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Yuvi.
$XAU,黄金在高利率下失去支撑了吗?高实际利率会抬高持有黄金的机会成本,但避险需求、央行买盘和美元走势也会改变定价。当前通胀粘性令降息预期受限,黄金需要其他需求来源接力。若美元回落、避险资金和央行需求保持,金价可消化利率压力;若实际收益率继续上升且避险溢价消退,趋势判断应转谨慎。
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