Quant Mutual Fund預計黃金將降低其當前價值12-15％

儘管在過去的幾個月中有光榮的黃金集會，但它謹慎地透露了其前景中的貴金屬可能已經達到頂峰

Quant Mutual Fund anticipates a 12–15% decline in gold from its present levels, despite noting its long-term bullish prospects. It also provides an update on the outlook for crude oil, equities, Bitcoin, and currency movements.

儘管注意到其長期看漲前景，但Quant Mutual Fund預計，儘管其目前的水平下降了12-15％。它還提供了原油，股票，比特幣和貨幣運動的前景的更新。

Despite gold’s impressive rally in recent months, Quant Mutual Fund is cautiously suggesting that the yellow metal may have peaked and is poised for some correction—to the tune of 12–15% in dollar terms—in the near term.

儘管黃金在最近幾個月的令人印象深刻的集會，但Quant Mutual Fund謹慎地表明，黃金金屬可能已經達到頂峰，並有望在短期內進行一些校正（以美元計算）。

The fund house observed in its latest monthly market note that May was usually the month that had a positive rub-off for gold. But a combination of historical seasonality with macro signals suggested a likely consolidation period ahead.

基金會在其最新的月度市場宣布中觀察到，通常是五月對黃金產生積極摩擦的月份。但是，歷史季節性與宏觀信號的結合表明了可能的合併期。

“However, our medium-term and long-term views are equally constructive and we reiterate that a meaningful percentage of your portfolio should be dedicated towards precious metals,” according to the monthly release by Quant Mutual Fund.

Quath Mutual Fund的每月發布。

Crude Oil, Bitcoin:

原油，比特幣：

Quant’s Mutual Fund outlook is that the downside on NYMEX crude has mostly played out. Meanwhile, May is usually a bullish month for oil, so any upside could count for something, especially if the current marginal risk-on sentiment in emerging markets is strengthened.

Quant的共同基金前景是，Nymex原油的缺點大多是發揮作用的。同時，五月通常是石油的看漲月份，因此任何上升空間都可以計算出某些事情，尤其是如果加強新興市場中當前的邊際風險情緒。

Despite historical trends—where Bitcoin typically shows bearish tendencies in May—current data supports a bullish view. Notably, Quant’s analytics provides an unexpected twist: they indicate an bullish outlook, particularly in light of rising global uncertainties.

儘管有歷史趨勢（比特幣通常顯示5月份的看跌趨勢），但數據仍支持看漲的觀點。值得注意的是，Quant的分析提供了意外的轉折：它們表明了看漲的前景，尤其是鑑於全球不確定性的增長。

“Though for Bitcoin, the month of May is generally flat to bearish but our analytical tools are endorsing a bullish outlook with current global uncertainties, it would be an ideal investment for high-risk appetite global investors,” the release says.

該新聞稿說：“儘管對於比特幣而言，五月通常對看跌是平坦的，但我們的分析工具認可了目前的全球不確定性看待前景，這將是高風險胃口全球投資者的理想投資。”

Equity Outlook: Short Term Pull Back, Broad-Minded Approach in the Middle Term.

公平前景：短期退後，在中期寬廣的方法。

According to the fund house, global inflows into the U.S. equity market reached a peak in January 2025. Since then, inflows have continuously reduced from global investors into U.S. stocks, particularly into technology stocks.

根據基金會的數據，全球進入美國股票市場的流入在2025年1月達到了高峰。從那時起，流入從全球投資者中不斷減少到美國股票，尤其是技術股票。

“Therefore, an important high is in place in US equity and the Nasdaq in particular. Although a near-term pullback is probable, the medium-term trend is still weak and the next few months will be quite challenging for global equity and U.S. equity in particular,” the release said.

該新聞稿說：“因此，在美國股權中，尤其是納斯達克股票中有一個重要的高位。儘管很可能有近期的回調，但中期趨勢仍然很弱，未來幾個月對於全球股權，尤其是美國股權，這將是挑戰性的。”

Despite this, Quant does not view the ongoing correction as a bear market, stating: “For a deep bear market hypothesis, we require tighter global liquidity and currently global liquidity remains relatively quite strong

儘管如此，Quant並未將持續的更正視為熊市，並指出：“對於深熊市假設，我們需要更嚴格的全球流動性，目前全球流動性仍然相對強大