国际金价在4500美元附近徘徊，中期上行逻辑还稳固吗？

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　　【环球网财经综合报道】据经济参考报，近期，国际金价在4500美元/盎司附近徘徊。金价的未来趋势，以及黄金股的股价表现，仍然是资本市场的关注焦点。

　　财经评论员、金董汇首席经济学家邢星称，今年黄金市场呈现出行情走势与企业业绩明显背离的特征，国际金价整体维持高位箱体运行，年内波动节奏起伏不定，直接带动A股黄金上市公司板块同步出现集体回撤。

　　邢星还提到：“反观产业基本面却保持稳健向好态势，并未跟随股价同步走弱，意味着黄金行业中长期成长逻辑未发生动摇。”

　　但三立新闻网发文称，金价连续第二周录得周线下跌，主要受国际油价上涨带动的能源成本上升和通胀预期增强影响。利率前景加息的押注也削弱了黄金的吸引力。美国10年期公债殖利率高位徘徊，进一步压制黄金。

　　中泰证券近期的研报则分析指出，黄金中期上行逻辑稳固，美元信用体系边际弱化与实际利率下行预期构成核心支撑。

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class=\"meta\">\n\n</h4>\n\n</header>\n<article>\n<html><body><div>\n<p>\n<img src=\"http://n.sinaimg.cn/finance/770/w640h130/20240312/9be9-7bcc77500b41e587aee5a856fe9849e2.png\"/>\n</p>\n<div>\n<div>\n<img src=\"http://image.sinajs.cn/n/hf/min/640x360xxfhd/XAU.png\"/>\n</div>\n<div>\n<div>\n<span>热点栏目</span>\n<s></s>\n自选股\n数据中心\n行情中心\n资金流向\n模拟交易\n</div>\n客户端\n</div>\n</div>\n<p>　　【环球网财经综合报道】据经济参考报，近期，国际<span>金价</span><span></span>在4500美元/盎司附近徘徊。金价的未来趋势，以及黄金股的股价表现，仍然是资本市场的关注焦点。</p>\n<p>　　财经评论员、金董汇首席经济学家邢星称，今年黄金市场呈现出行情走势与企业业绩明显背离的特征，国际金价整体维持高位箱体运行，年内波动节奏起伏不定，直接带动A股黄金上市公司板块同步出现集体回撤。</p>\n<p>　　邢星还提到：“反观产业基本面却保持稳健向好态势，并未跟随股价同步走弱，意味着黄金行业中长期成长逻辑未发生动摇。”</p>\n<p>　　但三立新闻网发文称，金价连续第二周录得周线下跌，主要受国际油价上涨带动的能源成本上升和通胀预期增强影响。利率前景加息的押注也削弱了黄金的吸引力。美国10年期公债殖利率高位徘徊，进一步压制黄金。</p>\n<div>\n<div><img src=\"http://n.sinaimg.cn/spider20260525/308/w715h393/20260525/1191-c3c4ca4d6d713d55a79bcca1306d08c1.png\"/><span></span></div>\n</div>\n<p>　　<a href=\"https://laohu8.com/S/600918\">中泰证券</a>近期的研报则分析指出，黄金中期上行逻辑稳固，美元信用体系边际弱化与实际利率下行预期构成核心支撑。</p>\n<div>\n<span>新浪合作大平台期货开户 安全快捷有保障</span>\n<img src=\"\"/>\n</div>\n<div>\n<div><img src=\"\"/></div>\n<div>海量资讯、精准解读，尽在新浪财经APP</div>\n</div>\n<p>责任编辑：朱赫楠 </p>\n</div></body></html>\n\n<div class=\"bt-text\">\n\n\n<p> 来源：<a href=\"https://finance.sina.com.cn/jjxw/2026-05-25/doc-inhzamvr5188387.shtml\">环球网</a> </p>\n\n<p>为提升您的阅读体验，我们对本页面进行了排版优化</p>\n\n</div>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"SGDM","symbol_name":"Sprott Gold Miners 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安全快捷有保障\n\n\n\n\n海量资讯、精准解读，尽在新浪财经APP\n\n责任编辑：朱赫楠","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; 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