--- title: "KPResearch 创始人、《培风客》作者陈大鹏：2026 年黄金逢低买入逻辑不变" description: "KPResearch 创始人陈大鹏在 Alpha 峰会上表示，全球地缘不确定性仍存，2026 年黄金逢低买入逻辑不变。预计黄金回调因素包括乐观经济趋势和地缘局势缓和，但回调是买入机会，结构性看多因素未消失。" type: "news" locale: "zh-CN" url: "https://longbridge.com/zh-CN/news/270377081.md" published_at: "2025-12-20T09:17:13.000Z" --- # KPResearch 创始人、《培风客》作者陈大鹏：2026 年黄金逢低买入逻辑不变 > KPResearch 创始人陈大鹏在 Alpha 峰会上表示，全球地缘不确定性仍存，2026 年黄金逢低买入逻辑不变。预计黄金回调因素包括乐观经济趋势和地缘局势缓和，但回调是买入机会，结构性看多因素未消失。 12 月 20 日，在华尔街见闻和中欧国际工商学院联合主办的「Alpha 峰会」上，KPResearch 创始人、《培风客》作者陈大鹏表示，全球许多地缘不确定性并未消失，明年黄金逢低买入逻辑不变，按过去几年经验，逢低是从高点回撤 10%-15%。明年可能导致黄金回调的因素有两种：一是非常乐观的经济趋势，二是地缘局势缓和。但这种回调是买入机会，其结构性看多因素并未消失。 ### Related Stocks - [07299.HK - 南方两倍看多黄金](https://longbridge.com/zh-CN/quote/07299.HK.md) - [GLD.US - 黄金 ETF - SPDR](https://longbridge.com/zh-CN/quote/GLD.US.md) ## Related News & Research | Title | Description | URL | |-------|-------------|-----| | Life After Goldmageddon – Boring Is The New Up | ChillingOur base case for gold, outlined recently, remains that the shiny metal needs to consolidate after the huge run- | [Link](https://longbridge.com/zh-CN/news/276062495.md) | | Zijin Gold Unit Renews Gold Sales Arrangement with Kyrgyzstan-based Gold Producer | Zijin Gold Unit Renews Gold Sales Arrangement with Kyrgyzstan-based Gold Producer | [Link](https://longbridge.com/zh-CN/news/276427417.md) | | Gold & Silver Look to Snap a Two Day Losing Streak | Gold & Silver Look to Snap a Two Day Losing Streak | [Link](https://longbridge.com/zh-CN/news/276245673.md) | | REG - Golden Prospect Prec Golden Prospect-GPSS - Monthly Investor Report - January 2026 | Golden Prospect Precious Metals Limited released its Monthly Investor Report for January 2026, highlighting a 12% increa | [Link](https://longbridge.com/zh-CN/news/276448623.md) | | Ongwe Minerals commences drill program on its gold exploration projects in Namibia | Ongwe Minerals commences drill program on its gold exploration projects in Namibia | [Link](https://longbridge.com/zh-CN/news/276227648.md) | --- > **免责声明**：本文内容仅供参考，不构成任何投资建议。