世界黄金协会：金价7月持平，未来走势取决于实际利率、美元及央行应对

Odaily Planet Daily News: The World Gold Council stated that in July, positive momentum factors offset negative risk factors, keeping gold prices flat for the month. Looking ahead, a second wave of high inflation similar to that of the late 1970s cannot be ruled out. However, this alone does not necessarily mean gold will surge significantly; it depends on real interest rates, the U.S. dollar, growth expectations, demand from Asian investors, and how central banks respond.

Global gold ETFs attracted $3 billion in inflows in July, reversing two consecutive months of outflows and pushing total assets under management to $530 billion; holdings increased by 23 tonnes to 4,068 tonnes. Gold market liquidity continued to ease, with average daily trading volume falling to $356 billion per day, down 3.5% month-on-month. Europe led the recovery in the gold market in July, attracting $2 billion in inflows, while Asia added $616 million in inflows, remaining the largest contributor to global ETF market inflows year-to-date. (Jin Shi)