{"id":37912,"date":"2025-10-09T22:15:52","date_gmt":"2025-10-09T14:15:52","guid":{"rendered":"https:\/\/www.kafeizha.com\/?p=37912"},"modified":"2025-10-09T22:15:52","modified_gmt":"2025-10-09T14:15:52","slug":"%e3%80%90%e6%ad%a3%e9%9d%a2%e3%80%91bloomberg%e9%bb%84%e9%87%91%e4%b8%8a%e6%b6%a8%e5%8a%a9%e5%8a%9b%e4%b8%ad%e5%9b%bd%e6%91%86%e8%84%b1%e5%af%b9%e7%be%8e%e5%85%83%e4%be%9d%e8%b5%96","status":"publish","type":"post","link":"https:\/\/news.tomjun.com\/?p=37912","title":{"rendered":"\u3010\u6b63\u9762\u3011[bloomberg]\u9ec4\u91d1\u4e0a\u6da8\u52a9\u529b\u4e2d\u56fd\u6446\u8131\u5bf9\u7f8e\u5143\u4f9d\u8d56"},"content":{"rendered":"<p>\u4e00\u573a\u8fc5\u731b\u7684\u9ec4\u91d1\u6da8\u52bf\u6b63\u52a9\u529b\u4e2d\u56fd\u671d\u7740\u51cf\u5c11\u5bf9\u4ee5\u7f8e\u56fd\u4e3a\u4e2d\u5fc3\u7684\u91d1\u878d\u5e02\u573a\u4f9d\u8d56\u7684\u76ee\u6807\u66f4\u8fdb\u4e00\u6b65\u3002\u5317\u4eac\u5df2\u7ecf\u79ef\u7d2f\u50a8\u5907\u957f\u8fbe\u5341\u5e74\uff0c\u5efa\u7acb\u4e86\u4e00\u4e2a\u53ef\u80fd\u6210\u4e3a\u4e16\u754c\u7b2c\u516d\u5927\u9ec4\u91d1\u50a8\u5907\u7684\u5e93\u5b58\u3002\u73b0\u5728\uff0c\u9ec4\u91d1\u4ef7\u683c\u7684\u98de\u901f\u4e0a\u6da8\u6b63\u5728\u4e3a\u5176\u6218\u7565\u63d0\u4f9b\u652f\u6301\u3002\u5468\u4e09\uff0c\u9ec4\u91d1\u4ef7\u683c\u9996\u6b21\u7a81\u7834\u6bcf\u76ce\u53f84000\u7f8e\u5143\u5927\u5173\uff0c\u90e8\u5206\u539f\u56e0\u5728\u4e8e\u5510\u7eb3\u5fb7\u00b7\u7279\u6717\u666e\u603b\u7edf\u5728\u56fd\u5185\u5916\u7684\u653f\u7b56\u3002\\n<br \/>\n\u56fd\u9645\u7d27\u5f20\u5c40\u52bf\u52a0\u5267\u3001\u5fe0\u8bda\u5ea6\u51cf\u5f31\u4e4b\u9645\uff0c\u8fd9\u4e00\u7834\u7eaa\u5f55\u7684\u98d9\u5347\u8ba9\u9ec4\u91d1\u6210\u4e3a\u5173\u6ce8\u7126\u70b9\uff0c\u5b98\u5458\u4eec\u6b63\u6293\u4f4f\u8fd9\u4e00\u65f6\u673a\u3002\u4eca\u5e74\u4ee5\u6765\uff0c\u5317\u4eac\u901a\u8fc7\u4e0a\u6d77\u9ec4\u91d1\u4ea4\u6613\u6240\u9996\u6b21\u63a8\u51fa\uff0c\u52a0\u5f3a\u4e86\u9999\u6e2f\u4f5c\u4e3a\u672c\u571f\u4ea4\u6613\u4e2d\u5fc3\u7684\u89d2\u8272\u3002\u5b83\u8fd8\u9f13\u52b1\u5176\u4ed6\u56fd\u5bb6\u5c06\u9ec4\u91d1\u50a8\u5b58\u5728\u4e2d\u56fd\u7684\u4fdd\u7a0e\u4ed3\u5e93\u4e2d\u3002\u63a5\u4e0b\u6765\uff0c\u9884\u8ba1\u5c06\u9f13\u52b1\u5404\u56fd\u592e\u884c\u548c\u4e3b\u6743\u57fa\u91d1\u4ea4\u6613\u4ed6\u4eec\u50a8\u5b58\u7684\u9ec4\u91d1\uff0c\u5c31\u50cf\u5728\u4f26\u6566\u4e00\u6837\uff0c\u4ece\u800c\u524a\u5f31\u4e16\u754c\u4e0a\u6700\u6210\u719f\u7684\u4e2d\u5fc3\u3002\\n<br \/>\n\u201c\u6240\u6709\u56e0\u7d20\u90fd\u5df2\u5230\u4f4d\u2014\u2014\u5404\u56fd\u6b63\u5728\u5b9e\u73b0\u50a8\u5907\u591a\u5143\u5316\uff0c\u5730\u7f18\u653f\u6cbb\u6ce2\u52a8\u52a0\u5267\uff0c\u66ff\u4ee3\u652f\u4ed8\u548c\u7cfb\u7edf\u6b63\u5728\u5174\u8d77\uff0c\u201d\u6e23\u6253\u94f6\u884c\u5927\u4e2d\u534e\u533a\u53ca\u5317\u4e9a\u9996\u5e2d\u7ecf\u6d4e\u5b66\u5bb6\u4e01\u723d\u8868\u793a\u3002\u201c\u4e2d\u56fd\u5df2\u7ecf\u662f\u4e16\u754c\u4e0a\u6700\u5927\u7684\u9ec4\u91d1\u751f\u4ea7\u56fd\u3002\u73b0\u5728\uff0c\u5b83\u5e0c\u671b\u5728\u963b\u529b\u6700\u5c0f\u7684\u65f6\u5019\u63a8\u52a8\u5176\u5728\u91d1\u878d\u4f53\u7cfb\u4e2d\u7684\u4f5c\u7528\u3002\u201d\\n<br \/>\n\u9ec4\u91d1\u662f\u4e00\u79cd\u4e00\u4e3e\u591a\u5f97\u7684\u65b9\u5f0f\u3002\u6301\u6709\u4e16\u754c\u9ec4\u91d1\u5e02\u573a\u66f4\u5927\u4efd\u989d\u5c06\u4f7f\u5317\u4eac\u66f4\u63a5\u8fd1\u5176\u8ba4\u4e3a\u5e94\u6709\u7684\u56fd\u9645\u89d2\u8272\u3002\u9ec4\u91d1\u5c06\u652f\u6301\u4eba\u6c11\u5e01\u7684\u4f7f\u7528\uff0c\u751a\u81f3\u53ef\u4ee5\u63d0\u632f\u9999\u6e2f\u3002\u6700\u91cd\u8981\u7684\u662f\uff0c\u5b83\u5141\u8bb8\u4e2d\u56fd\u63d0\u4f9b\u4e00\u79cd\u66ff\u4ee3\u7f8e\u56fd\u91d1\u878d\u4e3b\u5bfc\u5730\u4f4d\u7684\u65b9\u6848\uff0c\u56e0\u4e3a\u534e\u76db\u987f\u6b63\u5728\u52a0\u5927\u5236\u88c1\u529b\u5ea6\uff0c\u751a\u81f3\u758f\u8fdc\u4e86\u957f\u671f\u7684\u8d38\u6613\u4f19\u4f34\u3002\\n<br \/>\n\u5728\u7279\u6717\u666e\u7684\u5173\u7a0e\u903c\u8fd1\u4e4b\u9645\uff0c\u8fc7\u53bb\u5341\u5e74\u91cc\uff0c\u9ec4\u91d1\u4ef7\u683c\u5df2\u7ecf\u4e0a\u6da8\u4e86\u5927\u7ea6\u56db\u500d\uff0c\u5728\u75ab\u60c5\u671f\u95f4\u7a81\u7834\u4e862000\u7f8e\u5143\uff0c\u7136\u540e\u57283\u6708\u4efd\u7a81\u7834\u4e863000\u7f8e\u5143\u3002\u4ece\u653f\u5e9c\u5b98\u5458\u5230\u597d\u5e02\u591a\u6279\u53d1\u516c\u53f8\u7684\u9ec4\u91d1\u6761\u987e\u5ba2\uff0c\u6bcf\u4e2a\u4eba\u90fd\u611f\u53d7\u5230\u4e86\u5f71\u54cd\u3002\u8fd9\u8f6e\u53f2\u8bd7\u7ea7\u4e0a\u6da8\u7684\u52bf\u5934\u90e8\u5206\u6765\u81ea\u672c\u4e16\u7eaa\u521d\u4ea4\u6613\u6240\u4ea4\u6613\u57fa\u91d1\u7684\u51fa\u73b0\uff0c\u8fd9\u4f7f\u5f97\u62bc\u6ce8\u9ec4\u91d1\u53d8\u5f97\u5bb9\u6613\u5f97\u591a\uff0c\u540e\u6765\u53c8\u6765\u81ea\u5404\u56fd\u592e\u884c\u7684\u70ed\u60c5\u3002\u53bb\u5e74\uff0c\u5404\u56fd\u592e\u884c\u7684\u8d2d\u4e70\u91cf\u5360\u603b\u8d2d\u4e70\u91cf\u7684\u4e94\u5206\u4e4b\u4e00\u4ee5\u4e0a\uff0c\u800c2010\u5e74\u4ee3\u7684\u5e73\u5747\u6c34\u5e73\u63a5\u8fd1\u5341\u5206\u4e4b\u4e00\u3002\\n<br \/>\n\u6700\u8fd1\uff0c\u8fd8\u6709\u66f4\u9ad8\u7684\u901a\u80c0\u548c\u66f4\u4f4e\u7684\u5229\u7387\u7684\u524d\u666f\u3002\u672c\u5468\uff0c\u5bf9\u653f\u5e9c\u503a\u52a1\u4e0a\u5347\u548c\u534e\u76db\u987f\u653f\u6cbb\u52a8\u8361\u7684\u62c5\u5fe7\u6700\u7ec8\u63a8\u52a8\u9ec4\u91d1\u4ef7\u683c\u7a81\u7834\u6bcf\u76ce\u53f84000\u7f8e\u5143\u3002\u968f\u7740\u4ece\u65e5\u672c\u5230\u82f1\u56fd\u7684\u6295\u8d44\u8005\u63a5\u53d7\u6240\u8c13\u7684\u201c\u8d27\u5e01\u8d2c\u503c\u4ea4\u6613\u201d\uff0c\u4ece\u6cd5\u5b9a\u8d27\u5e01\u8f6c\u5411\u8d35\u91d1\u5c5e\u6216\u6bd4\u7279\u5e01\u7b49\u8d44\u4ea7\uff0c\u767d\u94f6\u4e5f\u4ece\u4e2d\u53d7\u76ca\uff0c\u6b63\u671d\u7740\u6bcf\u76ce\u53f850\u7f8e\u5143\u7684\u95e8\u69db\u8fc8\u8fdb\u3002\\n<br \/>\n\u5bf9\u4e8e\u5305\u62ec\u5317\u4eac\u5728\u5185\u7684\u653f\u7b56\u5236\u5b9a\u8005\u6765\u8bf4\uff0c\u9ad8\u4ef7\u683c\u6709\u52a9\u4e8e\u63d0\u9ad8\u9ec4\u91d1\u4f5c\u4e3a\u50a8\u5907\u8d44\u4ea7\u7684\u5438\u5f15\u529b\uff0c\u5e76\u5f3a\u8c03\u4e86\u8fd9\u6837\u4e00\u79cd\u89c2\u70b9\uff0c\u5373\u901a\u8fc7\u5c06\u66f4\u591a\u9ec4\u91d1\u7eb3\u5165\u5176\u8f68\u9053\uff0c\u4e2d\u56fd\u53ef\u4ee5\u5728\u6d41\u5165\u91cf\u5df2\u7ecf\u6539\u5584\u4e4b\u9645\uff0c\u589e\u52a0\u5176\u5e02\u573a\u548c\u8d27\u5e01\u7684\u5438\u5f15\u529b\u3002\\n<br \/>\nHutong Research\u7684\u5408\u4f19\u4eba\u3001\u72ec\u7acb\u5206\u6790\u516c\u53f8\u90ed\u5c71\u8868\u793a\uff1a\u201c\u5982\u679c\u4e2d\u56fd\u6301\u6709\u66f4\u591a\u9ec4\u91d1\uff0c\u4eba\u6c11\u5e01\u7684\u53ef\u4fe1\u5ea6\u5c31\u4f1a\u66f4\u9ad8\u3002\u5982\u679c\u6211\u662f\u4e00\u540d\u6295\u8d44\u8005\uff0c\u6211\u60f3\u6301\u6709\u4eba\u6c11\u5e01\uff0c\u6211\u7684\u7b2c\u4e00\u4e2a\u95ee\u9898\u662f\uff0c\u5982\u679c\u6211\u957f\u671f\u6301\u6709\u5b83\uff0c\u5b83\u7684\u4ef7\u503c\u4f1a\u53d1\u751f\u4ec0\u4e48\u53d8\u5316\uff1f\u5982\u679c\u53d1\u751f\u5371\u673a\uff0c\u4f1a\u53d1\u751f\u4ec0\u4e48\uff1f\u6211\u77e5\u9053\uff0c\u5982\u679c\u592e\u884c\u613f\u610f\uff0c\u5b83\u6709\u80fd\u529b\u652f\u6301\u8fd9\u79cd\u8d27\u5e01\u3002\u201d\\n<br \/>\n\u9ec4\u91d1\u8fd8\u53ef\u4ee5\u6ee1\u8db3\u4e2d\u56fd\u5bf9\u66ff\u4ee3\u8d44\u4ea7\u65e5\u76ca\u589e\u957f\u7684\u5174\u8da3\uff0c\u4ee5\u6b64\u4f5c\u4e3a\u5bf9\u6297\u7f8e\u5143\u4e3b\u5bfc\u5730\u4f4d\u7684\u4e00\u79cd\u65b9\u5f0f\uff0c\u751a\u81f3\u6570\u5b57\u4ee3\u5e01\u4e5f\u5728\u8003\u8651\u4e4b\u4e2d\u3002\u957f\u671f\u4ee5\u6765\uff0c\u5317\u4eac\u4e00\u76f4\u5bf9\u52a0\u5bc6\u8d27\u5e01\u6301\u8c28\u614e\u6001\u5ea6\uff0c\u8ba4\u4e3a\u5b83\u4eec\u5bf9\u91d1\u878d\u7a33\u5b9a\u548c\u8d44\u672c\u7ba1\u5236\u6784\u6210\u5a01\u80c1\uff0c\u4f46\u7ecf\u6d4e\u5b66\u5bb6\u73b0\u5728\u770b\u5230\u4e86\u53d8\u9769\u7684\u7a97\u53e3\uff0c\u56e0\u4e3a\u7f8e\u56fd\u6b63\u91c7\u53d6\u884c\u52a8\u6536\u7d27\u5bf9\u8fd9\u9879\u65b0\u5174\u6280\u672f\u7684\u63a7\u5236\u3002\\n<br \/>\n\u4e2d\u56fd\u4eba\u6c11\u94f6\u884c\u6ca1\u6709\u7acb\u5373\u56de\u5e94\u5f6d\u535a\u793e\u7684\u7f6e\u8bc4\u8bf7\u6c42\u3002\u82ac\u5170\u94f6\u884c\u65b0\u5174\u7ecf\u6d4e\u4f53\u7814\u7a76\u6240\u6240\u957f\u4f0a\u5361\u00b7\u79d1\u5c14\u970d\u5b81\u8868\u793a\uff1a\u201c\u4e2d\u56fd\u6b63\u8bd5\u56fe\u5c06\u5168\u7403\u91d1\u878d\u4f53\u7cfb\u7684\u4e00\u90e8\u5206\u4ece\u7f8e\u56fd\u7684\u63a7\u5236\u4e2d\u89e3\u653e\u51fa\u6765\u3002\u201d\u4ed6\u7684\u7814\u7a76\u5305\u62ec\u4e2d\u56fd\u548c\u4fc4\u7f57\u65af\u3002\u7531\u4e8e\u534e\u76db\u987f\u6b63\u5728\u7834\u574f\u81ea\u5df1\u7684\u4fe1\u8a89\uff0c\u5317\u4eac\u201c\u53ef\u80fd\u4f1a\u770b\u5230\u4ecb\u5165\u5e76\u5efa\u7acb\u5e73\u884c\u9ec4\u91d1\u4f53\u7cfb\u7684\u673a\u4f1a\u3002\u201d\\n<br \/>\n\u4e2d\u56fd\u653f\u7b56\u5236\u5b9a\u8005\u5df2\u7ecf\u91c7\u53d6\u5176\u4ed6\u63aa\u65bd\u6765\u63d0\u9ad8\u4e2d\u56fd\u5728\u91d1\u878d\u5e02\u573a\u4e0a\u7684\u5f71\u54cd\u529b\u2014\u2014\u653e\u677e\u8d44\u672c\u7ba1\u5236\uff0c\u4e0e\u9999\u6e2f\u63a8\u51fa\u4e92\u8054\u4e92\u901a\u7cfb\u7edf\uff0c\u5e76\u8ba1\u5212\u8ba9\u4e00\u4e9b\u672c\u5730\u6295\u8d44\u8005\u5c06\u66f4\u591a\u8d44\u91d1\u6295\u5165\u6d77\u5916\u8d44\u4ea7\u3002\u4e2d\u56fd\u79d1\u6280\u884c\u4e1a\u590d\u82cf\u7684\u8ff9\u8c61\u5438\u5f15\u4e86\u5168\u7403\u6295\u8d44\u8005\u8fdb\u5165\u4ece\u5728\u5cb8\u80a1\u7968\u5230\u53ef\u8f6c\u6362\u503a\u5238\u7b49\u5404\u79cd\u9886\u57df\u3002\\n<br \/>\n\u7136\u800c\uff0c\u5728\u5229\u7528\u4eba\u6c11\u5e01\u6765\u4fc3\u8fdb\u4eba\u6c11\u5e01\u7684\u4f7f\u7528\u548c\u6269\u5927\u4e2d\u56fd\u5728\u91d1\u878d\u5e02\u573a\uff08\u5c24\u5176\u662f\u5728\u5176\u5927\u91cf\u6d88\u8d39\u7684\u5927\u5b97\u5546\u54c1\u9886\u57df\uff09\u7684\u5f71\u54cd\u529b\u65b9\u9762\uff0c\u5176\u8fc7\u5f80\u8bb0\u5f55\u559c\u5fe7\u53c2\u534a\u3002\u4f8b\u5982\uff0c\u4ee5\u4eba\u6c11\u5e01\u8ba1\u4ef7\u7684\u94dc\u548c\u77f3\u6cb9\u5408\u7ea6\u7684\u6d41\u52a8\u6027\u4ec5\u4e3a\u4ee5\u7f8e\u5143\u4ea4\u6613\u7684\u56fd\u9645\u57fa\u51c6\u5408\u7ea6\u7684\u4e00\u5c0f\u90e8\u5206\u3002\u867d\u7136\u5317\u4eac\u7684\u66f4\u591a\u8de8\u5883\u4ea4\u6613\u73b0\u5728\u4ee5\u4eba\u6c11\u5e01\u7ed3\u7b97\uff0c\u4f46\u5b83\u751a\u81f3\u8fd8\u6ca1\u6709\u63a5\u8fd1\u4e3b\u5bfc\u7b2c\u4e09\u56fd\u4e4b\u95f4\u7684\u8d38\u6613\u3002\\n<br \/>\n\u4e2d\u56fd\u7684\u8d44\u672c\u8d26\u6237\u5c1a\u672a\u5b8c\u5168\u5f00\u653e\uff0c\u4eba\u6c11\u5e01\u53ef\u80fd\u53d7\u5230\u592e\u884c\u7684\u4e25\u91cd\u5f71\u54cd\u3002\u4e2d\u56fd\u5f53\u5c40\u901a\u8fc7\u914d\u989d\u5236\u5ea6\u63a7\u5236\u7740\u5927\u90e8\u5206\u8d44\u91d1\u6d41\u51fa\u6e20\u9053\uff0c\u4f8b\u5982\u5141\u8bb8\u5408\u683c\u7684\u5728\u5cb8\u673a\u6784\u6295\u8d44\u6d77\u5916\u8d44\u4ea7\u7684\u5236\u5ea6\u3002\u5728\u9ec4\u91d1\u65b9\u9762\uff0c\u4e0a\u6d77\u662f\u7f8e\u5143\u7ed3\u7b97\u7cfb\u7edf\u7684\u4e00\u4e2a\u663e\u8457\u66ff\u4ee3\u65b9\u6848\u2014\u2014\u4f46\u5373\u4f7f\u5728\u90a3\u91cc\uff0c\u6d41\u52a8\u6027\u4e5f\u843d\u540e\u4e8e\u4f26\u6566\u3002\\n<br \/>\n\u4e16\u754c\u4e0a\u6700\u5927\u7684\u9ec4\u91d1\u4ea4\u6613\u4e2d\u5fc3\u4f3c\u4e4e\u662f\u4e2d\u56fd\u6218\u7565\u80cc\u540e\u7684\u7075\u611f\u6765\u6e90\u3002\u5728\u82f1\u56fd\u5e1d\u56fd\u9f0e\u76db\u65f6\u671f\uff0c\u4ece\u4e16\u754c\u5404\u5730\u5f00\u91c7\u7684\u9ec4\u91d1\u88ab\u8fd0\u5f80\u9996\u90fd\u8fdb\u884c\u7ed3\u7b97\uff0c\u53d7\u76ca\u4e8e\uff08\u5e76\u53cd\u8fc7\u6765\u52a0\u5f3a\uff09\u6cd5\u5f8b\u3001\u91d1\u878d\u548c\u8d38\u6613\u7f51\u7edc\u3002\u8fd9\u5ea7\u57ce\u5e02\u62e5\u6709\u91d1\u5e93\uff0c\u7136\u540e\u5236\u5b9a\u4e86\u7cbe\u70bc\u6807\u51c6\u548c\u4ef7\u683c\u57fa\u51c6\u3002\u201c\u4f26\u6566\u5408\u683c\u4ea4\u5272\u6807\u51c6\u201d\u786e\u4fdd\u9ec4\u91d1\u5177\u6709\u4e00\u5b9a\u7684\u7eaf\u5ea6\u6c34\u5e73\uff0c\u5e76\u4e14\u6765\u81ea\u8ba4\u53ef\u7684\u7cbe\u70bc\u5546\u540d\u5355\uff0c\u8fd9\u4f7f\u5f97\u5927\u91cf\u9ec4\u91d1\u80fd\u591f\u6709\u6548\u4ea4\u6613\u3002\u4ea4\u6613\u7684\u9ec4\u91d1\u8d8a\u591a\uff0c\u521b\u9020\u7684\u8d22\u5bcc\u5c31\u8d8a\u591a\uff0c\u5176\u4ed6\u5168\u7403\u53c2\u4e0e\u8005\u5c31\u88ab\u5438\u5f15\u52a0\u5165\u3002\u4eca\u5929\uff0c\u4f26\u6566\u662f\u4e16\u754c\u4e0a\u6700\u5927\u7684\u73b0\u8d27\u5e02\u573a\u3002\u5373\u4f7f\u5728\u56fd\u9645\u6295\u8d44\u8005\u88ab\u5141\u8bb8\u5728\u4e0a\u6d77\u8fdb\u884c\u4eba\u6c11\u5e01\u4ea4\u6613\u5341\u5e74\u540e\uff0c\u4e2d\u56fd\u4ecd\u7136\u843d\u540e\u3002\\n<br \/>\n\u8d35\u91d1\u5c5e\u4ea4\u6613\u5e73\u53f0BullionVault\u7684\u7814\u7a76\u4e3b\u7ba1\u963f\u5fb7\u91cc\u5b89\u00b7\u963f\u4ec0\u8868\u793a\uff1a\u201c\u4f26\u6566\u5730\u4f4d\u80cc\u540e\u7684\u8bb8\u591a\u56e0\u7d20\u90fd\u662f\u957f\u671f\u7684\u9057\u4ea7\u3002\u8fd9\u5c06\u5f88\u96be\u514b\u670d\uff0c\u56e0\u4e3a\u6d41\u52a8\u6027\u6d41\u5411\u5df2\u7ecf\u6700\u5f3a\u7684\u5730\u65b9\u3002\u201d\u5317\u4eac\u5173\u6ce8\u7684\u8fd9\u4e00\u6210\u529f\u7684\u652f\u67f1\u4e4b\u4e00\u662f\u4e3a\u5176\u4ed6\u592e\u884c\u6301\u6709\u7684\u9ec4\u91d1\uff0c\u8fd9\u4e9b\u592e\u884c\u5c06\u9ec4\u91d1\u50a8\u5b58\u5728\u6258\u7ba1\u91d1\u5e93\u4e2d\uff0c\u5e76\u7ecf\u5e38\u4ea4\u6613\u548c\u501f\u51fa\u3002\u4eca\u5929\uff0c\u4f26\u6566\u50a8\u5b58\u4e86\u8d85\u8fc78800\u5428\u9ec4\u91d1\uff0c\u4f7f\u82f1\u683c\u5170\u94f6\u884c\u6210\u4e3a\u4e16\u754c\u7b2c\u4e8c\u5927\u9ec4\u91d1\u6258\u7ba1\u673a\u6784\uff0c\u4ec5\u6b21\u4e8e\u7ebd\u7ea6\u8054\u90a6\u50a8\u5907\u94f6\u884c\u3002\\n<br \/>\n\u8fd9\u6b63\u662f\u4e2d\u56fd\u7740\u624b\u590d\u5236\u7684\u3002\u4eca\u5e74\u65e9\u4e9b\u65f6\u5019\uff0c\u5317\u4eac\u5f00\u59cb\u4e89\u53d6\u5404\u56fd\u592e\u884c\u8d2d\u4e70\u9ec4\u91d1\u5e76\u5c06\u5176\u50a8\u5b58\u5728\u4e0e\u4e0a\u6d77\u9ec4\u91d1\u4ea4\u6613\u6240\uff08\u5176\u4e3b\u8981\u4ea4\u6613\u573a\u6240\uff09\u76f8\u5173\u7684\u91d1\u5e93\u4e2d\u3002\u52a8\u673a\u5f88\u7b80\u5355\u2014\u2014\u901a\u8fc7\u6210\u4e3a\u5916\u56fd\u50a8\u5907\u7684\u6258\u7ba1\u4eba\uff0c\u81f3\u5c11\u5bf9\u4e8e\u53cb\u597d\u56fd\u5bb6\u6301\u6709\u7684\u90e8\u5206\u50a8\u5907\uff0c\u4e2d\u56fd\u53ef\u4ee5\u5728\u5e02\u573a\u4e0a\u62e5\u6709\u66f4\u5927\u7684\u53d1\u8a00\u6743\u3002\u5e76\u4e14\u53ef\u4ee5\u5728\u6784\u5efa\u5bf9\u7f8e\u5143\u4f9d\u8d56\u7a0b\u5ea6\u8f83\u4f4e\u7684\u91d1\u878d\u67b6\u6784\u65b9\u9762\u53d6\u5f97\u91cd\u5927\u8fdb\u5c55\u3002\\n<br \/>\n\u5386\u53f2\u4e2d\u5fc3\u7684\u5b9e\u529b\u5df2\u7ecf\u53d7\u5230\u4e00\u6bb5\u65f6\u95f4\u7684\u6311\u6218\uff0c\u5305\u62ec\u5fb7\u56fd\u5728\u5185\u7684\u8bb8\u591a\u56fd\u5bb6\u51fa\u4e8e\u5b89\u5168\u539f\u56e0\u6216\u5728\u653f\u6cbb\u538b\u529b\u4e0b\u9063\u8fd4\u9ec4\u91d1\u3002\u6ce2\u5170\u3001\u8377\u5170\u548c\u5965\u5730\u5229\u4e5f\u91c7\u53d6\u4e86\u7c7b\u4f3c\u4e3e\u63aa\u3002\u4e2d\u56fd\u5728\u8fd9\u91cc\u7684\u63a8\u9500\u5c06\u5438\u5f15\u4eba\u4eec\u5bf9\u975e\u897f\u65b9\u653f\u6cbb\u548c\u7ecf\u6d4e\u4f53\u7cfb\u65e5\u76ca\u589e\u957f\u7684\u6e34\u671b\uff0c\u8fd9\u79cd\u4f53\u7cfb\u662f\u5236\u88c1\u65e0\u6cd5\u89e6\u53ca\u7684\u2014\u2014\u91d1\u7816\u56fd\u5bb6\uff08\u4e00\u4e2a\u4ece\u6295\u8d44\u8bba\u6587\u6f14\u53d8\u4e3a\u73b0\u5b9e\u4e16\u754c\u7684\u4ff1\u4e50\u90e8\uff0c\u73b0\u5728\u5360\u4e16\u754c\u7ecf\u6d4e\u768440%\uff09\u7b49\u56fd\u5bb6\u7684\u6258\u7ba1\u4eba\u3002\u4e2d\u56fd\u7684\u76df\u53cb\u4e2d\u5f88\u5c11\u6709\u4eba\u9700\u8981\u63d0\u9192\u7684\u662f\uff0c\u59d4\u5185\u745e\u62c9\u7684\u5927\u91cf\u9ec4\u91d1\u4e00\u76f4\u88ab\u51bb\u7ed3\u5728\u82f1\u683c\u5170\u94f6\u884c\u3002\\n<br \/>\n\u4e0e\u5317\u4eac\u52a0\u6df1\u7ecf\u6d4e\u8054\u7cfb\u7684\u91d1\u7816\u56fd\u5bb6\u5357\u975e\u8868\u793a\uff0c\u5c06\u8003\u8651\u5c06\u5176\u50a8\u5907\u50a8\u5b58\u5728\u4efb\u4f55\u6700\u4f73\u5730\u70b9\u3002\u5357\u975e\u50a8\u5907\u94f6\u884c\u5728\u4e00\u5c01\u7535\u5b50\u90ae\u4ef6\u56de\u590d\u4e2d\u8868\u793a\uff1a\u201c\u8bc4\u4f30\u66ff\u4ee3\u7cfb\u7edf\u662f\u5426\u80fd\u6ee1\u8db3\u76f8\u540c\u7684\u6807\u51c6\u8fd8\u4e3a\u65f6\u8fc7\u65e9\u201d\uff0c\u5e76\u8865\u5145\u8bf4\uff0c\u5c06\u9ec4\u91d1\u50a8\u5b58\u5728\u5173\u952e\u67a2\u7ebd\u4e2d\uff0c\u53ef\u4ee5\u8ba9\u94f6\u884c\u79ef\u6781\u7ba1\u7406\u50a8\u5907\uff0c\u540c\u65f6\u786e\u4fdd\u9ec4\u91d1\u5728\u5168\u7403\u8303\u56f4\u5185\u88ab\u63a5\u53d7\u3002\\n<br \/>\nBullionVault\u7684\u963f\u4ec0\u8868\u793a\uff0c\u5141\u8bb8\u5404\u56fd\u592e\u884c\u5728\u4e0a\u6d77\u9ec4\u91d1\u4ea4\u6613\u6240\u4ea4\u6613\u9ec4\u91d1\u5e76\u5c06\u5176\u501f\u7ed9\u91d1\u6761\u94f6\u884c\u5c06\u662f\u4e2d\u56fd\u5408\u4e4e\u903b\u8f91\u7684\u4e0b\u4e00\u6b65\u3002\u201c\u9274\u4e8e\u4e2d\u56fd\u7684\u96c4\u5fc3\uff0c\u8fd9\u662f\u6709\u9053\u7406\u7684\uff0c\u201d\u4ed6\u8bf4\u3002\u5176\u4ed6\u673a\u6784\u5219\u8f83\u4e3a\u8c28\u614e\u3002\u585e\u5c14\u7ef4\u4e9a\u56fd\u5bb6\u94f6\u884c\u5728\u56de\u5e94\u8be2\u95ee\u65f6\u8868\u793a\uff0c\u5730\u7f18\u653f\u6cbb\u62c5\u5fe7\u662f\u91cd\u8981\u56e0\u7d20\uff0c\u4f46\u8be5\u94f6\u884c\u5df2\u5c06\u5927\u90e8\u5206\u9ec4\u91d1\u4ece\u56fd\u5916\u9063\u8fd4\uff0c\u5e76\u5e0c\u671b\u201c\u5728\u5371\u673a\u548c\u4e0d\u786e\u5b9a\u65f6\u671f\u589e\u52a0\u9ec4\u91d1\u50a8\u5907\u7684\u53ef\u7528\u6027\u548c\u5b89\u5168\u6027\u201d\u3002\u636e\u77e5\u60c5\u4eba\u58eb\u900f\u9732\uff0c\u5230\u76ee\u524d\u4e3a\u6b62\uff0c\u81f3\u5c11\u6709\u4e00\u4e2a\u4e1c\u5357\u4e9a\u56fd\u5bb6\u5bf9\u4e2d\u56fd\u7684\u8ba1\u5212\u8868\u793a\u4e86\u5174\u8da3\uff0c\u7531\u4e8e\u8ba8\u8bba\u5f88\u654f\u611f\uff0c\u4ed6\u4eec\u8981\u6c42\u4e0d\u5177\u540d\u3002\\n<br \/>\n\u6700\u8fd1\u7684\u5386\u53f2\u6b63\u5728\u4fc3\u4f7f\u5317\u4eac\u91c7\u53d6\u884c\u52a8\u3002\u4e2d\u56fd\u5728\u89c2\u5bdf\u548c\u5b66\u4e60\u4fc4\u7f57\u65af\u65b9\u9762\u6709\u7740\u60a0\u4e45\u7684\u5386\u53f2\uff0c\u53ef\u4ee5\u8ffd\u6eaf\u5230\u82cf\u8054\u65f6\u4ee3\u2014\u2014\u6bd5\u7adf\uff0c\u5f88\u5c11\u6709\u4eba\u6bd4\u4e2d\u56fd\u66f4\u8ba4\u771f\u5730\u7814\u7a76\u8fc7\u82cf\u8054\u7684\u89e3\u4f53\u3002\u5317\u4eac\u540c\u6837\u4e00\u4e1d\u4e0d\u82df\u5730\u7814\u7a76\u4e86\u5f17\u62c9\u57fa\u7c73\u5c14\u00b7\u666e\u4eac\u8fc7\u53bb\u5341\u5e74\u5efa\u7acb\u7684\u5177\u6709\u97e7\u6027\u7684\u91d1\u878d\u5821\u5792\uff0c\u8fd9\u662f\u4e00\u79cd\u9632\u8303\u5236\u88c1\u7684\u63aa\u65bd\uff0c\u4fc3\u4f7f\u5317\u4eac\u5bf9\u5176\u81ea\u8eab\u5bf9\u7f8e\u5143\u7684\u6301\u7eed\u4f9d\u8d56\u611f\u5230\u62c5\u5fe7\u3002\\n<br \/>\n\u81ea2022\u5e74\u4ee5\u6765\uff0c\u4fc4\u7f57\u65af\u592e\u884c\u5728\u5cb8\u79ef\u7d2f\u7684\u9ec4\u91d1\uff08\u81ea2014\u5e74\u541e\u5e76\u514b\u91cc\u7c73\u4e9a\u540e\uff0c\u5f53\u4ef7\u683c\u4ecd\u7136\u9002\u4e2d\u65f6\uff0c\u4fc4\u7f57\u65af\u592e\u884c\u5f00\u59cb\u51cf\u5c11\u7f8e\u5143\u98ce\u9669\u655e\u53e3\uff0c\u6210\u4e3a\u9886\u5148\u7684\u4e3b\u6743\u4e70\u5bb6\uff09\u4e00\u76f4\u662f\u83ab\u65af\u79d1\u91d1\u878d\u7a33\u5b9a\u7684\u5173\u952e\u56e0\u7d20\u3002\u5c3d\u7ba1\u9ec4\u91d1\u5c1a\u672a\u51fa\u552e\uff0c\u4f46\u9ec4\u91d1\u4f7f\u83ab\u65af\u79d1\u80fd\u591f\u5e94\u5bf9\u51bb\u7ed3\u5728\u56fd\u5916\u6301\u6709\u7684\u5916\u6c47\u50a8\u5907\uff0c\u8fd9\u662f\u897f\u65b9\u653f\u5e9c\u524d\u6240\u672a\u6709\u7684\u4e3e\u52a8\u3002\u81ea\u6218\u4e89\u5f00\u59cb\u4ee5\u6765\uff0c\u9ec4\u91d1\u4ef7\u503c\u5927\u5e45\u4e0a\u6da8\uff0c\u4ef7\u683c\u4e0a\u6da8\u4e86\u4e00\u500d\u591a\uff0c\u8fd9\u4e5f\u6709\u6240\u5e2e\u52a9\u3002\\n<br \/>\n\u6839\u636e\u82f1\u56fd\u5916\u4ea4\u3001\u8054\u90a6\u548c\u53d1\u5c55\u529e\u516c\u5ba4\u59d4\u6258\u3001\u667a\u5e93\u5170\u5fb7\u6b27\u6d32\u53bb\u5e74\u53d1\u5e03\u7684\u4e00\u4efd\u62a5\u544a\uff0c\u9ec4\u91d1\u662f\u83ab\u65af\u79d1\u7684\u91cd\u8981\u8d44\u6e90\uff0c\u5e76\u4e14\u5df2\u6210\u4e3a\u6218\u65f6\u8d38\u6613\u5173\u7cfb\u7684\u5173\u952e\u7ec4\u6210\u90e8\u5206\u3002\u9886\u5bfc\u8fd9\u9879\u7814\u7a76\u7684\u5206\u6790\u5e08\u7ea6\u7ff0\u00b7\u80af\u5c3c\u8fea\u8868\u793a\uff1a\u201c\u9ec4\u91d1\u88ab\u89c6\u4e3a2022\u5e74\u548c2023\u5e74\u7ecf\u6d4e\u4e0d\u786e\u5b9a\u6027\u7684\u4e00\u79cd\u7b54\u6848\u3002\u201d\\n<br \/>\n\u5c31\u4e2d\u56fd\u800c\u8a00\uff0c\u81f3\u5c11\u4ece2015\u5e74\uff08\u5373\u66f4\u5b9a\u671f\u66f4\u65b0\u6301\u80a1\u91cf\u7684\u65e5\u671f\uff09\u8d77\uff0c\u4e2d\u56fd\u4e00\u76f4\u5728\u5206\u591a\u6279\u6b21\u589e\u52a0\u9ec4\u91d1\u50a8\u5907\u3002\u73b0\u5728\u5df2\u7ecf\u8fd9\u6837\u505a\u4e86\u4e94\u5e74\u3002\u8fd9\u79cd\u60c5\u51b5\u53d1\u751f\u5728\u56fd\u5bb6\u964d\u4f4e\u5176\u7f8e\u56fd\u56fd\u503a\u6301\u6709\u91cf\u4e4b\u9645\u2014\u2014\u622a\u81f37\u6708\u5e95\uff0c\u8fd9\u4e9b\u6301\u6709\u91cf\u6bd42015\u5e74\u5e95\u4e0b\u964d\u4e8641%\u3002\u4e00\u4e9b\u5206\u6790\u5e08\u8ba4\u4e3a\uff0c\u5e76\u975e\u5317\u4eac\u7684\u6240\u6709\u8d2d\u4e70\u884c\u4e3a\u90fd\u5df2\u62ab\u9732\uff0c\u4f46\u5373\u4f7f\u6309\u7167\u5b98\u65b9\u6570\u636e\u8ba1\u7b97\uff0c\u4ecd\u6709\u7ee7\u7eed\u79ef\u7d2f\u7684\u7a7a\u95f4\u2014\u2014\u9ec4\u91d1\u5360\u603b\u50a8\u5907\u7684\u6bd4\u4f8b\u4e0d\u52309%\uff0c\u800c\u4e16\u754c\u9ec4\u91d1\u534f\u4f1a\u7684\u6570\u636e\u663e\u793a\uff0c\u5168\u7403\u5e73\u5747\u6c34\u5e73\u7ea6\u4e3a20%\u3002\u7f8e\u56fd\u50a8\u5907\u662f\u8fc4\u4eca\u4e3a\u6b62\u4e16\u754c\u4e0a\u6700\u5927\u7684\u50a8\u5907\uff0c\u662f\u4e2d\u56fd\u7684\u50a8\u5907\u7684\u4e09\u500d\u591a\u3002\\n<br \/>\n\u9ec4\u91d1\u7684\u4ef7\u683c\u4e5f\u5e94\u7ee7\u7eed\u5f15\u8d77\u5317\u4eac\u7684\u5173\u6ce8\u3002\u9006\u52bf\u4e0a\u6da8\u5df2\u5c06\u5e02\u573a\u5e26\u5165\u672a\u77e5\u9886\u57df\uff0c\u4f46\u5373\u4f7f\u672a\u6765\u51e0\u5929\u4e00\u4e9b\u76f4\u63a5\u7684\u5149\u8292\u6d88\u9000\uff0c\u63a8\u52a8\u9ec4\u91d1\u8d70\u9ad8\u7684\u4e3b\u8981\u529b\u91cf\u4ecd\u7136\u5b58\u5728\u3002\u5404\u56fd\u592e\u884c\u5c06\u7ee7\u7eed\u5b9e\u73b0\u591a\u5143\u5316\uff0c\u79c1\u4eba\u6295\u8d44\u8005\u4e5f\u6709\u589e\u957f\u7a7a\u95f4\uff0c\u4ee5\u9ec4\u91d1\u4e3a\u540e\u76fe\u7684\u4ea4\u6613\u6240\u4ea4\u6613\u57fa\u91d1\u7684\u603b\u6301\u6709\u91cf\u4ecd\u8fdc\u672a\u8fbe\u52302020\u5e74\u7684\u5cf0\u503c\u3002\u9ad8\u76db\u96c6\u56e2\u4f30\u8ba1\uff0c\u5373\u4f7f\u53ea\u67091%\u7684\u79c1\u4eba\u6301\u6709\u7684\u7f8e\u56fd\u56fd\u503a\u8f6c\u5411\u9ec4\u91d1\uff0c\u9ec4\u91d1\u4e5f\u80fd\u8fbe\u5230\u6bcf\u76ce\u53f85000\u7f8e\u5143\u3002\u80af\u5c3c\u8fea\u8868\u793a\uff1a\u201c\u4e2d\u56fd\u6b63\u5728\u4ee5\u65b0\u7684\u4fe1\u5fc3\u6c34\u5e73\u8c08\u8bba\u66ff\u4ee3\u652f\u4ed8\u65b9\u5f0f\u3002\u9ec4\u91d1\u662f\u5176\u4e2d\u7684\u5173\u952e\u90e8\u5206\u3002\u201d <\/p>\n<hr>\n<p><b>\u5206\u6790\u5927\u6a21\u578b\uff1a<\/b>gemma2<br \/><b>\u5f97\u5206\uff1a<\/b>40<br \/><b>\u539f\u56e0\uff1a<\/b><\/p>\n<pre style=\"white-space: pre-wrap;font-size: inherit;\">\u6587\u7ae0\u4e3b\u8981\u63cf\u8ff0\u4e86\u4e2d\u56fd\u5982\u4f55\u901a\u8fc7\u589e\u52a0\u9ec4\u91d1\u50a8\u5907\u6765\u51cf\u5c11\u5bf9\u7f8e\u5143\u7684\u4f9d\u8d56\uff0c\u5e76\u5728\u56fd\u9645\u91d1\u878d\u4f53\u7cfb\u4e2d\u53d1\u6325\u66f4\u5927\u7684\u4f5c\u7528\u3002\u867d\u7136\u63d0\u5230\u4e86\u4e2d\u56fd\u7684\u6311\u6218\u548c\u5c40\u9650\u6027\uff0c\u4f46\u6574\u4f53\u57fa\u8c03\u662f\u79ef\u6781\u7684\uff0c\u5f3a\u8c03\u4e86\u4e2d\u56fd\u5728\u91d1\u878d\u9886\u57df\u7684\u52aa\u529b\u548c\u6f5c\u529b\u3002<\/pre>\n<hr>\n<p><b>\u539f\u6587\u5730\u5740\uff1a<\/b><a href=\"https:\/\/www.bloomberg.com\/news\/features\/2025-10-09\/gold-s-rally-is-helping-china-build-a-world-less-dependent-on-trump-us-dollar\" target=\"_blank\">Gold\u2019s Rally Is Helping China Build a World Less Dependent on Trump, US Dollar<\/a><br \/> <b>\u65b0\u95fb\u65e5\u671f\uff1a<\/b>2025-10-09<\/p>\n<div style=\"margin: 20px 0;\"><div class=\"qrcswholewtapper\" style=\"text-align:left;\"><div class=\"qrcprowrapper\"  id=\"qrcwraa2leds\"><div class=\"qrc_canvass\" id=\"qrc_cuttenpages_2\" style=\"display:inline-block\" data-text=\"https:\/\/news.tomjun.com\/?p=37912\"><\/div><div><a download=\"\u3010\u6b63\u9762\u3011[bloomberg]\u9ec4\u91d1\u4e0a\u6da8\u52a9\u529b\u4e2d\u56fd\u6446\u8131\u5bf9\u7f8e\u5143\u4f9d\u8d56.png\" class=\"qrcdownloads\" id=\"worign\">\r\n           <button type=\"button\" style=\"min-width:200px;background:#44d813;color:#000;font-weight: 600;border: 1px solid #44d813;border-radius:20px;font-size:12px;padding: 6px 0;\" class=\"uqr_code_btn\">\u6587\u7ae0\u4e8c\u7ef4\u7801<\/button>\r\n           <\/a><\/div><\/div><\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>\u4e00\u573a\u8fc5\u731b\u7684\u9ec4\u91d1\u6da8\u52bf\u6b63\u52a9\u529b\u4e2d\u56fd\u671d\u7740\u51cf\u5c11\u5bf9\u4ee5\u7f8e\u56fd\u4e3a\u4e2d\u5fc3\u7684\u91d1\u878d\u5e02\u573a\u4f9d\u8d56\u7684\u76ee\u6807\u66f4\u8fdb\u4e00\u6b65\u3002\u5317\u4eac\u5df2\u7ecf\u79ef\u7d2f\u50a8\u5907\u957f\u8fbe\u5341\u5e74\uff0c\u5efa\u7acb [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[79],"tags":[80,761,3189,2551,10492],"class_list":["post-37912","post","type-post","status-publish","format-standard","hentry","category-79","tag-80","tag-761","tag-3189","tag-2551","tag-10492"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/news.tomjun.com\/index.php?rest_route=\/wp\/v2\/posts\/37912","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/news.tomjun.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.tomjun.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.tomjun.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/news.tomjun.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=37912"}],"version-history":[{"count":1,"href":"https:\/\/news.tomjun.com\/index.php?rest_route=\/wp\/v2\/posts\/37912\/revisions"}],"predecessor-version":[{"id":37913,"href":"https:\/\/news.tomjun.com\/index.php?rest_route=\/wp\/v2\/posts\/37912\/revisions\/37913"}],"wp:attachment":[{"href":"https:\/\/news.tomjun.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=37912"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.tomjun.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=37912"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.tomjun.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=37912"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}