Pas nj\u00eb periudhe t\u00eb gjat\u00eb stabiliteti, ari \u00ebsht\u00eb rikthyer fuqish\u00ebm n\u00eb sken\u00ebn e tregjeve nd\u00ebrkomb\u00ebtare si nj\u00eb nga asetet m\u00eb t\u00eb k\u00ebrkuara. Q\u00eb nga fillimi i vitit 2025, \u00e7mimi i arit \u00ebsht\u00eb rritur me afro 50%, duke arritur nivelin historik prej mbi 3 mij\u00eb e 800 dollar\u00ebsh p\u00ebr onz dhe sipas parashikimeve t\u00eb disa prej bankave m\u00eb t\u00eb m\u00ebdha n\u00eb bot\u00eb, si J.P. Morgan, Bank of America dhe Goldman Sachs, \u00e7mimi mund t\u00eb arrij\u00eb n\u00eb m\u00eb shum\u00eb se 4 mij\u00eb dollar\u00eb deri n\u00eb vitin 2026, e ndoshta edhe 5 mij\u00eb dollar\u00eb, n\u00ebse tendencat aktuale vazhdojn\u00eb.<\/p>\n
Rritja e fort\u00eb e \u00e7mimit t\u00eb arit mb\u00ebshtetet nga tre faktor\u00eb kryesor\u00eb: politika monetare e SHBA, prirjet e bankave qendrore dhe sjellja e investitor\u00ebve institucional\u00eb.<\/p>\n
1. Ulja e normave t\u00eb interesit dhe rikthimi i inflacionit<\/p>\n
Rezerva Federale e SHBA (FED) ka rikthyer politik\u00ebn e uljes s\u00eb normave t\u00eb interesit, n\u00eb p\u00ebrpjekje p\u00ebr t\u00eb p\u00ebrballuar ngadal\u00ebsimin ekonomik dhe presionin n\u00eb tregun e pun\u00ebs. N\u00eb shtator, FED uli norm\u00ebn me 0.25 pik\u00eb p\u00ebrqindje, edhe pse inflacioni mbeti mbi objektivin prej 2%, duke arritur n\u00eb 2.9% n\u00eb gusht.<\/p>\n
Historikisht, ari \u00ebsht\u00eb rritur ndjesh\u00ebm n\u00eb periudhat kur normat bien dhe inflacioni \u00ebsht\u00eb i lart\u00eb. Bank of America raporton se q\u00eb nga viti 2001, n\u00eb situata t\u00eb ngjashme, ari ka pasur nj\u00eb rritje mesatare vjetore prej 13%. Edhe J.P. Morgan tregon se n\u00eb pothuajse \u00e7do cik\u00ebl t\u00eb fundit t\u00eb uljes s\u00eb normave nga FED, \u00e7mimi i metaleve t\u00eb \u00e7muara \u00ebsht\u00eb rritur mesatarisht me 7% n\u00eb 9 muajt pasues.<\/p>\n
2. R\u00ebnia e besimit n\u00eb dollar dhe obligacionet amerikane<\/p>\n
Nj\u00eb tjet\u00ebr faktor ky\u00e7 \u00ebsht\u00eb zhvendosja e rezervave valutore t\u00eb bankave qendrore drejt arit. Pasiguria gjeopolitike, borxhi i lart\u00eb i SHBA dhe tensionet tregtare kan\u00eb b\u00ebr\u00eb q\u00eb ari t\u00eb shihet si alternativ\u00eb m\u00eb e sigurt sesa bonot amerikane. Bankat qendrore ve\u00e7an\u00ebrisht ato t\u00eb vendeve n\u00eb zhvillim si Kina \u2013 kan\u00eb rritur ndjesh\u00ebm blerjet e arit.<\/p>\n
Vet\u00ebm n\u00eb tremujorin e dyt\u00eb t\u00eb vitit 2025, bankat qendrore blen\u00eb 166.5 ton ar, nd\u00ebrkoh\u00eb q\u00eb p\u00ebr vitin e plot\u00eb priten blerje midis 700 dhe 800 ton\u00ebve. Kina, e cila aktualisht ka vet\u00ebm 8% t\u00eb rezervave n\u00eb ar, synon ta rris\u00eb k\u00ebt\u00eb pesh\u00eb n\u00eb 20%, \u00e7ka mund t\u00eb p\u00ebrkthehet n\u00eb nj\u00eb k\u00ebrkes\u00eb t\u00eb q\u00ebndrueshme p\u00ebr vitet n\u00eb vijim.<\/p>\n
3. Rritja e interesit nga investitor\u00ebt<\/p>\n
Krahas institucioneve, investitor\u00ebt privat\u00eb dhe fondet ETF po tregojn\u00eb gjithashtu nj\u00eb interes n\u00eb rritje p\u00ebr arin. Sipas t\u00eb dh\u00ebnave t\u00eb Bloomberg, fondet ETF q\u00eb investojn\u00eb n\u00eb ar kan\u00eb arritur nj\u00eb vler\u00eb rekord prej 112.5 miliard\u00eb dollar\u00ebsh, niveli m\u00eb i lart\u00eb ndonj\u00ebher\u00eb.<\/p>\n
Tregu i arit \u00ebsht\u00eb relativisht i vog\u00ebl, vet\u00ebm 4% e t\u00eb gjith\u00eb aseteve t\u00eb investueshme globale ndaj edhe rishp\u00ebrndarje t\u00eb vogla kapitali mund t\u00eb ken\u00eb ndikim t\u00eb madh. J.P. Morgan vler\u00ebson se \u00e7do 10 miliard\u00eb dollar\u00eb t\u00eb investuara n\u00eb ar mund t\u00eb rrisin \u00e7mimin me rreth 3% n\u00eb m\u00ebnyr\u00eb afatshkurt\u00ebr.<\/p>\n
The post Ari drejt majave historike, \u00e7mimi mund t\u00eb kap\u00ebrcej\u00eb 4 mij\u00eb dollar\u00eb p\u00ebr onz deri n\u00eb vitin 2026<\/a> appeared first on www.lexo.al<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Pas nj\u00eb periudhe t\u00eb gjat\u00eb stabiliteti, ari \u00ebsht\u00eb rikthyer fuqish\u00ebm n\u00eb sken\u00ebn e tregjeve nd\u00ebrkomb\u00ebtare si nj\u00eb nga asetet m\u00eb t\u00eb k\u00ebrkuara. Q\u00eb nga fillimi i vitit 2025, \u00e7mimi i arit \u00ebsht\u00eb rritur me afro 50%, duke arritur nivelin historik prej mbi 3 mij\u00eb e 800 dollar\u00ebsh p\u00ebr onz dhe sipas parashikimeve t\u00eb disa prej […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-43835","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/zennihost.com\/test\/wp-json\/wp\/v2\/posts\/43835","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zennihost.com\/test\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zennihost.com\/test\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/zennihost.com\/test\/wp-json\/wp\/v2\/comments?post=43835"}],"version-history":[{"count":0,"href":"https:\/\/zennihost.com\/test\/wp-json\/wp\/v2\/posts\/43835\/revisions"}],"wp:attachment":[{"href":"https:\/\/zennihost.com\/test\/wp-json\/wp\/v2\/media?parent=43835"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zennihost.com\/test\/wp-json\/wp\/v2\/categories?post=43835"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zennihost.com\/test\/wp-json\/wp\/v2\/tags?post=43835"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}