{"id":833844,"date":"2026-08-25T13:59:30","date_gmt":"2026-08-25T05:59:30","guid":{"rendered":"https:\/\/www.alphaseek.cn\/?p=833844"},"modified":"2026-08-25T13:59:30","modified_gmt":"2026-08-25T05:59:30","slug":"%e7%8b%82%e5%86%b24700%e7%be%8e%e5%85%83%e5%90%8e%e5%8f%98%e7%9b%98%ef%bc%9f%e6%9c%9f%e6%9d%83%e5%b8%82%e5%9c%ba%e6%83%8a%e7%8e%b0%e5%b7%a8%e9%a2%9d%e7%9c%8b%e7%a9%ba%e4%ba%a4%e6%98%93%ef%bc%8c","status":"publish","type":"post","link":"https:\/\/www.alphaseek.cn\/?p=833844","title":{"rendered":"\u72c2\u51b24700\u7f8e\u5143\u540e\u53d8\u76d8\uff1f\u671f\u6743\u5e02\u573a\u60ca\u73b0\u5de8\u989d\u770b\u7a7a\u4ea4\u6613\uff0c\u9ec4\u91d1\u4f55\u53bb\u4f55\u4ece\uff1f"},"content":{"rendered":"<p onclick=\"ft_articletoptg_scrollto()\"> <img src=\"https:\/\/finance.sina.com.cn\/\/n.sinaimg.cn\/finance\/770\/w640h130\/20240312\/9be9-7bcc77500b41e587aee5a856fe9849e2.png\" alt=\"\u72c2\u51b24700\u7f8e\u5143\u540e\u53d8\u76d8\uff1f\u671f\u6743\u5e02\u573a\u60ca\u73b0\u5de8\u989d\u770b\u7a7a\u4ea4\u6613\uff0c\u9ec4\u91d1\u4f55\u53bb\u4f55\u4ece\uff1f\" style4 =\"display:block; margin-left:auto; margin-right:auto\"> <\/p>\n<p> <script> function ft_articletoptg_scrollto(){ let ft_tg_el = document.getElementById('app-qihuo-kaihu-qr'); if(ft_tg_el){ let ft_tg_el_offtop = ft_tg_el.offsetTop - 100; window.scrollTo({ top: ft_tg_el_offtop, behavior: 'smooth' }); }  } <\/script>                          <\/p>\n<div>\n<div>             <a hidefocus=\"true\" href=\"http:\/\/finance.sina.com.cn\/futures\/quotes\/XAU.shtml\" target=\"_blank\" rel=\"noopener\"><img src=\"https:\/\/finance.sina.com.cn\/\/image.sinajs.cn\/n\/hf\/min\/640x360xxfhd\/XAU.png\" alt=\"\u72c2\u51b24700\u7f8e\u5143\u540e\u53d8\u76d8\uff1f\u671f\u6743\u5e02\u573a\u60ca\u73b0\u5de8\u989d\u770b\u7a7a\u4ea4\u6613\uff0c\u9ec4\u91d1\u4f55\u53bb\u4f55\u4ece\uff1f\" \/><\/a>         <\/div>\n<\/p><\/div>\n<p cms-style=\"font-L \"><font cms-hidden=\"true\" cms-style=\"font-L\"><\/font>\u6587\u7ae0\u6765\u6e90\uff1a\u91d1\u5341\u6570\u636e<\/p>\n<div><img src=\"https:\/\/finance.sina.com.cn\/\/n.sinaimg.cn\/sinakd20260825s\/224\/w640h384\/20260825\/7e76-cefb57eb91e3051d93bb1438867f6f94.png\" alt=\"\u72c2\u51b24700\u7f8e\u5143\u540e\u53d8\u76d8\uff1f\u671f\u6743\u5e02\u573a\u60ca\u73b0\u5de8\u989d\u770b\u7a7a\u4ea4\u6613\uff0c\u9ec4\u91d1\u4f55\u53bb\u4f55\u4ece\uff1f\"><span><\/span><\/div>\n<p cms-style=\"font-L\">\u5728\u5168\u5e02\u573a\u6c89\u6d78\u4e8e\u591a\u5934\u72c2\u6b22\u4e4b\u9645\uff0c\u671f\u6743\u5e02\u573a\u5374\u60ca\u73b0\u4e00\u7b14\u7f55\u89c1\u7684\u5de8\u989d\u770b\u7a7a\u62bc\u6ce8\u3002\u968f\u7740\u6770\u514b\u900a\u970d\u5c14\u5e74\u4f1a\u7684\u4e34\u8fd1\uff0c\u534e\u5c14\u8857\u6b63\u4e25\u9635\u4ee5\u5f85\u6c83\u4ec0\u53ef\u80fd\u5f15\u53d1\u7684\u884c\u60c5\u5de8\u9707\u3002<\/p>\n<p cms-style=\"font-L\">\u7ee7\u5468\u4e00\u5927\u6da8\u8d851%\u540e\uff0c\u73b0\u8d27\u9ec4\u91d1\u5468\u4e8c\u4e00\u5ea6\u51b2\u4e0a4700\u7f8e\u5143\u9644\u8fd1\uff0c\u4f46\u968f\u540e\u56de\u5410\u65e5\u5185\u5168\u90e8\u6da8\u5e45\u3002<\/p>\n<div><img src=\"https:\/\/finance.sina.com.cn\/\/n.sinaimg.cn\/sinakd20260825s\/272\/w640h432\/20260825\/c9a2-73a4c6ccf9a0767a211d59c296d063a8.png\" alt=\"\u72c2\u51b24700\u7f8e\u5143\u540e\u53d8\u76d8\uff1f\u671f\u6743\u5e02\u573a\u60ca\u73b0\u5de8\u989d\u770b\u7a7a\u4ea4\u6613\uff0c\u9ec4\u91d1\u4f55\u53bb\u4f55\u4ece\uff1f\"><span><\/span><\/div>\n<p cms-style=\"font-L\">\u636e\u5927\u534e\u94f6\u884c\u9884\u6d4b\uff0c<font cms-style=\"font-L strong-Bold\">\u672c\u6708\u5df2\u66b4\u6da8\u8fd115%\u7684\u9ec4\u91d1\u6b63\u8fc8\u5411\u201c\u81ea1999\u5e749\u6708\u4ee5\u6765\u6700\u4e3a\u5f3a\u52b2\u7684\u5355\u6708\u6da8\u5e45\u201d<\/font>\u3002\u8fd9\u4e00\u5207\u7684\u76f4\u63a5\u5bfc\u706b\u7d22\u662f\u7f8e\u56fd\u8d22\u653f\u90e8\u957f\u8d1d\u68ee\u7279\u4e0a\u5468\u516c\u5e03\u7684\u56fd\u503a\u56de\u8d2d\u8ba1\u5212\u3002<\/p>\n<p cms-style=\"font-L\">\u8d22\u653f\u90e8\u5ba3\u5e03\u5c06\u56de\u8d2d\u64cd\u4f5c\u7684\u6700\u9ad8\u89c4\u6a21\u4ece20\u4ebf\u7f8e\u5143\u5927\u5e45\u63d0\u5347\u81f3\u81f3\u5c1140\u4ebf\u7f8e\u5143\u3002\u8d1d\u68ee\u7279\u81ea\u79f0\u624b\u63e1\u201c\u5e9e\u5927\u7684\u653f\u7b56\u5de5\u5177\u7bb1\u201d\uff0c\u8fd9\u4e00\u8868\u6001\u88ab\u5e02\u573a\u89c6\u4e3a\u672a\u6765\u5c06\u6709\u66f4\u591a\u76f4\u63a5\u5e72\u9884\u63aa\u65bd\u7684\u4fe1\u53f7\u3002<\/p>\n<p cms-style=\"font-L\">\u636eCNBC\u63f4\u5f15\u4e24\u4f4d\u9ad8\u7ea7\u5b98\u5458\u7684\u6d88\u606f\u79f0\uff0c\u8d1d\u68ee\u7279\u53ef\u80fd\u4f1a\u52a8\u7528\u8d22\u653f\u90e8\u8fd11\u4e07\u4ebf\u7f8e\u5143\u7684\u666e\u901a\u8d26\u6237\u6765\u4e3a\u8be5\u8ba1\u5212\u63d0\u4f9b\u8d44\u91d1\u3002\u8fd9\u9879\u64cd\u4f5c\u6210\u529f\u538b\u5236\u4e868\u6708\u9ad8\u4f01\u7684\u7f8e\u503a\u6536\u76ca\u7387\uff0c\u4f7f\u5176\u672c\u6708\u7d2f\u8ba1\u5fae\u964d\u4e863\u4e2a\u57fa\u70b9\u3002<\/p>\n<p cms-style=\"font-L\">\u5fb7\u610f\u5fd7\u94f6\u884c\u5206\u6790\u5e08Michael Hsueh\u5468\u4e00\u5728\u81f4\u5ba2\u6237\u7684\u62a5\u544a\u4e2d\u6307\u51fa\uff0c<font cms-style=\"font-L strong-Bold\">\u8d22\u653f\u90e8\u7684\u516c\u544a\u53ef\u80fd\u63a8\u52a8<span><a href=\"http:\/\/finance.sina.com.cn\/money\/future\/GC\/quote.shtml\" target=\"_blank\" data-sudaclick=\"content_marketkeywords_p\" rel=\"noopener\">\u91d1\u4ef7<\/a><\/span><span><\/span>\u7a81\u7834\u5176\u8bbe\u5b9a\u76844800\u7f8e\u5143\u76ee\u6807\u4ef7\u3002\u8be5\u76ee\u6807\u4f4d\u610f\u5473\u7740\u91d1\u4ef7\u8f83\u4e0a\u5468\u4e94\u6536\u76d8\u8fd8\u6709\u8fd13%\u7684\u4e0a\u6da8\u7a7a\u95f4\u3002<\/font><\/p>\n<p cms-style=\"font-L\">Hsueh\u5f3a\u8c03\uff1a\u201c<font cms-style=\"font-L strong-Bold\">\u6211\u4eec\u5c06\u8d22\u653f\u90e8\u7684\u653f\u7b56\u8f6c\u53d8\u89c6\u4e3a\u652f\u6491\u9ec4\u91d1\u5efa\u8bbe\u6027\u524d\u666f\u7684\u660e\u786e\u4fe1\u53f7<\/font>\u3002\u201d<\/p>\n<p cms-style=\"font-L\">\u6865\u6c34\u57fa\u91d1\u521b\u59cb\u4eba\u8fbe\u5229\u6b27\u4e0a\u5468\u4e94\u4e5f\u5efa\u8bae\u6295\u8d44\u8005\u8d85\u914d\u9ec4\u91d1\uff0c\u6bd4\u4f8b\u53ef\u8fbe\u6295\u8d44\u7ec4\u5408\u768410%\u81f315%\uff0c\u4ee5\u5bf9\u51b2\u653f\u5e9c\u4e3e\u503a\u6f5c\u5728\u5f15\u53d1\u7684\u503a\u52a1\u5371\u673a\u3002<\/p>\n<p cms-style=\"font-L strong-Bold\">\u671f\u6743\u5e02\u573a\u60ca\u73b0\u4e00\u4ebf\u7f8e\u5143\u770b\u7a7a\u62bc\u6ce8<\/p>\n<p cms-style=\"font-L\">\u7136\u800c\uff0c\u5c31\u5728\u5e02\u573a\u60c5\u7eea\u6781\u5ea6\u9ad8\u6da8\u4e4b\u9645\uff0c<font cms-style=\"font-L strong-Bold\">\u671f\u6743\u5e02\u573a\u5468\u4e00\u5374\u51fa\u73b0\u4e86\u4e00\u7b14\u4e0e\u770b\u6da8\u5171\u8bc6\u80cc\u9053\u800c\u9a70\u7684\u5de8\u989d\u4ea4\u6613\u3002<\/font><\/p>\n<p cms-style=\"font-L\">\u5468\u4e00\u5f00\u76d8\u4ec520\u5206\u949f\uff0c\u6709\u4ea4\u6613\u5458\u5728SPDR Gold Shares ETF\u4e0a\u5356\u51fa\u4e86\u8fd111.6\u4e07\u4efd9\u670818\u65e5\u5230\u671f\u3001\u884c\u6743\u4ef7\u4e3a420\u7f8e\u5143\u7684\u770b\u6da8\u671f\u6743\uff0c\u8be5\u4ea4\u6613\u5458\u901a\u8fc7\u5356\u51fa\u8fd9\u6279\u4ef7\u5185\u671f\u6743\u83b7\u5f97\u4e862.02\u4ebf\u7f8e\u5143\u7684\u6743\u5229\u91d1\u3002<\/p>\n<p cms-style=\"font-L\">\u968f\u540e\uff0c\u8be5\u4ea4\u6613\u5458\u53c8\u65a5\u8d441.44\u4ebf\u7f8e\u5143\u4e70\u5165\u76f8\u540c\u6570\u91cf\u548c\u5230\u671f\u65e5\u3001\u884c\u6743\u4ef7\u4e3a430\u7f8e\u5143\u7684\u770b\u6da8\u671f\u6743\uff0c<font cms-style=\"font-L strong-Bold\">\u8fd9\u7b14\u64cd\u4f5c\u6700\u7ec8\u5f62\u6210\u4e865800\u4e07\u7f8e\u5143\u7684\u51c0\u671f\u6743\u8d39\u6536\u5165\u3002<\/font><\/p>\n<p cms-style=\"font-L\">\u867d\u7136\u5356\u51fa\u4ef7\u5dee\u901a\u5e38\u88ab\u89c6\u4e3a\u4e2d\u6027\u7b56\u7565\uff0c\u4f46\u8be5\u4ea4\u6613\u5458\u9009\u62e9\u5356\u51fa\u4ef7\u5185\u671f\u6743\uff0c\u5c06\u5230\u671f\u76c8\u4e8f\u5e73\u8861\u70b9\u63a8\u9ad8\u81f3425\u7f8e\u5143\u3002\u9274\u4e8eGLD\u5f53\u524d\u4ea4\u6613\u4ef7\u683c\u4e3a427\u7f8e\u5143\uff0c<font cms-style=\"font-L strong-Bold\">\u8fd9\u5b9e\u8d28\u4e0a\u662f\u5728\u62bc\u6ce8\u9ec4\u91d1\u5c06\u5728\u672a\u6765\u56db\u5468\u5185\u51fa\u73b0\u5fae\u5e45\u56de\u8c03\u3002<\/font><\/p>\n<p cms-style=\"font-L\">Arora Report\u521b\u59cb\u4ebaNigam Arora\u5bf9\u6b64\u6307\u51fa\uff1a\u201c<font cms-style=\"font-L strong-Bold\">\u9ec4\u91d1\u51fa\u73b0\u77ed\u671f\u56de\u8c03\u7684\u6982\u7387\u975e\u5e38\u9ad8<\/font>\u3002\u201d\u4ed6\u900f\u9732\uff0c\u867d\u7136\u52a8\u91cf\u4eba\u7fa4\u7684\u8d44\u91d1\u6d41\u5411\u4f9d\u7136\u6781\u5ea6\u770b\u6da8\uff0c\u4f46\u806a\u660e\u8d44\u91d1\u5df2\u7ecf\u8f6c\u4e3a\u8d1f\u9762\uff0cGLD\u5468\u4e00\u5df2\u51fa\u73b0\u7ea66000\u4e07\u7f8e\u5143\u7684\u8d1f\u51c0\u8d44\u91d1\u6d41\u3002<\/p>\n<p cms-style=\"font-L\">\u76f8\u6bd4\u4e4b\u4e0b\uff0c<font cms-style=\"font-L strong-Bold\">\u6563\u6237\u548c\u6574\u4f53\u5e02\u573a\u7684\u770b\u6da8\u60c5\u7eea\u4f9d\u7136\u72c2\u70ed<\/font>\u3002ThinkOrSwim\u6570\u636e\u663e\u793a\uff0c\u5468\u4e00\u4ea4\u6613\u5458\u5728GLD\u4e2d\u4e70\u5165\u4e86\u8d853.7\u4e07\u4efd\u770b\u6da8\u671f\u6743\uff0c\u800c\u770b\u8dcc\u671f\u6743\u4e0d\u8db32\u4e07\u4efd\u3002<\/p>\n<p cms-style=\"font-L\">SpotGamma\u6570\u636e\u8fdb\u4e00\u6b65\u8bc1\u5b9e\uff0c\u5468\u4e00\u4ea4\u6613\u91cf\u524d15\u540d\u7684\u5408\u7ea6\u4e2d\u670913\u4e2a\u662f\u770b\u6da8\u671f\u6743\u3002\u829d\u52a0\u54e5\u671f\u6743\u4ea4\u6613\u6240LiveVol\u6570\u636e\u663e\u793a\uff0c\u5728\u8fd9\u7b14\u5de8\u989d\u770b\u6da8\u671f\u6743\u4ef7\u5dee\u4ea4\u6613\u7684\u63a8\u52a8\u4e0b\uff0cGLD\u7684\u5355\u65e5\u6210\u4ea4\u91cf\u903c\u8fd1\u517630\u5929\u5e73\u5747\u6c34\u5e73\u76845\u500d\u3002<\/p>\n<p cms-style=\"font-L strong-Bold\">\u6770\u514b\u900a\u970d\u5c14\u5e74\u4f1a\u9762\u4e34\u591a\u91cd\u5b8f\u89c2\u8003\u9a8c<\/p>\n<p cms-style=\"font-L\">\u5de8\u989d\u770b\u7a7a\u4ea4\u6613\u53d1\u751f\u5728\u4e00\u4e2a\u5145\u6ee1\u53d8\u6570\u7684\u5b8f\u89c2\u6570\u636e\u5468\u3002\u5e02\u573a\u6b63\u5c4f\u606f\u4ee5\u5f85\u5468\u4e09\u516c\u5e03\u7684\u7f8e\u56fd\u4e2a\u4eba\u6d88\u8d39\u652f\u51fa\uff08PCE\uff09\u901a\u80c0\u6570\u636e\uff0c\u4ee5\u53ca\u5468\u56db\u62c9\u5f00\u5e37\u5e55\u7684\u6000\u4fc4\u660e\u5dde\u6770\u514b\u900a\u970d\u5c14\u7ecf\u6d4e\u7814\u8ba8\u4f1a\u3002\u8fd9\u901a\u5e38\u662f\u7f8e\u8054\u50a8\u91ca\u653e\u8d27\u5e01\u653f\u7b56\u8f6c\u5411\u4fe1\u53f7\u7684\u5173\u952e\u7a97\u53e3\u3002<\/p>\n<p cms-style=\"font-L\">\u503c\u5f97\u6ce8\u610f\u7684\u662f\uff0c\u8fd1\u671f10\u5e74\u671f\u7f8e\u503a\u6536\u76ca\u7387\u6b63\u5728\u6d4b\u8bd5\u591a\u5e74\u9ad8\u70b9\uff0c\u5b9e\u9645\u5229\u7387\u4e5f\u5728\u6500\u5347\u3002\u6309\u7167\u4f20\u7edf\u91d1\u878d\u903b\u8f91\uff0c\u5b9e\u9645\u5229\u7387\u8d70\u9ad8\u5bf9\u4e8e\u4e0d\u751f\u606f\u7684\u9ec4\u91d1\u8d44\u4ea7\u672c\u5e94\u662f\u660e\u663e\u7684\u5229\u7a7a\uff0c\u4f46\u8fd1\u671f\u91d1\u4ef7\u5374\u65e0\u89c6\u4e86\u8fd9\u4e00\u89c4\u5f8b\u9006\u52bf\u4e0a\u626c\u3002<\/p>\n<p cms-style=\"font-L\">\u7f8e\u8054\u50a8\u4e3b\u5e2d\u6c83\u4ec0\u5373\u5c06\u5728\u6770\u514b\u900a\u970d\u5c14\u53d1\u8868\u8bb2\u8bdd\uff0c\u5916\u754c\u6b63\u6025\u5207\u5bfb\u627e\u5229\u7387\u524d\u666f\u7684\u6700\u65b0\u7ebf\u7d22\u3002\u82b1\u65d7\u96c6\u56e2\u5728\u6700\u65b0\u7814\u62a5\u4e2d\u5206\u6790\u79f0\uff0c<font cms-style=\"font-L strong-Bold\">\u5982\u679c\u6c83\u4ec0\u53d1\u8868\u9e70\u6d3e\u8a00\u8bba\uff0c\u5f88\u53ef\u80fd\u4f1a\u5bfc\u81f4\u5f53\u524d\u9ec4\u91d1\u7684\u8131\u8f68\u6da8\u52bf\u621b\u7136\u800c\u6b62\u3002<\/font><\/p>\n<p cms-style=\"font-L\">\u82b1\u65d7\u540c\u65f6\u6307\u51fa\uff0c\u82e5\u6770\u514b\u900a\u970d\u5c14\u4f1a\u8bae\u91ca\u653e\u51fa\u610f\u5916\u7684\u9e3d\u6d3e\u4fe1\u53f7\uff0c\u5c06\u5bf9\u9ec4\u91d1\u5f62\u6210\u8d85\u7ea7\u5229\u597d\u3002<font cms-style=\"font-L strong-Bold\">\u201c\u56e0\u4e3a\u5e02\u573a\u4e0d\u4ec5\u5c06\u7ee7\u7eed\u6d88\u5316\u7f8e\u8054\u50a8\u52a0\u606f\u9884\u671f\u964d\u6e29\u7684\u5f71\u54cd\uff0c\u8fd8\u4f1a\u5728\u5bf9\u7f8e\u8054\u50a8\u72ec\u7acb\u6027\u548c\u7f8e\u56fd\u503a\u52a1\u53ef\u6301\u7eed\u6027\u95ee\u9898\u91cd\u71c3\u62c5\u5fe7\u7684\u80cc\u666f\u4e0b\uff0c\u91cd\u65b0\u805a\u7126\u4e8e\u8d27\u5e01\u8d2c\u503c\u4ea4\u6613\u3002\u201d<\/font><\/p>\n<p>\u8d23\u4efb\u7f16\u8f91\uff1a\u6731\u8d6b\u6960 <\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u6587\u7ae0\u6765\u6e90\uff1a\u91d1\u5341\u6570\u636e \u5728\u5168\u5e02\u573a\u6c89\u6d78\u4e8e\u591a\u5934\u72c2\u6b22\u4e4b\u9645\uff0c\u671f\u6743\u5e02\u573a\u5374\u60ca\u73b0\u4e00\u7b14\u7f55\u89c1\u7684\u5de8\u989d\u770b\u7a7a\u62bc\u6ce8\u3002\u968f\u7740\u6770\u514b\u900a\u970d\u5c14\u5e74\u4f1a\u7684\u4e34\u8fd1 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[5],"tags":[],"views":3,"_links":{"self":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/833844"}],"collection":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=833844"}],"version-history":[{"count":0,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=\/wp\/v2\/posts\/833844\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=833844"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=833844"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.alphaseek.cn\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=833844"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}