中金:黄金支撑位在4200-4500美元附近

格隆汇
4 hours ago
中金研报称,美联储不加息的空间大于加息,目前更多类似上行空间不确定的看多期权。仅仅基于美债利率和美元的静态测算看,我们测算黄金支撑位在4200-4500美元附近。除非连续加息,黄金的下行压力相对可控,但上行空间也需要更多宏大的叙事。美联储不加息可以给黄金营造出信任丧失和去美元化的宏大叙事,而加息恰恰削弱了这一叙事,所以上行空间不如不加息时大,得等待更多叙事催化。

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