货币政策对大宗黄金价格的影响分析

Analysis of the impact of monetary policy on the price of bulk gold

在所有的货币中,黄金不仅经得起时间的考验,而且不受地域限制,其保值增值性能、避险价值都是其他货币所不能比拟的。当前,全球经济发展陷于疲软状态,这进一步引发了投资者对黄金的青睐,即便是各国央行也不例外。笔者基于宽松货币政策和紧缩货币政策视角分析了货币政策对大宗黄金价格的影响,进而展开实证研究,针对研究结论,提出了适度加大黄金储备规模、提高黄金储备流动性水平、强化货币政策对黄金价格的影响效应、提高投资者投资水平等对策建议。

Among all currencies, gold not only can withstand the test of time, but also is not subject to geographical restrictions. Its value preservation and value-added performance and hedging value are unique compared to other currencies. At present, the global economic development is in a weak state, which has further aroused the favor of investors for gold, with no exception of the central banks of various countries. Based on the perspective of loose monetary policy and tight monetary policy, this paper analyzed the impact of monetary policy on the price of bulk gold, and then conducted empirical research. According to the research conclusions, it put forward some countermeasures and suggestions, such as appropriately increasing the scale of gold reserves, improving the liquidity level of gold reserves, strengthening the impact of monetary policy on the price of gold, and improving the investment level of investors.