全球最大黄金ETF--SPDR Gold Trust 持仓较上日增加7.57吨，当前持仓量为1035.93吨，为连续两日大幅增持。隔夜黄金白银大幅上涨，黄金价格创下近四个月高点，白银价格创下三个月高点。
美市盘中，现货黄金大幅拉升，最高触及1868.42美元/盎司，为2月2日以来首次突破1860美元关口，较日低拉升近28美元。现货白银上涨2.73%，收报28.16美元/盎司，此前曾触及2月23日以来的最高水平28.28美元。
Kitco分析师Jimy Wyckoff指出，这两种贵金属的涨势受到了全球股市走势的支撑。黄金和白银的技术图表看涨，这也让目前的金属多头非常有信心。
近期拜登提出关注调控大宗商品进口税率以调整通胀，结合本周在CPI公布后美联储接连维稳使得风险资产反弹可知，美联储不愿因短期内的异常数据轻易引发市场波动，这为近期通胀交易下，之前一直处于洼地的贵金属价格提供了短期支撑和情绪上升动力。
市场仍然觉得联储的态度需要同时在乎通胀和就业，因此本周的通胀超预期表现之后，盘中贵金属经过过山车的博弈之后，最后收跌；但联储的货币政策态度现在更关注就业，4月份非农数据的不及预期明显限制住了联储的手脚，起码在下一次明显超预期的就业数据出来之前，联储很难有明显的收紧的表态，这就给了贵金属多头短暂的滞胀交易窗口。
这种短暂的时间段，预计不会持续太久，毕竟美国的就业数据尽管不及预期，可是用工荒的情况也在各地延续，只要疫情能够持续受控，就业数据改善的情况预计就能继续下去，贵金属随时可能会迎来联储转向这一大利空。
短期押注的是交易滞胀的窗口期，中期押注的是美国经济强基本面，联储会提前收紧，所以短期多中期空，或者干脆放弃短期做多的机会，等待合适的点位做空也行。
通胀超预期，美联储收紧政策预期加强，经济恢复不确定性增加。美国CPI和核心通胀大超预期。商品和服务价格涨幅都有所扩大，服务价格上涨更为显著。美国3月中旬1.9万亿美元财政刺激落地，对消费起到提振作用。叠加疫苗接种率提高有助于外出活动恢复，推升物价上涨。未来通胀超预期上行或增添货币政策走势不确定性，加大市场波动。
建议贵金属观望或短多。贵金属当前矛盾集中在美债收益率和通胀撕裂程度，差值未收敛前难有趋势性机会，短期价格有“滞涨”交易逻辑的支持，建议观望或者短多。
文章评论
<a href=http://stromectol.homes/>köpa stromectol</a> This could imply the existence of segmental differences in the effects of chronic estrogen treatment on NO dependent relaxation within the cerebral vascular system
Inositol Hexaphosphate <a href=http://nolvadex.one/>buy nolvadex</a> This illustrates the close packing of the compounds in the protein cavity that lies just above the intracellular exit of the channel
But tumor marker levels don t go up in all women, so these tests aren t always helpful, and they aren t used to watch for cancer recurrence in women without any symptoms <a href=https://priligy.me/>priligy dapoxetine</a>
Mice carrying the Spint2 deletion all died within 6 days of initiating tamoxifen treatment <a href=https://doxycycline.world/>azithreomycin canadian pharmacy</a> Eur J Clin Nutr 53 10 764 70, 1999
NSAIDs such as diclofenac, ibuprofen and mefenamic acid are often given to relieve the pain associated with endometriosis <a href=http://stromectol.ink/>stromectol canada buy</a>
When chemotherapy is offered, the limited availability and cost of treatment lead to high rates of interruption and premature termination of cycles <a href=https://clomid.mom/>clomiphene pills</a> This doesn t make sense, since I have a prescription for three months
<a href=https://lasix.autos/>lasix and kidney function</a> 69 mmol in dimethylformamide 5 mL was stirred for 30 minutes
levofloxacin uk <a href="http://gnlevaqu.com/">buy levaquin 250mg for sale</a>
dutasteride over the counter <a href="https://gnfloma.com/">brand flomax 0.4mg</a> order zofran 4mg pill
spironolactone 100mg sale <a href="https://gpdifluca.com/">fluconazole 100mg sale</a> brand fluconazole
ampicillin 500mg without prescription <a href="https://gperythromycin.com/">erythromycin 500mg pills</a> cheap erythromycin 500mg
sildenafil 100mg brand <a href="https://justcarepro.com/">purchase bimatoprost sale</a> order robaxin generic
Thechange ended the random assignment of big cases, a move thatbankruptcy lawyers viewed as a signal that complex filings wouldbe handled by experienced judges <a href=http://ccialiss.top>buy cialis online no prescription</a> There is a synergy between this product and beta andrenergic drugs such as Clenbuterol, ephedrine, synephrine, and norephedrine
If you re diagnosed with DCIS, your pathology report will come with a grade <a href=https://zithromax.one>buy zithromax online overnight shipping</a> It puts a huge strain on my personal and professional relationships due to my inability to remember events and tasks
sildenafil without prescription <a href="https://fsildalis.com/">sildenafil uk</a> estrace online buy
lamotrigine 50mg price <a href="https://fstprazosin.com/">buy prazosin 1mg sale</a> buy tretinoin online cheap
Cox 1 expression remained unchanged, whereas Cox 2 expression was significantly reduced 15 fold in the medulla and 8 fold in the cortex in the iCox 2 KO mice Figure 1A and 1B <a href=https://cialis.homes>cialis for sale online</a> 8023, revised 1978
tadalafil 10mg brand <a href="https://fsttadalis.com/">buy tadalafil 20mg online</a> cost diclofenac 50mg
accutane 40mg cheap <a href="https://ztmaxpill.com/">azithromycin 500mg brand</a> order generic zithromax
order generic indomethacin <a href="https://fstindoci.com/">order indocin 50mg online cheap</a> purchase amoxicillin online
tadalafil medication <a href="https://edsildenafilx.com/">Sample viagra</a> order viagra 50mg
anastrozole 1 mg us <a href="https://getviagx.com/">order viagra professional</a> order viagra 50mg sale
The taste masked compositions can be in the form of tablets, capsules, particles, beads, powders, and troches, or in a liquid suspension <a href=http://priligy.homes>cronadyn vs priligy</a>
cialis 40mg gГ©nГ©rique <a href="https://sildefr.com/">acheter 100mg du viagra</a> sildenafil 25mg generique en pharmacie
deltasone 10mg sale <a href="https://getciax.com/">cialis 5mg tablets</a> female viagra cvs
tadalafil 5mg kaufen <a href="https://tadalafide.com/">original cialis 5mg rezeptfrei sicher kaufen</a> sildenafil 100mg kaufen
isotretinoin us <a href="https://getaccutx.com/">brand isotretinoin</a> stromectol pills
In 2004 I went to my Dr <a href=https://stromectol.mom>buy stromectol for dogs</a>
cost provigil 100mg <a href="https://edcials.com/">Buy cialis discount</a> acetazolamide 250mg over the counter
buy doxycycline without prescription <a href="https://alasixgde.com/">lasix online buy</a> lasix 100mg without prescription
altace 10mg brand <a href="https://buyazelastin.com/">astelin canada</a> astelin us
order clonidine 0.1mg online cheap <a href="https://getiotropium.com/">spiriva pills</a> brand tiotropium bromide 9 mcg
buy buspar without prescription <a href="https://buycordaro.com/">cordarone medication</a> oral ditropan
buy terazosin 5mg generic <a href="https://leflunomidep.com/">order arava 20mg online cheap</a> order azulfidine 500 mg generic
buy olmesartan 20mg sale <a href="https://getdiamo.com/">buy acetazolamide pills</a> diamox pill
buy generic prograf 1mg <a href="https://gnpepcid.com/">urso 300mg usa</a> buy urso 150mg online cheap
oral bupropion 150 mg <a href="https://gtomoxetine.com/">purchase strattera generic</a> brand quetiapine 50mg
order molnupiravir 200mg pills <a href="https://buycefdinir.com/">purchase omnicef generic</a> lansoprazole 30mg over the counter
buy zoloft 50mg online <a href="https://gsertraline.com/">zoloft 50mg oral</a> purchase sildenafil generic
salbutamol over the counter <a href="https://viafedfil.com/">purchase sildenafil without prescription</a> viagra for sale
genuine cialis <a href="https://getclspl.com/">order tadalafil 5mg online</a> real viagra
tadalafil 10mg tablet <a href="https://buypyridiu.com/">phenazopyridine 200mg over the counter</a> order generic symmetrel 100 mg
buy naltrexone online <a href="https://gnaltrexone.com/">naltrexone 50 mg drug</a> aripiprazole over the counter
provera order <a href="https://gperiacti.com/">buy cyproheptadine 4 mg online cheap</a> buy cyproheptadine 4mg pills
modafinil canada <a href="https://phastromectol.com/">generic stromectol 3mg</a> ivermectin 3mg pills
fluvoxamine 100mg price <a href="https://gfluvoxamine.com/">purchase fluvoxamine</a> buy glipizide 10mg online cheap
buy isotretinoin 20mg generic <a href="https://famoxicillin.com/">amoxil 250mg us</a> deltasone 20mg cheap
buy piracetam generic <a href="https://bpiracetam.com/">order nootropil 800 mg for sale</a> sildenafil fast shipping
order azithromycin 500mg for sale <a href="https://azithromypin.com/">order zithromax 500mg sale</a> order gabapentin 600mg online cheap
cialis 40mg canada <a href="https://erctcls.com/">cialis mail order us</a> sildenafil 50mg canada