<p>[新加坡] 在国际能源署（IEA）提议史上最大规模的石油储备释放以缓解中东战争造成的需求冲击后，黄金价格上涨。</p><p>黄金价格突破每盎司 5200 美元，较前一交易日上涨 1%。IEA 的提议在《华尔街日报》上报道，预计释放的石油储备将超过 2022 年俄罗斯入侵乌克兰后释放的 1.82 亿桶。原油价格放弃了早前的涨幅，而美元指数下滑了 0.1%。</p><p>随着美以战争在伊朗进入第 12 天，投资者也在消化美国官员的矛盾信息。白宫表示，美国并未通过霍尔木兹海峡护送油轮，这与能源部长克里斯·赖特（Chris Wright）之前在社交媒体上发布的现已删除的帖子相矛盾。通常是全球五分之一的石油和液化天然气运输通道的水道，航运几乎完全停止。</p><p>对于黄金而言，能源价格的极端波动加剧了对通货膨胀的担忧，进而降低了市场对美国联邦储备委员会及其他中央银行能够降息的预期。更高的借贷成本对不支付利息的贵金属构成了阻力。今年黄金价格已上涨约五分之一，也是投资者用来支撑其投资组合其他部分的流动性来源。</p><p>自战争爆发以来，交易所交易基金持有的黄金量有所下降。根据彭博社的数据，上周总持有量减少了近 30 吨，创下两年多以来的最大周度抛售。</p><p>然而，这种贵金属仍然保持在每盎司 5000 美元以上的水平，在地缘政治和贸易动荡期间作为避险资产找到了一些支撑。“总体而言，我认为在价格疲软时购买黄金是值得的，” DNCA Invest 战略资源基金的投资组合经理亚历山大·卡里尔（Alexandre Carrier）表示。</p><p>与此同时，战争继续扰乱中东的原油生产和精炼。美国和以色列在对伊朗的攻击中进行了迄今为止最激烈的一天，五角大楼周二表示，直到伊朗被击败，他们不会放弃，语气比特朗普总统早前暗示冲突可能很快结束时更加激进。</p><p>交易员们也削减了他们对美联储今年降息的预期，预计周三公布的数据将显示，2 月份的通胀仍远高于中央银行的目标，即使在冲突爆发之前。</p><p>截至新加坡时间上午 9:17，现货黄金上涨 0.5%，报每盎司 5218.42 美元。白银上涨 0.7%，报 88.92 美元。铂金上涨 1%，钯金上涨 1.3%。彭博美元现货指数下滑 0.1%。彭博社</p>

紫金矿业

纽蒙特矿业

华夏中证沪深港黄金产业股票ETF

<p>黄金价格上涨，因国际能源署（IEA）计划释放创纪录的石油储备，以缓解持续的中东冲突带来的需求冲击。黄金价格超过每盎司 5200 美元，之前上涨了 1%。IEA 的提议超过了俄罗斯入侵乌克兰后释放的 1.82 亿桶石油。美元走弱，尽管近期 ETF 持有量下降，黄金仍然是地缘政治紧张局势下的避风港。分析师建议在价格回调时买入黄金，因为通胀担忧依然存在，降息的可能性较小</p>

<p>[SINGAPORE] Gold advanced after a report that the International Energy Agency (IEA) is proposing the largest-ever release of oil reserves to ease a demand shock caused by the war in the Middle East.</p>
<div class="lb-trans"><p>[新加坡] 在国际能源署（IEA）提议史上最大规模的石油储备释放以缓解中东战争造成的需求冲击后，黄金价格上涨。</p>
</div><p>Bullion pushed above US$5,200 an ounce, having gained 1 per cent in the previous session. The IEA proposal, which was reported by The Wall Street Journal, envisages a release in excess of the 182 million barrels that followed Russia’s invasion of Ukraine in 2022. Crude prices gave up earlier gains, while a gauge of the US dollar slipped as much as 0.1 per cent.</p>
<div class="lb-trans"><p>黄金价格突破每盎司 5200 美元，较前一交易日上涨 1%。IEA 的提议在《华尔街日报》上报道，预计释放的石油储备将超过 2022 年俄罗斯入侵乌克兰后释放的 1.82 亿桶。原油价格放弃了早前的涨幅，而美元指数下滑了 0.1%。</p>
</div><p>As the US-Israeli war in Iran entered its 12th day, investors were also digesting conflicting messages from American officials. The White House said the US had not escorted an oil tanker through the Strait of Hormuz, contradicting a now-deleted social media post by Energy Secretary Chris Wright. Shipping has all but stopped through the waterway that’s typically a conduit for a fifth of the world’s oil and liquefied natural gas.</p>
<div class="lb-trans"><p>随着美以战争在伊朗进入第 12 天，投资者也在消化美国官员的矛盾信息。白宫表示，美国并未通过霍尔木兹海峡护送油轮，这与能源部长克里斯·赖特（Chris Wright）之前在社交媒体上发布的现已删除的帖子相矛盾。通常是全球五分之一的石油和液化天然气运输通道的水道，航运几乎完全停止。</p>
</div><p>For gold, the extreme volatility in energy prices has increased concerns over inflation, in turn reducing expectations that the US Federal Reserve and other central banks will be able to cut interest rates. Higher borrowing costs are a headwind for precious metals, which do not pay interest. Bullion, which has gained around a fifth this year, is also a source of liquidity used by investors to shore up other parts of their portfolios.</p>
<div class="lb-trans"><p>对于黄金而言，能源价格的极端波动加剧了对通货膨胀的担忧，进而降低了市场对美国联邦储备委员会及其他中央银行能够降息的预期。更高的借贷成本对不支付利息的贵金属构成了阻力。今年黄金价格已上涨约五分之一，也是投资者用来支撑其投资组合其他部分的流动性来源。</p>
</div><p>Since war broke out, the volume of gold held by exchange-traded funds has declined. Total holdings fell by nearly 30 tonnes last week, marking the biggest weekly selloff in more than two years, according to data compiled by Bloomberg.</p>
<div class="lb-trans"><p>自战争爆发以来，交易所交易基金持有的黄金量有所下降。根据彭博社的数据，上周总持有量减少了近 30 吨，创下两年多以来的最大周度抛售。</p>
</div><p>The precious metal, however, has held above the US$5,000-an-ounce level, finding some support as a haven asset during a period of geopolitical and trade upheaval. “Overall, I think it’s worth buying gold on weakness,” said Alexandre Carrier, portfolio manager at the DNCA Invest Strategic Resources fund.</p>
<div class="lb-trans"><p>然而，这种贵金属仍然保持在每盎司 5000 美元以上的水平，在地缘政治和贸易动荡期间作为避险资产找到了一些支撑。“总体而言，我认为在价格疲软时购买黄金是值得的，” DNCA Invest 战略资源基金的投资组合经理亚历山大·卡里尔（Alexandre Carrier）表示。</p>
</div><p>Meanwhile, the war continues to disrupt crude production and refining across the Middle East. The US and Israel conducted their most intense day of attacks yet against Iran and won’t give up until the Islamic Republic is beaten, the Pentagon said on Tuesday, striking a more aggressive tone after President Donald Trump’s earlier indication that the conflict could end soon.</p>
<div class="lb-trans"><p>与此同时，战争继续扰乱中东的原油生产和精炼。美国和以色列在对伊朗的攻击中进行了迄今为止最激烈的一天，五角大楼周二表示，直到伊朗被击败，他们不会放弃，语气比特朗普总统早前暗示冲突可能很快结束时更加激进。</p>
</div><p>Traders have also pared the amount of Fed policy easing they expect this year ahead of data due Wednesday that’s projected to show February inflation remained well above the central bank’s target, even before the fighting erupted.</p>
<div class="lb-trans"><p>交易员们也削减了他们对美联储今年降息的预期，预计周三公布的数据将显示，2 月份的通胀仍远高于中央银行的目标，即使在冲突爆发之前。</p>
</div><p>Spot gold rose 0.5 per cent to US$5,218.42 an ounce as at 9.17 am in Singapore. Silver added 0.7 per cent to US$88.92. Platinum gained 1 per cent and palladium was up 1.3 per cent. The Bloomberg Dollar Spot Index slipped 0.1 per cent. BLOOMBERG</p>
<div class="lb-trans"><p>截至新加坡时间上午 9:17，现货黄金上涨 0.5%，报每盎司 5218.42 美元。白银上涨 0.7%，报 88.92 美元。铂金上涨 1%，钯金上涨 1.3%。彭博美元现货指数下滑 0.1%。彭博社</p>
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在报告称释放石油库存以缓解冲击后，黄金价格上涨