EBC黄金ETF持仓量报告解读（2025-3-25）特朗普关税政策立场软化

Group 1 - As of March 24, the largest gold ETF, SPDR Gold Trust, held 929.07 tons, a decrease of 1.44 tons from the previous trading day [4] - On March 24, spot gold fell for the second consecutive day, reaching a low of $3002.37 per ounce and closing at $3012.08 per ounce, a decline of 0.37% [4] - The recent softening of Trump's tariff policy has boosted market risk sentiment, putting pressure on gold prices [4] Group 2 - The market is also focused on the core Personal Consumption Expenditures (PCE) price index report, which may provide guidance on the Federal Reserve's monetary policy direction [5] - Last week, the Federal Reserve maintained its stance, raised inflation expectations, and lowered economic growth forecasts, with Powell reiterating the temporary nature of inflation [5] - Technical analysis indicates that the 14-day Relative Strength Index (RSI) is declining, suggesting potential continued adjustment in gold prices [5] Group 3 - If gold prices continue to decline, initial support is at $3000, with further testing of last week's low around $2980 if this level is breached [5] - On the upside, if buyers return, gold prices may retest historical highs of $3058, followed by $3080 [5]