2016年以来,黄金价格经历了起伏涨跌,但谁也不能否认,黄金作为真正的货币、作为极端市场环境下重要的避险工具,现在又迎来了一个新的重要阶段。货币之纷争黄金再次进入到了一个新阶段,是全球各国央行货币政策博弈的结果。我们可以发现,自2015年12月17日,美联储进行了十年以来第一次加息之后,全球货币呈现明显的分化。美元的加息周期开启,使新兴市场美元回流、非美货币贬值的趋势进一步明确。此前,美元加息的预期,一直如达 Gold prices have experienced ups and downs since 2016, but no one can deny that gold, as a real currency, is now an important new stage of importance as an important hedging tool in extreme market conditions. Dispute of the currency Gold once again entered a new phase, the result of the game of monetary policy among the central banks of the world. We can see that after the first rate hike by the Federal Reserve on December 17, 2015, the global currency showed a clear differentiation. The interest rate hike cycle of the United States opened, allowing the emerging markets dollar backflow, the trend of devaluation of non-U.S. currencies further clarified. Earlier, the expected rate hike in the United States has been as high as ever