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黄金ETF持仓量报告解读(2025-6-27)美元美债收益率承压金价回升
Sou Hu Cai Jing·2025-06-27 04:15

Core Viewpoint - The SPDR Gold Trust's holdings remain stable at 953.39 tons of gold, reflecting a cautious market sentiment amid fluctuating economic indicators and geopolitical tensions [2][7]. Group 1: Gold ETF Holdings - As of June 26, the SPDR Gold Trust holds 953.39 tons of gold, unchanged from the previous trading day [2][7]. - The overall trend in gold ETF holdings shows fluctuations, with the latest data indicating a stable position [3][4]. Group 2: Market Conditions - On June 26, spot gold prices fluctuated, reaching a high of $3,350.31 per ounce and a low of $3,309.51, ultimately closing at $3,327.68, down $4.24 or 0.13% [7]. - Economic data from the U.S. shows mixed signals, with a 0.5% contraction in Q1 GDP and an increase in the trade deficit, alongside a rise in unemployment claims to a three-and-a-half-year high [7][8]. Group 3: Federal Reserve and Interest Rates - Market speculation suggests two potential interest rate cuts by the Federal Reserve this year, with the first possibly in September, while the probability of a July cut remains at 20% [7][8]. - Divergent views among Federal Reserve officials regarding tariffs and inflation are influencing market expectations and gold prices [7][8]. Group 4: Technical Analysis of Gold - The technical indicators for gold are currently neutral, suggesting a consolidation phase, with key support at $3,300 and resistance at $3,350 [8]. - If gold prices break below $3,300, the next support level is around $3,245, while a breakthrough above $3,350 could lead to resistance at $3,380 and $3,400 [8].