Kutheni iChina ingoyena Mthengi weGolide mkhulu kwihlabathi

Iintengiso zobucwebe:

Igolide idlala indima eyomeleleyo kwimibhiyozo yesiNtu e-China, kwaye inesiphiwo emitshatweni nasekuzalweni, ngelixa intengiso yegolide yokuhombisa nayo ijikeleza kuNyaka oMtsha weLunar nangeVeki yeGolide ngo-Okthobha. Ngexesha apho iintengiso zobucwebe begolide zimile okanye ziwa kwiimarike ezininzi, zenyuka ngeepesenti ezi-3 e-China ngo-2018 ukuya kufikelela kwiminyaka emithathu ephezulu ye-23.7 yezigidi zee-ounces ezibalelwa kwi-30 yepesenti yehlabathi lilonke,

ngokweWorld Gold Council

(WGC). Ubutyebi obukhulayo bodidi oluphakathi lwaseTshayina kulindeleke ukuba buqhubeke nokuxhasa lo mkhwa ukuya phambili.

Amashishini:

I-China iyaqhubeka nokuba ngumthengi obalulekileyo wegolide wokusetyenziswa kwimizi-mveliso, ngakumbi kubathengi be-elektroniki abaphezulu, iimoto zombane, ii-LED kunye neebhodi zeesekethe eziprintiweyo. Oko kwatsho,

Uxinzelelo lwezorhwebo lwase-U.S.-China

ibe negalelo ekucuthekeni kwemfuno kule ndawo njengoko imveliso yemizi-mveliso isusiwe eTshayina. Icandelo le-LED liye lachaphazeleka kakhulu, kunye namaxabiso abekwe ngaphezulu kwezicelo zokukhanyisa ezingama-30. Amanani e-WGC abonisa ukusetyenziswa kwegolide kwiinjongo zoshishino kwehle nge-9.6 yeepesenti ngonyaka-ngonyaka e-China kwikota yesine ka-2018.

Ukuthengwa kweBhanki Enkulu:

Njengoko imfuno yemveliso yegolide isihla, ukuthengwa kwebhanki ephakathi yaseTshayina kuyenyuka, kunye neBhanki yaBantu yaseChina (PBoC)

ukwandisa oovimba bayo begolide

ngoDisemba 2018 okokuqala ukususela ngo-Oktobha 2016. Ithenge ii-ounces ezingama-351,000 zentsimbi etyheli ngoDisemba, ilandelwa zezinye ii-ounces ezizigidi ezisisi-1.16 kwikota yokuqala ka-2019, ngokutsho kweWGC. I-PBoC ibambe nje i-2.4 yeepesenti ye-3.1 yezigidigidi ze-forex zokugcina kwigolide ekupheleni kwe-2018. Abanye bacingela ukuba inokukhangela ukonyusa oovimba bayo ukuze bafane ngokusondeleyo namanqanaba agcinwe zezinye iibhanki ezingoovimba. Ngokomzekelo, iU.S. I-Federal Reserve ibamba i-74 ekhulwini yogcino lwegolide, ngelixa

I-Bundesbank yaseJamani ibambe ama-70 ekhulwini

. Ukuba i-PBoC iyaqhubeka nokuthenga igolide ngeli zinga, inokuba ngoyena mthengi mkhulu wehlabathi webhanki yegolide ngo-2019.

Abatyali-zimali abaThengisayo:

Omnye umthombo omkhulu wemfuno yegolide e-China uvela kubatyalo-mali. Amanani e-WGC abonisa abatyali-mali abathengisayo bathenge i-10.7 yezigidi zee-ounces zegolide kunye neengqekembe zemali kwi-2018 ngasemva koqoqosho olucothayo, ubuthathaka be-renminbi (RMB), ukuguquguquka kwemarike yemasheya kunye noxinzelelo oluqhubekayo lwe-U.S.-China. Njengoko ukungaqiniseki koqoqosho lwehlabathi kuqhubeka, le meko ibonakala iza kuqhubeka ngo-2019.

Ecaleni kwaba baqhubi, igolide iyaqhubeka idlala indima ebalulekileyo njengotyalo-mali olukhuselekileyo kwindawo yoqoqosho eguqukayo. Ixabiso legolide libethe

ukuphakama kweeveki ezine

ye-$ 1,319.55 / oz ekupheleni kuka-Matshi, eqhutywa yinkxalabo yokudodobala koqoqosho lwehlabathi, njengoko i-U.S. uqoqosho lubonise iimpawu zokudodobala.

Ukungaqiniseki kwezoqoqosho ngenxa yezinto ezininzi ezibandakanya iBrexit, i

Uxinzelelo lwezorhwebo lwase-US-China

kunye nokucotha ukukhula kwehlabathi, kukwakhokelela kuguquguquko lwemalike ye-equity. Igolide ngokwesiko inonxibelelwano oluphantsi kwaye ngamanye amaxesha olubi kwezinye iiklasi ze-asethi, inyusa isibheno sayo kwimeko yemozulu yangoku. Intsimbi nayo inomtsalane njengothango lwemali. I-RMB ilahlekelwe sisinye kwisithathu sexabiso layo xa ithelekiswa negolide ukususela ngoJuni ka-2007. Ukuba amandla eU.S. I-dollar iyancipha ngokusekelwe kwizinga eliphantsi elilindelekileyo lenzala, i-RMB iya kulandela iphantsi ngenxa yesikhonkwane semali yayo, inyusa ngakumbi isibheno segolide.

Olunye ukhetho lwabatyali-mali abafuna ukuvezwa kwigolide kukutyala imali kwikamva legolide. Ikamva legolide libonelela ngeenzuzo ezifanayo zegolide ebonakalayo ngokwemigaqo yepotfoliyo eyahlukeneyo, ngaphandle kokuba abatyali-mali bathathe ukuhanjiswa kwesinyithi okanye bathwale iindleko zokuyigcina. Bakwavumela abatyali-mali ukuba bakhusele ukuguquguquka kwexabiso elizayo, njengoko ixabiso legolide linokusabela kakhulu kwimicimbi yezopolitiko nezoqoqosho.

Imarike yekamva legolide iqhelekile ukuba lulwelo olungaphezulu kunentengiso yegolide ebonakalayo. Umzekelo, iyonke ye-9.28 yeebhiliyoni zee-ounces ze-COMEX zexesha elizayo kunye nokhetho lwathengiswa ngo-2018, i-12 yeepesenti ngaphezulu kwe-2017, ngokulingana ne-37 yezigidi zee-ounces ezithengiswa yonke imihla.

Kukwakho nokuguquguquka kwiisayizi zekhontrakthi kubatyali-mali abathengisa ikamva legolide, ukuqala kwii-ounces ezili-10 kuphela, ukuya kutsho kwii-ounces ezili-100 ezivumela abatyali-mali ukuba balungelelanise izivumelwano kwiinkqubo zabo zolawulo lomngcipheko. KwiQela le-CME, kunye nekamva lethu leGolide kunye nomthamo wokhetho ongaphezulu kwesinye kwisithathu somthamo wehlabathi uwonke othengiswe ngeeyure zokurhweba zaseAsia (Beijing 8 a.m. ukuya ku-8 p.m.), abatyali-mali nabo banokuqinisekiswa nge-liquidity enzulu kwiikhontrakthi zabo xa kuziwa ekulawuleni iingozi ngexesha lokuthengisa kwabo.

Ibhalwe nguSachin Patel

Funda nzulu

malunga nezixhobo zabarhwebi kunye nezibonelelo zekamva legolide.

(Eli nqaku lixhaswe kwaye liveliswe liQela le-CME, elinoxanduva lomxholo walo kuphela.)