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

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 does not in itself mean gold will rise significantly, as it depends on real interest rates, the U.S. dollar, growth expectations, demand from Asian investors, and the response of central banks.

Global gold ETFs attracted $3 billion in inflows in July, reversing two consecutive months of outflows and bringing 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)