Quant Mutual Fund预计黄金将降低其当前价值12-15％

尽管在过去的几个月中有光荣的黄金集会，但它谨慎地透露了其前景中的贵金属可能已经达到顶峰

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.

尽管注意到其长期看涨前景，但Quant Mutual Fund预计，尽管其目前的水平下降了12-15％。它还提供了原油，股票，比特币和货币运动的前景的更新。

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.

尽管黄金在最近几个月的令人印象深刻的集会，但Quant Mutual Fund谨慎地表明，黄金金属可能已经达到顶峰，并有望在短期内进行一些校正（以美元计算）。

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.

基金会在其最新的月度市场宣布中观察到，通常是五月对黄金产生积极摩擦的月份。但是，历史季节性与宏观信号的结合表明了可能的合并期。

“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的每月发布。

Crude Oil, Bitcoin:

原油，比特币：

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原油的缺点大多是发挥作用的。同时，五月通常是石油的看涨月份，因此任何上升空间都可以计算出某些事情，尤其是如果加强新兴市场中当前的边际风险情绪。

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.

尽管有历史趋势（比特币通常显示5月份的看跌趋势），但数据仍支持看涨的观点。值得注意的是，Quant的分析提供了意外的转折：它们表明了看涨的前景，尤其是鉴于全球不确定性的增长。

“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.

该新闻稿说：“尽管对于比特币而言，五月通常对看跌是平坦的，但我们的分析工具认可了目前的全球不确定性看待前景，这将是高风险胃口全球投资者的理想投资。”

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

公平前景：短期退后，在中期宽广的方法。

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.

根据基金会的数据，全球进入美国股票市场的流入在2025年1月达到了高峰。从那时起，流入从全球投资者中不断减少到美国股票，尤其是技术股票。

“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.

该新闻稿说：“因此，在美国股权中，尤其是纳斯达克股票中有一个重要的高位。尽管很可能有近期的回调，但中期趋势仍然很弱，未来几个月对于全球股权，尤其是美国股权，这将是挑战性的。”

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

尽管如此，Quant并未将持续的更正视为熊市，并指出：“对于深熊市假设，我们需要更严格的全球流动性，目前全球流动性仍然相对强大