Post
Yuvi.
$GLD
黄金面对非农，最怕的是哪种组合？
就业报告将在今晚提供工资与劳动力市场信息。较强增长如果同时推高实际利率和美元，黄金会面临持有机会成本上升；较弱增长也可能先触发现金需求，而非立即带来买盘。
我关注实际利率与黄金资金流。若二者共同支持，避险解释更可信；若金价上涨却资金持续流出，我会谨慎评估延续性。
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