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中信证券:预测年底金价有望超过 3730 美元

2025-09-04 08:31:22

ChainCatcher 消息,据金十数据援引中信证券研报称,4 月底以来黄金处在震荡市中,我们认为是关税冲击、美国财政、地缘政治、央行购金等因素形成了复杂的多空平衡。但这些因素的改变有望开启黄金上行趋势。

关税的预期好转可能暂告一段落,而对滞胀的影响可能刚开始体现;年内地缘风险明显下降的可能性较小;美联储可能开启提前曲线降息;全球央行的购金趋势稳定。中性假设下,我们的模型预测年底金价有望超过 3730 美元/盎司。

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