截至2025年12月18日，全球最大的黄金ETF——SPDR Gold Trust持仓量为1052.54吨，较前一个交易日 持平。 资讯编辑：王芳琴 021-66896877 资讯监督：乐卫扬 021-26093827 资讯投诉：陈跃进 021-26093100 免责声明：Mysteel发布的原创及转载内容，仅供客户参考，不作为决策建议。原创内容版权归Mysteel所有，转载需取得Mysteel书面授 权，且Mysteel保留对任何侵权行为和有悖原创内容原意的引用行为进行追究的权利。转载内容来源于网络，目的在于传递更多信息，方 便学习与交流，并不代表Mysteel赞同其观点及对其真实性、完整性负责。 ...

11:20 0 ··· 黄金ETF持仓报告 黄金ETF总持仓变化 更新时间:2025-12-15 1.060 1,050 1.040 1.030 1.020 1.010 2025-10-29 2025-11-19 2025-12-10 2025-10-08 EBC黄金ETF持仓报告解读 全球最大的黄金ETF SPDR Gold Trust持仓量 … 展开 ( 公布机构：美国SPDR Gold Trust 当前总持仓 1051.69 吨黄金 0 截至12月16日，全球最大的黄金ETF SPDR Gold Trust持仓量为1051.69吨，较前一个交易日维持不变。12月16日，现货黄金震荡盘整于4300美元/盎司关口 附近，在非农数据出炉之后最高曾反弹至4335美元/盎司附近，随后回落至4300美元/盎司左右，收于4302.06美元/盎司，跌3.29美元/0.08%。 基本面消息，金价周二在触及盘中高点后掉头向下，交易员消化美国最新就业报告后，黄金回吐早盘涨幅。姗姗来迟的非农就业报告显示劳动力市场疲 软，一度推动金价升至4335美元，但随后因零售销售核心指标大涨，显示消费支出强劲而有所回落。 投资者还关注美联储 ...

摘要全球最大黄金ETF--SPDRGoldTrust持仓报告显示，12月16日黄金etf持有量为1051.69吨，较上一交 易日持平。周二（12月16日)截止收盘，现货黄金报4302.28美元/盎司，跌幅0.05%，日内最高上探至 4334.84美元/盎司，最低触4271.33美元/盎司。 全球最大黄金ETF--SPDR Gold Trust持仓报告显示，12月16日黄金etf持有量为1051.69吨，较上一交易日 持平。周二（12月16日)截止收盘，现货黄金报4302.28美元/盎司，跌幅0.05%，日内最高上探至4334.84 美元/盎司，最低触4271.33美元/盎司。 【市场要闻速递】 据知情人士透露，特朗普总统拟于本周三面试另一位美联储主席人选——美联储理事克里斯托弗?沃 勒，不过有关官员提醒称遴选进程推进迅速，总统特朗普仍在权衡考量，相关会面存在延期或取消的可 能。 特朗普上周已面试前美联储理事凯文?沃什，还表示沃什与国家经济委员会主任凯文?哈塞特均为该职位 的头号人选。沃勒于2020年特朗普任期尾声获总统提名进入美联储理事会，并经参议院投票通过任命， 今年以来他成为美联储内部力主降息的核心人物， ...

Group 1 - Precious metals, including gold, silver, platinum, and palladium, are experiencing strong upward momentum, with silver prices surpassing $65 per ounce for the first time, reaching a high of $65.63 per ounce, marking a nearly 3.00% increase in a single day [1] - Platinum and palladium contracts also saw significant gains, with platinum rising by 4.00% to 512.80 yuan per gram and palladium increasing by 5.00% to 448.6 yuan per gram [1] - The gold-silver ratio has decreased to around 67.3, while the price spread between platinum and palladium has widened to approximately $240 per ounce [1] Group 2 - The current price surge in silver is supported by both supply and demand factors, with the global silver market experiencing structural shortages for the fifth consecutive year due to limited mining output and increasing demand from renewable energy and electronics sectors [2] - Expectations of loose global monetary policy and declining real yields are reducing the opportunity cost of holding non-yielding assets, attracting institutional investors seeking asset diversification and inflation hedging, creating a rare resonance between industrial and investment demand [2] - Recent U.S. labor data indicates a mixed employment situation, with non-farm payrolls increasing by 64,000 in November, surpassing expectations, but the unemployment rate unexpectedly rose to 4.6%, the highest since September 2021, indicating a relatively weak trend in the labor market [2] Group 3 - The largest gold ETF, SPDR Gold Trust, maintained its holdings at 1,051.69 tons, while the largest silver ETF, iShares Silver Trust, saw a decrease of 42.31 tons in holdings, bringing the current total to 16,018.29 tons [3]

11:32 ml 黄金ETF持仓报告 公布机构：美国SPDR Gold Trust 当前总持仓 1051.69 吨黄金 黄金ETF总持仓变化 更新时间:2025-12-15 1.060 1.050 1.040 1,030 1.020 1.010 2025-10-27 2025-11-17 2025-12-09 EBC黄金ETF持仓报告解读 SPDR Gold Trust持仓 … 全球最大黄金ETF- 展开 基本面消息，周一，金价一度触及4350美元，在重磅数据前夕，交易员获利了结令金价回吐早前涨幅，但是仍然守住4300美元/盎司关口。市场对美联储 主席人选的不确定性以及本周密集的经济数据保持谨慎。尽管美元持续疲软为黄金提供了支撑，但美国股市尾盘大幅下挫令贵金属涨势受限。 关于美联储主席人选，最新消息指出，特朗普属意的美联储主席候选人哈塞特（Kevin Hassett）因被认为与总统"过于亲近"而遭到特朗普高级顾问的反 对。这一消息引发市场对美联储独立性的担忧，拖累美股走低。与此同时，前美联储理事沃尔什（Kevin Warsh）作为替代人选的呼声开始上升。 此外，投资者在本周一系列重磅经济数据公布前保持谨慎态度 ...

全球最大黄金ETF--SPDR Gold Trust持仓报告显示，12月15日黄金etf持有量为1051.69吨，较上一交易日 减少1.43吨。周一（12月15日)截止收盘，现货黄金报4304.30美元/盎司，涨幅4.91%，日内最高上探至 4349.93美元/盎司，最低触4285.24美元/盎司。 摘要全球最大黄金ETF--SPDRGoldTrust持仓报告显示，12月15日黄金etf持有量为1051.69吨，较上一交 易日减少1.43吨。周一（12月15日)截止收盘，现货黄金报4304.30美元/盎司，涨幅4.91%，日内最高上 探至4349.93美元/盎司，最低触4285.24美元/盎司。 德国总理弗里德里希·默茨确认，乌克兰和德国签署了一项包括十点内容的计划，其中包括在柏林建立 乌克兰国防工业代表中心以及联合生产无人机等。 匈牙利外长西雅尔多15日表示，冻结俄罗斯资产并计划将其用于支持乌克兰的决定清楚表明，欧盟准备 打破所有现有规则，将欧盟拖入战争。西雅尔多表示，欧盟指责俄罗斯在欧洲制造能源危机，这完全是 谎言。能源危机并非因为俄罗斯，而是因为欧盟禁止使用俄罗斯能源。 匈牙利不认为乌克兰加入欧盟能保障 ...

行情回顾： 国际黄金周一（12月15日）高位回落维持震荡走势，开盘价4300.23美元/盎司，最高价4350.23美元/盎司，最低 价4292.01美元/盎司，收盘价4318.19美元/盎司。 米兰表示，他预计随着租金涨幅从新冠疫情期间的峰值回落至正常水平，住房通胀将会缓解。他认为，由于劳 动力市场降温，服务业通胀不太可能面临上行压力。一些服务业通胀的驱动因素，例如投资组合管理费，反映 的是统计上的异常现象，而不是消费者实际感受到的价格变化。谈到劳动力市场，米兰表示："经验表明，劳 动力市场恶化可能发生得很快，而且是非线性的，并且难以逆转。""部分原因是货币政策存在几个季度的滞后 效应，因此，正如我所主张的，更快地放松政策将适当地使我们更接近中性立场。" 美联储威廉姆斯表示，美联储上周降息的决定是正确的，但下一步行动尚难判断。威廉姆斯在新泽西州泽西市 的一场活动上对记者表示："我非常支持我们做出的决定"，即把美联储基准利率下调25个基点。展望1月27日 至28日的政策会议，他表示："我们将等待并收集所有相关数据"，目前"还为时过早，无法判断下一次货币政 策决定该怎么做"。通过缩表，美联储已基本上将银行准备金水 ...

Group 1 - The largest gold ETF, SPDR Gold Trust, saw a decrease in holdings by 1.43 tons as of December 15, bringing the total holdings to 1051.69 tons [1]

Core Insights - Precious metals, particularly gold, have shown significant performance in 2025, with the SPDR Gold Trust (GLD) achieving a 62% gain, raising questions about the sustainability of this rally [2][5] - Central banks have been major players in the gold market, purchasing 254 tonnes year-to-date through October 2025, indicating a structural demand rather than opportunistic buying [3][5] - Goldman Sachs projects gold prices to reach $4,900 per ounce by the end of 2026, driven by central bank demand and macroeconomic uncertainties [3][7] Central Bank Activity - Central banks bought 53 tonnes of gold in October 2025, with Poland contributing 16 tonnes, reflecting strategic reserve shifts rather than speculative trades [5][6] - The World Gold Council's monthly statistics are crucial for monitoring central bank purchases, as a slowdown could indicate waning confidence, while acceleration would reinforce demand [6] Investment Alternatives - The iShares Gold Trust (IAU) offers a lower expense ratio of 0.25% compared to GLD's 0.40%, making it a more cost-effective option for long-term investors [8] - Over five years, IAU has provided a 10.48% annualized return, slightly outperforming GLD's 10.30% due to lower fees, although GLD's larger asset base makes it preferable for larger trades [8]

Core Insights - Precious metals, particularly gold, have shown significant performance in 2025, with the SPDR Gold Trust (GLD) achieving a 62% gain, raising questions about the sustainability of this rally [1] - The rally is driven by structural factors, notably central bank purchases, rather than retail sentiment or inflation concerns [3] Central Bank Activity - Central banks purchased 53 tonnes of gold in October 2025, totaling 254 tonnes year-to-date, indicating a strategic shift in reserves rather than opportunistic trading [3] - Poland added 16 tonnes to its reserves, while Brazil continued its buying trend, highlighting ongoing institutional interest [3] Market Signals - Monitoring central bank statistics is crucial; a slowdown in purchases from emerging markets could indicate waning confidence, while increased buying from new entrants would reinforce demand [4] - The Federal Reserve's guidance has also influenced gold prices, with forecasts suggesting gold could reach $4,900 per ounce by the end of 2026 due to persistent demand and macroeconomic uncertainty [5] Investment Alternatives - The iShares Gold Trust (IAU) offers a lower-cost alternative to GLD, with a 0.25% expense ratio compared to GLD's 0.40%, resulting in better long-term returns for buy-and-hold investors [6] - GLD's larger asset base of $141 billion compared to IAU's $32 billion makes it more suitable for large or frequent trades [6] Future Outlook - The key macro factor for GLD's performance in the next 12 months is whether central bank buying remains above 50 tonnes monthly [7]