金价盘中一度再大跌，黄金ETF持仓量创2022年以来新高

Core Viewpoint - The recent significant drop in gold prices, marking the largest single-day decline since 2013, coincides with a surge in holdings of physically-backed gold ETFs, reaching a three-year high, indicating a volatile market driven by fast-moving capital [1][3][4]. Group 1: Gold Price Movement - On Tuesday, gold prices experienced a dramatic drop of 6.3%, the largest single-day decline since 2013, raising concerns about the rapid pace of previous gains [4]. - As of Wednesday, spot gold had a daily decline of approximately 2.2%, with a closing price of $4101.67 per ounce, while COMEX gold futures rose slightly by 0.22% to $4118.20 per ounce [4]. - Despite recent declines, gold prices have increased by over 50% year-to-date, largely due to retail investors flocking to physically-backed gold ETFs as a popular means of gaining exposure to gold [4]. Group 2: ETF Holdings and Market Dynamics - The total holdings in gold ETFs reached 98.9 million ounces, the highest level since September 16, 2022, reflecting a significant increase in investor interest [4]. - Analysts note that the current gold price increase differs fundamentally from earlier this year, as central banks have not participated in the recent upward trend since September [5]. - The current surge in gold prices is accompanied by a substantial increase in ETF sizes, which are characterized by volatile, fast-moving capital, contrasting with the more stable central bank purchases seen earlier [5].