隨著中央銀行加載，黃金需求達到了四年高-WGC

在2024年最後一個季度，當時特朗普贏得了美國大選，中央銀行購買黃金的購買量增長了54％，達到333噸。

World Gold Council (WGC) data showed on Friday that total gold demand rose 1% in 2024 to the highest since 2022, driven by a surge in central bank buying and a recovery in investment, while jewellery consumption fell sharply.

世界黃金委員會（WGC）的數據顯示，週五，由於中央銀行購買的激增和投資回收率的驅動，2024年的黃金需求在2024年上漲了1％，而珠寶消費量急劇下降。

Central banks bought 1,044.6 tonnes of gold last year, down slightly from a record 1,136.2 tonnes in 2023, but still among the highest levels in decades, the WGC said in its Trends in Gold Demand report.

WGC在黃金需求報告中說，中央銀行去年購買了1,044.6噸黃金，比2023年的創紀錄的1,136.2噸略微下降，但數十年來仍然是最高水平之一。

In the final quarter of 2024, when Trump won the U.S. election, buying by central banks accelerated by 54% year on year to 333 tons, the WGC calculated, based on reported purchases and an estimate of unreported buying.

在2024年的最後一個季度，當特朗普贏得美國大選時，根據報告的購買和未報告購買的估計，WGC計算得出，中央銀行的購買量增長了54％至333噸。

Overall investment demand for gold, including bars, coins and exchange-traded funds (ETFs), rose 25% to a four-year high of 1,180 tons, mainly because outflows from physically-backed gold ETFs dried up for the first time in four years.

黃金的總體投資需求，包括酒吧，硬幣和交易所貿易資金（ETF），上升了25％，達到1,180噸的四年高點，主要是因為四年來第一次流出了物理支持的黃金ETF 。

Indicating a major shift in appetite for different products, investment demand for bars rose 10%, while coin buying fell 31%.

表明對不同產品的需求發生了重大變化，對酒吧的投資需求增長了10％，而購買硬幣的投資需求下降了31％。

“In 2025, we expect central banks to remain in the driving seat and gold ETF investors to join the fray, especially if we see lower, albeit volatile interest rates,” WGC senior markets analyst Louise Street, said.

WGC高級市場分析師路易斯街說：“在2025年，我們預計中央銀行將留在駕駛席位和黃金ETF投資者加入競爭中，尤其是當我們看到較低（儘管利率降低）時。”

“Geopolitical and macroeconomic uncertainty should be prevalent themes this year, supporting demand for gold as a store of wealth and hedge against risk.”

“今年的地緣政治和宏觀經濟不確定性應該是普遍的主題，支持對黃金的需求作為財富和對沖風險的存儲。”

Total gold demand, excluding opaque OTC trading, rose 1% to 4,553.7 tons last year, the highest since 2022, the WGC said. It estimates that OTC demand fell 7% due to a slump in the final quarter of the year as profit-taking offset persistent demand from high-net-worth investors.

WGC表示，不超出不透明的OTC交易的總黃金需求，去年增長了1％至4,553.7噸，是2022年以來最高的。它估計，由於高淨值投資者的盈利抵消持續需求，一年中最後一個季度下一個季度下降了7％。

Gold jewellery consumption, the biggest category of physical demand, fell 11% in 2024, while mine production was steady and recycling rose 15%.

黃金珠寶的消費量是最大的物理需求類別，在2024年下降了11％，而礦山的產量穩定，回收利用15％。

The WGC expects jewellery demand to remain under pressure and recycling to rise further this year due to high prices.

WGC預計，由於價格高，珠寶需求將保持壓力和回收利用，今年將進一步上升。