{"id":3291,"date":"2026-07-13T11:12:57","date_gmt":"2026-07-13T09:12:57","guid":{"rendered":"https:\/\/goldmansons.ee\/?p=3291"},"modified":"2026-07-13T11:12:57","modified_gmt":"2026-07-13T09:12:57","slug":"vaarismetallide-nadal-fed-ja-hormuz-suruvad-kulda","status":"publish","type":"post","link":"https:\/\/goldmansons.ee\/fi\/vaarismetallide-nadal-fed-ja-hormuz-suruvad-kulda\/","title":{"rendered":"V\u00e4\u00e4rismetallide n\u00e4dal: Fed ja Hormuz suruvad kulda"},"content":{"rendered":"<p>V\u00e4\u00e4rismetallide turg elas l\u00e4bi n\u00e4rvilise n\u00e4dala. Kuld heitles 4100 dollari (untsi kohta) \u00fcmber, kui karm F\u00f6deraalreserv ja tugev dollar hoidsid hinda surve all, samal ajal kui Hormuzi v\u00e4ina \u00fcmber lahvatanud pinged andsid ajutise turvasadama-t\u00f5uke. Allpool n\u00e4dala olulisemad s\u00fcndmused ja see, mida need Eesti investorile t\u00e4hendavad.<\/p>\n<h2>N\u00e4dala p\u00f5his\u00fcndmused<\/h2>\n<ul>\n<li><strong>Fedi protokoll kinnitas \u201ek\u00f5rgem kauem\u201c hoiakut.<\/strong> F\u00f6deraalreservi istungi protokoll n\u00e4itas, et rahapoliitikud on endiselt keskendunud visalt p\u00fcsivale inflatsioonile ning turg hindas intressiootused \u00fcmber k\u00f5rgemale rajale. See surus kulla 8. juulil 4074,70 dollarini (\u22120,73%) ja h\u00f5beda 58,13 dollarini (\u22122,85%); USA 10-aastase v\u00f5lakirja tootlus t\u00f5usis 4,58% l\u00e4hedale, mis v\u00e4hendab intressita vara nagu kuld atraktiivsust. <a href=\"https:\/\/www.kitco.com\/news\/article\/2026-07-08\/gold-slides-fed-minutes-hormuz-oil-spike-lift-yields-kitco-pm-report\">Kitco, 8. juuli 2026<\/a>.<\/li>\n<li><strong>Hormuzi pinged t\u00f5stsid naftat ja andsid kullale turvasadama-t\u00f5uke.<\/strong> USA s\u00fc\u00fcdistas Iraani kolme kaubalaeva r\u00fcndamises Hormuzi v\u00e4inas ning teatas uutest l\u00f6\u00f6kidest; toornafta h\u00fcppas j\u00e4rsult (WTI +6,45% tasemele 74,93 $, Brent +6,18% tasemele 78,73 $). Geopoliitiline risk toetab tavaliselt kulda, kuid seekord piiras t\u00f5usu samaaegselt kerkinud v\u00f5lakirjatootlus ja tugevnenud dollar. <a href=\"https:\/\/www.kitco.com\/news\/article\/2026-07-08\/gold-slides-fed-minutes-hormuz-oil-spike-lift-yields-kitco-pm-report\">Kitco, 8. juuli 2026<\/a>.<\/li>\n<li><strong>HSBC langetas kulla hinnaprognoosi.<\/strong> Pank alandas 2026. aasta keskmise prognoosi 4864 dollarilt 4560 dollarini ja 2027. aasta oma 5000 dollarilt 4925 dollarini, p\u00f5hjuseks USA rahapoliitika karmim toon ja tugevam dollar. Kuld kaubeldi teate ajal umbes 4100 dollari juures \u2014 enam kui 20% allpool 29. jaanuari rekordit 5594,82 $. <a href=\"https:\/\/www.kitco.com\/news\/off-the-wire\/2026-07-09\/hsbc-lowers-2026-27-gold-price-forecasts-hawkish-fed-tilt\">Kitco, 9. juuli 2026<\/a>.<\/li>\n<li><strong>Kulla-ETFidest voolas juunis raha v\u00e4lja.<\/strong> Maailma Kullan\u00f5ukogu andmeil lahkus juunis kulla-ETFidest 74,3 tonni kulda (ligi 9 mld dollarit); P\u00f5hja-Ameerika fondid kaotasid 5,5 mld dollarit ja poolaasta kokkuv\u00f5ttes oli tegu n\u00f5rgima esimese poolaastaga alates 2013. aastast. \u00dclemaailmne vara langes 4121 tonnini. Peamine ajend oli hinnalangus ja ootus, et intressid p\u00fcsivad kauem k\u00f5rgel. <a href=\"https:\/\/www.kitco.com\/news\/article\/2026-07-08\/investors-flee-gold-etfs-june-hawkish-fed-expectations-drive-liquidation\">Kitco, 8. juuli 2026<\/a>.<\/li>\n<li><strong>N\u00e4dala l\u00f5pus tuli v\u00e4ike taastumine.<\/strong> 9. juulil p\u00f5rkas kuld tagasi \u00fcle 4100 dollari, kuigi Fedi protokoll ja Hormuzi risk hoidsid v\u00f5lakirjatootlused k\u00f5rgel. N\u00e4dala pilt j\u00e4i seega kahesuunaliseks: makrosurve allapoole, geopoliitika \u00fclespoole. <a href=\"https:\/\/www.kitco.com\/news\/article\/2026-07-09\/gold-rebounds-above-4100-fed-minutes-hormuz-risk-keep-yields-firm-kitco-am\">Kitco, 9. juuli 2026<\/a>.<\/li>\n<\/ul>\n<h2>H\u00e4\u00e4lestus turul<\/h2>\n<p>Vaatlusnimekirjast: Peter Schiff hoiatas 8. juulil ilmunud kommentaaris, et investorid lasevad end Fedi retoorikast eksitada, ning tema hinnangul \u201einflatsioon on valik\u201c, mille keskpank l\u00f5puks teeb. Schiff j\u00e4\u00e4b metallide suhtes t\u00f5usumeelseks \u2014 tema k\u00f5rged sihthinnad on siiski tema isiklik vaade, mitte prognoos, mida tuleks faktina v\u00f5tta. <a href=\"https:\/\/www.benzinga.com\/markets\/commodities\/26\/07\/60326216\/peter-schiff-says-fed-distraction-masks-precious-metals-buying-window-seasonality-agrees\">Benzinga, 8. juuli 2026<\/a>.<\/p>\n<h2>N\u00e4dala hind ja mida see Eesti investorile t\u00e4hendab<\/h2>\n<p>Dollarip\u00f5hine kulla n\u00f5rkus j\u00f5uab ka Eesti letihinda, ehkki euro ja dollari kurss pehmendab liikumist. Meie hinnakirjas maksab 1-untsine kuldm\u00fcnt praegu umbes 3720\u20133780 \u20ac: n\u00e4iteks <a href=\"https:\/\/goldmansons.ee\/?p=2337\">1 oz Austria Philharmoniker kuldm\u00fcnt<\/a> ~3725 \u20ac, <a href=\"https:\/\/goldmansons.ee\/?p=2351\">1 oz Suurbritannia Britannia kuldm\u00fcnt<\/a> ~3718 \u20ac ja <a href=\"https:\/\/goldmansons.ee\/?p=2347\">1 oz Kanada Maple Leaf kuldm\u00fcnt<\/a> ~3780 \u20ac. H\u00f5be on olnud k\u00f5ikuvam kui kuld \u2014 1-untsine <a href=\"https:\/\/goldmansons.ee\/?p=2852\">Austria Philharmoniker h\u00f5bem\u00fcnt<\/a> maksab meil umbes 73 \u20ac.<\/p>\n<p>Praktikas t\u00e4hendab selline n\u00e4dal seda, et l\u00fchiajaline hind s\u00f5ltub eelk\u00f5ige Fedi toonist ja geopoliitikast, mist\u00f5ttu suunda on raske ennustada. F\u00fc\u00fcsilise metalli ostja jaoks on olulisem pikaajaline vaade ja ostuhetke preemia kui \u00fcksik p\u00e4evane k\u00f5ikumine. Kui kaalud ostu, tasub j\u00e4lgida spot-hinda ja hajutada ostud ajas, mitte \u00fcritada tabada \u201ep\u00f5hja\u201c.<\/p>\n<p><em>K\u00e4esolev artikkel on \u00fcksnes informatiivne ega kujuta endast investeerimisn\u00f5uannet ega \u00fcleskutset osta v\u00f5i m\u00fc\u00fca v\u00e4\u00e4rismetalle. V\u00e4\u00e4rismetallide hind k\u00f5igub. Enne investeerimisotsust kaalu oma olukorda ja vajadusel konsulteeri spetsialistiga.<\/em><\/p>\n<p>Goldman &amp; Sons toimetus<\/p>\n<figure class=\"gms-chart\"><img loading=\"lazy\" width=\"1024\" height=\"512\" src=\"https:\/\/goldmansons.ee\/wp-content\/uploads\/2026\/07\/gms-chart-3291-20260713-1024x512.webp\" class=\"attachment-large size-large not-transparent lazyload\" alt=\"Kullahinna graafik, viimased 30 p\u00e4eva (spot, EUR)\" decoding=\"async\" srcset=\"data:image\/svg+xml,%3Csvg%20xmlns%3D%27http%3A%2F%2Fwww.w3.org%2F2000%2Fsvg%27%20width%3D%272400%27%20height%3D%271200%27%20viewBox%3D%270%200%202400%201200%27%3E%3Crect%20width%3D%272400%27%20height%3D%271200%27%20fill-opacity%3D%220%22%2F%3E%3C%2Fsvg%3E\" data-has-transparency=\"false\" data-dominant-color=\"f7f4e8\" style=\"--dominant-color: #f7f4e8;\" data-orig-src=\"https:\/\/goldmansons.ee\/wp-content\/uploads\/2026\/07\/gms-chart-3291-20260713-1024x512.webp\" data-srcset=\"https:\/\/goldmansons.ee\/wp-content\/uploads\/2026\/07\/gms-chart-3291-20260713-200x100.webp 200w, https:\/\/goldmansons.ee\/wp-content\/uploads\/2026\/07\/gms-chart-3291-20260713-300x150.webp 300w, https:\/\/goldmansons.ee\/wp-content\/uploads\/2026\/07\/gms-chart-3291-20260713-400x200.webp 400w, https:\/\/goldmansons.ee\/wp-content\/uploads\/2026\/07\/gms-chart-3291-20260713-500x250.webp 500w, https:\/\/goldmansons.ee\/wp-content\/uploads\/2026\/07\/gms-chart-3291-20260713-600x300.webp 600w, https:\/\/goldmansons.ee\/wp-content\/uploads\/2026\/07\/gms-chart-3291-20260713-700x350.webp 700w, https:\/\/goldmansons.ee\/wp-content\/uploads\/2026\/07\/gms-chart-3291-20260713-768x384.webp 768w, https:\/\/goldmansons.ee\/wp-content\/uploads\/2026\/07\/gms-chart-3291-20260713-800x400.webp 800w, https:\/\/goldmansons.ee\/wp-content\/uploads\/2026\/07\/gms-chart-3291-20260713-1024x512.webp 1024w, https:\/\/goldmansons.ee\/wp-content\/uploads\/2026\/07\/gms-chart-3291-20260713-1200x600.webp 1200w, https:\/\/goldmansons.ee\/wp-content\/uploads\/2026\/07\/gms-chart-3291-20260713-1536x768.webp 1536w\" data-sizes=\"auto\" \/><figcaption>Kullahind (spot, EUR\/unts), viimased 30 kauplemisp\u00e4eva. Allikas: turg (Yahoo Finance).<\/figcaption><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Kuld heitleb 4100 dollari l\u00e4hedal: kulla-ETFidest voolab raha v\u00e4lja, Fed hoiab tooni karmina ja Hormuzi pinged t\u00f5stavad naftat. HSBC langetas prognoosi.<\/p>\n","protected":false},"author":0,"featured_media":3292,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[129],"tags":[],"class_list":["post-3291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-turu-uudised"],"_links":{"self":[{"href":"https:\/\/goldmansons.ee\/fi\/wp-json\/wp\/v2\/posts\/3291","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goldmansons.ee\/fi\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goldmansons.ee\/fi\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/goldmansons.ee\/fi\/wp-json\/wp\/v2\/comments?post=3291"}],"version-history":[{"count":1,"href":"https:\/\/goldmansons.ee\/fi\/wp-json\/wp\/v2\/posts\/3291\/revisions"}],"predecessor-version":[{"id":3294,"href":"https:\/\/goldmansons.ee\/fi\/wp-json\/wp\/v2\/posts\/3291\/revisions\/3294"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/goldmansons.ee\/fi\/wp-json\/wp\/v2\/media\/3292"}],"wp:attachment":[{"href":"https:\/\/goldmansons.ee\/fi\/wp-json\/wp\/v2\/media?parent=3291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goldmansons.ee\/fi\/wp-json\/wp\/v2\/categories?post=3291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goldmansons.ee\/fi\/wp-json\/wp\/v2\/tags?post=3291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}