外媒：黄金交易现分歧，全球投资者预期大不同
Foreign media: gold trading diverges as global investors'expectations vary widely
【环球网财经综合报道】6月30日，据彭博社消息，曾热衷抢购金条和金币的美国投资者如今正在抛售这些资产，另一边，亚洲投资者却持续加码买入，这表明全球的投资者对经济前景的看法截然不同。
[Global Times Comprehensive Financial Report] On 30 June, according to Bloomberg News, American investors who were keen to snap up gold bars and coins are selling these assets now. On the other hand, Asian investors continue to increase their purchases, which shows that the outlook for the economy from investors around the world is completely different.
报道称，这些美国散户投资者的行为与更广泛的市场趋势背道而驰。更富有的投资者、主权财富基金和中央银行仍在积极买入黄金这一避险资产。与此同时，亚洲黄金买家则舍弃了黄金首饰，转而购买金条和金币。
The behavior of these US retail investors runs counter to broader market trends. Wealthier investors, Sovereign Wealth Funds and central banks are still actively buying gold as a safe-haven asset. At the same time, Asian gold buyers have abandoned gold jewelry in favor of gold bars and coins.
美国市场充斥着大量金条和金币，一些贵金属经销商已将溢价降至六年来最低水平，以刺激销售。而且，投资者出售黄金时，现在还需向经销商支付手续费。贵金属经销商Money Metals Exchange目前对一盎司美国鹰金币的售价在现货价格基础上加收20美元，而四年前这一溢价为75美元。如今，投资者出售黄金时需向该在线交易平台支付约20美元手续费，而在2021年，他们出售黄金还能额外获得121美元。
The U.S. market is full of gold bars and coins, and some precious metals dealers have cut premiums to their lowest levels in six years to spur sales. Moreover, when investors sell gold, they now have to pay a fee to distributor. Precious metals distributor Money Metals Exchange charges $20 on top of the in stock price for an ounce of American Eagle gold coins currently, compared with a premium of $75 four years ago. Today, investors have to pay about $20 to the online trading platform when selling gold, and in 2021, they will get an extra $121 for selling gold.
金条和金币供过于求，导致新铸造的贵金属产品销量暴跌。以美国铸币局的美国鹰金币为例——该产品是散户需求的晴雨表——5月份销量较去年同期暴跌逾70%。
The supply exceeds demand of gold bars and coins has led to a slump in sales of newly minted precious metal products. Take the US Mint's American Eagle gold coin for example, a barometer of retail demand. Sales plunged more than 70% from the same period in May last year.
据Metals Focus数据，过去三年，北美和西欧的金条和金币需求持续下滑，而世界其他地区的需求却在上升。去年，这一差距创下自2014年有数据记录以来的最大值。该咨询公司表示，这一差距在2025年第一季度持续存在，主要是受美国市场抛售的推动。
According to data of Metals Focus, Demand for gold bars and coins has continued to decline over the past three years in North America and Western Europe, while demand in the other regions of the world has risen. Last year, the gap was the largest since records began in 2014. The consulting firm said the gap persisted in the first quarter of 2025, mainly driven by the sell-off in the U.S. market.
新加坡贵金属经销商GoldSilver Central董事总经理Brian Lan表示，缺乏其他投资选择的东南亚投资者已开始将黄金视为一种战略性资产。
Brian Lan, a Singapore-based precious metals distributor, managing director of GoldSilver Central, said investors in Southeast Asia, who lack other investment options, have begun to view gold as a strategic asset.
对于金价涨势是否已结束，华尔街银行存在分歧。高盛重申其预测，认为明年金价将达到4000美元，摩根士丹利预计今年年底金价将达到3800美元，而花旗集团则认为明年金价将跌破3000美元。（闻辉）
Wall Street banks are divided on whether the gold prices rally is over. Goldman Sachs reiterated its forecast that the price of gold will reach $4000 next year, Morgan Stanley expects the price of gold to reach $3800 by the end of this year, and Citigroup believes that the price of gold will fall below $3000 next year. (Wen Hui)
