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黄金通常被视为经济和地缘政治动荡期间的避险投资,上周经历了三年多来的最大单周跌幅。原因在于,市场担忧当选总统特朗普提议的关税政策可能引发通货膨胀,进而促使美联储放缓降息步伐。然而,本周一,黄金上涨了1.97%,以每盎司2612美元收盘,结束了连续六天的下跌趋势。

(XAUUSD每日价格图,来源:Trading View)
推动这一走势的一个关键因素是拜登总统宣布向乌克兰提供远程导弹,允许其深入打击俄罗斯领土。这一举措增加了对黄金的避险需求。
尽管特朗普当选总统尚未确认是否会延续拜登的政策,但他的一些亲近盟友已经公开反对。副总统当选人JD·万斯(JD Vance)和其他高级官员认为,美国应停止向乌克兰提供军事援助。
此外,市场普遍预计美联储将在12月实施第三次降息。然而,近期数据显示,通胀回落至2%的目标进展停滞。本周,至少有七位美联储官员将发表讲话,可能为未来货币政策提供更多线索。
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