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投资者对于美国经济发展态势态度的转变影响着黄金市场走势,投资者们重拾对美元投资的信心一度使黄金价格大幅下跌。但这也并非是一个简单的下降过程,亚洲市场对于黄金长期投资价值的认可也促成了黄金价格在一定时间段内的反弹。黄金市场的动态结构交易型开放式指数基金(Exchange Traded Fund,ETF)市场具有双向发展特性。在金融危机之前,金币金条需求和ETF需求作为两种投资工具的关系是成正比的,一动皆动,但是金融危机的发生似乎打破了这种关系。在金融危机的冲击下,由于黄金对于大范围的非
Investors ’attitude toward the U.S. economic development has affected the gold market. Investors’ confidence in regaining the U.S. dollar investment once caused the gold price to drop sharply. However, this is not a simple process of decline. The recognition of the long-term value of gold in Asian markets has also contributed to the rally of gold prices over a certain period of time. Dynamic Structure of the Gold Market The Exchange Traded Fund (ETF) market has a two-way development profile. Before the financial crisis, gold bullion demand and the demand for ETFs as a relationship between the two investment vehicles were in direct proportion to the move, but the financial crisis appeared to have broken the relationship. Under the impact of the financial crisis, due to gold for a wide range of non