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在经历2016年一季度的上涨之后,关于大宗商品泡沫的声音已经不绝于耳。在3月份的最后一个星期中,美元加息的言论再度上涨,而已经维持了多周涨势的原油与黄金价格出现回落似乎也验证这样的空头言论。国际投行巴克莱在报告中指出,资金流入黄金并不是看好大宗市场的回暖,恰恰是因为对未来不确定性。换而言之,当前大宗市场的上涨存在极大的不确定性,金价上涨的背后并非因为投资性因素,而是将避险需求摆在了首
After experiencing a rise in the first quarter of 2016, the voice of the commodity bubble has been heard. In the last week of March, the talk of a rate hike rose again, and crude oil and gold prices, which have been maintaining their multi-week rally, also seem to validate such bearish remarks. Barclays International Investment Bank pointed out in the report that the inflow of gold is not optimistic about the bulk of the market rebound, precisely because of the uncertainty of the future. In other words, the current bulk market there is a great rise in uncertainty, not because of rising gold prices is not because of investment factors, but the hedge needs of the first