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圖92025年黃金市場主要由避險需求所主導（美元/盎司）-行業數據

圖92025年黃金市場主要由避險需求所主導（美元/盎司）
圖92025年黃金市場主要由避險需求所主導（美元/盎司）
那么既然我們預期 4月金價的快速上行主要由特朗普發起的關稅戰向全球輸出的不確定性所推升，那么在政策面因素邊際轉向、中美貿易談判取得重大突破的當下，黃金價格隨之承受回調壓力也是可以預判的。
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第1頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第2頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第3頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第4頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第5頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第6頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第7頁
圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第8頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第9頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第10頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第11頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第12頁
圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第13頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第14頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第15頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第16頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第17頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第18頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第19頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第20頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第21頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第22頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第23頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第24頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第25頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第26頁
圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第27頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第28頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第29頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第30頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第31頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第32頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第33頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第34頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第35頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第36頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第37頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第38頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第39頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第40頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第41頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第42頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第43頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第44頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第45頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第46頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第47頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第48頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第49頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第50頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第51頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第52頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第53頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第54頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第55頁
圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第56頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第57頁
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圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第58頁
圖92025年黃金市場主要由避險需求所主導（美元/盎司）_第59頁
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所屬報告： 有色行業深度：金價回調后的風險和機遇-250522（31頁）.pdf
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