黄金ETF持仓量报告解读（2025-7-9）避险黄金在美盘时段遭抛售

Core Viewpoint - The SPDR Gold Trust, the world's largest gold ETF, reported a holding of 946.51 tons of gold as of July 8, 2025, reflecting a decrease of 1.15 tons from the previous trading day. The decline in gold holdings coincided with a significant drop in spot gold prices, influenced by recent tariff announcements from former President Trump, which have increased risk appetite and pressured gold prices [6]. Group 1: Gold ETF Holdings - As of July 8, 2025, SPDR Gold Trust's total holdings stand at 946.51 tons of gold [6]. - The holdings decreased by 1.15 tons compared to the previous trading day [6]. Group 2: Gold Price Movement - On July 8, spot gold prices fell significantly, reaching a low of $3286.68 per ounce before closing at $3301.56 per ounce, down $34.74 or 1.04% [6]. - The decline in gold prices is attributed to increased risk appetite stemming from tariff news and rising U.S. dollar and bond yields [6]. Group 3: Market Sentiment and Future Outlook - Investors are closely monitoring upcoming U.S. Federal Reserve meeting minutes and key inflation indicators, with expectations of a dovish tone that may lead to interest rate cuts starting in September [7]. - Despite the current bearish sentiment, analysts maintain a long-term bullish outlook on gold due to geopolitical uncertainties and potential buying interest during significant price corrections [7]. - Technical analysis indicates limited upside potential for gold prices, with key support levels at $3270 and $3250, while resistance is noted at $3320 and $3350 [7].