功能失效的信号；历史数据表明，这一初期回调往往构成战术性买入机会，金价通常在随后数个交易日内迅速反弹并收复失地。该机构续指，本轮黄金抛售由多重因素叠加驱动：能源价格飙升推高通胀预期，促使市场大幅压低对美联储降息的预期，叠加美元急速反弹，形成近期的直接利空背景。然而，该行认为最主要的推手是股市波动加剧引发的广泛去风险化——当VIX指数高企并持续攀升时，投资者在保证金追缴、组合再平衡和VaR冲击的叠加压力下被迫全面筹措流动性，黄金持仓首当其冲遭到抛售，全球黄金ETF持仓上周随之出现明显流出。短期内，摩根大通警告黄金仍可能面临进一步下行压力，尤其是若股市更剧烈地定价全球经济前景恶化，将触发新一轮去风险浪潮，利率市场继续消化美联储降息预期也可能带来额外拖累。","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}