{"id":34924,"date":"2026-04-02T21:42:09","date_gmt":"2026-04-02T21:42:09","guid":{"rendered":"https:\/\/www.europesays.com\/sk\/34924\/"},"modified":"2026-04-02T21:42:09","modified_gmt":"2026-04-02T21:42:09","slug":"zlato-uz-nestaci-ake-kovy-sleduju-experti","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/sk\/34924\/","title":{"rendered":"Zlato u\u017e nesta\u010d\u00ed: Ak\u00e9 kovy sleduj\u00fa experti?"},"content":{"rendered":"<p>\u010cL\u00c1NOK POKRA\u010cUJE POD REKLAMOU<\/p>\n<p data-start=\"110\" data-end=\"550\">V \u010dase ekonomickej neistoty sa investori tradi\u010dne obracaj\u00fa k zlatu a striebru. Tieto kovy si po\u010das desa\u0165ro\u010d\u00ed vybudovali reput\u00e1ciu takzvan\u00fdch bezpe\u010dn\u00fdch pr\u00edstavov, ktor\u00e9 dok\u00e1\u017eu uchova\u0165 hodnotu majetku po\u010das infl\u00e1cie, finan\u010dn\u00fdch kr\u00edz \u010di geopolitick\u00e9ho nap\u00e4tia. Ich v\u00fdznam potvrdzuj\u00fa aj historick\u00e9 sk\u00fasenosti \u2013 zlato pre\u017eilo menov\u00e9 reformy, ekonomick\u00e9 otrasy aj vojnov\u00e9 konflikty a dodnes zohr\u00e1va stabiliza\u010dn\u00fa \u00falohu v investi\u010dn\u00fdch portf\u00f3li\u00e1ch.<\/p>\n<p data-start=\"552\" data-end=\"623\">S\u00fa\u010dasn\u00e1 realita je v\u0161ak ove\u013ea komplexnej\u0161ia, ako sa m\u00f4\u017ee na prv\u00fd poh\u013ead zda\u0165.<\/p>\n<p>Ke\u010f zlato a striebro u\u017e nesta\u010dia<\/p>\n<p data-start=\"625\" data-end=\"1022\">Aj <a href=\"https:\/\/www.startitup.sk\/prekona-hodnota-zlata-hranicu-8500-dolarov-odbornik-varuje-ze-je-to-katastroficky-scenar\/\" target=\"_blank\" rel=\"noopener nofollow\">zlato<\/a>, napriek svojej povesti, vykazuje v posledn\u00fdch rokoch vy\u0161\u0161iu mieru volatility. Jeho cena citlivo reaguje na rozhodnutia centr\u00e1lnych b\u00e1nk, v\u00fdvoj \u00farokov\u00fdch sadzieb, infl\u00e1ciu aj geopolitick\u00e9 udalosti. V obdobiach neistoty s\u00edce rastie, no rovnako r\u00fdchlo m\u00f4\u017ee prejs\u0165 do f\u00e1zy stagn\u00e1cie alebo korekcie. Striebro navy\u0161e v\u00fdrazne ovplyv\u0148uje priemyseln\u00fd dopyt, \u010do jeho v\u00fdvoj rob\u00ed e\u0161te dynamickej\u0161\u00edm.<\/p>\n<p data-start=\"1024\" data-end=\"1096\">Pr\u00e1ve preto sa do popredia dost\u00e1va \u0161ir\u0161\u00ed poh\u013ead na komoditn\u00e9 invest\u00edcie.<\/p>\n<p data-start=\"1098\" data-end=\"1523\">Popri zlate a striebre existuje cel\u00fd rad kovov, ktor\u00e9 zohr\u00e1vaj\u00fa k\u013e\u00fa\u010dov\u00fa \u00falohu v modernom hospod\u00e1rstve \u2013 od energetiky cez technologick\u00fd sektor a\u017e po automobilov\u00fd priemysel. Niektor\u00e9 z nich funguj\u00fa ako stabiliza\u010dn\u00fd prvok, in\u00e9 pon\u00fakaj\u00fa rastov\u00fd potenci\u00e1l, ktor\u00fd tradi\u010dn\u00e9 drah\u00e9 kovy nedok\u00e1\u017eu zabezpe\u010di\u0165. Investori, ktor\u00ed uva\u017euj\u00fa strategicky, preto \u010doraz \u010dastej\u0161ie diverzifikuj\u00fa a zara\u010fuj\u00fa do portf\u00f3lia aj menej tradi\u010dn\u00e9 komodity.<\/p>\n<p data-start=\"77\" data-end=\"269\">Aj preto je d\u00f4le\u017eit\u00e9 pochopi\u0165, ktor\u00e9 \u010fal\u0161ie kovy bud\u00fa v najbli\u017e\u0161\u00edch rokoch ur\u010dova\u0165 smer komoditn\u00fdch trhov.<\/p>\n<p>Me\u010f: Nen\u00e1padn\u00fd kov, na ktorom stoj\u00ed modern\u00e1 ekonomika<\/p>\n<p data-start=\"209\" data-end=\"705\">Me\u010f patr\u00ed medzi kovy, ktor\u00e9 si v\u00e4\u010d\u0161ina investorov na prv\u00fd poh\u013ead nesp\u00e1ja s investovan\u00edm, no v skuto\u010dnosti ide o jeden z najd\u00f4le\u017eitej\u0161\u00edch pilierov modernej ekonomiky. Jej v\u00fdznam nespo\u010d\u00edva v \u201ebezpe\u010dnom pr\u00edstave\u201c ako pri zlate, ale v re\u00e1lnom a rast\u00facom dopyte. Me\u010f tvor\u00ed z\u00e1klad elektrifik\u00e1cie \u2013 nach\u00e1dza sa v elektrick\u00fdch rozvodoch, obnovite\u013en\u00fdch zdrojoch energie, elektromobiloch aj d\u00e1tov\u00fdch centr\u00e1ch. Prakticky ka\u017ed\u00e1 technol\u00f3gia, ktor\u00e1 s\u00favis\u00ed s prechodom na udr\u017eate\u013en\u00fa energiu, je od medi z\u00e1visl\u00e1.<\/p>\n<p data-start=\"707\" data-end=\"1213\">Tento dopyt sa v\u00fdrazne premietol aj do v\u00fdvoja jej ceny. Zatia\u013e \u010do pribli\u017ene pred desiatimi rokmi sa me\u010f obchodovala na \u00farovni okolo 4 500 a\u017e 5 000 dol\u00e1rov za tonu, za\u010diatkom roka 2026 sa jej cena pohybuje pribli\u017ene medzi 12 000 a\u017e 13 000 dol\u00e1rmi za tonu. To predstavuje n\u00e1rast o viac ako 150 % za posledn\u00fa dek\u00e1du. V priebehu roka 2026 dokonca kr\u00e1tkodobo prekro\u010dila hranicu 14 000 dol\u00e1rov za tonu, \u010d\u00edm dosiahla historick\u00e9 maxim\u00e1. O n\u00e1raste hodnoty informuje port\u00e1l <a href=\"https:\/\/www.iea.org\/commentaries\/copper-prices-have-hit-record-highs-but-smelters-face-mounting-strategic-pressures?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">IEA<\/a>.<\/p>\n<p data-start=\"1215\" data-end=\"1569\">Za t\u00fdmto rastom stoj\u00ed kombin\u00e1cia faktorov \u2013 siln\u00fd dopyt zo strany energetiky, elektromobility a infra\u0161trukt\u00fary, ale aj obmedzen\u00e1 ponuka. Otv\u00e1ranie nov\u00fdch ban\u00ed je \u010dasovo aj finan\u010dne n\u00e1ro\u010dn\u00e9 a trv\u00e1 \u010dasto viac ne\u017e desa\u0165 rokov. Analytici preto \u010doraz \u010dastej\u0161ie hovoria o dlhodobom deficite medi, ktor\u00fd m\u00f4\u017ee ceny udr\u017eiava\u0165 na vy\u0161\u0161\u00edch \u00farovniach aj v bud\u00facnosti.<\/p>\n<p data-start=\"1571\" data-end=\"1919\">Z investi\u010dn\u00e9ho poh\u013eadu tak me\u010f predstavuje strategick\u00fd kov bud\u00facnosti. Nie je s\u00edce im\u00fanna vo\u010di ekonomick\u00fdm cyklom \u2013 v \u010dase spomalenia priemyslu m\u00f4\u017ee jej cena kr\u00e1tkodobo kol\u00edsa\u0165 \u2013 no jej dlhodob\u00fd potenci\u00e1l zost\u00e1va siln\u00fd. S rast\u00facou digitaliz\u00e1ciou, rozvojom umelej inteligencie a elektrifik\u00e1ciou dopravy sa o\u010dak\u00e1va, \u017ee jej v\u00fdznam bude \u010falej narasta\u0165.<\/p>\n<p data-start=\"1921\" data-end=\"2031\">Me\u010f tak nefunguje ako ochrana pred kr\u00edzou, ale ako indik\u00e1tor rastu. A pr\u00e1ve v tom spo\u010d\u00edva jej investi\u010dn\u00e1 sila.<\/p>\n<p>\u201eObnovi\u0165 banisko medi trv\u00e1 vy\u0161e 10 rokov\u201c<\/p>\n<p>Ondrej Gregu\u0161, analytik XTB hodnot\u00ed situ\u00e1ciu najm\u00e4 optikou bud\u00facnosti: \u201eMe\u010f vst\u00fapila do roka 2026 s rekordn\u00fdmi cenami, no obraz za t\u00fdmito \u010d\u00edslami je komplexnej\u0161\u00ed, ako sa na prv\u00fd poh\u013ead zd\u00e1. Janu\u00e1rov\u00e9 maximum tesne nad 14 500 dol\u00e1rov za tonu nebolo prim\u00e1rne v\u00fdsledkom fyzick\u00e9ho nedostatku. V\u00fdraznou mierou sa na \u0148om podie\u013ealo \u0161pekulat\u00edvne nakupovanie a prevent\u00edvne navy\u0161ovanie americk\u00fdch z\u00e1sob pred o\u010dak\u00e1van\u00fdmi clami na rafinovan\u00fa me\u010f. Celkov\u00e9 z\u00e1soby na svetov\u00fdch burz\u00e1ch pritom dosiahli \u00farovne nev\u00eddan\u00e9 od roku 2003.<\/p>\n<p> In\u00fd obraz v\u0161ak pon\u00faka strana \u0165a\u017eby. V\u00fdpadky v k\u013e\u00fa\u010dov\u00fdch baniach a chronicky poddimenzovan\u00e9 invest\u00edcie do nov\u00fdch kapac\u00edt vytv\u00e1raj\u00fa \u0161truktur\u00e1lny deficit, ktor\u00fd sa bude prehlbova\u0165. Otvori\u0165 nov\u00e9 banisko trv\u00e1 v priemere vy\u0161e desa\u0165 rokov. Ponuka jednoducho nem\u00f4\u017ee reagova\u0165 r\u00fdchlo. Kr\u00e1tkodob\u00e1 korekcia po vyprchan\u00ed clovej \u0161pekul\u00e1cie je re\u00e1lna. Dlhodob\u00fd v\u00fdh\u013ead v\u0161ak zost\u00e1va pevn\u00fd. Elektrifik\u00e1cia siet\u00ed, d\u00e1tov\u00e9 centr\u00e1 aj elektromobilita bud\u00fa dopyt tla\u010di\u0165 nahor bez oh\u013eadu na aktu\u00e1lne cenov\u00e9 v\u00fdkyvy.\u201c<\/p>\n<p>Pal\u00e1dium: Hviezda, ktor\u00e1 r\u00fdchlo zhasla<\/p>\n<p data-start=\"205\" data-end=\"687\">Pal\u00e1dium patr\u00ed medzi menej zn\u00e1me kovy, no v posledn\u00fdch rokoch za\u017eilo jeden z najv\u00fdraznej\u0161\u00edch cenov\u00fdch pr\u00edbehov na komoditn\u00fdch trhoch. Na rozdiel od zlata \u010di medi jeho hodnota nestoj\u00ed na diverzifik\u00e1cii alebo infra\u0161trukt\u00fare, ale na ve\u013emi konkr\u00e9tnom vyu\u017eit\u00ed \u2013 predov\u0161etk\u00fdm v automobilovom priemysle. Pal\u00e1dium sa pou\u017e\u00edva v katalyz\u00e1toroch spa\u013eovac\u00edch motorov, kde pom\u00e1ha zni\u017eova\u0165 emisie \u0161kodliv\u00fdch l\u00e1tok. Pr\u00e1ve spr\u00eds\u0148ovanie emisn\u00fdch noriem v minulom desa\u0165ro\u010d\u00ed v\u00fdrazne zv\u00fd\u0161ilo jeho dopyt.<\/p>\n<p>\t\t\t\tV \u010dl\u00e1nku sa po odomknut\u00ed dozvie\u0161<\/p>\n<p>Ako hodnot\u00ed investi\u010dn\u00fd potenci\u00e1l pal\u00e1dia analytik?<br \/>\nPre\u010do situ\u00e1cia na trhu s automobilmi ovplyv\u0148uje cenu drah\u00fdch kovov?<br \/>\nKtor\u00e9 priemyseln\u00e9 segmenty z\u00e1visia od vz\u00e1cnych kovov?<br \/>\nKtor\u00fd drah\u00fd kov preukazuje vy\u0161\u0161iu volatilitu ako tie najmenej stabiln\u00e9 akcie?<\/p>\n<p class=\"siu-paywall-locked-content-info__additional-title\">Po odomknut\u00ed tie\u017e z\u00edska\u0161<\/p>\n<p>\t\t\t\t\t\t\u010cl\u00e1nky bez rekl\u00e1m<br \/>\n\t\t\t\t\t\tNeobmedzen\u00fd pr\u00edstup k viac ako 75\u00a0000 \u010dl\u00e1nkom<br \/>\n\t\t\t\t\t\tExkluz\u00edvne benefity<\/p>\n<p>\n\t\t\t\t\t\u010c\u00edtaj viac z kateg\u00f3rie: <a href=\"https:\/\/www.startitup.sk\/kategoria\/biznis-startupy\/financie\/\" rel=\"nofollow noopener\" target=\"_blank\">Financie a kryptomeny<\/a>\n\t\t\t\t<\/p>\n<p>\t\t\t Zdroje: <a href=\"https:\/\/www.iea.org\/commentaries\/copper-prices-have-hit-record-highs-but-smelters-face-mounting-strategic-pressures?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">IEA<\/a>, <a href=\"https:\/\/www.bloomberg.com\/markets\/commodities\/futures\/metals\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Bloomberg<\/a>, <a href=\"https:\/\/tradingeconomics.com\/commodity\/palladium?utm_source=chatgpt.com\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Trading\u00a0Economics<\/a>, <a href=\"https:\/\/platinuminvestment.com\/\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">Platinum\u00a0Investment<\/a>, <a href=\"https:\/\/www.iea.org\/reports\/lithium-2\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">International\u00a0Energy\u00a0Agency<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"\u010cL\u00c1NOK POKRA\u010cUJE POD REKLAMOU V \u010dase ekonomickej neistoty sa investori tradi\u010dne obracaj\u00fa k zlatu a striebru. Tieto kovy&hellip;\n","protected":false},"author":2,"featured_media":34925,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,15577,65,66,1438,15578,2619,10208,43,40,39,42,41,15579],"class_list":{"0":"post-34924","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ekonomika","8":"tag-business","9":"tag-drahe-kovy","10":"tag-economic","11":"tag-ekonomika","12":"tag-investicie","13":"tag-investicna-skupina","14":"tag-komodity","15":"tag-kovy","16":"tag-sk","17":"tag-slovak","18":"tag-slovakia","19":"tag-slovencina","20":"tag-slovensko","21":"tag-strategicke-investicie"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@sk\/116337294958863477","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/posts\/34924","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/comments?post=34924"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/posts\/34924\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/media\/34925"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/media?parent=34924"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/categories?post=34924"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/sk\/wp-json\/wp\/v2\/tags?post=34924"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}