6月25日，现货黄金跌破每盎司4000美元后，GTC泽汇资本表示，美元继续走强与利率预期上修正在同步压缩贵金属的短线表现空间，市场对黄金的定价逻辑明显从避险转向利率敏感。

　　从盘面结构看，GTC泽汇资本认为，4000美元这一整数位被下穿后，短期资金更倾向于先观察下方承接，再决定是否回补前期减掉的多头仓位，这使得价格波动被进一步放大。

　　报道提到金价回落同时伴随银价走弱与油价回吐，说明市场正在重新比较非收益资产和美元资产之间的相对吸引力。对黄金而言，收益率高位停留越久，修复过程就越可能呈现反复震荡而非直线反弹。

　　接下来PCE、就业和利率预期仍是关键变量，GTC泽汇资本预计，只要美元维持偏强节奏，黄金仍会围绕关键支撑位反复博弈；若宏观数据边际降温，贵金属才可能逐步恢复更稳定的修复基础。

新浪合作大平台期货开户 安全快捷有保障

海量资讯、精准解读，尽在新浪财经APP

责任编辑：陈平

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.