对于投资者而言,很多人还是不太理解黄金这轮上涨的底层逻辑。美元信用不断被削弱正在推高美国实际利率与债务成本,美国财政赤字加剧、以及特朗普政策反复进一步抬升美元风险溢价,黄金是最优质的战术性避险资产;而全球央行持续购金又对金价构成坚实的底部支撑,这些都是值得长期战略配置的原因。
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