---
title: "國泰海通：維持對黃金的戰術性超配觀點"
description: "國泰海通研報認為，全球宏觀流動性的改善與避險情緒上升或支持黃金錶現，維持對黃金的戰術性超配觀點。美聯儲降息、全球地緣政治形勢疊加中國央行持續購金將對黃金定價持續形成有力支撐。在國際地緣政治環境變化導致資本市場波動加劇的宏觀背景下，國泰海通積極看好金價短期表現，亦看多黃金長期配置價值。"
type: "news"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/262055846.md"
published_at: "2025-10-21T12:23:45.000Z"
---

# 國泰海通：維持對黃金的戰術性超配觀點

> 國泰海通研報認為，全球宏觀流動性的改善與避險情緒上升或支持黃金錶現，維持對黃金的戰術性超配觀點。美聯儲降息、全球地緣政治形勢疊加中國央行持續購金將對黃金定價持續形成有力支撐。在國際地緣政治環境變化導致資本市場波動加劇的宏觀背景下，國泰海通積極看好金價短期表現，亦看多黃金長期配置價值。

國泰海通研報認為，全球宏觀流動性的改善與避險情緒上升或支持黃金錶現，維持對黃金的戰術性超配觀點。美聯儲降息、全球地緣政治形勢疊加中國央行持續購金將對黃金定價持續形成有力支撐。在國際地緣政治環境變化導致資本市場波動加劇的宏觀背景下，國泰海通積極看好金價短期表現，亦看多黃金長期配置價值。

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