Workflow
黄金ETF持仓量报告解读(2025-8-20)市场缺乏线索 金价低迷
Sou Hu Cai Jing·2025-08-20 04:21

Group 1 - The current total holdings of the world's largest gold ETF, SPDR Gold Trust, stand at 962.21 tons, reflecting a decrease of 3.16 tons from the previous trading day [5] - On August 19, spot gold prices remained weak, recording a drop to a low of $3314.82 per ounce and closing at $3315.55 per ounce, down $17.09 or 0.51% [5] - Market focus is on Federal Reserve Chairman Jerome Powell's speech at the Jackson Hole Economic Symposium, with expectations that he may not commit to any specific measures but will emphasize data-driven decisions [5] Group 2 - Goldman Sachs identified three main drivers of gold price movements, attributing 70% of price changes to the flows from ETFs, central banks, and speculative buyers [6] - UBS strategists have raised their forecast for spot gold prices in 2026 while maintaining the target price for this year at $3500, citing persistent favorable factors such as sticky inflation and a potential return to Fed easing policies [6] - Technical analysis indicates that gold prices are currently below all moving averages, with the 20-day simple moving average acting as dynamic resistance around $3350, while support is seen at the 100-day moving average near $3307 [6]