避險情緒升溫,黃金與白銀短暫重返全球市值榜首

GateNews
BTC-2.29%

2026 年伊始,全球金融市場被不確定性籠罩,避險情緒明顯升溫。在地緣政治衝突、貿易摩擦以及貨幣政策前景不明的背景下,黃金和白銀短暫重奪全球市值最高的兩大資產位置,再次成為資金避風港。

根據 CompaniesMarketCap 最新數據顯示,黃金目前市值約為 31.1 萬億美元,穩居全球資產市值榜首。白銀則在過去一個月持續與英偉達爭奪第二名位置,期間一度超越英偉達,但隨著人工智能算力需求持續爆發,英偉達股價回升,重新反超白銀。這一輪“算力淘金熱”凸顯了 AI 與貴金屬在當前市場環境中的雙重吸引力。

過去一年中,全球投資者明顯加大了對黃金和白銀等貴金屬的配置比例。多重國際衝突、全球貿易不確定性上升,使得傳統價值儲存資產重新受到青睞。同時,市場普遍預期,在美聯儲新任主席的領導下,未來可能開啟新一輪降息周期,這一預期進一步強化了對大宗商品和貴金屬的看漲情緒。

在強勁需求推動下,黃金和白銀價格近期分別觸及約 4500 美元和 80 美元的歷史高位。雖然這一輪漲勢尚未明顯傳導至比特幣等加密資產,但不少市場人士認為,這種資金偏好變化具有階段性特徵,後續可能逐步外溢至“數字黃金”領域。

Clear Street 董事總經理 Owen Lau 在最新採訪中指出,美聯儲在 2026 年的貨幣政策走向,或將成為加密貨幣市場的重要催化劑之一。他認為,若低利率環境持續,散戶和機構資金可能在黃金、白銀走高後,重新評估比特幣等風險資產的配置價值。

整體來看,在宏觀不確定性與寬鬆預期並存的背景下,黃金和白銀市值登頂不僅反映了避險需求回歸,也為後續包括加密貨幣在內的資產輪動埋下伏筆,值得投資者持續關注。

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