宏观基金迎“黄金年份” 黄金强势冲高至4402关口

Group 1 - The macro hedge fund industry is experiencing its best year since 2008, with significant volatility in currencies, commodities, and bonds providing lucrative opportunities for traders [2] - The HFR index tracking these funds rose by 16% as of the end of November, potentially marking the highest annual return since data collection began in 2008 [2] - Fund managers attribute the favorable market conditions to the volatility caused by the Trump trade war, which has led to a decline in the dollar, a sell-off in long-term bonds, and an increase in gold prices [2][3] Group 2 - Strong returns are continuing to revive the macro fund industry, which had been in a prolonged slump due to low interest rates and low volatility since 2008-09 [3] - Some funds are betting on the widening of the long-short bond spread to profit from the sell-off in long-term bonds, with notable gains reported by firms like Caxton and Grayscale Capital [3] - The current market environment is characterized by high enthusiasm for gold, a bear market for the dollar, and significant divergence in central bank policies [2]