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8月黄金ETF迎来180亿美元资金流入,中国增持黄金储备至2387吨

2026-10-04 12:45:28
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全球黄金ETF八月录得180亿美元流入,创历史第二高

据世界黄金协会(World Gold Council)数据显示,全球实物支持型黄金交易所交易基金(ETF)在八月份录得了180亿美元的资金流入,创下有记录以来的第二大月度涨幅。同期,ETF持有的黄金总量增加了121吨,达到4,189吨的历史新高。这些基金的资产管理规模(AUM)也在当月飙升16%,至6,150亿美元。



北美与欧洲引领资金流入

北美地区的黄金ETF吸纳了77亿美元的新增资产,而欧洲上市基金的需求更为强劲,录得79亿美元的流入,刷新了该地区的月度纪录。亚洲基金则增加了20亿美元的投资,反映出投资者对黄金敞口的兴趣广泛升温。

这一资本涌入帮助黄金ETF摆脱了年初的疲软态势,推动整体持仓量突破所有历史高点。具体区域数据如下:

  • 北美地区:8月流入77亿美元
  • 欧洲地区:8月流入79亿美元
  • 亚洲地区:8月流入20亿美元

这种上涨势头因金价单月上涨13%而得到放大,这是自今年一月以来最显著的涨幅。分析师指出,随着避险需求在整个八月持续攀升,美国国债市场日益加剧的压力以及对美国政府债务不断增长的担忧,促使大量投资者转向黄金。



中国延续购金趋势,储备总量升至2,387吨

作为中国的中央银行,中国人民银行在八月份购买了20.2吨黄金,这是自2023年10月以来最大的月度收购量。此举将中国官方黄金储备连续增加的月份延长至22个月,总持有量现已达到2,387吨。八月份的购买量几乎是五月份10吨增幅的两倍,使黄金在中国外汇储备中的占比提升至约9%。

尽管机构需求强劲,但中国实物黄金市场的某些板块上月仍显示出疲态。上海黄金交易所的黄金提取量在八月份降至62吨,较七月下降22%,同比下跌27%。这主要归因于金条投资需求减弱以及珠宝销售持续低迷。与此同时,在中国上市的黄金ETF增持了11吨,持仓总量现达293吨。

珠宝需求疲软与机构囤积强劲之间的反差表明,中国的黄金购买行为正越来越多地由央行和投资基金主导,而非零售消费者。



Terminology: World Gold Council

The World Gold Council is an international market development organization for the gold industry, responsible for providing data, analysis and industry standards.



The evolution of gold's role as a macro hedging tool

Recent market analysis highlights the growing appeal of gold as a hedging tool against rising government borrowing costs and economic uncertainty. Asset managers and analysts pointed out that buying behavior by institutional and official sectors is an important factor supporting gold ETF holdings reaching record highs and rising price momentum.

Coinpaper has been tracking the trend of gold becoming the asset of choice to mitigate macroeconomic risks, especially in the context of concerns about sovereign debt levels in major economies.

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