中国需求井喷！瑞士对华黄金出口激增253% 华尔街大佬一致喊话“买黄金”
Xin Lang Cai Jing·2025-09-20 03:09

Core Insights - Swiss gold exports to China surged over three times in August 2025, reaching 35 tons, a 253% increase from July, marking the highest level since May 2024 [1] - In contrast, Swiss gold exports to the U.S. plummeted to 0.3 tons, a 99% decrease, highlighting a significant shift in global gold flows [1] - The price of gold has risen 38% this year, driven by demand for safe-haven assets and concerns over debt risks, with several Wall Street investors advocating for increased gold allocations [1][5] Swiss Gold Export Dynamics - Switzerland remains the largest gold refining and trading hub globally, with August data indicating: - Exports to China: 35 tons, up 253% month-on-month - Exports to India: 15.2 tons, up 12.6% month-on-month - Exports to the U.S.: 0.3 tons, down 99% month-on-month [1] - U.S. tariffs on Swiss gold bars, introduced in late July, disrupted the market, contributing to the sharp decline in exports to the U.S. [1] Market Drivers for Gold - The significant rise in gold prices is attributed to: - Persistent global inflation - Unsustainable U.S. debt levels - Long-term expectations of a weaker dollar - Increased demand for safe-haven assets amid geopolitical and financial risks [5] - Prominent Wall Street investors are bullish on gold, with recommendations for substantial allocations in investment portfolios [5] Implications for Chinese Investors - China has emerged as the largest incremental market for Swiss gold exports, enhancing gold's strategic role in domestic investment and wealth management [6] - The People's Bank of China has been consistently increasing its gold reserves, reinforcing confidence in gold as a "hard asset" at the national level [6] - Gold is increasingly viewed as a hedge against currency fluctuations and a means of diversifying assets amid market volatility [7] - The surge in Swiss gold export data aligns with the bullish sentiment from Wall Street, indicating a broader trend of gold re-entering the global asset allocation landscape [7]