德银指出本轮黄金回调与4月初本质上并不相同,近期黄金下跌主要受美元反弹和市场过度解读关税消息所致。4月23日德银发表研报称,当前黄金价格调整与4月初的回调本质上存在差异。4月初金价下跌是伴随着标普指数大幅波动下行,而本次金价走弱却发生在标普指数低波动上涨的环境中。通常美元上涨,金价将下跌。但德银分析师认为根据1998-2022年长期估算的美元贝塔系数,仅通过美元因素来解释周二金价从峰值到谷底的下跌...
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