国际金价张超2%，黄金投资需求增长主要动力

Group 1 - International precious metal futures experienced a general increase, with COMEX gold futures rising by 2.01% to $3416 per ounce, marking a weekly increase of 2.41% [1] - COMEX silver futures increased by 1.07% to $37.11 per ounce, but saw a weekly decline of 3.28% [1] Group 2 - The U.S. non-farm payroll data for July was significantly below expectations, contributing to heightened market risk aversion alongside trade protection measures and uncertainties in Federal Reserve policies [3] - China's gold consumption in the first half of 2025 is projected to be 505.21 tons, reflecting a year-on-year decrease of 3.54%, with gold jewelry consumption down by 26% to 199.83 tons, while gold bars and coins increased by 23.69% to 264.24 tons [3] - In Q2, China's gold consumption was 214.71 tons, a slight decrease of 0.06%, with gold jewelry at 65.30 tons, down 24.16%, and gold bars and coins at 126.22 tons, up 17.62% [3] - High gold prices are suppressing demand for gold jewelry, but products with strong design and high added value continue to be favored, leading to better profitability for merchants [3] Group 3 - The World Gold Council's report on global gold demand trends for Q2 2025 indicated that total global gold demand reached 1249 tons, a year-on-year increase of 3%, driven primarily by strong investment demand [3] - Although global gold jewelry demand decreased in volume, the value of global gold jewelry consumption still increased [3]