我国黄金市场投资分析报告
文章摘要:2013年,国际黄金市场经历了新一轮的嬗变,黄金失去了“避险天堂”的地位,结束了持续12年的趋势性上涨行情。这是因为,一方面,以美国为代表的发达经济体经济情况持续改善,美联储决定开始缩减量化宽松规模,资产负债表扩张不再是支撑黄金价格的理由;另一方面,新兴市场表现惨淡,更凸显美元及其他风险资产的投资价值,资金持续从黄金资产流出。在众多利空因素打压下,国际现货黄金价格全年下跌28.04%。在此背景下,中国黄金市场逆势加强:交易所黄金产品成交量屡创新高... 展开
Abstract:The gold market has shown extremely weakness in 2013. The uptrend of gold price which lasted twelve years is over,at least most of investors think so. The U.S. Federal Reserve Board begins tapering Quantitative Easing (QE) at the end of 2013 as the U.S. and Europe struggled to recover. The increase in the size of balance sheet of the central bank is no longer the strong support of gold price. On the other hand,emerging markets,es... 展开