华泰证券：中长期看，短期地缘局势变化并未破坏黄金的底层逻辑_老虎社区_美港股上老虎

华泰证券：中长期看，短期地缘局势变化并未破坏黄金的底层逻辑

智通财经04-11

【华泰证券：中长期看，短期地缘局势变化并未破坏黄金的底层逻辑】华泰证券研报指出，3月以来地缘局势冲击全球风险偏好，但黄金并未如期表现出避险属性，反而与风险资产同涨同跌。自3月美以伊冲突爆发以来，最大回撤一度超过17%，后因局势出现缓和迹象底部反弹。我们认为本轮黄金调整的原因包括前期仓位拥挤、流动性冲击、部分央行售金以及能源品资金分流等。后续展望，短期来看，中东地缘局势有所缓和，黄金与风险资产同涨，...

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