【券商聚焦】招商证券:AH黄金股估值回落后具修复空间;白银板块静待流动性改善催化

金吾财讯
Oct 21

金吾财讯 | 招商证券发布研报称,黄金板块短期受美联储紧缩预期反复影响,金价阶段性承压,但全球央行持续购金、美元信用弱化以及避险需求仍构成长期支撑。若后续美联储紧缩节奏放缓,黄金价格有望阶段性企稳回升,AH黄金股估值回落后具备修复空间。该机构同时指出,白银板块供需缺口延续,静待流动性改善催化。本轮白银需求受光伏、电子及实物投资共同支撑,全球库存仍处低位,若美联储紧缩节奏放缓,白银金融属性与工业属性有望形成共振,银价将有所企稳。

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