滚动危机推动黄金价格回落，但黄金投资在五月上涨

Calibri;mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">黄金投资者指数在五月份再创11 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">个月新高……

Calibri;mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">黄金价格录得自去年春季以来的最大跌幅，推动黄金投资在五月份跃升至近12 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">个月来的最高水平。

2022 Calibri;mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">年5 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">月，BullionVault mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">黄金投资者指数从4 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">月上涨2 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">点至56.2 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">，这是自2021 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">年6 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">月以来的最高读数。在一系列的获利了结以后，自2020 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">年11 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">月以来首次高于12 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">个月的平均水平。

Calibri;mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">五月份黄金投资者指数上涨之际，黄金价格也出现了14 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">个月以来的最大回落，美元金价下跌了4.4% mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">，达到自1 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">月份以来的最低月均价格每盎司1839 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">美元。

Calibri;mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">黄金价格目前正夹在通胀和利率之间，分析师认为这将是未来几周甚至几个月的交易趋势。

Calibri;mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">四十年来最严重的现金贬值正在提振黄金作为价值存储手段的吸引力，但由于通货膨胀率达到每年8% mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">以上，黄金缺乏股息或其他收入，又相互抵消了其吸引力。

Calibri;mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">就像生活成本飙升一样，乌克兰的可怕战争已成为金融市场格局的一部分，引发了一场滚动危机，鼓励投资者逢低买入黄金，因为它破坏了人们对股市和经济的信心。

Calibri;mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">随着五月份金价从2022 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">年春季的接近历史高位回落，全球股市自新年以来的五个月内连续第四次下跌。

Calibri;mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">在BullionVault mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">选择购买黄金的私人投资者数量比四月增加了16.2% mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">，而卖家数量下降了23.8% mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">，为去年十二月份以来的最低水平。

Calibri;mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">按重量计算，黄金投资需求也很强劲，BullionVault mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">客户的黄金净购买量在五月达到几乎250 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">公斤。这也推动BullionVault mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">客户的黄金总持有量增长了0.5% mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">至47.4 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">吨，总价值约为28 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">亿美元（约为22 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">亿英镑，26 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">亿欧元或3610 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">亿日元）。

Calibri;mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">白银方面，五月份美元银价下跌了10.7% mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">，这是自2020 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">年3 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">月新冠危机以来的最大跌幅。

Calibri;mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">白银价格降至2020 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">年7 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">月以来的最低水平每盎司21.9 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">美元，推动白银买家的数量比四月增加了18.6% mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">，而白银卖家数量下降了24.3% mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">，为去年十二月份以来的最低水平。

Calibri;mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">两个数据推动白银投资者指数上涨2.4 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">点至56.0 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">的11 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">个月高点。

Calibri;mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">客户的白银净需求量高达15 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">吨，推动BullionVault mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">客户的白银总持有量达到1235 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">吨的五个月高点，总价值约为8.64 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">亿美元（约6.86 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">亿英镑，8.08 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">亿欧元或1110 mso-ascii-theme-font:minor-latin;mso-fareast-theme-font:minor-fareast;
mso-hansi-font-family:Calibri;mso-hansi-theme-font:minor-latin" xml:lang="ZH-CN">亿日元）。

Attachments: gold-investor-index-may-2022.png silver-investor-index-may-2022.png