{"id":150667,"date":"2026-06-25T14:14:11","date_gmt":"2026-06-25T14:14:11","guid":{"rendered":"https:\/\/www.europesays.com\/hu\/150667\/"},"modified":"2026-06-25T14:14:11","modified_gmt":"2026-06-25T14:14:11","slug":"panik-az-aranypiacon-olyat-lattak-a-befektetok-amire-fel-eve-nem-volt-pelda","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/hu\/150667\/","title":{"rendered":"P\u00e1nik az aranypiacon? Olyat l\u00e1ttak a befektet\u0151k, amire f\u00e9l \u00e9ve nem volt p\u00e9lda"},"content":{"rendered":"<p data-alignment=\"left\" class=\"text-left\" data-block-key=\"tsqfn\">Az arany az elm\u00falt h\u00e1rom \u00e9v egyik legjobban teljes\u00edt\u0151 befektet\u00e9se volt. A jegybankok, alapkezel\u0151k \u00e9s lakoss\u00e1gi befektet\u0151k v\u00e1s\u00e1rl\u00e1sai nyom\u00e1n az \u00e1rfolyam t\u00f6bb mint k\u00e9tszeres\u00e9re emelkedett, \u00e9s 2026 elej\u00e9n megk\u00f6zel\u00edtette az 5600 doll\u00e1ros t\u00f6rt\u00e9nelmi cs\u00facsot. A rali janu\u00e1r v\u00e9g\u00e9n megt\u00f6rt, az\u00f3ta a nemesf\u00e9m t\u00f6bb mint 20 sz\u00e1zal\u00e9kot vesz\u00edtett \u00e9rt\u00e9k\u00e9b\u0151l, ami m\u00e1r a medvepiac kateg\u00f3ri\u00e1j\u00e1ba sorolja a mozg\u00e1st.<\/p>\n<p data-alignment=\"left\" class=\"text-left\" data-block-key=\"d03vd\">A piaci szerepl\u0151k szerint a fordulat m\u00f6g\u00f6tt els\u0151sorban a kamatv\u00e1rakoz\u00e1sok v\u00e1ltoz\u00e1sa \u00e1ll. Az Egyes\u00fclt \u00c1llamok \u00e9s Ir\u00e1n k\u00f6z\u00f6tti fesz\u00fclts\u00e9g, valamint az energia\u00e1rak emelked\u00e9se er\u0151s\u00edtette az infl\u00e1ci\u00f3s kock\u00e1zatokat, ami n\u00f6velte a tov\u00e1bbi kamatemel\u00e9sek val\u00f3sz\u00edn\u0171s\u00e9g\u00e9t. A magasabb kamatszint a k\u00f6tv\u00e9nyek \u00e9s m\u00e1s hozamtermel\u0151 eszk\u00f6z\u00f6k fel\u00e9 tereli a befektet\u0151ket, mik\u00f6zben az arany versenyh\u00e1tr\u00e1nyba ker\u00fcl, mivel nem fizet kamatot.<\/p>\n<p>  <a rel=\"noopener nofollow\" href=\"https:\/\/indamediasales.hu\/2019\/06\/25\/quality_placement_minosegbiztositasi_tajekoztato_728\" target=\"_blank\" class=\"flex items-center\"><\/p>\n<p>      <img loading=\"lazy\" decoding=\"async\" src=\"https:\/\/www.economx.hu\/neon\/static\/images\/brand\/quality_placement_logo.svg\" alt=\"Quality Placement\" width=\"150\" height=\"15\"\/><\/p>\n<p>  <\/a><\/p>\n<p>\n  hirdet\u00e9s<\/p>\n<p>    X<\/p>\n<p data-alignment=\"left\" class=\"text-left\" data-block-key=\"8bh5t\">A piac reakci\u00f3j\u00e1t tov\u00e1bb er\u0151s\u00edtette Kevin Warsh, a Federal Reserve \u00faj eln\u00f6k\u00e9nek els\u0151 kamatd\u00f6nt\u0151 \u00fcl\u00e9se ut\u00e1ni <a href=\"https:\/\/www.cnbc.com\/2026\/06\/17\/fed-interest-rate-decision-june-2026.html\" target=\"_blank\" rel=\" noopener noreferrer nofollow\">nyilatkozata<\/a>. A jegybankeln\u00f6k a v\u00e1rtn\u00e1l szigor\u00fabb hangnemet \u00fct\u00f6tt meg, ami a befektet\u0151k szerint a magas kamatok tart\u00f3s fennmarad\u00e1s\u00e1t vet\u00edti el\u0151re. Ewa Manthey, az ING \u00e1rupiaci strat\u00e9g\u00e1ja szerint az arany \u00e1rfolyam\u00e1nak k\u00f6zelm\u00faltbeli es\u00e9se d\u00f6nt\u0151en a kamatv\u00e1rakoz\u00e1sok \u00e1t\u00e1raz\u00f3d\u00e1s\u00e1val magyar\u00e1zhat\u00f3.<\/p>\n<p data-alignment=\"left\" class=\"text-left\" data-block-key=\"aaaim\">A nagy befektet\u00e9si bankok is visszafogottabb v\u00e1rakoz\u00e1sokat fogalmaznak meg. A <a href=\"https:\/\/beincrypto.com\/goldman-cuts-gold-forecast-end-of-2026\/\" target=\"_blank\" rel=\" noopener noreferrer nofollow\">Goldman Sachs<\/a> 500 doll\u00e1rral cs\u00f6kkentette \u00e9v v\u00e9gi el\u0151rejelz\u00e9s\u00e9t, \u00e9s m\u00e1r 4900 doll\u00e1ros unci\u00e1nk\u00e9nti \u00e1rfolyamot v\u00e1r, m\u00edg a <a href=\"https:\/\/financialpost.com\/pmn\/business-pmn\/deutsche-bank-cuts-gold-forecasts-up-to-22-as-bulls-temper-view\" target=\"_blank\" rel=\" noopener noreferrer nofollow\">Deutsche Bank<\/a> 17 sz\u00e1zal\u00e9kkal m\u00e9rs\u00e9kelte negyedik negyed\u00e9ves progn\u00f3zis\u00e1t. A n\u00e9met p\u00e9nzint\u00e9zet szerint az aranyalap\u00fa ETF-ekb\u0151l folyamatos a t\u0151kekivon\u00e1s, mik\u00f6zben a k\u00ednai kereslet sem ny\u00fajt akkora t\u00e1maszt a piacnak, mint kor\u00e1bban.<\/p>\n<p data-alignment=\"left\" class=\"text-left\" data-block-key=\"36mfc\">A jegybankok v\u00e1s\u00e1rl\u00e1sai tov\u00e1bbra is ellens\u00falyt jelentenek az elad\u00f3i nyom\u00e1ssal szemben. Az els\u0151 negyed\u00e9vben a k\u00f6zponti bankok t\u00f6bb mint egy \u00e9ve nem l\u00e1tott \u00fctemben n\u00f6velt\u00e9k aranytartal\u00e9kaikat, \u00e9s a felm\u00e9r\u00e9sek szerint a v\u00e1s\u00e1rl\u00e1si kedv a k\u00f6vetkez\u0151 h\u00f3napokban is fennmaradhat. A Deutsche Bank elemz\u0151i szerint jelenleg ez a legfontosabb t\u00e9nyez\u0151, amely f\u00e9kezi az arany \u00e1rfolyam\u00e1nak tov\u00e1bbi gyeng\u00fcl\u00e9s\u00e9t.<\/p>\n<p data-alignment=\"left\" class=\"text-left\" data-block-key=\"9b0ko\">A nemzetk\u00f6zi trendekt\u0151l <a href=\"https:\/\/www.economx.hu\/gazdasag\/2026\/06\/24\/varatlan-fordulat-az-aranypiacon-a-hasznalt-ekszerek-mentik-a-kereskedoket\/\" target=\"_blank\" rel=\" noopener noreferrer nofollow\" data-link-preview=\"true\" data-og-title=\"V\u00e1ratlan fordulat az aranypiacon: a haszn\u00e1lt \u00e9kszerek mentik a keresked\u0151ket\" data-og-description=\"Bevezetett importv\u00e1m-emel\u00e9sek, gyeng\u00fcl\u0151 helyi valuta \u00e9s bizonytalan befektet\u0151i hangulat alak\u00edtja az indiai aranypiacot, ahol egyre l\u00e1tv\u00e1nyosabban elt\u00e9rnek a belf\u00f6ldi \u00e9s a nemzetk\u00f6zi \u00e1rfolyamok.\" data-og-image=\"https:\/\/www.economx.hu\/neon\/media\/images\/Jewellerygold.format-jpeg.max-3840x2160.jpg\" data-og-column=\"Gazdas\u00e1g\" data-og-tags=\"[&quot;Gazdas\\u00e1g&quot;, &quot;arany&quot;, &quot;piac&quot;]\">elt\u00e9r\u0151 folyamatok figyelhet\u0151k meg Indi\u00e1ban.<\/a> Ott az importv\u00e1m-emel\u00e9s \u00e9s a gyeng\u00fcl\u0151 r\u00fapia miatt tov\u00e1bbra is magas szinten maradtak az \u00e1rak, mik\u00f6zben a kereslet m\u00e9rs\u00e9kl\u0151d\u00f6tt. Az \u00e9kszerkeresked\u0151k egyre nagyobb ar\u00e1nyban \u00e9p\u00edtenek a haszn\u00e1lt arany besz\u00e1m\u00edt\u00e1s\u00e1ra: egyes \u00fczletekben ezek a tranzakci\u00f3k m\u00e1r az \u00e9rt\u00e9kes\u00edt\u00e9sek 60\u201370 sz\u00e1zal\u00e9k\u00e1t adj\u00e1k.<\/p>\n<p><a href=\"https:\/\/google.com\/preferences\/source?q=https%3A\/\/www.economx.hu\" rel=\"noopener nofollow\" class=\"!flex !items-center !gap-5 !py-2 !px-3 w-full !rounded-xl !font-bold cursor-pointer !no-underline relative !bg-white !text-[#202124] !border !border-[#858585] dark:!bg-[#323232] dark:!text-white dark:border-none mb-4 \" target=\"_blank\"><br \/>\n  <img decoding=\"async\" src=\"https:\/\/www.economx.hu\/neon\/static\/images\/favicons\/google_favicon.svg\" alt=\"Google\" class=\"shrink-0 w-7 h-7\"\/><br \/>\n  \u00c1ll\u00edtsd be, hogy az Economx az els\u0151k k\u00f6z\u00f6tt legyen a Google-tal\u00e1latokban!<\/p>\n<p><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"Az arany az elm\u00falt h\u00e1rom \u00e9v egyik legjobban teljes\u00edt\u0151 befektet\u00e9se volt. A jegybankok, alapkezel\u0151k \u00e9s lakoss\u00e1gi befektet\u0151k v\u00e1s\u00e1rl\u00e1sai&hellip;\n","protected":false},"author":2,"featured_media":150668,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[12],"tags":[31248,45800,44,42,40,43,41,121,120,125,122,124,123],"class_list":["post-150667","post","type-post","status-publish","format-standard","has-post-thumbnail","category-tudomany-es-technologia","tag-aranypiac","tag-areses","tag-hu","tag-hungarian","tag-hungary","tag-magyar","tag-magyarorszag","tag-science","tag-science-technology","tag-technologia","tag-technology","tag-tudomany","tag-tudomany-es-technologia"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@hu\/116811167510180877","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/posts\/150667","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/comments?post=150667"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/posts\/150667\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/media\/150668"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/media?parent=150667"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/categories?post=150667"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/hu\/wp-json\/wp\/v2\/tags?post=150667"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}