在国际foreign exchange市场上,美元的疲软往往会推动金价的上涨,这是由于美元的下跌既可以使那些以非美元作为本位币的投资者用其他货币买到便宜的黄金,同时又能刺激黄金需求,特别是黄金首饰方面的消费需求。如1985~1987年,美元对瑞士法郎贬值40%时,黄金价格就从每盎司300The US dollar has risen to500USD.
一般而言,当美国经济增长速度放缓,出现衰退迹象时,金价涨跌的规律是:美元汇率下跌则金价可望上扬。反之,美元汇率回升,金价则将会下跌。这是因为美元汇率的下跌往往与通货膨胀有关,致使市场投机性需求增加,进而刺激市场金价上升。1971year8Month and1973year2In the month of the month, the US government twice announced the depreciation of the US dollar, which was due to factors such as the significant decline in the US dollar exchange rate and inflation,1980At the beginning of the year, the price of gold in the international gold market rose to a historic high, breaking through800dollar/盎司。回顾过去三十多年的历史可以发现金价涨跌的规律,凡美元对其他西方国家的货币汇价坚挺时,则国际市场的金价就会大幅滑落。如果美元出现小幅贬值,金价就会逐渐上升。
2、战争状态,金价攀升
In history, gold was not only seen as a means to prevent inflation, but also as a form of insurance against war and natural disasters. Unlike paper currency, gold is an effective medium for value exchange in any social environment or country, and is a hard currency that is not affected by the local social system and economic environment at that time.
The US dollar is used annually3~9The possibility of a monthly increase is greater than a decrease, and the possibility of a gold market decline during this period is greater than an increase. Every year10From month to year2月下跌的可能要大于上升。这个时间段的黄金市场涨的可能性大于跌