投资者存在“错失恐惧” 黄金最新数据和研判来了

Core Insights - Global gold demand surged to a record high of 1,313 tons in Q3, with a total value of $146 billion, driven by strong investment demand [1][2] - In China, retail gold investment and consumption reached 152 tons, a year-on-year decline of 7%, but the monetary value increased by 29% to approximately $169 billion, marking a historical high for Q3 [1][4] - The rise in gold prices, which peaked above $4,300 per ounce, is attributed to a weaker dollar, interest rate cuts, and inflation risks, leading to optimistic market outlooks [1][2] Global Gold Demand Trends - Investment demand for gold increased significantly, reaching 537 tons in Q3, a 47% year-on-year growth, accounting for 55% of total net demand [2] - Central banks accelerated gold purchases, with net purchases totaling 220 tons in Q3, a 28% increase from Q2 and a 10% increase year-on-year [2] Chinese Market Dynamics - The demand for gold jewelry in China fell by 19% year-on-year, with Q3 demand at 84 tons, although there was a seasonal increase of 21% quarter-on-quarter [4] - Despite the decline in volume, the monetary value of gold jewelry consumption reached approximately $93 billion, showing significant growth [4][5] - China's gold ETF market saw a reversal, with outflows of approximately $5.4 million in Q3, ending a three-quarter inflow trend [4] Future Outlook - The World Gold Council anticipates a seasonal improvement in gold jewelry consumption in Q4, although this may be constrained by rising gold prices and the timing of the Chinese New Year [5] - Analysts suggest that continued inflows into ETFs and persistent risk aversion will support precious metal prices, maintaining a bullish outlook for gold and silver in the upcoming quarters [5]