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文：华创证券研究所副所长、首席宏观分析师张瑜（执业证号：S0360518090001）联系人：李星宇（18810112501）报告摘要前言近期黄金价格创新高成为市场热点，黄金涨幅远超市场预期。金价收益率“负偏度、低峰度”的统计分布特征是金价难以预测的重要原因。我们梳理了世界黄金协会使用的三个主流黄金定价模型（月度回报归...

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黄金 张瑜 黄金的“非寻常”定价 贵金属 黄金价格 世界黄金协会

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