<p>[纽约] 随着交易者在温和的通胀数据后提高了对美国联邦储备降息的押注，黄金价格上涨，一些投资者利用周四（2 月 12 日）剧烈抛售的机会以更低的价格购买黄金。</p><p>美国年初的通胀相对温和，缓解了对更大幅度上涨的担忧，并提升了市场对美联储降息的预期。</p><p>在数据公布后，10 年期国债收益率下滑，掉期交易员预计到 12 月有约 50% 的概率会进行第三次降息。这推动黄金价格上涨了 2.5%。较低的利率通常有利于无收益的黄金。</p><p>ING 银行的商品策略师 Ewa Manthey 表示：“在本周贵金属剧烈清算后，整体背景仍然是高波动性，但今天的走势表明修正可能过度，捡便宜和调整头寸现在提供了支撑。”</p><p>黄金在 1 月底飙升至超过 5,595 美元的历史高位，因投机性买盘推动了涨势达到临界点，但在月底迅速回落，跌回每盎司 5,000 美元以下。尽管价格波动剧烈，黄金本周有望收高。</p><p>此外，中国市场下周因春节假期关闭。近期国内对贵金属的需求非常旺盛，助力了整体涨势。</p><p>Commerzbank 分析师表示，贵金属应会继续整固一段时间，因为曾在银价波动中起到重要作用的中国市场参与者正在度假。</p><p>截至纽约时间下午 4:31，现货黄金上涨 2.2%，报每盎司 5,031.52 美元。白银上涨 2.5%，报每盎司 77.16 美元。铂金和钯金也有所上涨。彭博美元现货指数，作为美元的衡量标准，变化不大。彭博社</p>

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<p>黄金价格上涨至每盎司 5,031.52 美元，因交易者在温和的通胀报告后增加了对美国联邦储备降息的押注。10 年期国债收益率下降，掉期交易者估计到 12 月第三次降息的概率为 50%。这导致黄金价格上涨 2.5%，投资者利用之前的抛售进行套利。分析师指出，近期的波动可能过度，受到寻求低价买入的支持。中国市场因春节假期关闭，影响了对贵金属的需求。白银价格也有所上涨，达到每盎司 77.16 美元</p>

<p>[NEW YORK] Gold advanced as traders raised bets on US Federal Reserve rate cuts after a tame inflation reading, with some investors taking advantage of Thursday’s (Feb 12) sharp sell-off to buy the metal at a lower price.</p>
<div class="lb-trans"><p>[纽约] 随着交易者在温和的通胀数据后提高了对美国联邦储备降息的押注，黄金价格上涨，一些投资者利用周四（2 月 12 日）剧烈抛售的机会以更低的价格购买黄金。</p>
</div><p>US inflation was fairly mild at the start of the year, allaying concern about a bigger jump and boosting expectations that the Fed will trim rates.</p>
<div class="lb-trans"><p>美国年初的通胀相对温和，缓解了对更大幅度上涨的担忧，并提升了市场对美联储降息的预期。</p>
</div><p>The yield on 10-year Treasury pushed lower after the print, with swap traders pricing in around 50 per cent odds of a third cut by December. That helped bullion rise as much as 2.5 per cent. Lower rates typically benefit non-yielding gold.</p>
<div class="lb-trans"><p>在数据公布后，10 年期国债收益率下滑，掉期交易员预计到 12 月有约 50% 的概率会进行第三次降息。这推动黄金价格上涨了 2.5%。较低的利率通常有利于无收益的黄金。</p>
</div><p>“The broader backdrop remains one of elevated volatility following this week’s sharp liquidation across precious metals, but today’s move suggests the correction may have overshot, with bargain‑hunting and position‑adjustments now providing support,” said Ewa Manthey, a commodity strategist at ING Bank.</p>
<div class="lb-trans"><p>ING 银行的商品策略师 Ewa Manthey 表示：“在本周贵金属剧烈清算后，整体背景仍然是高波动性，但今天的走势表明修正可能过度，捡便宜和调整头寸现在提供了支撑。”</p>
</div><p>Gold surged to a record above US$5,595 in late January as a wave of speculative buying pushed the rally to a breaking point, before a rapid rout at the end of the month that pulled it back below US$5,000 an ounce. Despite choppy price movements, gold is set to end this week higher.</p>
<div class="lb-trans"><p>黄金在 1 月底飙升至超过 5,595 美元的历史高位，因投机性买盘推动了涨势达到临界点，但在月底迅速回落，跌回每盎司 5,000 美元以下。尽管价格波动剧烈，黄金本周有望收高。</p>
</div><p>Elsewhere, Chinese markets are closed next week for the Chinese New Year holiday. Demand for precious metals in the country has been frenetic in recent months, helping to power the broader rally.</p>
<div class="lb-trans"><p>此外，中国市场下周因春节假期关闭。近期国内对贵金属的需求非常旺盛，助力了整体涨势。</p>
</div><p>Precious metals should continue to consolidate for a while as Chinese market participants who had been behind some of the volatility, particularly in silver, are on holiday, Commerzbank analysts wrote.</p>
<div class="lb-trans"><p>Commerzbank 分析师表示，贵金属应会继续整固一段时间，因为曾在银价波动中起到重要作用的中国市场参与者正在度假。</p>
</div><p>Spot gold climbed 2.2 per cent to US$5,031.52 an ounce as at 4.31 pm in New York. Silver rose 2.5 per cent to US$77.16 an ounce. Platinum and palladium also gained. The Bloomberg Dollar Spot Index, a gauge of the US currency, was little changed. BLOOMBERG</p>
<div class="lb-trans"><p>截至纽约时间下午 4:31，现货黄金上涨 2.2%，报每盎司 5,031.52 美元。白银上涨 2.5%，报每盎司 77.16 美元。铂金和钯金也有所上涨。彭博美元现货指数，作为美元的衡量标准，变化不大。彭博社</p>
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Gold reclaims US$5,000 as cooling inflation lifts Fed easing bets

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黄金价格重回 5000 美元，因通胀降温提升了市场对美联储放松政策的预期