Core Viewpoint - The SPDR Gold Trust, the world's largest gold ETF, reported a total holding of 955.94 tons of gold as of August 5, 2025, reflecting an increase of 1.14 tons from the previous trading day, amidst fluctuating gold prices and expectations of potential interest rate cuts by the Federal Reserve [7]. Group 1: Gold ETF Holdings - As of August 5, 2025, SPDR Gold Trust's total gold holdings stand at 955.94 tons, up by 1.14 tons from the previous day [7]. - This marks the second consecutive day of increase in gold ETF holdings [7]. Group 2: Gold Price Movements - On August 5, spot gold prices fluctuated, reaching a low of $3349.80 per ounce and a high of approximately $3390 per ounce, closing at $3380.70, an increase of $7.23 or 0.21% [7]. - The market sentiment improved, which initially suppressed gold prices, but expectations of a 90% probability of a Federal Reserve rate cut in September supported gold prices [7]. Group 3: Economic Indicators and Market Sentiment - Following the non-farm payroll data, comments from Federal Reserve officials indicated a likelihood of more than two rate cuts, which analysts believe supports gold prices [7]. - The U.S. services PMI for July was reported at 50.1, below the expected 51.5, indicating a slowdown in the service sector and contributing to the overall market sentiment [8]. Group 4: Technical Analysis - Technically, gold is in a bullish trend but lacks confidence, trading above all moving averages, with indicators showing a loss of upward momentum [8]. - Key resistance levels for gold are identified at $3400, with potential to test the June 16 high of $3452 if surpassed [9].
黄金ETF持仓量报告解读（2025-8-6）风险情绪回暖 金价持续下探
Sou Hu Cai Jing·2025-08-06 04:35