黄金价格进入“讲故事”阶段
当前金价已远超基本面因素所能解释的水平，但目前尚难预见有何因素能阻挡其上涨势头。
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本文由AI辅助翻译
在经历多年飙升后，黄金价格已进入一个由“讲故事”驱动其价格的领域。
黄金价格已经摆脱了长期以来解释其涨跌的基本面因素，目前正受全球风险和不确定性的叙事推动而上涨，这让一些观察家感觉当今时代与20世纪70年代的淘金热颇为相似。
黄金一直被视为避险资产，因为几个世纪以来，其价格走势与通货膨胀率基本保持同步，尽管期间也经历了繁荣与萧条的周期性波动。
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