After the collapse of the gold market in the year of the monkey jumped wave intensified expected according to the Xinhua news agency after a sharp rise in the first 2 weeks after the market rose again with risk assets, risk aversion subsided makes gold was "back". Some institutions are expected to the year of the monkey market fluctuations or more frequently, "or" monkey city "features may be more obvious. The volatility of the global financial market before the Spring Festival holiday in China, the funds have been flowing into the gold market for hedging, but the festival with the main market to stabilize the stock market, and the crude oil market is affected by the freezing output message of Saudi Arabia, Russia and other oil producers, oil prices back to around $30 a barrel, risk aversion eased, then the price of gold fell sharply. At present, the gold ETF fund reflecting the change of the risk aversion has also been reduced after continuous holdings. On the 13 day, the world’s largest gold ETF fund SPDR holds 710.95 tons of gold, while the previous one climbed 716 tons of 11 months high. The price of gold fell at the beginning of the year to make gold investment returns narrowed to 13%, but since 2016 is still one of the highest returns of assets, gold and commodities are crude oil, copper and other commodities are collected over the same period the New York oil prices fell, the decline for the year is still more than 15%, has become an important factor in stimulating many commodities fell. It is worth noting that the soaring prices of gold market also makes real consumer market "out of step". "Before buying some gold bullion investors, hoping to sell at a high level to buy back the operation is not a minority, and jewelry consumers because of the price is not very sensitive, holiday consumption plan is still continuing."." China gold, a sales staff said. The World Gold Council previously released reports show that in 2015 the domestic market cumulative consumption of physical gold 985 tons, compared with the previous year, an increase of only 2%. "The world’s two largest physical consumption countries, India, the driving factors are different, domestic investors are more" buy up not buy down ", in the market expected interest rates rise, bad continued in the background, the situation is difficult to reproduce the situation where consumers buy into the market." Chaos futures analyst Sun Yonggang said. In addition, the gold consumption structure of the domestic market is changing. Shandong gold chief analyst Jiang Shu said that consumer behavior more rational, young consumers of gold jewelry fashion and design requirements are higher, including rose gold, platinum jewelry and other more diverse consumption will also squeeze the total demand for gold. A futures analyst believes that the gold market in the year or more frequent fluctuations in monkeys. On the one hand, the fluctuation of the financial market risk aversion to emerge, but historically, risk factors on the market promotion and cannot be sustained; on the other hand, as the most popular market index, investors expected the fed to raise interest rates may also be repeated, so as to promote the gold market oscillation. Disclaimer: this network all content, where the source: "futures daily" all text, images and audio and video data, copyright is the futures daily all, any media, websites or personal authorization shall not be reproduced, links, posting or otherwise copy issued issued without the network protocol. Media and websites authorized by this network protocol.

暴涨后再暴跌猴年金市波动料加剧   据新华社电 在经过前两周的大幅上涨后,随着风险资产市场重新上涨,避险情绪的消退使黄金被“打回原形”。一些机构预计猴年金市波动或更频繁,“上蹿下跳”的“猴市”特征可能更明显。   国内春节假期前全球金融市场的波动,使得资金纷纷流入黄金市场寻求避险,然而节后随着主要市场股市企稳,以及原油市场受沙特、俄罗斯等产油国冻结产量消息的影响,油价重新回到每桶30美元附近,避险情绪缓和,金价随即大幅回落。   目前,反映避险情绪变动的黄金ETF基金在连续的增持后也再现减持,13日,全球最大的黄金ETF基金SPDR持有的黄金量为710.95吨,而此前曾一度攀上716吨的11个月高位。   金价大跌使黄金年初来的投资回报缩窄至13%,不过依然是2016年以来回报最高的资产之一,和黄金同属大宗商品的原油、铜等商品同期大多收得下跌,其中纽约市场油价年内跌幅仍超过15%,成为拉动众多大宗商品下跌的重要因素。   值得注意的是,暴涨暴跌的金市也让实物消费市场“步调不一”。“之前购买投资金条的一部分投资者,希望能在高位脱手进行回购操作的不在少数,而饰品的消费者由于对价格并不十分敏感,节假日的消费计划依然在继续。”中国黄金一位销售人员表示。   世界黄金协会此前发布的报告显示,2015年国内市场累计消费实物黄金985吨,较前一年同比增长仅2%。“全球两大实物消费国中、印的驱动因素有所不同,国内投资者更多是‘买涨不买跌’,在市场预期利率回升、利空持续的背景下,消费者集中入市买入的情况很难再现。”混沌天成期货分析师孙永刚表示。   此外,国内市场的黄金消费结构也正发生变化。山东黄金首席分析师蒋舒表示,消费者的行为越来越理性,年轻消费者对金饰的时尚性和设计要求更高,包括玫瑰金、铂金饰品等更多样化的消费也会挤压黄金的总需求量。   一位期货分析师认为,猴年金市波动或更频繁。一方面,金融市场的波动使避险情绪不断涌现,但从历史上看,避险因素对金市的推动并不能持续;另一方面,作为市场最受关注的指标,投资者对美联储加息的预期也可能不断反复,从而推动黄金市场振荡加剧。   版权声明:本网所有内容,凡来源:“期货日报”的所有文字、图片和音视频资料,版权均属期货日报所有,任何媒体、网站或个人未经本网协议授权不得转载、链接、转贴或以其他方式复制发布 发表。已经本网协议授权的媒体、网站,在下载使用时必须注明"稿件来源:期货日报",违者本网将依法追究责任。相关的主题文章: