黄金ETF持仓报告解读（2026-2-13）黄金遭遇猛烈抛售 金价日内暴跌

Core Viewpoint - The SPDR Gold Trust, the world's largest gold ETF, reported a significant decrease in holdings, dropping by 5.14 tons to a total of 1076.18 tons as of February 12, 2026, amid a sharp decline in gold prices due to algorithmic trading sell-offs and profit-taking by investors [5]. Group 1: Market Dynamics - On February 12, spot gold prices experienced a drastic drop, reaching a low of $4882.04 per ounce before closing at $4920.88, marking a decline of $163.65 or 3.22% [5]. - The sell-off in gold and silver was attributed to concerns over the viability of massive AI investments, leading to a downturn in U.S. tech stocks and prompting investors to liquidate positions in commodities for liquidity [5]. - The market is closely watching the upcoming U.S. Consumer Price Index (CPI) report, which is expected to show a year-on-year increase of 2.5%, as this data could influence the Federal Reserve's interest rate decisions [6]. Group 2: Technical Analysis - The overall trend for gold remains optimistic as long as prices stay above the 50% Fibonacci retracement level, with current prices above all moving averages [7]. - Short-term resistance for gold is identified at $5092.00 per ounce, with a subsequent target at $5598.25 per ounce. A sustained breakthrough of the first resistance level could lead to further upward movement [8]. - On the downside, maintaining above the psychological level of $5000 and the 100-period simple moving average is crucial; a drop below this area could increase downward pressure, with the next support level near $4850 [8]. Group 3: Analyst Outlook - Despite recent setbacks, many analysts expect gold to regain upward momentum, citing ongoing factors such as geopolitical tensions and a shift from traditional assets to alternative investments [6]. - JPMorgan Private Bank forecasts gold prices could reach between $6000 and $6300 per ounce by the end of the year, with Deutsche Bank and Goldman Sachs also maintaining bullish views [6].