2014年黄金市场或继续低迷 矿企行为可成拐点
2013年还剩下最后两个交易日，而黄金的表现在这一年中毫无疑问是30年来最差的一年，金价跌去了近30%。
2013年对黄金市场来说，关键词就是美联储的QE。正是一整年围绕市场的对何时缩减QE的猜测以及最后真正缩减的决议使得今年金价大跌。进入2014年，美联储的政策仍将是市场的焦点，也仍将对黄金产生很大影响。
低利率已经支撑金价很多年，而目前，10年期美国国债收益率升到了3%，黄金投资者们拥有黄金而非那些能获利的资产的机会成本因此大幅升高。
此外，美联储的干涉也使得分析师们对黄金未来的前景不甚看好。瑞银集团(UBS)此前就将对黄金的预测从1325美元/盎司调低至1200美元/盎司。称投资者们对购买黄金的兴趣减少，并且一些技术面的支撑因素也有所减少。高盛(Goldman Sachs)对黄金走势更不看好，认为明年金价会下跌至少15%。
不过黄金市场也并非一片看衰。澳新银行(Australia and New Zealand Banking Group)认为2014年金价会上涨到1450美元/盎司的水平，认为中国巨大的需求量会吸收大量的黄金供应量。并且很可能恢复进口的印度也会来支撑金价。
除此之外，2014年的黄金市场还要关注黄金生产商。目前很多矿企对勘探和生产费用的削减被认为对金价下跌减缓有所作用。一旦黄金生产减少，黄金供应量或许将为2014年的金价提供底部支撑。
另外，黄金生产商也都在金价下跌的环境中开始采取保护措施，譬如一些矿企决定重新采取囤积产量以对冲下跌金价的措施。这一行为将对市场情绪带来很大影响，但这也被认为会是黄金市场的重要拐点，为金价带来一个比较可靠的回升。
2014 gold market continues to slump in mining enterprises or behavior can become the turning point
2013 left the last two trading days , while gold ‘s performance during the year without a doubt the worst year in 30 years , the price of gold has fallen by nearly 30%.
2013 on the gold market, the key word is the Fed’s QE. It is a full year of speculation on when QE reduced and finally cut the resolution www.xinsheng-gold.comaround the market really makes this year the price of gold fell . Into 2014 , the Fed’s policy will continue to be the focus of the market, but also will have a significant impact on gold.
Low interest rates have supported the price of gold for many years , and now , the 10-year U.S. Treasury yields rose 3 percent , gold investors who own gold rather than those assets can be profitable and therefore the opportunity costs rise sharply .
In addition , the Fed’s interference also makes Analysts are less optimistic about the prospects for the future of gold . UBS AG (UBS) had forecast on gold will be from $ 1,325 / ounce reduced to $ 1,200 / oz. Investors said the reduction of interest in buying gold and some technical support factors have also been reduced . Goldman Sachs (Goldman Sachs) on the gold trend is less optimistic that next year the price of gold will fall at least 15% .
But the gold market is not a bad look . ANZ (Australia and New Zealand Banking Group) believe that 2014 meeting, the gold price rose to $ 1,450 / ounce level that Chinese demand will absorb huge amounts of gold supply. And likely will resume imports of India to support the price of gold .
In addition, in 2014 the gold market also concerned about the gold producers. At present, many mining companies to cut exploration and production costs are considered to be the gold price falls slowed somewhat effect. Once gold production decreased supply of gold will probably provide support at the bottom of the price of gold in 2014 .
In addition , gold producers have also begun to take measures to protect the environment in gold prices , for example, a number of mining companies decided to take measures to hedge against falling yields hoard of gold . This behavior will bring great impact on market sentiment , but it is also considered to be an important turning point in the gold market , as the price of gold has brought a more reliable recovery.
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