贵金属评论 _ 黄金 _ 仍是我们最看好的大宗商品多头-Precious Comment_ Gold_ Still Our Favorite Long Commodity
2025-10-09 02:00
alexandra.paulus@gs.com Goldman Sachs & Co. LLC 1 October 2025 | 7:09PM EDT Commodities Research Precious Comment: Gold: Still Our Favorite Long Commodity 1 We estimate contributions to the 14% rally since August 26 from rising Western ETF holdings of 3pp, and from rising speculative positioning of 1pp. While our nowcast for September central bank buying is not available yet, we suspect that a pick-up in central bank buying reflects a large share of the 10pp remainder of the price rally based on seasonality ...