Group 1 - The current total holdings of the world's largest gold ETF, SPDR Gold Trust, stand at 984.26 tons, reflecting a decrease of 6.3 tons from the previous trading day [5] - On September 3, spot gold prices rose for the seventh consecutive day, reaching a peak of $3,578.59 per ounce, marking a historical high, and closing at $3,559.03 per ounce, an increase of $25.68 or 0.73% [5] - The reduction in gold ETF holdings after a period of accumulation may indicate that some investors are choosing to take profits at high levels [5] Group 2 - A global sell-off of government bonds is occurring, with U.S., U.K., Italy, France, and Japan's bonds under pressure, leading to a rise in the U.S. 30-year bond yield by 5.3 basis points to 4.97% [5] - Concerns over the fiscal situation in the U.K. and rising political tensions in Japan are driving funds towards traditional safe-haven assets like gold and the U.S. dollar [5] - Investor worries regarding the independence of the Federal Reserve are also contributing to the surge in gold prices [5] Group 3 - The expectation of interest rate cuts by the Federal Reserve is continuously pushing gold prices higher, with Fed Governor Waller suggesting that rate cuts should begin this month and continue in the following months, depending on future economic data [5] - Recent labor market data shows that U.S. job vacancies fell to a 10-month low, indicating a gradual weakening in hiring demand, which reinforces expectations for a rate cut in September [6] - Technical analysis indicates that while the relative strength index (RSI) is showing overbought conditions, bullish momentum remains strong, with key resistance and support levels identified for gold prices [6]
黄金ETF持仓量报告解读（2025-9-4）避险情绪大幅推升金价
Sou Hu Cai Jing·2025-09-04 06:14