美元加息下黄金投资分析.pdfVIP

摘 要 黄金，作为一种格外的大宗商品，具有商品、货币和投资避险的多重属性。不仅是珠宝首饰制作、工业 制造和现代高新技术产业的一种重要原材料，也是重要的国际支付手段和财富储备的主要载体;不仅能在 危机发生时被当作财富的避风港，也被作为抵挡通货膨胀危险的重要工具。黄金作为一种重要的投资避险 工具，自2008年金融危机伊始，全球需求大增，价格连续走高;加之2010年伊始，美国等实施量化宽松的货 币政策，导致黄金价格一路飘升，从500美元/盎司上涨至1900美元/盎司;至2013年，美国等经 开始复苏， 美联储宣布退出量化宽松政策，黄金价格又迅速回落至1200美元/盎司，再次出现巨幅波动。同时随着我国 以美元为主的外汇储备持续增长，国内CPI居高不下，在加上2015的年底迎来了美联储近十年来的首次加息 ，这对黄金投资的市场或多或少会造成一定的影响，黄金作为一种重要的投资避险、保值增值的工具，重新 成为热门话题。因此，对黄金的投资分析具有重要的理论和实际意义。本文通过详细数据对影响黄金价格 的因素和美元加息对国际黄金市场的深层影响进行分析，通过分析成果对未来黄金期货价格的走势作了分 析，并对投资者在美元加息大背景下的投资策略做出来建议。 关键词：黄金；美元加息；影响因素；价格走势；投资策略 GoldInvetment withthe dollar rate hike Abstract Gold， as a special commodity ， has the multiple nature of commodities ， currencies and investment risk aversion. Is not only thejewelry production， industrial manufacturingand modern high-tech industry is an important raw material， it is important to the main carrier of international reservesmeans of payment and wealth; Can not only when the crisis is a safe haven， wealth was also as an important tool against inflationrisk.Safe- haven gold as an important investment tools ， since 2008 ， at the start of thefinancial crisis ， the global demand， continuous higher prices; At the beginning of 2010 ， such as the United States to implement quantitative easingmonetary policy， gold prices all the wayto levitate ， rising from $500 an ounceto $1900 an ounce. To 2013， such as the us economybegins to recover ， the fed announced hisretirement from quantitative easing， the gold price and quickly back to $1200 an ounce ， again large fluctuations.At the same time as the dollar-basedforeign-exchange reserves continue to grow in our country， the domestic CPI remains high ， in 2015 ushered in by the end of the federal reserve to raiseinterest rates for the first time in nearly a decade ， the gold investment market will result in more or less cer