全球动荡和美联储降息预期中，金价创历史新高

在地缘政治紧张局势、美联储降息预期以及央行强劲需求等推动下，4月3日黄金现货价格飙升至每盎司2,313.50美元的历史新高。专家预计，随着美联储降息，黄金上涨势头进一步增强。这可能会在今年下半年开始，被视为对贵金属有利。此次飙升延续了积极经济数据推动的为期一周的涨势，建议投资者在美联储降息周期开始之前买入黄金股。

Gold Surges to Record High Amid Geopolitical Tensions and Fed Rate Cut Expectations

地缘政治紧张和美联储降息预期推动金价飙升至历史新高

On Wednesday, April 3, the price of gold soared to an unprecedented high of US$2,313.50 per ounce, marking a continuation of a sustained rally fueled by geopolitical uncertainties and growing anticipation of interest rate cuts by the United States Federal Reserve.

4月3日星期三，金价飙升至每盎司2,313.50美元的前所未有的高位，标志着在地缘政治不确定性和美联储降息预期增强的推动下持续上涨。

Geopolitical Tensions and Economic Data Bolster Gold Demand

地缘政治紧张局势和经济数据提振黄金需求

Heightened tensions in the Middle East and other regions, coupled with the release of positive economic data, have contributed to the bullish momentum in the gold market. The precious metal is often viewed as a safe haven during times of uncertainty, leading investors to seek its refuge in anticipation of possible market downturns.

中东等地区紧张局势加剧，加上积极的经济数据公布，推动了黄金市场的看涨势头。在不确定时期，贵金属通常被视为避风港，导致投资者在预期市场可能低迷的情况下寻求避险。

Fed Interest Rate Cuts: A Catalyst for Gold

美联储降息：黄金的催化剂

Market experts anticipate that the Fed's expected interest rate cuts in the latter half of 2023 will provide further impetus for gold prices. Lower interest rates typically lead to increased demand for gold as they reduce the attractiveness of interest-bearing investments.

市场专家预计，美联储2023年下半年降息的预期将为金价提供进一步推动。较低的利率通常会导致黄金需求增加，因为它们降低了生息投资的吸引力。

Expert Perspectives on Gold's Future

专家对黄金未来的看法

Lobo Tiggre, CEO of IndependentSpeculator.com, believes that the Fed's upcoming rate-cutting cycle will have a positive impact on gold, benefiting not only the metal but also associated equities. Brien Lundin, editor of Gold Newsletter, echoes this sentiment, noting that the market is pricing in a potential Fed pivot.

IndependentSpeculator.com首席执行官Lobo Tiggre认为，美联储即将到来的降息周期将对黄金产生积极影响，不仅有利于黄金，还有相关股票。 《黄金通讯》编辑布赖恩·伦丁（Brien Lundin）也赞同这种观点，并指出市场正在消化美联储潜在的转向。

However, experts caution that the timing of the Fed's first rate cut remains uncertain, leading to some volatility in the gold market. Nevertheless, Lundin emphasizes that the Fed will likely have to pivot this year due to the rising cost of servicing federal debt at current interest rate levels. This, in turn, will likely boost gold prices.

不过，专家警告称，美联储首次降息的时间仍不确定，导致黄金市场出现一定波动。尽管如此，伦丁强调，由于在当前利率水平下偿还联邦债务的成本不断上升，美联储今年可能不得不调整策略。这反过来可能会提振金价。

Jerome Powell's Speech and Fed Rate Cut Expectations

杰罗姆·鲍威尔的讲话和美联储降息预期

In a speech at the Stanford Graduate School of Business on Wednesday, Fed Chair Jerome Powell indicated that the central bank is in no rush to ease monetary policy, emphasizing the need for inflation to cool further. Powell stated that the Fed does not anticipate lowering interest rates until it has greater confidence in inflation's trajectory toward the target of 2%.

美联储主席杰罗姆·鲍威尔周三在斯坦福商学院发表演讲时表示，央行并不急于放松货币政策，强调通胀需要进一步降温。鲍威尔表示，在对通胀朝着2%目标的轨迹更有信心之前，美联储预计不会降息。

Despite this cautious stance, Powell's speech did not dampen expectations of interest rate cuts in 2024. Bart Melek, global head of commodity strategy at TD Securities, noted that this possibility remains a positive factor for gold as it indicates that the Fed will reduce rates before reaching its inflation target.

尽管立场谨慎，但鲍威尔的讲话并没有浇灭2024年降息的预期。道明证券(TD Securities)大宗商品策略全球主管巴特·梅莱克(Bart Melek)指出，这种可能性对黄金来说仍然是一个积极因素，因为这表明美联储将在2024年之前降息。达到其通胀目标。

Gold Market Projections

黄金市场预测

Chris Blasi, president of Neptune Global, projects that gold is currently in the third leg of a two-decade bull market. He anticipates significant returns for investors who have held precious metals for over a decade.

Neptune Global 总裁 Chris Blasi 预计，黄金目前正处于二十年牛市的第三阶段。他预计持有贵金属十多年的投资者将获得丰厚回报。

Gold Stocks Lag Behind Gold Prices

黄金股票落后于金价

Despite the record-high gold prices, gold equities have not experienced a commensurate upswing. Rick Rule, proprietor at Rule Investment Media, highlights the significant disconnect between gold metal and gold stock values and believes that the lack of interest in gold equities could be their greatest asset.

尽管金价创下历史新高，但黄金股票并未经历相应的上涨。 Rule Investment Media 的老板 Rick Rule 强调了黄金金属和黄金股票价值之间的显着脱节，并认为对黄金股票缺乏兴趣可能是他们最大的资产。

Tiggre agrees, noting that gold stocks are facing a lack of interest, which presents investment opportunities. Experts suggest that investors consider positioning themselves in gold stocks before the Fed makes its first rate cut to capitalize on potential bargains.

蒂格雷对此表示同意，并指出黄金股正面临缺乏兴趣，这提供了投资机会。专家建议投资者考虑在美联储首次降息之前买入黄金股，以利用潜在的便宜货。

Conclusion

结论

The price of gold has soared to unprecedented heights, driven by geopolitical tensions, strong central bank buying, and expectations of Fed interest rate cuts. While the exact timing of the Fed's pivot remains uncertain, experts anticipate that gold will continue to perform well in the medium and long term. Investors are advised to conduct due diligence and consider their own risk tolerance before making any investment decisions.

在地缘政治紧张局势、央行强劲买盘以及美联储降息预期的推动下，金价飙升至前所未有的高度。尽管美联储转向的具体时机仍不确定，但专家预计黄金中长期将继续表现良好。建议投资者在做出任何投资决定之前进行尽职调查并考虑自身的风险承受能力。