V\u00a0pond\u011bl\u00ed se cena zlata p\u0159ehoupla p\u0159es magick\u00fdch 2\u00a0000 dolar\u016f za unci. Stoj\u00ed za t\u00edm hrozba finan\u010dn\u00ed krize vyvolan\u00e1 krachem t\u0159\u00ed americk\u00fdch bank v\u010detn\u011b Sillicon Valley s\u00a0kapitalizac\u00ed p\u0159es 200 miliard dolar\u016f i nejist\u00e1 situace druh\u00e9 nejv\u011bt\u0161\u00ed \u0161v\u00fdcarsk\u00e9 banky Credit Suisse. <\/b><\/p>\n
Tv\u00e1\u0159\u00ed v\u00a0tv\u00e1\u0159 hroz\u00edc\u00ed krizi a nejistot\u011b se investo\u0159i po cel\u00e9m sv\u011bt\u011b za\u010dali uchylovat pr\u00e1v\u011b k\u00a0bezpe\u010dn\u00e9 investici v\u00a0podob\u011b zlata. Jeho hodnota by nicm\u00e9n\u011b mohla v\u00a0dohledn\u00e9 dob\u011b zase klesnout \u2013 roli v\u00a0tom m\u016f\u017ee hr\u00e1t jak avizovan\u00fd odkup Credit Suisse konkuren\u010dn\u00ed spole\u010dnost\u00ed UBS, tak skute\u010dnost, \u017ee bude americk\u00e1 centr\u00e1ln\u00ed banka pokra\u010dovat v\u00a0navy\u0161ov\u00e1n\u00ed \u00farokov\u00fdch sazeb.<\/p>\n
Krach \u0161estn\u00e1ct\u00e9 nejv\u011bt\u0161\u00ed americk\u00e9 banky Sillicon Valley Bank spustil hrozbu glob\u00e1ln\u00ed krize. Aby toho nebylo m\u00e1lo, na konci minul\u00e9ho t\u00fddne probleskla zpr\u00e1va, \u017ee m\u00e1 pot\u00ed\u017ee tak\u00e9 kalifornsk\u00e1 banka First Republic Bank.<\/p>\n
Z\u00e1chrann\u00e9 lano ve v\u00fd\u0161i 30 miliard dolar\u016f j\u00ed v\u0161ak okam\u017eit\u011b poskytlo jeden\u00e1ct velk\u00fdch americk\u00fdch bank, mezi n\u011b\u017e pat\u0159\u00ed nap\u0159\u00edklad JP Morgan Chase, Bank of America \u010di Citigroup. Z\u00a0historie ji\u017e v\u00edme, \u017ee se krize v\u00a0dne\u0161n\u00edm globalizovan\u00e9m sv\u011bt\u011b \u0161\u00ed\u0159\u00ed velmi rychle \u2013 sta\u010d\u00ed si vzpomenout na rok 2008, p\u00e1d spole\u010dnosti Lehman Brothers a vznik recese, kter\u00e1 se jako tsunami okam\u017eit\u011b p\u0159elila do cel\u00e9ho sv\u011bta.<\/p>\n
Aktu\u00e1ln\u00ed bankovn\u00ed krize se tak postupn\u011b za\u010dala dost\u00e1vat i do Evropy. Jako prvn\u00ed j\u00ed byla zasa\u017eena ji\u017e tak probl\u00e9my nas\u00e1kl\u00e1 \u0161v\u00fdcarsk\u00e1 banka Credit Suisse, kter\u00e1 pat\u0159\u00ed mezi nejv\u00fdznamn\u011bj\u0161\u00ed instituce tohoto druhu na sv\u011bt\u011b. Trhy v\u00a0pond\u011bl\u00ed zareagovaly negativn\u011b a akcie evropsk\u00fdch bank za\u010daly padat do \u010derven\u00fdch \u010d\u00edsel.<\/p>\n
V\u00a0t\u00e9to situaci se op\u011bt potvrdila funkce zlata jako\u017eto uchovatele hodnoty v\u00a0nejist\u00e9 dob\u011b. V\u00a0pond\u011bl\u00ed vystoupala na ro\u010dn\u00ed maximum a p\u0159ehoupla se p\u0159es magickou hranici 2\u00a0000 dolar\u016f za unci (cca 2\u00a0013 dolar\u016f, co\u017e je n\u011bco p\u0159es 45 tis\u00edc korun). Je\u0161t\u011b 8. b\u0159ezna se p\u0159itom cena zlata pohybovala na \u00farovni 1\u00a0811 dolar\u016f za unci, v\u00a0p\u0159epo\u010dtu tedy asi 40\u00a0500 korun. B\u011bhem necel\u00fdch dvou t\u00fddn\u016f tak vzrostla zhruba o jeden\u00e1ct procent. Cen\u011b zlata na tuzemsk\u00fdch trz\u00edch nicm\u00e9n\u011b nahr\u00e1v\u00e1 i slab\u0161\u00ed koruna.<\/p>\n
N\u00e1sleduj\u00edc\u00ed v\u00fdvoj trhu a s\u00a0n\u00edm samoz\u0159ejm\u011b i ceny zlata bude z\u00e1visl\u00fd hned na n\u011bkolika faktorech. Z\u00e1sadn\u00ed bude v\u00fdvoj na bankovn\u00edm poli. Pokud by nedo\u0161lo k\u00a0uklidn\u011bn\u00ed a situace se nad\u00e1le zhor\u0161ovala, je pravd\u011bpodobn\u00e9, \u017ee bude hodnota zlata nad\u00e1le stoupat a m\u016f\u017ee doj\u00edt i k\u00a0poko\u0159en\u00ed dal\u0161\u00edch rekord\u016f. Banky nyn\u00ed za\u017e\u00edvaj\u00ed tlak na odliv finan\u010dn\u00edch prost\u0159edk\u016f a je ot\u00e1zkou, zda jej vydr\u017e\u00ed. Sc\u00e9n\u00e1\u0159i stabilizace nahr\u00e1v\u00e1 zpr\u00e1va z\u00a0ned\u011bln\u00edho ve\u010dera o tom, \u017ee Credit Suisse p\u0159evzala dal\u0161\u00ed \u0161v\u00fdcarsk\u00e1 banka, UBS.<\/p>\n
Dal\u0161\u00edm v\u00fdznamn\u00fdm faktorem je v\u00fdvoj na poli \u00farokov\u00fdch sazeb. Ji\u017e v\u00a0minul\u00e9m t\u00fddnu zvedla nap\u0159\u00edklad ECB svou z\u00e1kladn\u00ed \u00farokovou sazbu o dal\u0161\u00edch 0,5 % na 3,5 % a uk\u00e1zala tak jasn\u00fd c\u00edl zkrotit inflaci. V\u00fdznamnou roli tento t\u00fdden sehraje zased\u00e1n\u00ed americk\u00e9 centr\u00e1ln\u00ed banky, kter\u00e1 by m\u011bla rozhodnout o dal\u0161\u00edm sm\u011b\u0159ov\u00e1n\u00ed sv\u00e9 m\u011bnov\u00e9 politiky. \u0160\u00e9f FEDu Jerome Powell p\u0159ed ned\u00e1vnem pronesl, \u017ee by se \u00farokov\u00e1 sazba mohla zv\u00fd\u0161it o cel\u00e9 p\u016flprocento nam\u00edsto pouh\u00fdch 0,25 %. Pokud si centr\u00e1ln\u00ed banka tuto strategii uchov\u00e1, cena zlata pravd\u011bpodobn\u011b poklesne. Po n\u00e1stupu bankovn\u00ed krize je v\u0161ak mo\u017en\u00e9, \u017ee se p\u0159\u00edstup FEDu zm\u011bn\u00ed. Upust\u00ed-li od sv\u00e9 dosavadn\u00ed jest\u0159\u00e1b\u00ed politiky a sazby nezv\u00fd\u0161\u00ed \u010di je za \u00fa\u010delem podpory trh\u016f dokonce sn\u00ed\u017e\u00ed, m\u016f\u017ee doj\u00edt k\u00a0je\u0161t\u011b v\u00fdrazn\u011bj\u0161\u00edmu r\u016fstu ceny zlata. Takov\u00e9 chov\u00e1n\u00ed by bylo sign\u00e1lem, \u017ee rizika jsou v\u011bt\u0161\u00ed, ne\u017e se m\u016f\u017ee zd\u00e1t. V\u00a0reakci na to by se daly o\u010dek\u00e1vat prud\u0161\u00ed reakce trh\u016f a dal\u0161\u00ed r\u016fst popt\u00e1vky po bezpe\u010d\u00ed v\u00a0podob\u011b zlata. Cenu zlata pro \u010desk\u00e9 investory nicm\u00e9n\u011b ur\u010duje i stav \u010desk\u00e9 koruny, kter\u00fd je tak\u00e9 t\u0159eba sledovat.<\/p>\n
Zdroj:\u00a0 Jakub Petru\u0161ka<\/b>, analytik spole\u010dnosti Zla\u0165\u00e1ky.cz<\/b><\/p>\n","protected":false},"excerpt":{"rendered":" V\u00a0pond\u011bl\u00ed se cena zlata p\u0159ehoupla p\u0159es magick\u00fdch 2\u00a0000 dolar\u016f za unci. Stoj\u00ed za t\u00edm hrozba finan\u010dn\u00ed krize vyvolan\u00e1 krachem t\u0159\u00ed americk\u00fdch bank v\u010detn\u011b Sillicon Valley […]<\/a><\/p>\n<\/div>","protected":false},"author":1,"featured_media":1185,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-1184","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analyza"],"_links":{"self":[{"href":"https:\/\/www.czechbankingnews.cz\/index.php?rest_route=\/wp\/v2\/posts\/1184","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.czechbankingnews.cz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.czechbankingnews.cz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.czechbankingnews.cz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.czechbankingnews.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1184"}],"version-history":[{"count":1,"href":"https:\/\/www.czechbankingnews.cz\/index.php?rest_route=\/wp\/v2\/posts\/1184\/revisions"}],"predecessor-version":[{"id":1186,"href":"https:\/\/www.czechbankingnews.cz\/index.php?rest_route=\/wp\/v2\/posts\/1184\/revisions\/1186"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.czechbankingnews.cz\/index.php?rest_route=\/wp\/v2\/media\/1185"}],"wp:attachment":[{"href":"https:\/\/www.czechbankingnews.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1184"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.czechbankingnews.cz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1184"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.czechbankingnews.cz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1184"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}