“货币贬值交易”再度升温 金矿股创数十年来最佳8月表现

格隆汇
Sep 01
过去一个月,金矿股近乎垂直上涨,吸引了此前因华盛顿政策制定者释放不同信号而频繁遭遇市场波动的投资者重新入场。地缘政治动荡和财政不确定性推动金矿股在八月创下至少自1994年以来的最佳表现,涨幅超过现货黄金的三倍多。尽管美联储主席沃什承诺抑制通胀后,市场在8月底经历剧烈波动,但纽约证交所Arca金矿股指数仍上涨33%,从3月创下的历史高点回落39%后强劲反弹。VanEck黄金矿业ETF(GDX)录得2月以来最高的月度资金流入。而金价本身在8月份仅上涨了10%。美国财政部试图压低长期借贷成本,促使投资者重新涌向黄金及相关资产。由于成本相对固定,矿业公司能够放大金价上涨带来的收益,因此被视为押注贵金属进一步上涨的杠杆工具。

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