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黄金范围:1520美元/盎司～2000美元/盎司均价:1785美元/盎司从发达国家的角度看,投资者在2013年对黄金有不同看法。我们认为欧元将会存活下来,全球金融系统也在缓慢改善。这表明黄金的避险功能将会受到削弱。美联储最近的消息使我们期待看到许多国家广泛采用非传统货币政策,并继续保持实际利率在低位甚至为负。这应该会提高资产价格,并有可能会导致美元疲软。然而,通货膨胀似乎至少在近期内仍受到控制,而其他投资例如股票等可能会比2012年更具吸引力。在发展中国家市场,中国的需求应该会保持强
Gold Range: $ 1,520 / oz ~ $ 2,000 / oz Average price: $ 1,785 / oz Investors had different perceptions of gold in 2013 from a developed country perspective. We think the euro will survive and the global financial system is slowly improving. This shows that the hedging function of gold will be weakened. The Fed’s recent news has made us look forward to seeing the widespread adoption of non-traditional monetary policies in many countries and continue to keep real interest rates low and negative. This should raise asset prices and potentially lead to a weaker dollar. However, inflation seems to be under control at least in the near term, while other investments such as equities may be more attractive than 2012. In developing country markets, China’s demand should remain strong