Straddle can gold continue to rise-yyets.com

Straddle: can gold continue to rise? Amid the recent global market volatility, high risk aversion has pushed gold prices up sharply. But with the recent return of market risk appetite, DBS bank and Goldman Sachs have had different views on the outlook for gold price. Singapore’s largest commercial bank DBS Bank (DBS) believes that because the United States recently expected further interest rate hike has subsided, the market turmoil has not completely subsided, so gold will continue to rise. The U.S. federal funds rate futures show that investors believe that the Fed’s interest rate hike before the end of this year is only 34%. "The volatility in financial markets because of the global economic slowdown, Chinese and low oil prices, for easing the effectiveness of questioning and continue," DBS bank chief investment officer office senior investment strategist Manish Jaradi told Bloomberg said, "this will limit the risk of mood and pressure on the dollar exchange rate, so as to support the price of gold." Although Manish Jaradi admits the gold it seems that the short-term overbought, but he still maintained at 3 months and 12 months of strategic asset allocation based on the super distribution of gold investment advice. DBS bank before gold prices go up, from August last year began the proposed super distribution of gold in early February of this year issued a short-term strategy bullish remarks. Much of DBS’s view is just the opposite of Goldman sachs. The old Wall Street investment bank actually before long, "said the price of gold is expected to surpass $1200 an ounce, but after the recent risk sentiment regression, Goldman’s change of position to urge investors to short gold, said gold by the recent panic driven rebound in prices is unreasonable, the gold market and other financial markets have exaggerated the influence of China the economic slowdown, lower oil prices and negative interest rates," push the price of gold last week mainly due to soaring risk of Yu system, especially the European banking sector risk, but European silver industry not only emergency aid mechanism, and there is no money market financing restrictions, in addition to further increase the deposit, these show that the outbreak of crisis is unlikely." Goldman still expect the Fed will raise interest rates further down, and the next 3 months the price of gold is expected to $1100 an ounce, and cut the next 12 months to $1000 an ounce of gold target. Last week, affected by the global market, the price of gold rose, COMEX gold when the week gained 7.1%, recorded the biggest weekly gain since December 2008, topped $1263.24 an ounce, a year high. However, this week, the market risk appetite boost, the dollar index continued to rebound, curb buying, spot gold fell for three consecutive days. COMEX Monday, April gold futures fell 2.42% intraday refresh since February 11th lows to $1202.80 an ounce, the deepest decline in more than 2.56%, the biggest intraday decline since July 2015. It is worth noting that, along with the gold bull dead "is famous for its well-known hedge fund Paulson (John Paulson) is in the fourth quarter of last year with SPDR gold holdings, cut on

多空对决:黄金还能持续上涨吗?   在近期全球市场剧烈波动之际,高涨的避险情绪令黄金价格一度大幅上涨。但随着近日市场风险偏好回归,星展银行和高盛对于黄金价格前景发生了观点分歧。   新加坡最大商业银行星展银行(DBS)认为,由于美国近期进一步加息的预期有所消退,市场动荡仍未彻底平息,因此黄金将继续上涨。美国联邦基金利率期货表明,投资者认为美联储在今年年底前加息的概率仅为34%。   “金融市场波动性将因为中国及全球经济减速、低油价、对于宽松政策有效性的质疑而继续下去,”星展银行首席投资官办公室高级投资策略师Manish Jaradi对彭博社表示,“这将限制风险情绪并施压美元汇率,从而支撑金价。”   尽管Manish Jaradi也承认黄金短期内似乎超买了,但他仍维持在3个月及12个月策略资产配置基础上超配黄金的投资建议。星展银行在黄金价格走升之前,从去年8月就开始建议超配黄金,今年2月初发出短线策略看涨的言论。   星展银行的看多观点恰恰和高盛相反。这家华尔街老牌投行其实之前也看多,称金价“有望涨破1200美元 盎司”,但在近日风险情绪回归之后,高盛改 变立场,改口呼吁投资者做空黄金,称黄金近期受恐慌情绪而驱动的价格反弹不合理,黄金市场和其他金融市场都过分夸大了中国经济放缓、油价走低和负利率的影 响,   “金价最近一周飙涨主要受系统性风险之虞的推动,尤其是欧洲的银行业风险,但欧银行业不仅有紧急援助机制,且货币市场并无融资限制,另外存款进一步增加,这些表明爆发危机可能性很小。”   高盛仍然预计美联储将会进一步加息,并下调未来3个月黄金价格预期至1100美元 盎司,并下调未来12个月金价目标至1000美元 盎司。   上周,受全球市场大幅震荡影响,黄金价格大涨,COMEX期金当周累计上涨7.1%,录得2008年12月以来最大单周涨幅,一度突破1263.24美元 盎司,创一年新高。   不过,本周以来市场风险偏好情绪提振、美元指数持续反弹抑制买盘,现货黄金连续三个交易日下跌。COMEX 4月黄金期货周一跌2.42%,盘中一度刷新2月11日以来低点至1202.80美元 盎司,跌幅最深超过2.56%,创2015年7月以来最大盘中跌幅。   值得注意的是,一向以“黄金死多头”闻名的知名对冲基金鲍尔森(John Paulson)却在去年第四季度猛砍SPDR黄金持仓,削减了343万股,相当于37%,减至580万股。   此外,投资者同期减持45吨SPDR黄金,创一年最大季度性降幅。   但或许鲍尔森未能预料到的是,今年至今,金价已涨超13%,几乎是所有大宗商品中表现最好的品种。 进入【新浪财经股吧】讨论相关的主题文章:

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