{"id":2625,"date":"2026-08-13T11:14:14","date_gmt":"2026-08-13T02:14:14","guid":{"rendered":"https:\/\/senfx.com\/?p=2625"},"modified":"2026-08-13T11:14:14","modified_gmt":"2026-08-13T02:14:14","slug":"gold-demand-q2-three-checks","status":"publish","type":"post","link":"https:\/\/senfx.com\/?p=2625","title":{"rendered":"\u91d1\u9700\u89811,269\u30c8\u30f3\u3001\u30b4\u30fc\u30eb\u30c9\u3092\u300c\u6a2a\u3070\u3044\u300d\u3060\u3051\u3067\u898b\u306a\u30443\u3064\u306e\u78ba\u8a8d"},"content":{"rendered":"<div class=\"tcdce-body\"><p>\u30b4\u30fc\u30eb\u30c9\u306e\u9700\u8981\u7d71\u8a08\u3092\u898b\u308b\u3068\u304d\u3001\u300c\u9700\u8981\u304c\u5897\u3048\u305f\u304b\u3001\u6e1b\u3063\u305f\u304b\u300d\u3060\u3051\u3092\u5148\u306b\u898b\u305f\u304f\u306a\u308a\u307e\u3059\u3088\u306d\u3002\u3068\u3053\u308d\u304c\u30012026\u5e744\u301c6\u6708\u671f\u306f\u7dcf\u9700\u8981\u304c\u524d\u5e74\u540c\u671f\u6bd4\u3067\u307b\u307c\u5909\u308f\u3089\u306a\u3044\u4e00\u65b9\u3001\u5185\u5074\u3067\u306fETF\u3001\u4e2d\u592e\u9280\u884c\u3001\u5b9d\u98fe\u54c1\u304c\u304b\u306a\u308a\u9055\u3046\u52d5\u304d\u3092\u3057\u3066\u3044\u307e\u3057\u305f\u3002<\/p>\n<p>\u4eca\u56de\u306f\u3001\u4e16\u754c\u9ec4\u91d1\u5354\u4f1a\u304c7\u670830\u65e5\u306b\u516c\u8868\u3057\u305f<a href=\"https:\/\/www.gold.org\/goldhub\/research\/gold-demand-trends\/gold-demand-trends-q2-2026\">2026\u5e744\u301c6\u6708\u671f\u306e\u91d1\u9700\u8981\u7d71\u8a08<\/a>\u3092\u4e2d\u5fc3\u306b\u30018\u670812\u65e5\u307e\u3067\u306e<a href=\"https:\/\/home.treasury.gov\/resource-center\/data-chart-center\/interest-rates\/TextView?type=daily_treasury_real_yield_curve&amp;field_tdr_date_value=2026\">\u7c73\u5b9f\u8cea\u91d1\u5229<\/a>\u3068\u3001\u540c\u65e5\u306b\u516c\u8868\u3055\u308c\u305f<a href=\"https:\/\/www.bls.gov\/news.release\/cpi.nr0.htm\">7\u6708\u7c73\u6d88\u8cbb\u8005\u7269\u4fa1\u6307\u6570<\/a>\u3082\u91cd\u306d\u307e\u3059\u3002\u6570\u5b57\u3092\u4e00\u3064\u306e\u65b9\u5411\u3078\u6025\u3044\u3067\u307e\u3068\u3081\u305a\u3001\u9806\u756a\u306b\u6574\u7406\u3057\u3066\u307f\u307e\u3057\u3087\u3046\u3002<\/p>\n<h2>\u307e\u305a\u306f4\u301c6\u6708\u671f\u306e\u5168\u4f53\u50cf\u3092\u78ba\u8a8d\u3057\u3088\u3046<\/h2>\n<h3>\u7dcf\u9700\u89811,269\u30c8\u30f3\u306f\u524d\u5e74\u540c\u671f\u6bd4\u3067\u6a2a\u3070\u3044<\/h3>\n<p>\u4e16\u754c\u9ec4\u91d1\u5354\u4f1a\u306b\u3088\u308b\u3068\u3001OTC\u53d6\u5f15\u3092\u542b\u30804\u301c6\u6708\u671f\u306e\u4e16\u754c\u306e\u91d1\u9700\u8981\u306f1,269\u30c8\u30f3\u3067\u3001\u524d\u5e74\u540c\u671f\u6bd4\u3067\u306f\u6a2a\u3070\u3044\u3067\u3057\u305f\u30021\u301c6\u6708\u306e\u7d2f\u8a08\u306f2,522\u30c8\u30f3\u3068\u306a\u308a\u3001\u524d\u5e74\u540c\u671f\u6bd4\u30672\uff05\u5897\u3048\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u3053\u3053\u3067\u5927\u5207\u306a\u306e\u306f\u3001\u300c\u6a2a\u3070\u3044\u300d\u3092\u5e02\u5834\u306e\u71b1\u304c\u5909\u308f\u3089\u306a\u304b\u3063\u305f\u3068\u3044\u3046\u610f\u5473\u306b\u7f6e\u304d\u63db\u3048\u306a\u3044\u3053\u3068\u3067\u3059\u3002\u7dcf\u91cf\u304c\u540c\u3058\u3067\u3082\u3001\u8ab0\u304c\u3069\u306e\u5f62\u3067\u91d1\u3092\u4fdd\u6709\u3057\u305f\u304b\u306f\u5165\u308c\u66ff\u308f\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<h3>\u4fa1\u683c\u306e\u5e73\u5747\u5024\u3068\u9700\u8981\u91cf\u306f\u540c\u3058\u8a71\u3067\u306f\u306a\u3044<\/h3>\n<p>4\u301c6\u6708\u671f\u306eLBMA\u91d1\u4fa1\u683c\u306e\u5348\u5f8c\u5024\u5e73\u5747\u306f1\u30c8\u30ed\u30a4\u30aa\u30f3\u30b94,506.29\u30c9\u30eb\u3067\u3057\u305f\u30021\u301c3\u6708\u671f\u306e\u5e73\u5747\u3088\u308a8\uff05\u4f4e\u3044\u4e00\u65b9\u3001\u524d\u5e74\u540c\u671f\u3088\u308a37\uff05\u9ad8\u3044\u6c34\u6e96\u3067\u3059\u3002<\/p>\n<p>\u4fa1\u683c\u304c\u524d\u5e74\u3088\u308a\u9ad8\u304f\u3066\u3082\u7dcf\u9700\u8981\u91cf\u306f\u6a2a\u3070\u3044\u3067\u3057\u305f\u3002\u4fa1\u683c\u3068\u6570\u91cf\u3092\u4e00\u3064\u306e\u898b\u51fa\u3057\u3067\u307e\u3068\u3081\u308b\u3088\u308a\u3001\u91d1\u984d\u30d9\u30fc\u30b9\u3068\u91cd\u91cf\u30d9\u30fc\u30b9\u3092\u5206\u3051\u3066\u8aad\u3080\u307b\u3046\u304c\u3001\u9700\u8981\u306e\u8f2a\u90ed\u3092\u3064\u304b\u307f\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002<\/p>\n<h2>\u78ba\u8a8d1\uff1a\u6295\u8cc7\u9700\u8981\u3092\u4e00\u3064\u306b\u307e\u3068\u3081\u306a\u3044<\/h2>\n<h3>\u91d1ETF\u306f45\u30c8\u30f3\u306e\u7d14\u6d41\u51fa<\/h3>\n<p>4\u301c6\u6708\u671f\u306e\u91d1ETF\u306f45\u30c8\u30f3\u306e\u7d14\u6d41\u51fa\u3067\u3057\u305f\u3002\u4e16\u754c\u9ec4\u91d1\u5354\u4f1a\u306f\u3001\u91d1\u4fa1\u683c\u306e\u5f31\u542b\u307f\u306b\u52a0\u3048\u3001\u7279\u306b\u5317\u7c73\u3067\u30a4\u30f3\u30d5\u30ec\u898b\u901a\u3057\u3068\u91d1\u5229\u898b\u901a\u3057\u304c\u4e0a\u5411\u304d\u3001\u30c9\u30eb\u304c\u5f37\u307e\u3063\u305f\u3053\u3068\u3092\u80cc\u666f\u3068\u3057\u3066\u6319\u3052\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>ETF\u306f\u5e02\u5834\u4fa1\u683c\u3067\u58f2\u8cb7\u3057\u3084\u3059\u3044\u305f\u3081\u3001\u91d1\u5229\u3084\u30c9\u30eb\u3001\u6295\u8cc7\u5bb6\u5fc3\u7406\u306e\u5909\u5316\u304c\u6bd4\u8f03\u7684\u65e9\u304f\u8868\u308c\u3084\u3059\u3044\u90e8\u5206\u3067\u3059\u3002\u305f\u3060\u3057\u3001ETF\u304b\u3089\u8cc7\u91d1\u304c\u51fa\u305f\u3053\u3068\u3060\u3051\u3067\u3001\u4e16\u754c\u5168\u4f53\u306e\u91d1\u9700\u8981\u304c\u5f31\u304f\u306a\u3063\u305f\u3068\u306f\u8a00\u3044\u5207\u308c\u307e\u305b\u3093\u3002<\/p>\n<h3>\u91d1\u5730\u91d1\u30fb\u91d1\u8ca8\u306f307\u30c8\u30f3<\/h3>\n<p>\u91d1\u5730\u91d1\u3068\u91d1\u8ca8\u306e\u9700\u8981\u306f307\u30c8\u30f3\u3067\u3001\u524d\u5e74\u540c\u671f\u3068\u304a\u304a\u3080\u306d\u540c\u3058\u3067\u3057\u305f\u3002\u76f4\u524d\u306e2\u56db\u534a\u671f\u304c\u975e\u5e38\u306b\u5f37\u304b\u3063\u305f\u53cd\u52d5\u3092\u8e0f\u307e\u3048\u308b\u3068\u3001\u77ed\u671f\u7684\u306aETF\u306e\u52d5\u304d\u3068\u306f\u5225\u306e\u6642\u9593\u8ef8\u3067\u898b\u305f\u307b\u3046\u304c\u3088\u3055\u305d\u3046\u3067\u3059\u3002<\/p>\n<p>ETF\u3068\u73fe\u7269\u6295\u8cc7\u306f\u3001\u3069\u3061\u3089\u3082\u300c\u6295\u8cc7\u9700\u8981\u300d\u3068\u3044\u3046\u7bb1\u306b\u5165\u308a\u307e\u3059\u3002\u305d\u308c\u3067\u3082\u3001\u63db\u91d1\u306e\u3057\u3084\u3059\u3055\u3001\u4fdd\u6709\u76ee\u7684\u3001\u5730\u57df\u3054\u3068\u306e\u53c2\u52a0\u8005\u304c\u7570\u306a\u308b\u305f\u3081\u3001\u540c\u3058\u65b9\u5411\u306b\u52d5\u304f\u3068\u306f\u9650\u308a\u307e\u305b\u3093\u3002<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/senfx.com\/wp-content\/uploads\/2026\/08\/body-demand-channels.png\" alt=\"\u6295\u8cc7\u8cc7\u91d1\u30fb\u4e2d\u592e\u9280\u884c\u306e\u6e96\u5099\u8cc7\u7523\u30fb\u5b9d\u98fe\u54c1\u9700\u8981\u3092\u5225\u3005\u306b\u793a\u3059\u56f3\u89e3\" \/><figcaption>ETF\u3001\u4e2d\u592e\u9280\u884c\u3001\u5b9f\u7269\u9700\u8981\u306f\u3001\u53c2\u52a0\u8005\u3068\u4fdd\u6709\u671f\u9593\u304c\u7570\u306a\u308a\u307e\u3059\u3002<\/figcaption><\/figure>\n<h2>\u78ba\u8a8d2\uff1a\u4e2d\u592e\u9280\u884c\u3068\u5bb6\u8a08\u306e\u52d5\u304d\u3092\u5206\u3051\u308b<\/h2>\n<h3>\u4e2d\u592e\u9280\u884c\u306e\u8cfc\u5165\u306f289\u30c8\u30f3<\/h3>\n<p>\u4e2d\u592e\u9280\u884c\u306a\u3069\u516c\u7684\u90e8\u9580\u306e\u8cfc\u5165\u306f289\u30c8\u30f3\u3067\u3057\u305f\u30021\u301c3\u6708\u671f\u306b\u3044\u3063\u305f\u3093\u920d\u5316\u3057\u305f\u3042\u3068\u30014\u301c6\u6708\u671f\u306b\u306f\u904e\u53bb4\u5e74\u3067\u898b\u3089\u308c\u305f\u9ad8\u3044\u6c34\u6e96\u3078\u623b\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u4e2d\u592e\u9280\u884c\u306e\u4fdd\u6709\u5224\u65ad\u306f\u3001\u77ed\u671f\u306e\u5024\u52d5\u304d\u3060\u3051\u3067\u306a\u304f\u3001\u5916\u8ca8\u6e96\u5099\u306e\u5206\u6563\u3084\u9577\u671f\u7684\u306a\u653f\u7b56\u5224\u65ad\u3092\u542b\u307f\u307e\u3059\u3002ETF\u306e\u6d41\u51fa\u3068\u4e2d\u592e\u9280\u884c\u306e\u8cfc\u5165\u304c\u540c\u3058\u56db\u534a\u671f\u306b\u4e26\u3093\u3067\u3082\u3001\u77db\u76fe\u3068\u3044\u3046\u3088\u308a\u53c2\u52a0\u8005\u3068\u4fdd\u6709\u671f\u9593\u306e\u9055\u3044\u3068\u8003\u3048\u308b\u307b\u3046\u304c\u81ea\u7136\u3067\u3059\u3002<\/p>\n<h3>\u5b9d\u98fe\u54c1\u9700\u8981\u306f278\u30c8\u30f3\u307e\u3067\u6e1b\u5c11<\/h3>\n<p>\u5b9d\u98fe\u54c1\u9700\u8981\u306f278\u30c8\u30f3\u3067\u3001\u611f\u67d3\u75c7\u6d41\u884c\u671f\u4ee5\u964d\u3067\u306f\u6700\u3082\u5c11\u306a\u3044\u56db\u534a\u671f\u91cf\u306b\u306a\u308a\u307e\u3057\u305f\u3002\u9ad8\u3044\u91d1\u4fa1\u683c\u3068\u7269\u4fa1\u4e0a\u6607\u304c\u5bb6\u8a08\u306e\u8cfc\u5165\u4f59\u529b\u3092\u5727\u8feb\u3057\u305f\u3068\u6574\u7406\u3055\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u4e00\u65b9\u3001\u5b9d\u98fe\u54c1\u3078\u306e\u652f\u51fa\u984d\u306f\u524d\u5e74\u540c\u671f\u6bd414\uff05\u5897\u306e400\u5104\u30c9\u30eb\u3067\u3057\u305f\u3002\u8cb7\u308f\u308c\u305f\u91cd\u91cf\u304c\u6e1b\u3063\u3066\u3082\u652f\u51fa\u984d\u304c\u5897\u3048\u308b\u3053\u3068\u306f\u3042\u308a\u307e\u3059\u3002\u3053\u3053\u3067\u3082\u300c\u9700\u8981\u300d\u3068\u3044\u3046\u8a00\u8449\u306e\u5358\u4f4d\u3092\u78ba\u8a8d\u3057\u3066\u304a\u304d\u305f\u3044\u3068\u3053\u308d\u3067\u3059\u3002<\/p>\n<h2>\u78ba\u8a8d3\uff1a\u9700\u8981\u7d71\u8a08\u3068\u8db3\u5143\u306e\u5b9f\u8cea\u91d1\u5229\u3092\u6df7\u305c\u3059\u304e\u306a\u3044<\/h2>\n<h3>4\u301c6\u6708\u671f\u306e\u7d71\u8a08\u306f\u904e\u53bb\u3092\u5207\u308a\u53d6\u3063\u305f\u3082\u306e<\/h3>\n<p>\u91d1\u9700\u8981\u7d71\u8a08\u304c\u5bfe\u8c61\u306b\u3057\u3066\u3044\u308b\u306e\u306f6\u670830\u65e5\u307e\u3067\u3067\u3059\u3002\u516c\u8868\u65e5\u306f7\u670830\u65e5\u306a\u306e\u3067\u30018\u6708\u306e\u91d1\u5229\u3084\u7269\u4fa1\u306e\u5909\u5316\u306f\u307e\u3060\u542b\u307e\u308c\u3066\u3044\u307e\u305b\u3093\u3002\u56db\u534a\u671f\u7d71\u8a08\u306f\u9700\u8981\u306e\u69cb\u9020\u3092\u78ba\u8a8d\u3059\u308b\u6750\u6599\u3067\u3042\u308a\u3001\u5f53\u65e5\u306e\u5024\u52d5\u304d\u3092\u305d\u306e\u307e\u307e\u8aac\u660e\u3059\u308b\u6642\u8a08\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<h3>8\u670812\u65e5\u306e\u7c7310\u5e74\u5b9f\u8cea\u91d1\u5229\u306f2.42\uff05<\/h3>\n<p>\u7c73\u8ca1\u52d9\u7701\u306e\u516c\u8868\u5024\u3067\u306f\u300110\u5e74\u5b9f\u8cea\u91d1\u5229\u306f8\u670810\u65e5\u306811\u65e5\u306e2.43\uff05\u304b\u3089\u300112\u65e5\u306f2.42\uff05\u3078\u5c0f\u5e45\u306b\u4f4e\u4e0b\u3057\u307e\u3057\u305f\u30025\u5e74\u5b9f\u8cea\u91d1\u5229\u30822.16\uff05\u304b\u30892.14\uff05\u3078\u4e0b\u304c\u3063\u3066\u3044\u307e\u3059\u3002<\/p>\n<p>\u5909\u5316\u5e45\u306f\u5c0f\u3055\u304f\u3001\u3053\u308c\u3060\u3051\u3067\u30b4\u30fc\u30eb\u30c9\u306e\u65b9\u5411\u3092\u6c7a\u3081\u308b\u6750\u6599\u3068\u306f\u8a00\u3048\u307e\u305b\u3093\u3002\u305f\u3060\u3001\u5229\u606f\u3092\u751f\u307e\u306a\u3044\u91d1\u3092\u4fdd\u6709\u3059\u308b\u6a5f\u4f1a\u8cbb\u7528\u3092\u898b\u308b\u3046\u3048\u3067\u3001\u5b9f\u8cea\u91d1\u5229\u306e\u6c34\u6e96\u3068\u5909\u5316\u306f\u9700\u8981\u7d71\u8a08\u3068\u306f\u5225\u306b\u78ba\u8a8d\u3057\u3066\u304a\u304d\u305f\u3044\u8981\u7d20\u3067\u3059\u3002<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/senfx.com\/wp-content\/uploads\/2026\/08\/body-real-yield-balance.png\" alt=\"\u91d1\u3068\u7269\u4fa1\u9023\u52d5\u50b5\u306e\u6a5f\u4f1a\u8cbb\u7528\u3092\u5929\u79e4\u3067\u6bd4\u8f03\u3059\u308b\u56f3\u89e3\" \/><figcaption>\u56db\u534a\u671f\u306e\u9700\u8981\u69cb\u9020\u3068\u8db3\u5143\u306e\u5b9f\u8cea\u91d1\u5229\u3092\u3001\u5225\u306e\u6642\u9593\u8ef8\u3068\u3057\u3066\u78ba\u8a8d\u3057\u307e\u3059\u3002<\/figcaption><\/figure>\n<h2>7\u6708\u7c73CPI\u306f\u91d1\u5229\u306e\u80cc\u666f\u3068\u3057\u3066\u8aad\u3080<\/h2>\n<h3>\u7dcf\u5408\u306f\u524d\u6708\u6bd40.1\uff05\u3001\u524d\u5e74\u540c\u6708\u6bd43.4\uff05<\/h3>\n<p>\u7c73\u52b4\u50cd\u7d71\u8a08\u5c40\u304c8\u670812\u65e5\u306b\u516c\u8868\u3057\u305f7\u6708\u306e\u6d88\u8cbb\u8005\u7269\u4fa1\u6307\u6570\u306f\u3001\u5b63\u7bc0\u8abf\u6574\u6e08\u307f\u306e\u524d\u6708\u6bd4\u30670.1\uff05\u4e0a\u6607\u3057\u3001\u524d\u5e74\u540c\u6708\u6bd4\u3067\u306f3.4\uff05\u4e0a\u6607\u3057\u307e\u3057\u305f\u3002\u98df\u54c1\u3068\u30a8\u30cd\u30eb\u30ae\u30fc\u3092\u9664\u304f\u6307\u6570\u306f\u524d\u6708\u6bd40.2\uff05\u3001\u524d\u5e74\u540c\u6708\u6bd42.5\uff05\u306e\u4e0a\u6607\u3067\u3059\u3002<\/p>\n<h3>\u30a8\u30cd\u30eb\u30ae\u30fc\u4f4e\u4e0b\u3068\u4f4f\u5c45\u8cbb\u4e0a\u6607\u3092\u5206\u3051\u308b<\/h3>\n<p>7\u6708\u306f\u30a8\u30cd\u30eb\u30ae\u30fc\u6307\u6570\u304c\u524d\u6708\u6bd41.5\uff05\u4f4e\u4e0b\u3059\u308b\u4e00\u65b9\u3001\u4f4f\u5c45\u8cbb\u306f0.1\uff05\u4e0a\u6607\u3057\u3001\u6708\u9593\u306e\u7dcf\u5408\u6307\u6570\u4e0a\u6607\u306e\u7d043\u5206\u306e2\u3092\u5360\u3081\u307e\u3057\u305f\u3002\u7dcf\u5408\u306e\u4f38\u3073\u304c\u5c0f\u3055\u3044\u304b\u3089\u3068\u3044\u3063\u3066\u3001\u3059\u3079\u3066\u306e\u4fa1\u683c\u5727\u529b\u304c\u540c\u3058\u3088\u3046\u306b\u5f31\u307e\u3063\u305f\u308f\u3051\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n<p>CPI\u306f\u5c06\u6765\u306e\u653f\u7b56\u91d1\u5229\u3092\u76f4\u63a5\u6c7a\u3081\u308b\u3082\u306e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u5b9f\u8cea\u91d1\u5229\u3001\u30c9\u30eb\u3001\u666f\u6c17\u898b\u901a\u3057\u3068\u7d44\u307f\u5408\u308f\u305b\u305f\u3068\u304d\u306b\u3001\u30b4\u30fc\u30eb\u30c9\u3092\u53d6\u308a\u5dfb\u304f\u6a5f\u4f1a\u8cbb\u7528\u306e\u80cc\u666f\u304c\u5c11\u3057\u898b\u3048\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002<\/p>\n<h2>\u6570\u5b57\u3092\u8aad\u3080\u9806\u756a\u3092\u6c7a\u3081\u3066\u304a\u3053\u3046<\/h2>\n<h3>\u6700\u521d\u306b\u5bfe\u8c61\u671f\u9593\u3068\u5358\u4f4d\u3092\u898b\u308b<\/h3>\n<p>\u9700\u8981\u7d71\u8a08\u306a\u3089\u5bfe\u8c61\u56db\u534a\u671f\u3001\u91cd\u91cf\u3001\u91d1\u984d\u3001\u524d\u5e74\u540c\u671f\u6bd4\u3092\u5206\u3051\u307e\u3059\u3002\u56db\u534a\u671f\u306e\u69cb\u9020\u5909\u5316\u3068\u3001\u8db3\u5143\u306e\u65e5\u6b21\u30c7\u30fc\u30bf\u3092\u540c\u3058\u6642\u9593\u8ef8\u306e\u3088\u3046\u306b\u6271\u308f\u306a\u3044\u3053\u3068\u304c\u7b2c\u4e00\u6b69\u3067\u3059\u3002<\/p>\n<h3>\u6b21\u306b\u53c2\u52a0\u8005\u3068\u4fdd\u6709\u671f\u9593\u3092\u898b\u308b<\/h3>\n<p>ETF\u3001\u4e2d\u592e\u9280\u884c\u3001\u91d1\u5730\u91d1\u30fb\u91d1\u8ca8\u3001\u5b9d\u98fe\u54c1\u3067\u306f\u3001\u53c2\u52a0\u8005\u3082\u76ee\u7684\u3082\u9055\u3044\u307e\u3059\u3002\u5408\u8a08\u5024\u306e\u88cf\u3067\u3001\u3069\u306e\u9700\u8981\u304c\u5897\u3048\u3001\u3069\u306e\u9700\u8981\u304c\u6e1b\u3063\u305f\u306e\u304b\u3092\u78ba\u8a8d\u3059\u308b\u3068\u3001\u300c\u9700\u8981\u6a2a\u3070\u3044\u300d\u306e\u4e2d\u8eab\u304c\u898b\u3048\u3066\u304d\u307e\u3059\u3002<\/p>\n<h3>\u6700\u5f8c\u306b\u5b9f\u8cea\u91d1\u5229\u3068\u7269\u4fa1\u306e\u66f4\u65b0\u65e5\u3092\u898b\u308b<\/h3>\n<p>\u8db3\u5143\u306e\u6750\u6599\u3092\u91cd\u306d\u308b\u3068\u304d\u306f\u3001\u516c\u8868\u65e5\u3092\u305d\u308d\u3048\u3066\u307f\u307e\u3057\u3087\u3046\u3002\u4eca\u56de\u306f\u91d1\u9700\u8981\u7d71\u8a08\u304c7\u670830\u65e5\u3001\u7c73CPI\u3068\u6700\u65b0\u306e\u5b9f\u8cea\u91d1\u5229\u304c8\u670812\u65e5\u3067\u3059\u3002\u65b0\u3057\u3044\u6750\u6599\u307b\u3069\u4e07\u80fd\u3068\u3044\u3046\u308f\u3051\u3067\u306f\u306a\u304f\u3001\u305d\u308c\u305e\u308c\u304c\u8aac\u660e\u3067\u304d\u308b\u7bc4\u56f2\u3092\u610f\u8b58\u3059\u308b\u3068\u6574\u7406\u3057\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002<\/p>\n<h2>\u307e\u3068\u3081<\/h2>\n<p>2026\u5e744\u301c6\u6708\u671f\u306e\u91d1\u9700\u8981\u306f\u5408\u8a081,269\u30c8\u30f3\u3067\u524d\u5e74\u540c\u671f\u6bd4\u6a2a\u3070\u3044\u3067\u3057\u305f\u304c\u3001\u5185\u8a33\u306f\u4e00\u65b9\u5411\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3067\u3057\u305f\u3002<\/p>\n<ul>\n<li>\u91d1ETF\u306f45\u30c8\u30f3\u306e\u7d14\u6d41\u51fa\u3001\u91d1\u5730\u91d1\u30fb\u91d1\u8ca8\u306f307\u30c8\u30f3<\/li>\n<li>\u4e2d\u592e\u9280\u884c\u306e\u8cfc\u5165\u306f289\u30c8\u30f3\u3001\u5b9d\u98fe\u54c1\u9700\u8981\u306f278\u30c8\u30f3<\/li>\n<li>8\u670812\u65e5\u306e10\u5e74\u7c73\u5b9f\u8cea\u91d1\u5229\u306f2.42\uff05\u30017\u6708\u7c73CPI\u306f\u524d\u5e74\u540c\u6708\u6bd43.4\uff05<\/li>\n<\/ul>\n<p>\u5408\u8a08\u3001\u53c2\u52a0\u8005\u3001\u8db3\u5143\u306e\u91d1\u5229\u74b0\u5883\u3092\u9806\u756a\u306b\u5206\u3051\u308b\u3068\u3001\u3072\u3068\u3064\u306e\u6570\u5b57\u3060\u3051\u3067\u76f8\u5834\u3092\u6c7a\u3081\u3064\u3051\u306b\u304f\u304f\u306a\u308a\u307e\u3059\u3002\u30b4\u30fc\u30eb\u30c9\u306f\u6750\u6599\u306e\u591a\u3044\u5e02\u5834\u3067\u3059\u304b\u3089\u3001\u6025\u3044\u3067\u7b54\u3048\u3092\u51fa\u3059\u3088\u308a\u3001\u6570\u5b57\u306e\u5c45\u5834\u6240\u3092\u78ba\u304b\u3081\u308b\u304f\u3089\u3044\u304c\u3061\u3087\u3046\u3069\u3088\u3044\u306e\u304b\u3082\u3057\u308c\u307e\u305b\u3093\u3002<\/p>\n<h2>\u53c2\u8003\u8cc7\u6599<\/h2>\n<ul>\n<li><a href=\"https:\/\/www.gold.org\/goldhub\/research\/gold-demand-trends\/gold-demand-trends-q2-2026\">World Gold Council\uff1aGold Demand Trends Q2 2026\uff082026\u5e747\u670830\u65e5\uff09<\/a><\/li>\n<li><a href=\"https:\/\/home.treasury.gov\/resource-center\/data-chart-center\/interest-rates\/TextView?type=daily_treasury_real_yield_curve&amp;field_tdr_date_value=2026\">U.S. Department of the Treasury\uff1aDaily Treasury Par Real Yield Curve Rates<\/a><\/li>\n<li><a href=\"https:\/\/www.bls.gov\/news.release\/cpi.nr0.htm\">U.S. Bureau of Labor Statistics\uff1aConsumer Price Index, July 2026\uff082026\u5e748\u670812\u65e5\uff09<\/a><\/li>\n<\/ul>\n<p><small>\u672c\u8a18\u4e8b\u306f\u516c\u958b\u8cc7\u6599\u3092\u6574\u7406\u3057\u305f\u5b66\u7fd2\u7528\u30b3\u30f3\u30c6\u30f3\u30c4\u3067\u3059\u3002\u7279\u5b9a\u306e\u58f2\u8cb7\u3092\u52e7\u3081\u308b\u3082\u306e\u3067\u306f\u306a\u304f\u3001\u5c06\u6765\u306e\u4fa1\u683c\u3084\u5229\u76ca\u3092\u4fdd\u8a3c\u3059\u308b\u3082\u306e\u3067\u3082\u3042\u308a\u307e\u305b\u3093\u3002<\/small><\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"2026\u5e744\u301c6\u6708\u671f\u306e\u91d1\u9700\u8981\u3092\u3001ETF\u3001\u4e2d\u592e\u9280\u884c\u3068\u5b9f\u7269\u9700\u8981\u3001\u8db3\u5143\u306e\u5b9f\u8cea\u91d1\u5229\u306b\u5206\u3051\u3066\u78ba\u8a8d\u3057\u307e\u3059\u3002","protected":false},"author":23,"featured_media":2622,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[191],"tags":[40,220,199,246],"class_list":["post-2625","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-now","tag-40","tag-220","tag-etf","tag-246"],"_links":{"self":[{"href":"https:\/\/senfx.com\/index.php?rest_route=\/wp\/v2\/posts\/2625","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/senfx.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/senfx.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/senfx.com\/index.php?rest_route=\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/senfx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2625"}],"version-history":[{"count":1,"href":"https:\/\/senfx.com\/index.php?rest_route=\/wp\/v2\/posts\/2625\/revisions"}],"predecessor-version":[{"id":2626,"href":"https:\/\/senfx.com\/index.php?rest_route=\/wp\/v2\/posts\/2625\/revisions\/2626"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/senfx.com\/index.php?rest_route=\/wp\/v2\/media\/2622"}],"wp:attachment":[{"href":"https:\/\/senfx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2625"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/senfx.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2625"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/senfx.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2625"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}