Core Insights - The current total holdings of the SPDR Gold Trust, the world's largest gold ETF, stand at 1,041.43 tons, reflecting a decrease of 2.57 tons from the previous trading day [5] - Gold prices have continued to decline, influenced by a stronger US dollar and reduced expectations for interest rate cuts by the Federal Reserve [5] - The market is experiencing a shift in demand for gold as a safe-haven asset due to easing global trade tensions and the end of government shutdowns [5] Gold ETF Holdings - As of November 17, the SPDR Gold Trust's holdings were reported at 1,041.43 tons, down from previous levels [5] - The decline in holdings correlates with a drop in gold prices, which fell to around $4,000 per ounce before recovering slightly to close at $4,045.50 [5] Market Dynamics - Gold prices have been under pressure due to a strong US dollar and diminishing expectations for a December interest rate cut, with the probability dropping from 94% to 44% [5] - The Federal Reserve's stance on interest rates is becoming more hawkish, which may continue to impact gold prices negatively in the short term [6] Technical Analysis - The gold market is currently showing a range-bound pattern, with key support around $4,043 and resistance at $4,100 [7] - If gold prices break below the $4,040-$4,050 range, they may revisit the previous range of $3,900-$4,050 [7] - The Relative Strength Index (RSI) indicates that sellers are currently dominant, while the MACD shows signs of losing bearish momentum [7]
黄金ETF持仓量报告解读（2025-11-18）金价震荡反弹 来到4100关口
Sou Hu Cai Jing·2025-11-18 04:22