按老剧本，中东开炮、油价狂飙，黄金该躺赢。现实却反着来：金价前一交易日重挫百分之一点八，创下8月初以来新低，今早只在每盎司4300美元上方勉强稳住。
彭博社指出，问题出在一条更硬的逻辑链上。战事推油价——布伦特已逼近每桶108美元；油价推通胀——美国上月生产者价格指数环比上涨百分之零点四，创5月以来最大；通胀又推高加息押注——利率互换市场目前给美联储下周会议开出的加息概率约七成。黄金不生息，最怕的就是收益率往上走，偏偏这两天美债收益率还在猛蹿。
雪上加霜的是财政部长贝森特。他亲自下场搞非常规干预，想稳住债市、压住长端收益率，结果财政部首次扩大回购的操作量低于预期，市场直接怀疑这招灵不灵。美元的走强，又在伤口上补了一刀。
贵金属里更惨的是白银：周四一天崩了百分之五点五，创6月以来最大跌幅，今早还在继续阴跌。
今晚（9月11日）才是真正的关口。美国消费者价格指数即将公布，黄金的多空将迎来直接摊牌——4300守不守得住，加息押注动不动得了，答案都不远了。（国际财闻汇）
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.