{"id":21117,"date":"2026-11-04T08:52:17","date_gmt":"2026-11-04T08:52:17","guid":{"rendered":"https:\/\/www.agencesand.fr\/fibee\/or-les-achats-des-banques-centrales-revelent-des-inquietudes-de-long-terme\/"},"modified":"2026-11-12T16:55:44","modified_gmt":"2026-11-12T16:55:44","slug":"or-les-achats-des-banques-centrales-revelent-des-inquietudes-de-long-terme","status":"publish","type":"fibee","link":"https:\/\/www.agencesand.fr\/en\/fibee\/or-les-achats-des-banques-centrales-revelent-des-inquietudes-de-long-terme\/","title":{"rendered":"Or : les achats des banques centrales r\u00e9v\u00e8lent des inqui\u00e9tudes de long terme"},"content":{"rendered":"<p class=\"wp-block-paragraph\"><strong>Le recul de l\u2019or ne d\u00e9tourne pas les banques centrales du m\u00e9tal pr\u00e9cieux.<\/strong> Pierre Pincemaille, Secr\u00e9taire g\u00e9n\u00e9ral de la Gestion chez DNCA Finance, souligne la reprise de leurs achats, notamment en Chine, apr\u00e8s une p\u00e9riode de ralentissement.<\/p>\n<p class=\"wp-block-paragraph\">\u00c0 court terme, la hausse des taux r\u00e9els am\u00e9ricains et l\u2019appr\u00e9ciation du dollar p\u00e9nalisent l\u2019or, qui ne verse aucun revenu. Mais les autorit\u00e9s mon\u00e9taires semblent regarder au-del\u00e0 de ces facteurs : <strong>la progression des dettes publiques et l\u2019alourdissement des charges d\u2019int\u00e9r\u00eats renforcent leur volont\u00e9 de diversifier leurs r\u00e9serves<\/strong>.<\/p>\n<p class=\"wp-block-paragraph\">Cette d\u00e9marche s\u2019inscrit \u00e9galement dans un contexte g\u00e9opolitique marqu\u00e9 par le gel d\u2019une partie des avoirs russes depuis 2022, qui a accentu\u00e9 l\u2019int\u00e9r\u00eat pour un actif d\u00e9tenu ind\u00e9pendamment des engagements d\u2019un autre \u00c9tat.<\/p>\n<p class=\"wp-block-paragraph\">Selon l\u2019auteur, ces achats rappellent le r\u00f4le que l\u2019or peut jouer dans une allocation diversifi\u00e9e face aux risques d\u2019inflation persistante et d\u2019\u00e9rosion mon\u00e9taire. <strong>Les fluctuations de court terme ne r\u00e9sument donc pas les motivations structurelles de ses acheteurs institutionnels.<\/strong><\/p>\n<p><a href=\"https:\/\/www.dnca-investments.com\/actualites\/2026-10-30-or-le-retour-des-banques-centrales\" target=\"_blank\" rel=\"noopener noreferrer\">Lire l\u2019article original sur le site de DNCA Investments \u2192<\/a><\/p>\n<p>L\u2019article <a href=\"https:\/\/www.experts-du-patrimoine.fr\/or-les-achats-des-banques-centrales-revelent-des-inquietudes-de-long-terme\/\">Or : les achats des banques centrales r\u00e9v\u00e8lent des inqui\u00e9tudes de long terme<\/a> est apparu en premier sur <a href=\"https:\/\/www.experts-du-patrimoine.fr\/\">Experts du Patrimoine<\/a>.<\/p>\n","protected":false},"featured_media":0,"template":"","meta":{"_acf_changed":false},"class_list":["post-21117","fibee","type-fibee","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Or : les achats des banques centrales r\u00e9v\u00e8lent des inqui\u00e9tudes de long terme &#187; Agence SAND<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.experts-du-patrimoine.fr\/or-les-achats-des-banques-centrales-revelent-des-inquietudes-de-long-terme\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Or : les achats des banques centrales r\u00e9v\u00e8lent des inqui\u00e9tudes de long terme &#187; Agence SAND\" \/>\n<meta property=\"og:description\" content=\"Le recul de l\u2019or ne d\u00e9tourne pas les banques centrales du m\u00e9tal pr\u00e9cieux. Pierre Pincemaille, Secr\u00e9taire g\u00e9n\u00e9ral de la Gestion chez DNCA Finance, souligne la reprise de leurs achats, notamment en Chine, apr\u00e8s une p\u00e9riode de ralentissement. \u00c0 court terme, la hausse des taux r\u00e9els am\u00e9ricains et l\u2019appr\u00e9ciation du dollar p\u00e9nalisent l\u2019or, qui ne verse [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.experts-du-patrimoine.fr\/or-les-achats-des-banques-centrales-revelent-des-inquietudes-de-long-terme\/\" \/>\n<meta property=\"og:site_name\" content=\"Agence SAND\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AgenceSand\" \/>\n<meta property=\"article:modified_time\" content=\"2026-11-12T16:55:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.agencesand.fr\/wp-content\/uploads\/2025\/01\/cropped-Agence-SAND-2022.png\" \/>\n\t<meta property=\"og:image:width\" content=\"512\" \/>\n\t<meta property=\"og:image:height\" content=\"512\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@AgenceSAND\" \/>\n<meta name=\"twitter:label1\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.agencesand.fr\\\/en\\\/fibee\\\/or-les-achats-des-banques-centrales-revelent-des-inquietudes-de-long-terme\\\/\",\"url\":\"https:\\\/\\\/www.experts-du-patrimoine.fr\\\/or-les-achats-des-banques-centrales-revelent-des-inquietudes-de-long-terme\\\/\",\"name\":\"Or : les achats des banques centrales r\u00e9v\u00e8lent des inqui\u00e9tudes de long terme &#187; 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