<p>作者：Barbara Kollmeyer</p>
<p>在今年表现平平之后，黄金价格面临压力。</p>
<p>尽管股票在周五遭遇重挫，但黄金也遭遇了抛售。策略师表示，这一下跌可能远未结束。</p>
<p>周一，黄金期货（GC00）下跌约 1%，至每盎司 4,321.80 美元，收窄了早些时候的更大跌幅。根据道琼斯市场数据，周五黄金下跌 3%，创下自 3 月 26 日以来最大单日百分比跌幅，并且周跌幅为 4.9%，是自 3 月 20 日当周以来的最大跌幅。</p>
<p>周五，黄金价格跌破了一个关键技术水平——每盎司 4,443.4 美元的 200 日移动平均线，Yardeni Research 创始人 Ed Yardeni 指出。他在周日给客户的报告中表示：“我们认为下一个支撑位在 4,000 美元。” 他补充说，他们并没有放弃对黄金的看涨预期。</p>
<p>这位资深策略师坚持认为，一旦伊朗战争结束，黄金的反弹应该会恢复。他的目标是到今年年底达到 5,500 美元，到本世纪末达到 10,000 美元。今年黄金价格下跌了 0.2%，而在 2025 年曾上涨超过 70%。</p>
<p>黄金的下跌跟随了周五好于预期的 5 月美国就业报告，这进一步强化了经济韧性的形象，表明不需要降息。由于黄金是一种无收益资产，较高的利率往往对其不利。</p>
<p>周五，2 年期国债收益率 BX:TMUBMUSD10Y 跃升至 4.160%，为 2025 年 2 月 24 日以来的最高收益率，周一上升至 4.178%。</p>
<p>ICE 美元指数 DXY 周一徘徊在 100 以上，如果这种情况持续，将是自 3 月 30 日以来的最高收盘价，当时收于 100.51。</p>
<p>Saxo Bank 商品策略主管 Ole Hansen 表示，黄金的技术面也变得更加严峻。他指出，投资者最近大量涌入，空头头寸大幅减少——这是一种看跌立场——同时伴随着新的多头或看涨头寸的购买。</p>
<p>这使得黄金 “一旦关键支撑位失守，变得越来越脆弱，容易出现技术性回调。”</p>
<p>周一，白银（SI00）的跌幅甚至超过黄金，商品下跌 2.4%，至每盎司 67.41 美元，此前周五下跌 6.5%，创下自 5 月 15 日以来最大单日百分比跌幅。</p>
<p>阅读：即将召开的美联储会议的关键？Warsh 如何对所有加息暗示作出反应。</p>
<p>-Barbara Kollmeyer</p>
<p>此内容由 MarketWatch 创作，MarketWatch 由道琼斯公司运营。MarketWatch 与道琼斯新闻通讯和《华尔街日报》独立出版。</p>
<p>（完）道琼斯新闻通讯</p>
<p>06-08-26 0714ET</p>

黄金 ETF - iShares

实物白银股票 ETF - ETFS

白银信托 ETF - iShares

<p>黄金经历了自三月以来最严重的抛售，周五下跌了 3%，一周累计下跌 4.9%。资深策略师 Ed Yardeni 将 4000 美元视为下一个支撑位，并维持到本世纪末的长期看涨目标为 10000 美元。此次下跌是由于美国强劲的就业数据增强了对利率不降的预期，推动了美元和国债收益率的上涨。白银也遭遇了显著的损失</p>

<p>By Barbara Kollmeyer</p>
<div class="lb-trans"><p>作者：Barbara Kollmeyer</p>
</div><p>After a lackluster year so far, the pressure is on for gold prices.</p>
<div class="lb-trans"><p>在今年表现平平之后，黄金价格面临压力。</p>
</div><p>While stocks had a hard day on Friday, a selloff also hit gold. Strategists say that the fall may be far from over.</p>
<div class="lb-trans"><p>尽管股票在周五遭遇重挫，但黄金也遭遇了抛售。策略师表示，这一下跌可能远未结束。</p>
</div><p>Gold futures (GC00) fell around 1% to $4,321.80 an ounce on Monday, paring a bigger drop from earlier. On Friday, gold slumped 3% for its largest one-day percentage drop since March 26, and fell a weekly 4.9%, the biggest such drop since the week ending March 20, according to Dow Jones Market Data.</p>
<div class="lb-trans"><p>周一，黄金期货（GC00）下跌约 1%，至每盎司 4,321.80 美元，收窄了早些时候的更大跌幅。根据道琼斯市场数据，周五黄金下跌 3%，创下自 3 月 26 日以来最大单日百分比跌幅，并且周跌幅为 4.9%，是自 3 月 20 日当周以来的最大跌幅。</p>
</div><p>Gold dipped below a key technical level as well on Friday - its 200-day moving average of $4,443.4 per ounce, noted Ed Yardeni, founder of Yardeni Research. &#34;We reckon the next support is at $4,000,&#34; he told clients in a note on Sunday. He added that they aren't giving up on their gold bullishness.</p>
<div class="lb-trans"><p>周五，黄金价格跌破了一个关键技术水平——每盎司 4,443.4 美元的 200 日移动平均线，Yardeni Research 创始人 Ed Yardeni 指出。他在周日给客户的报告中表示：“我们认为下一个支撑位在 4,000 美元。” 他补充说，他们并没有放弃对黄金的看涨预期。</p>
</div><p>The veteran strategist has maintained that, once the Iran war is over, gold's rally should resume. He is targeting $5,500 by the end of this year and $10,000 by the end of the decade. Gold has dropped 0.2% this year after a rally of over 70% in 2025.</p>
<div class="lb-trans"><p>这位资深策略师坚持认为，一旦伊朗战争结束，黄金的反弹应该会恢复。他的目标是到今年年底达到 5,500 美元，到本世纪末达到 10,000 美元。今年黄金价格下跌了 0.2%，而在 2025 年曾上涨超过 70%。</p>
</div><p>Gold's slump has followed Friday's better-than-expected May U.S. employment report, which reinforced the picture of a resilient economy that didn't need interest-rate cuts. As gold is a nonyielding asset, higher interest rates tend to work against it.</p>
<div class="lb-trans"><p>黄金的下跌跟随了周五好于预期的 5 月美国就业报告，这进一步强化了经济韧性的形象，表明不需要降息。由于黄金是一种无收益资产，较高的利率往往对其不利。</p>
</div><p>The yield on the 2-year Treasury note BX:TMUBMUSD10Y jumped to 4.160% on Friday - its highest yield since Feb. 24, 2025 - and was up to 4.178% on Monday.</p>
<div class="lb-trans"><p>周五，2 年期国债收益率 BX:TMUBMUSD10Y 跃升至 4.160%，为 2025 年 2 月 24 日以来的最高收益率，周一上升至 4.178%。</p>
</div><p>The ICE Dollar Index DXY was hovering over 100 on Monday, and should that continue, it would be the highest close since March 30, when it closed at 100.51.</p>
<div class="lb-trans"><p>ICE 美元指数 DXY 周一徘徊在 100 以上，如果这种情况持续，将是自 3 月 30 日以来的最高收盘价，当时收于 100.51。</p>
</div><p>Ole Hansen, head of commodities strategy at Saxo Bank, said the technical picture has also gotten tougher for gold. He noted that investors had been piling in recently, with a sharp reduction in gross short positions - a bearish stance - combined with fresh buying of long or bullish positions.</p>
<div class="lb-trans"><p>Saxo Bank 商品策略主管 Ole Hansen 表示，黄金的技术面也变得更加严峻。他指出，投资者最近大量涌入，空头头寸大幅减少——这是一种看跌立场——同时伴随着新的多头或看涨头寸的购买。</p>
</div><p>That left gold &#34;increasingly vulnerable to a technical setback once key support levels gave way.&#34;</p>
<div class="lb-trans"><p>这使得黄金 “一旦关键支撑位失守，变得越来越脆弱，容易出现技术性回调。”</p>
</div><p>Silver's (SI00) losses were even bigger than gold's on Monday, with the commodity down 2.4% to $67.41 an ounce, after falling 6.5% on Friday, its biggest one-day percentage fall since May 15.</p>
<div class="lb-trans"><p>周一，白银（SI00）的跌幅甚至超过黄金，商品下跌 2.4%，至每盎司 67.41 美元，此前周五下跌 6.5%，创下自 5 月 15 日以来最大单日百分比跌幅。</p>
</div><p>Read: The key to the upcoming Fed meeting? How Warsh reacts to all the hints of a rate hike.</p>
<div class="lb-trans"><p>阅读：即将召开的美联储会议的关键？Warsh 如何对所有加息暗示作出反应。</p>
</div><p>-Barbara Kollmeyer</p>
<div class="lb-trans"><p>-Barbara Kollmeyer</p>
</div><p>This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal.</p>
<div class="lb-trans"><p>此内容由 MarketWatch 创作，MarketWatch 由道琼斯公司运营。MarketWatch 与道琼斯新闻通讯和《华尔街日报》独立出版。</p>
</div><p>(END) Dow Jones Newswires</p>
<div class="lb-trans"><p>（完）道琼斯新闻通讯</p>
</div><p>06-08-26 0714ET</p>
<div class="lb-trans"><p>06-08-26 0714ET</p>
</div>

Gold just had its worst selloff since March. A floor may be $4,000, says one veteran strategist

Dow Jones

2 倍做多白银 ETF - ProShares

ETFS Capital Ltd.

德银美元指数 做多 - PowerShares

黄金 MiniShares 信托 - SPDR

黄金 ETF - SPDR

WisdomTree Silver

2 倍做多黄金 ETF - ProShares

华夏黄金ETF

Sprott PHYs Silver

实物黄金股 ETF - ETFS

2 倍做空白银 ETF - ProShares

黄金刚刚经历了自三月份以来最严重的抛售。一位资深策略师表示，底部可能在 4,000 美元