Core Viewpoint - The rise in precious metal prices is not solely due to the depreciation of the US dollar, but reflects market concerns regarding Trump's political maneuvers both domestically and internationally, centering around potential risks of dollar depreciation rather than current weakness [1] Group 1: Market Sentiment - The sentiment of "devaluation trade" appears to be prevalent in the precious metals market, but is not observed in larger markets, particularly the bond market [1] - The amount of capital required to drive significant volatility in gold and silver prices is relatively limited, making prices susceptible to emotional and short-term capital flows [1] Group 2: Investment Outlook - The company maintains a bullish stance on gold while holding a neutral view on silver [1]
分析师：贵金属“贬值交易”情绪尚未蔓延至债市等更大市场
Ge Long Hui A P P·2026-01-28 10:38