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Yuvi.
$XAU，避险需求能否抵消实际利率压力？联储声明称通胀仍高，且政策委员会存在主张加息的分歧，这会抬高持有无息资产的机会成本；另一方面，政策和地缘不确定性提升避险需求。若实际收益率下行而资金仍寻求避险，金价逻辑更完整；若实际利率走高，单靠避险情绪可能不够。
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