{"id":3782,"date":"2025-02-11T09:43:45","date_gmt":"2025-02-11T08:43:45","guid":{"rendered":"https:\/\/www.powertrade.fr\/?p=3782"},"modified":"2025-02-12T13:57:10","modified_gmt":"2025-02-12T12:57:10","slug":"une-nouvelle-importante-pour-lor","status":"publish","type":"post","link":"https:\/\/www.powertrade.fr\/index.php\/2025\/02\/11\/une-nouvelle-importante-pour-lor\/","title":{"rendered":"Une nouvelle importante pour l&rsquo;or"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Le 7 f\u00e9vrier 2025, la National Financial Regulatory Administration (NFRA) de Chine a annonc\u00e9 un programme pilote permettant aux fonds d&rsquo;assurance d&rsquo;investir dans l&rsquo;or pour la premi\u00e8re fois. Cette d\u00e9cision est remarquable&nbsp;: elle marque un tournant dans la strat\u00e9gie d&rsquo;investissement des assurances en Chine, ouvrant potentiellement de nouvelles avenues pour la diversification de leurs portefeuilles.<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"1000\" height=\"600\" src=\"https:\/\/www.powertrade.fr\/wp-content\/uploads\/2025\/02\/China-NFRA.png\" alt=\"\" class=\"wp-image-3784\" srcset=\"https:\/\/www.powertrade.fr\/wp-content\/uploads\/2025\/02\/China-NFRA.png 1000w, https:\/\/www.powertrade.fr\/wp-content\/uploads\/2025\/02\/China-NFRA-300x180.png 300w, https:\/\/www.powertrade.fr\/wp-content\/uploads\/2025\/02\/China-NFRA-768x461.png 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">L&rsquo;annonce de la NFRA vise \u00e0 int\u00e9grer l&rsquo;or dans les strat\u00e9gies d&rsquo;allocation d&rsquo;actifs \u00e0 moyen et long terme des compagnies d&rsquo;assurance. Dix soci\u00e9t\u00e9s d&rsquo;assurance, parmi lesquelles on trouve des g\u00e9ants comme PICC Property &amp; Casualty Co. et China Life Insurance Co., ont \u00e9t\u00e9 autoris\u00e9es \u00e0 investir jusqu&rsquo;\u00e0 1% de leurs actifs dans l&rsquo;or. Selon les estimations, cette d\u00e9cision pourrait lib\u00e9rer environ 200 milliards de yuans (environ 27,4 milliards de dollars) pour l&rsquo;achat de m\u00e9taux pr\u00e9cieux.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bien \u00e9videmment, pour les investisseurs en or, cette annonce est un signal positif pour plusieurs raisons :<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Augmentation de la Demande : L&rsquo;injection potentielle de pr\u00e8s de 27,4 milliards de dollars dans le march\u00e9 de l&rsquo;or augmentera la demande, ce qui en principe pourra faire monter les prix.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Stabilit\u00e9 et S\u00e9curit\u00e9 : L&rsquo;or est traditionnellement vu comme un actif s\u00fbr, surtout en p\u00e9riode d&rsquo;incertitude \u00e9conomique. L\u2019investissement des soci\u00e9t\u00e9s d\u2019assurance va s\u2019\u00e9taler dans la dur\u00e9e, donc il fournira un support d\u2019achat pour les prochaines p\u00e9riodes de baisse de la demande.<\/li>\n<\/ul>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Confiance dans le march\u00e9 : tous ceux qui \u00e9tudient un peu le march\u00e9 de l\u2019or savent que le gouvernement chinois ne rapporte pas fid\u00e8lement ses achats. Pour le dire autrement, la Chine sous-estime probablement ses r\u00e9serves. Les conspirationnistes ajouteront probablement que les Etats-Unis surestiment leurs r\u00e9serves. Quoi qu\u2019il en soit cette annonce est l\u2019un des premiers signes officiels de l\u2019int\u00e9r\u00eat chinois pour l\u2019or.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Avec une demande suppl\u00e9mentaire de 27,4 milliards de dollars, il est tout \u00e0 fait plausible de pr\u00e9voir une hausse des cours de l&rsquo;or. Imaginons qu\u2019un pays comme les Etats-Unis emboite le pas \u00e0 la Chine (ce qui ne sera probablement pas le cas), et le cours de l\u2019or pourrait facilement atteindre les 10&nbsp;000 dollars l\u2019once.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A plus long terme : Une fois l&rsquo;ajustement initial pass\u00e9, l&rsquo;or pourrait trouver un nouveau niveau de stabilisation \u00e0 des prix plus \u00e9lev\u00e9s, surtout si l&rsquo;\u00e9conomie mondiale continue de faire face \u00e0 des d\u00e9fis comme l&rsquo;inflation ou les tensions g\u00e9opolitiques.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Bien entendu, chaque augmentation des cours de l\u2019or renforce en parall\u00e8le, l\u2019attractivit\u00e9 des mini\u00e8res productrices d\u2019or qui sont d\u00e9j\u00e0 rentables (attention \u00e0 faire preuve de s\u00e9lectivit\u00e9&nbsp;!)<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Cette d\u00e9cision chinoise est probablement motiv\u00e9e par des raisons \u00e9conomiques, mon\u00e9taristes et m\u00eame g\u00e9opolitiques.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Une hypoth\u00e8se pourrait \u00eatre que la Chine cherche \u00e0 diversifier ses r\u00e9serves et \u00e0 r\u00e9duire sa d\u00e9pendance envers les actifs traditionnels comme les obligations et les actions, particuli\u00e8rement dans un contexte de ralentissement \u00e9conomique et de troubles dans le secteur immobilier. Mais en sous-main et \u00e0 plus long terme, l\u2019id\u00e9e de proposer une alternative au dollar est sans doute bien pr\u00e9sente.<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<p class=\"wp-block-paragraph\">L&rsquo;ouverture de l&rsquo;investissement en or aux fonds d&rsquo;assurance en Chine est un d\u00e9veloppement significatif qui pourrait avoir des r\u00e9percussions \u00e0 long terme sur le march\u00e9 mondial de l&rsquo;or. Non seulement cela soutient les prix de l&rsquo;or \u00e0 court terme, mais cela pourrait \u00e9galement indiquer un changement plus profond dans la perception et l&rsquo;utilisation de l&rsquo;or dans la strat\u00e9gie d&rsquo;investissement institutionnel en Chine.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Chez Power Trade, nous avons, depuis le d\u00e9but, pens\u00e9 que le cours de l\u2019or (et de l&rsquo;argent) serait amen\u00e9 \u00e0 se renforcer dans les ann\u00e9es prochaines. De mani\u00e8re plus g\u00e9n\u00e9rale, l\u2019id\u00e9e d\u2019un \u00ab\u00a0retour au r\u00e9el\u00a0\u00bb dans la th\u00e9matique des investissements est un de nos piliers d\u2019investissement. C\u2019est dans cette optique que nous avons lanc\u00e9 la cha\u00eene \u00ab\u00a0<a href=\"https:\/\/www.youtube.com\/@MatiereaProfit\">Mati\u00e8re \u00e0 Profit<\/a>\u00a0\u00bb et que nous allons continuer de vous pr\u00e9senter des soci\u00e9t\u00e9s mini\u00e8res.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Le 7 f\u00e9vrier 2025, la National Financial Regulatory Administration (NFRA) de Chine a annonc\u00e9 un programme pilote permettant aux fonds d&rsquo;assurance d&rsquo;investir dans l&rsquo;or pour la premi\u00e8re fois. Cette d\u00e9cision est remarquable&nbsp;: elle marque un tournant dans la strat\u00e9gie d&rsquo;investissement des assurances en Chine, ouvrant potentiellement de nouvelles avenues pour la diversification de leurs portefeuilles. [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":3784,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"ocean_post_layout":"","ocean_both_sidebars_style":"","ocean_both_sidebars_content_width":0,"ocean_both_sidebars_sidebars_width":0,"ocean_sidebar":"","ocean_second_sidebar":"","ocean_disable_margins":"enable","ocean_add_body_class":"","ocean_shortcode_before_top_bar":"","ocean_shortcode_after_top_bar":"","ocean_shortcode_before_header":"","ocean_shortcode_after_header":"","ocean_has_shortcode":"","ocean_shortcode_after_title":"","ocean_shortcode_before_footer_widgets":"","ocean_shortcode_after_footer_widgets":"","ocean_shortcode_before_footer_bottom":"","ocean_shortcode_after_footer_bottom":"","ocean_display_top_bar":"default","ocean_display_header":"default","ocean_header_style":"","ocean_center_header_left_menu":"","ocean_custom_header_template":"","ocean_custom_logo":0,"ocean_custom_retina_logo":0,"ocean_custom_logo_max_width":0,"ocean_custom_logo_tablet_max_width":0,"ocean_custom_logo_mobile_max_width":0,"ocean_custom_logo_max_height":0,"ocean_custom_logo_tablet_max_height":0,"ocean_custom_logo_mobile_max_height":0,"ocean_header_custom_menu":"","ocean_menu_typo_font_family":"","ocean_menu_typo_font_subset":"","ocean_menu_typo_font_size":0,"ocean_menu_typo_font_size_tablet":0,"ocean_menu_typo_font_size_mobile":0,"ocean_menu_typo_font_size_unit":"px","ocean_menu_typo_font_weight":"","ocean_menu_typo_font_weight_tablet":"","ocean_menu_typo_font_weight_mobile":"","ocean_menu_typo_transform":"","ocean_menu_typo_transform_tablet":"","ocean_menu_typo_transform_mobile":"","ocean_menu_typo_line_height":0,"ocean_menu_typo_line_height_tablet":0,"ocean_menu_typo_line_height_mobile":0,"ocean_menu_typo_line_height_unit":"","ocean_menu_typo_spacing":0,"ocean_menu_typo_spacing_tablet":0,"ocean_menu_typo_spacing_mobile":0,"ocean_menu_typo_spacing_unit":"","ocean_menu_link_color":"","ocean_menu_link_color_hover":"","ocean_menu_link_color_active":"","ocean_menu_link_background":"","ocean_menu_link_hover_background":"","ocean_menu_link_active_background":"","ocean_menu_social_links_bg":"","ocean_menu_social_hover_links_bg":"","ocean_menu_social_links_color":"","ocean_menu_social_hover_links_color":"","ocean_disable_title":"default","ocean_disable_heading":"default","ocean_post_title":"","ocean_post_subheading":"","ocean_post_title_style":"","ocean_post_title_background_color":"","ocean_post_title_background":0,"ocean_post_title_bg_image_position":"","ocean_post_title_bg_image_attachment":"","ocean_post_title_bg_image_repeat":"","ocean_post_title_bg_image_size":"","ocean_post_title_height":0,"ocean_post_title_bg_overlay":0.5,"ocean_post_title_bg_overlay_color":"","ocean_disable_breadcrumbs":"default","ocean_breadcrumbs_color":"","ocean_breadcrumbs_separator_color":"","ocean_breadcrumbs_links_color":"","ocean_breadcrumbs_links_hover_color":"","ocean_display_footer_widgets":"default","ocean_display_footer_bottom":"default","ocean_custom_footer_template":"","ofc_meta_disable_footer_callout":"","ofc_meta_callout_button_url":"","ofc_meta_callout_button_txt":"","ofc_meta_callout_text":"","ofc_enable_fullscreen":"disable","ofc_fullscreen_speed":0,"ofc_fullscreen_nav":"enable","ofc_fullscreen_nav_pos":"right","ofc_fullscreen_nav_color":"","ofc_fullscreen_nav_tooltip_color":"","ofc_fullscreen_responsive":0,"osp_disable_panel":"default","osh_disable_topbar_sticky":"default","osh_disable_header_sticky":"default","osh_sticky_header_style":"default","osh_sticky_header_effect":"","osh_custom_sticky_logo":0,"osh_custom_retina_sticky_logo":0,"osh_custom_sticky_logo_height":0,"osh_background_color":"","osh_links_color":"","osh_links_hover_color":"","osh_links_active_color":"","osh_links_bg_color":"","osh_links_hover_bg_color":"","osh_links_active_bg_color":"","osh_menu_social_links_color":"","osh_menu_social_hover_links_color":"","ocean_post_oembed":"","ocean_post_self_hosted_media":"","ocean_post_video_embed":"","ocean_link_format":"","ocean_link_format_target":"self","ocean_quote_format":"","ocean_quote_format_link":"post","ocean_gallery_link_images":"on","ocean_gallery_id":[],"footnotes":""},"categories":[1,15],"tags":[48,16],"class_list":["post-3782","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-macro-eco","category-metaux-precieux","tag-chine","tag-or","entry","has-media"],"categories_names":["Macro-\u00e9conomie","m\u00e9taux 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