投资者存在“错失恐惧”，黄金最新数据和研判来了

Core Insights - The global demand for gold has surged, reaching a record high in the third quarter, with total demand at 1,313 tons and a monetary value of $146 billion [2] - In China, retail gold investment and consumption demand fell by 7% year-on-year to 152 tons, marking the weakest performance since 2009, although the monetary value increased by 29% to approximately $16.9 billion [2][8] - The rise in gold prices has triggered a "fear of missing out" among investors, contributing to increased investment demand [5] Global Gold Demand - The World Gold Council reported that gold investment demand rose to 537 tons in the third quarter, a 47% increase year-on-year, accounting for 55% of total net demand [4] - Central banks globally accelerated gold purchases, with net purchases totaling 220 tons in the third quarter, a 28% increase from the previous quarter and a 10% increase year-on-year [5] Chinese Market Dynamics - In the third quarter, China's gold jewelry demand reached 84 tons, showing a seasonal increase of 21% but a year-on-year decline of 18% [9] - The total value of gold jewelry consumption in China was approximately $9.3 billion, with significant growth both quarter-on-quarter and year-on-year [9] - China's gold ETF market saw a net outflow of approximately $5.4 million in the third quarter, ending a three-quarter inflow trend [9] Market Outlook - The World Gold Council anticipates a seasonal improvement in gold jewelry consumption in the fourth quarter, although this may be constrained by rising gold prices and the timing of the Chinese New Year [9] - Analysts suggest that in a liquidity-friendly environment, continued inflows into ETFs will support precious metal prices, with a long-term bullish outlook for gold and silver [9]