<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/3.webp?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/3.webp"/></p>
<p>黃金價格在週一繼續強勁下跌，達到自 3 月 30 日以來的最低水平。當前交易價格為 4,545 美元，比今年最高點下跌近 20%。儘管高盛分析師指出了一個主要的潛在催化劑，但這種回撤仍在持續。</p>
<h2>黃金價格因主要阻力而下跌</h2>
<p>週一，黃金價格大幅回落，因為投資者對美國與伊朗之間可能發生的軍事活動感到擔憂。</p>
<p>在週日的聲明中，唐納德·特朗普總統警告伊朗，時間不等人，並敦促其領導人達成協議。</p>
<p>特朗普感到沮喪，因為伊朗並沒有屈服於美國的極端要求，這些要求包括重新開放霍爾木茲海峽和交出核材料。</p>
<p>戰爭的重新爆發將對全球經濟造成災難性影響。原油價格將飆升，各國將面臨短缺，尤其是如果伊朗決定關閉紅海。</p>
<p>這將導致美國和其他國家的通貨膨脹上升。美國勞工統計局（BLS）發佈的報告顯示，消費者價格指數（CPI）躍升至 3.8%，而生產者價格指數（PPI）躍升至 6%。</p>
<p>在高通脹時期，黃金價格往往表現不佳，因為這往往會推高債券收益率。確實，數據顯示，十年期和三十年期的收益率在週一躍升至 4.2% 和 5.15%。這意味着美聯儲可能會在一段時間內維持當前的利率水平。</p>
<h2>高盛預測黃金需求將激增</h2>
<p>由於對需求的擔憂，黃金價格也有所回落。印度的納倫德拉·莫迪已要求公民今年避免購買黃金，因為 <strong>盧比</strong> 貶值。避免購買黃金將防止資金外流。</p>
<p>在過去幾個月中，黃金 ETF 也出現了大量資金流出。數據顯示，SPDR 黃金 ETF（GLD）和 iShares 黃金信託（IAU）今年已損失數十億美元的資產。</p>
<p>儘管如此，高盛分析師認為，強勁的中央銀行購金將對黃金形成利好。在一份報告中，分析師預測中央銀行今年每月將繼續購買至少 60 噸黃金，超過之前的預估。到 3 月的 12 個月累計購金平均約為 50 噸。</p>
<h2>XAU 價格技術分析</h2>
<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/Gold-Price.png?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/Gold-Price.png"/></p>
<p><em>黃金價格圖表 | 來源：</em> <em>TradingView</em></p>
<p>日線圖顯示，黃金價格在過去幾個月中回落，從創紀錄的 5,607 美元降至當前的 4,545 美元。它形成了一條連接今年 1 月以來最高波動的下降趨勢線。</p>
<p>黃金已跌破 50 日移動平均線，表明空頭目前仍在控制。因此，最可能的情況是黃金在短期內繼續承壓。</p>
<p>如果發生這種情況，初始關注目標將是 4,400 美元。然而，若突破下降趨勢線，將會使看跌前景失效，並指向更多的漲幅。這種走勢可能會導致更多的漲幅，潛在地達到心理關口 5,000 美元。</p>
<p>這篇文章的標題為《黃金價格因債券收益率上升而下跌，高盛指出關鍵催化劑》，首次出現在 Invezz 上。</p>

GOLD

阿尼科伊格爾礦業

<p>黃金價格跌至 4,545 美元，較今年峯值下跌近 20%，原因是債券收益率上升以及與伊朗的地緣政治緊張局勢。對通貨膨脹和需求的擔憂，尤其是在印度總理莫迪呼籲公民避免購買黃金之後，進一步加劇了這一下跌。儘管如此，高盛預測中央銀行將繼續增持黃金，可能會提振需求。技術分析顯示，黃金可能仍將承壓，目標價為 4,400 美元，除非突破下降趨勢線</p>

<p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/3.webp" alt="" original-src="https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/3.webp"/></p>
<p>Gold price continued its strong downward trend on Monday, reaching its lowest level since March 30th. It was trading at $4,545, down by nearly 20% from its highest point this year. This retreat continued as headwinds rose, even as Goldman Sachs analysts identified a major potential catalyst.</p>
<div class="lb-trans"><p>黃金價格在週一繼續強勁下跌，達到自 3 月 30 日以來的最低水平。當前交易價格為 4,545 美元，比今年最高點下跌近 20%。儘管高盛分析師指出了一個主要的潛在催化劑，但這種回撤仍在持續。</p>
</div><h2>Gold price drops as major headwinds emerge</h2>
<div class="lb-trans"><h2>黃金價格因主要阻力而下跌</h2>
</div><p>Gold retreated sharply on Monday as investors remained concerned about the potential for kinetic activity between the United States and Iran.</p>
<div class="lb-trans"><p>週一，黃金價格大幅回落，因為投資者對美國與伊朗之間可能發生的軍事活動感到擔憂。</p>
</div><p>In a statement on Sunday, President Donald Trump warned Iran that the clock was ticking as he pushed its leaders to make an agreement.</p>
<div class="lb-trans"><p>在週日的聲明中，唐納德·特朗普總統警告伊朗，時間不等人，並敦促其領導人達成協議。</p>
</div><p>Trump has been frustrated because Iran has not caved to the US maximalistic demands, which include reopening the Strait of Hormuz and handing over the nuclear material.</p>
<div class="lb-trans"><p>特朗普感到沮喪，因為伊朗並沒有屈服於美國的極端要求，這些要求包括重新開放霍爾木茲海峽和交出核材料。</p>
</div><p>A restart of the war would be catastrophic for the world economy. Crude oil prices would surge, with countries having shortages, especially if Iran decides to shut the Red Sea down.</p>
<div class="lb-trans"><p>戰爭的重新爆發將對全球經濟造成災難性影響。原油價格將飆升，各國將面臨短缺，尤其是如果伊朗決定關閉紅海。</p>
</div><p>That, would, in turn, lead to higher inflation in the US and other countries. A report released by the Bureau of Labor Statistics (BLS) showed that the headline Consumer Price Index (CPI) jumped to 3.8%, while the Producer Price Index (PPI) jumped to 6%.</p>
<div class="lb-trans"><p>這將導致美國和其他國家的通貨膨脹上升。美國勞工統計局（BLS）發佈的報告顯示，消費者價格指數（CPI）躍升至 3.8%，而生產者價格指數（PPI）躍升至 6%。</p>
</div><p>Gold price often underperforms in periods of high inflation as this tends to push bond yields higher. Indeed, data shows that the ten-year and thirty-year yields jumped to 4.2% and 5.15% on Monday. This means that the Federal Reserve will likely maintain interest rates at the current level for a while.</p>
<div class="lb-trans"><p>在高通脹時期，黃金價格往往表現不佳，因為這往往會推高債券收益率。確實，數據顯示，十年期和三十年期的收益率在週一躍升至 4.2% 和 5.15%。這意味着美聯儲可能會在一段時間內維持當前的利率水平。</p>
</div><h2>Goldman Sachs predicts gold demand will jump</h2>
<div class="lb-trans"><h2>高盛預測黃金需求將激增</h2>
</div><p>Gold price has also retreated as concerns about demand remains. India’s Narendra Modi has asked his citizens to avoid buying gold this year as the <strong>rupee</strong> plunges. Avoiding gold will prevent currency outflows from the country.</p>
<div class="lb-trans"><p>由於對需求的擔憂，黃金價格也有所回落。印度的納倫德拉·莫迪已要求公民今年避免購買黃金，因為 <strong>盧比</strong> 貶值。避免購買黃金將防止資金外流。</p>
</div><p>Gold ETFs have also had substantial outflows in the past few months. Data shows that the SPDR Gold ETF (GLD) and the iShares Gold Trust (IAU) have shed billions of dollars in assets this year.</p>
<div class="lb-trans"><p>在過去幾個月中，黃金 ETF 也出現了大量資金流出。數據顯示，SPDR 黃金 ETF（GLD）和 iShares 黃金信託（IAU）今年已損失數十億美元的資產。</p>
</div><p>Still, Goldman Sachs analysts believe that the robust central bank accumulation will be bullish for gold. In a note, the analysts predicted that central banks will keep buying at least 60 tons of gold a month this year, higher than the previous estimate. The 12-month accumulation through March averaged about 50 tons of gold.</p>
<div class="lb-trans"><p>儘管如此，高盛分析師認為，強勁的中央銀行購金將對黃金形成利好。在一份報告中，分析師預測中央銀行今年每月將繼續購買至少 60 噸黃金，超過之前的預估。到 3 月的 12 個月累計購金平均約為 50 噸。</p>
</div><h2>XAU price technical analysis</h2>
<div class="lb-trans"><h2>XAU 價格技術分析</h2>
</div><p><img src="https://imageproxy.pbkrs.com/https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/Gold-Price.png" alt="" original-src="https://invezz-wp-media.lon1.digitaloceanspaces.com/2026/05/Gold-Price.png"/></p>
<p><em>Gold price chart | Source:</em> <em>TradingView</em></p>
<div class="lb-trans"><p><em>黃金價格圖表 | 來源：</em> <em>TradingView</em></p>
</div><p>The daily chart shows that gold price has retreated in the past few months, moving from a record high of $5,607 to the current $4,545. It has formed a descending trendline, which connects the highest swings since January this year.</p>
<div class="lb-trans"><p>日線圖顯示，黃金價格在過去幾個月中回落，從創紀錄的 5,607 美元降至當前的 4,545 美元。它形成了一條連接今年 1 月以來最高波動的下降趨勢線。</p>
</div><p>Gold has slumped below the 50-day moving average, a sign that bears remain in control for now. Therefore, the most likely scenario is where gold remains under pressure in the near term.</p>
<div class="lb-trans"><p>黃金已跌破 50 日移動平均線，表明空頭目前仍在控制。因此，最可能的情況是黃金在短期內繼續承壓。</p>
</div><p>If this happens, the initial target to watch will be at $4,400. However, a move above the descending trendline will invalidate the bearish outlook and point to more gains. Such a move will lead to more gains, potentially to the psychological point at $5,000.</p>
<div class="lb-trans"><p>如果發生這種情況，初始關注目標將是 4,400 美元。然而，若突破下降趨勢線，將會使看跌前景失效，並指向更多的漲幅。這種走勢可能會導致更多的漲幅，潛在地達到心理關口 5,000 美元。</p>
</div><p>The post Gold price drops as bond yields rise and Goldman Sachs flags key catalyst appeared first on Invezz</p>
<div class="lb-trans"><p>這篇文章的標題為《黃金價格因債券收益率上升而下跌，高盛指出關鍵催化劑》，首次出現在 Invezz 上。</p>
</div>

Gold price drops as bond yields rise and Goldman Sachs flags key catalyst

invezz

Gold.com

Kinross Gold

紐蒙特礦業

山東黃金

中金黃金

黃金礦 ETF - Sprott

易方達黃金礦-U

實物黃金股 ETF - ETFS

金礦小盤股 ETF - VanEck Vectors

2 倍做多小型金礦指數 ETF - Direxion

2 倍做空金礦指數 ETF - Direxion

3 倍做多黃金礦業 ETN - MicroSectors

易方達黃金礦業ETF

2 倍做空小型金礦指數 ETF - Direxion

華夏黃金ETF

易方達黃金礦-R

Roundhill Gold Miners Weeklypay ETF

黃金 ETF - iShares

金礦股 ETF - VanEck Vectors

初級黃金礦股 ETF

SPDR 金 ETF

黃金勘探商 ETF - GlobalX

高盛

GS Hldg R

由於債券收益率上升，黃金價格下跌，摩根士丹利指出了關鍵的催化劑