{"id":50499,"date":"2026-05-18T07:40:37","date_gmt":"2026-05-18T07:40:37","guid":{"rendered":"https:\/\/www.vtmarkets.com\/uncategorized\/47597\/"},"modified":"2026-05-18T07:40:37","modified_gmt":"2026-05-18T07:40:37","slug":"%e9%98%bf%e8%81%af%e9%85%8b%e9%87%91%e5%83%b9%e6%8c%81%e7%a9%a9%e3%80%80%e8%81%af%e5%84%b2%e5%b1%80%e6%b8%9b%e6%81%af%e9%a0%90%e6%9c%9f%e5%8f%8a%e5%a4%ae%e8%a1%8c%e8%b2%b7%e9%87%91%e6%94%af%e6%92%90","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/zh-ca\/live-updates\/50499\/","title":{"rendered":"\u963f\u806f\u914b\u91d1\u50f9\u6301\u7a69\u3000\u806f\u5132\u5c40\u6e1b\u606f\u9810\u671f\u53ca\u592e\u884c\u8cb7\u91d1\u652f\u6490\u524d\u666f"},"content":{"rendered":"

\u6839\u64da FXStreet \u6578\u64da\uff0c\u963f\u806f\u914b\u5468\u4e00\u91d1\u50f9\u6574\u9ad4\u8b8a\u5316\u4e0d\u5927\u3002\u91d1\u50f9\u5831\u6bcf\u514b 536.35 \u8fea\u62c9\u59c6\uff08AED\uff09\uff0c\u8f03\u5468\u4e94\u7684 536.14 \u8fea\u62c9\u59c6\u7565\u9ad8\u3002<\/p>\n

\u91d1\u50f9\u4ea6\u5831\u6bcf\u6258\u62c9\uff08tola\uff0c\u4e00\u7a2e\u5357\u4e9e\u5e38\u7528\u7684\u9ec3\u91d1\u91cd\u91cf\u55ae\u4f4d\uff096,255.88 \u8fea\u62c9\u59c6\uff0c\u9ad8\u65bc\u5468\u4e94\u7684 6,253.40 \u8fea\u62c9\u59c6\u3002\u5176\u4ed6\u5831\u50f9\u5305\u62ec\uff1a10 \u514b 5,363.41 \u8fea\u62c9\u59c6\uff0c\u4ee5\u53ca\u6bcf\u91d1\u8861\u76ce\u53f8\uff08troy ounce\uff0c\u8cb4\u91d1\u5c6c\u5e38\u7528\u7684\u91cd\u91cf\u55ae\u4f4d\uff0916,683.39 \u8fea\u62c9\u59c6\u3002<\/p>\n

\u963f\u806f\u914b\u91d1\u50f9\u8a08\u7b97\u65b9\u6cd5<\/h3>\n

FXStreet \u6703\u628a\u570b\u969b\u91d1\u50f9\u6309\u7f8e\u5143\u514c\u8fea\u62c9\u59c6\uff08USD\/AED\uff09\u532f\u7387\u63db\u7b97\uff0c\u4e26\u4ee5\u963f\u806f\u914b\u5e38\u7528\u7684\u672c\u5730\u91cd\u91cf\u55ae\u4f4d\uff08\u5982\u514b\u3001\u6258\u62c9\u3001\u91d1\u8861\u76ce\u53f8\uff09\u5831\u50f9\u3002\u50f9\u683c\u6309\u767c\u5e03\u6642\u7684\u5e02\u5834\u532f\u7387\u6bcf\u65e5\u66f4\u65b0\uff0c\u53ea\u4f5c\u53c3\u8003\uff0c\u5be6\u969b\u672c\u5730\u5831\u50f9\u53ef\u80fd\u56e0\u5e97\u8216\u3001\u624b\u5de5\u8cbb\u53ca\u4f9b\u61c9\u7b49\u56e0\u7d20\u800c\u4e0d\u540c\u3002<\/p>\n

\u9ec3\u91d1\u4e00\u76f4\u88ab\u8996\u70ba\u300c\u4fdd\u503c\u5de5\u5177\u300d\uff08store of value\uff0c\u5373\u5728\u8ca8\u5e63\u8cfc\u8cb7\u529b\u4e0b\u8dcc\u6642\u4ecd\u80fd\u4fdd\u5b58\u50f9\u503c\u7684\u8cc7\u7522\uff09\u53ca\u4ea4\u63db\u5a92\u4ecb\uff0c\u4ea6\u5ee3\u6cdb\u7528\u65bc\u73e0\u5bf6\u3002\u5e02\u5834\u4ea6\u5e38\u628a\u9ec3\u91d1\u8996\u70ba\u300c\u907f\u96aa\u8cc7\u7522\u300d\uff08safe-haven asset\uff0c\u5373\u5728\u5e02\u5834\u4e0d\u7a69\u6642\u8f03\u53d7\u8ffd\u6367\u7684\u8cc7\u7522\uff09\uff0c\u4ee5\u53ca\u5c0d\u6c96\u901a\u8139\uff08inflation\uff0c\u7269\u50f9\u6301\u7e8c\u4e0a\u5347\u4ee4\u8cfc\u8cb7\u529b\u4e0b\u964d\uff09\u548c\u8ca8\u5e63\u8cb6\u503c\uff08currency depreciation\uff0c\u8ca8\u5e63\u76f8\u5c0d\u5176\u4ed6\u8ca8\u5e63\u8d70\u5f31\uff09\u7684\u5de5\u5177\u3002<\/p>\n

\u5404\u570b\u592e\u884c\uff08central banks\uff0c\u8ca0\u8cac\u8ca8\u5e63\u653f\u7b56\u8207\u5916\u532f\u5132\u5099\u7ba1\u7406\u7684\u6a5f\u69cb\uff09\u662f\u6700\u5927\u7684\u9ec3\u91d1\u6301\u6709\u8005\uff0c\u4ea6\u53ef\u80fd\u8cb7\u5165\u9ec3\u91d1\u4ee5\u5206\u6563\u5916\u532f\u5132\u5099\uff08diversify reserves\uff0c\u5373\u907f\u514d\u5132\u5099\u904e\u5ea6\u96c6\u4e2d\u5728\u55ae\u4e00\u8cc7\u7522\u6216\u8ca8\u5e63\uff09\u3002\u4e16\u754c\u9ec3\u91d1\u5354\u6703\uff08World Gold Council\uff09\u8868\u793a\uff0c\u592e\u884c\u65bc 2022 \u5e74\u5408\u5171\u589e\u6301 1,136 \u5678\uff0c\u50f9\u503c\u7d04 700 \u5104\u7f8e\u5143\uff0c\u70ba\u6709\u7d00\u9304\u4ee5\u4f86\u6700\u9ad8\u5e74\u5ea6\u7e3d\u91cf\u3002<\/p>\n

\u9ec3\u91d1\u50f9\u683c\u5e38\u8207\u7f8e\u5143\u53ca\u7f8e\u570b\u570b\u50b5\uff08US Treasuries\uff0c\u7f8e\u570b\u653f\u5e9c\u767c\u884c\u7684\u50b5\u5238\uff09\u5448\u53cd\u5411\u8d70\u52e2\uff0c\u4ea6\u53ef\u80fd\u8207\u80a1\u7968\u7b49\u300c\u98a8\u96aa\u8cc7\u7522\u300d\uff08risk assets\uff0c\u5e02\u6cc1\u597d\u6642\u4e0a\u5347\u3001\u98a8\u96aa\u9ad8\u7684\u8cc7\u7522\uff09\u76f8\u53cd\u3002\u91d1\u50f9\u4ea6\u53d7\u5730\u7de3\u653f\u6cbb\uff08geopolitics\uff0c\u570b\u969b\u653f\u6cbb\u885d\u7a81\u8207\u7dca\u5f35\u5c40\u52e2\uff09\u3001\u8870\u9000\u6182\u616e\u3001\u5229\u7387\uff0c\u4ee5\u53ca\u7f8e\u5143\u8d70\u52e2\u5f71\u97ff\uff1b\u7531\u65bc\u9ec3\u91d1\u4ee5\u7f8e\u5143\u8a08\u50f9\uff0c\u5e02\u5834\u5e38\u7528 XAU\/USD\uff08\u5373\u300c\u9ec3\u91d1\u514c\u7f8e\u5143\u300d\u7684\u5831\u50f9\uff09\u89c0\u5bdf\u5176\u8b8a\u52d5\u3002<\/p>\n

\u9ec3\u91d1\u5e02\u5834\u5c55\u671b<\/h3>\n

\u9451\u65bc\u91d1\u50f9\u73fe\u6642\u5728\u6bcf\u514b\u7d04 536 \u8fea\u62c9\u59c6\u9644\u8fd1\u4fdd\u6301\u7a69\u5b9a\uff0c\u9019\u66f4\u50cf\u662f\u300c\u6574\u56fa\u300d\uff08consolidation\uff0c\u5373\u50f9\u683c\u5728\u72f9\u7a84\u5340\u9593\u6a6b\u884c\u3001\u70ba\u4e0b\u4e00\u6b65\u8d70\u52e2\u4f5c\u6e96\u5099\uff09\u968e\u6bb5\uff0c\u4e4b\u5f8c\u6709\u6a5f\u6703\u5411\u4e0a\u3002\u8868\u9762\u5e73\u975c\u4e4b\u4e0b\uff0c\u6574\u9ad4\u5e02\u5834\u7684\u58d3\u529b\u6b63\u5728\u7d2f\u7a4d\uff0c\u5c0d\u91d1\u50f9\u504f\u6709\u5229\u3002\u4ea4\u6613\u300c\u884d\u751f\u54c1\u300d\uff08derivatives\uff0c\u4ee5\u8cc7\u7522\u50f9\u683c\u70ba\u57fa\u790e\u7684\u5408\u7d04\uff0c\u5982\u671f\u6b0a\u8207\u671f\u8ca8\uff09\u7684\u6295\u8cc7\u8005\uff0c\u53ef\u628a\u4f4e\u6ce2\u5e45\u8996\u70ba\u70ba\u65e5\u5f8c\u8d70\u52e2\u63d0\u524d\u90e8\u7f72\u7684\u6a5f\u6703\u3002<\/p>\n

\u91d1\u50f9\u4e3b\u8981\u63a8\u52d5\u529b\u5728\u65bc\u7f8e\u570b\u806f\u90a6\u5132\u5099\u5c40\uff08Federal Reserve\uff0c\u7c21\u7a31\u806f\u5132\u5c40\uff1b\u8ca0\u8cac\u7f8e\u570b\u5229\u7387\u8207\u8ca8\u5e63\u653f\u7b56\uff09\u7684\u653f\u7b56\u53d6\u5411\u8f49\u8b8a\u3002\u806f\u5132\u5c40\u5728 2025 \u5e74\u5927\u90e8\u5206\u6642\u9593\u7dad\u6301\u5229\u7387\u4e0d\u8b8a\u5f8c\uff0c\u8fd1\u671f\u6578\u64da\u986f\u793a\u7d93\u6fdf\u589e\u9577\u653e\u7de9\uff0c\u5e02\u5834\u5c0d\u4eca\u5e74\u7a0d\u5f8c\u300c\u653e\u5bec\u8ca8\u5e63\u653f\u7b56\u300d\uff08monetary easing\uff0c\u5373\u6e1b\u606f\u6216\u589e\u52a0\u6d41\u52d5\u6027\uff09\u7684\u9810\u671f\u4e0a\u5347\u3002\u6211\u5011\u8a8d\u70ba\uff0c\u5e02\u5834\u73fe\u5df2\u8a08\u5165 2026 \u5e74\u5e95\u524d\u6700\u5c11\u5169\u6b21\u6e1b\u606f\uff0c\u5c0d\u9ec3\u91d1\u9019\u985e\u300c\u4e0d\u63d0\u4f9b\u5229\u606f\u6536\u5165\u7684\u8cc7\u7522\u300d\uff08non-yielding assets\uff0c\u5373\u6301\u6709\u672c\u8eab\u4e0d\u6d3e\u606f\u3001\u4e0d\u4ed8\u5229\u606f\uff09\u8f03\u6709\u5229\u3002<\/p>\n

\u653f\u7b56\u8f49\u5411\u504f\u5bec\u9b06\u4ea6\u4ee4\u7f8e\u5143\u53d7\u58d3\u3002\u7f8e\u5143\u6307\u6578\uff08Dollar Index\uff0cDXY\uff0c\u7528\u65bc\u8861\u91cf\u7f8e\u5143\u76f8\u5c0d\u4e00\u7c43\u5b50\u4e3b\u8981\u8ca8\u5e63\u5f37\u5f31\u7684\u6307\u6a19\uff09\u5df2\u56de\u8edf\uff0c\u8f03 2025 \u5e74\u9ad8\u4f4d\u5728\u904e\u53bb\u4e00\u5b63\u4e0b\u8dcc\u63a5\u8fd1 3%\u3002\u56de\u9867\u904e\u5f80\uff0c\u5169\u8005\u7684\u53cd\u5411\u95dc\u4fc2\u6e05\u6670\uff1a2025 \u5e74\u672b\u91d1\u50f9\u4e0a\u5347\u8207\u7f8e\u5143\u8f49\u5f31\u540c\u6642\u51fa\u73fe\uff0c\u6211\u5011\u9810\u671f\u6b64\u8d70\u52e2\u4ecd\u53ef\u80fd\u5ef6\u7e8c\u3002<\/p>\n

\u652f\u6490\u6574\u500b\u5c55\u671b\u7684\u53e6\u4e00\u56e0\u7d20\uff0c\u662f\u592e\u884c\u6301\u7e8c\u8cb7\u5165\u3002\u7e7c 2024 \u8207 2025 \u5e74\u9304\u5f97\u5f37\u52c1\u589e\u6301\u5f8c\uff0c\u4e16\u754c\u9ec3\u91d1\u5354\u6703 2026 \u5e74\u7b2c\u4e00\u5b63\u5831\u544a\u6307\u51fa\uff0c\u592e\u884c\u5728\u4e2d\u570b\u53ca\u5370\u5ea6\u5e36\u52d5\u4e0b\uff0c\u518d\u589e\u6301 260 \u5678\u3002\u9019\u985e\u300c\u6a5f\u69cb\u6027\u8cb7\u76e4\u300d\uff08institutional buying\uff0c\u5373\u5927\u578b\u5b98\u65b9\u6216\u91d1\u878d\u6a5f\u69cb\u5165\u5e02\uff09\u70ba\u91d1\u50f9\u63d0\u4f9b\u8f03\u5f37\u5e95\u90e8\uff0c\u6e1b\u5c11\u5927\u5e45\u4e0b\u8dcc\u7684\u98a8\u96aa\u3002<\/p>\n

\u6b64\u5916\uff0c\u6295\u8cc7\u8005\u4ecd\u5c0d\u901a\u8139\u4fdd\u6301\u6212\u5fc3\uff1b\u901a\u8139\u5728 2024 \u5e74\u66fe\u9ad8\u65bc 3.5%\uff0c\u63a7\u5236\u96e3\u5ea6\u5927\u3002\u591a\u500b\u4e3b\u8981\u5730\u5340\u7684\u5730\u7de3\u653f\u6cbb\u6469\u64e6\u4ea6\u6301\u7e8c\u63a8\u9ad8\u9ec3\u91d1\u4f5c\u70ba\u907f\u96aa\u8cc7\u7522\u7684\u5438\u5f15\u529b\u3002\u9019\u5169\u9805\u6182\u616e\u70ba\u91d1\u50f9\u63d0\u4f9b\u6301\u7e8c\u652f\u6301\u3002<\/p>\n

\u56e0\u6b64\uff0c\u6211\u5011\u8a8d\u70ba\u5efa\u7acb\u9ec3\u91d1\u884d\u751f\u54c1\u7684\u300c\u9577\u5009\u300d\uff08long positions\uff0c\u5373\u770b\u597d\u50f9\u683c\u4e0a\u5347\u7684\u6301\u5009\uff09\u7406\u64da\u5145\u5206\u3002\u8cb7\u5165\u5230\u671f\u70ba\u4e09\u81f3\u516d\u500b\u6708\u7684\u300c\u8a8d\u8cfc\u671f\u6b0a\u300d\uff08call options\uff0c\u5373\u4ee5\u6307\u5b9a\u50f9\u683c\u8cb7\u5165\u7684\u6b0a\u5229\uff09\u53ef\u5728\u806f\u5132\u5c40\u6e1b\u606f\u5468\u671f\u843d\u5be6\u6642\uff0c\u63d0\u4f9b\u8f03\u5927\u4e0a\u884c\u7a7a\u9593\uff0c\u540c\u6642\u628a\u521d\u59cb\u98a8\u96aa\u9650\u5236\u5728\u671f\u6b0a\u91d1\uff08premium\uff0c\u5373\u8cb7\u5165\u671f\u6b0a\u7684\u6210\u672c\uff09\u4e4b\u5167\u3002<\/p>\n

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