黄金需求趋势 2014 年全年 2015 年 2 月 www.gold.org 2014 年黄金总需求为 3,923.7 公吨 金饰需求量为 2,152.9 公吨, 同比下降 10%, 但是比五年来的平均水平高出 5% 虽然金条和金币与 2013 年创纪录的需求相比, 有所下降, 但投资上涨了 2%, 达到 904.6 公吨 ; 央行购入 477.2 公吨, 接近其 50 年来的历史最高水平 持续的更新换代导致用于科技的黄金下滑至 389.0 公吨, 创 11 年来的新低 供应总量保持平稳 : 虽然矿产产量达到创纪录的 3,114.4 公吨, 但再生金却缩减至七年来的最低值 阅读更多 2014 20132014 目录 02 03 05 05 06 2014 08 08 10 13 14 15 17 26 409.3 撰稿人 Louise Street louise.street@gold.org 477.2 885.4 904.6 389.0 408.2 2,152.9 2,384.6 2014 2013 Krishan Gopaul krishan.gopaul@gold.org Alistair Hewitt alistair.hewitt@gold.org Marcus Grubb marcus.grubb@gold.org
执行概要 2014 底黄金市场完美收尾 : 第 4 季度需求量从 930.0 公吨增长至 987.5t 公吨 ( 增加了 6%) 年总量为 3,923.7 公吨, 同比下降了 4% 这一点不足为奇, 因为 2014 年的消费者需求量不可能达到 2013 年的历史记录 前几个季度的同比情况受到 2013 年金饰 金条和金币旺盛需求势头的影响 总供应量为 4,278.2 公吨, 几乎未发生变化 ; 再生金供应量的进一步下降被金矿产量的增加所抵消 2014 14% 2013 6 1 20144 2013 4 2014 4 5 % 2013 4 2014 4 5 % 566.9 575.0 527.6 1 23,262 22,209 24,092-5 98.1 95.5 107.9-3 4,024 3,688 4,929-8 180.0 198.0 341.9 10 7,383 7,646 15,997 4 360.9 282.8 344.9-22 14,808 10,924 16,055-26 ETF -181.0-84.9-3.0 - -7,425-3,278-58 - 85.0 119.1 92.8 40 3,488 4,599 4,454 32 930.0 987.5 1,070.1 6 38,156 38,142 49,472 0 GFMS 黄金需求趋势 2014 年全年
金饰需求下降, 但印度和美国的强势需求提供了支持 2014 575.0 2013 1% 2,152.9 10% 5% 2014 662.1 8% 2014 179.12013 19% 2000 201337% 1 2013 12 31100 230 210 190 170 0.1% 14.0% 2.2% 2.6% 8.9% 82.8% 150 130 110 90 12 3 6 9 12 2014 02_03
2009 2014 132.4 2000 2006 360 177,200 1 2,000-2,500 100 22009 3,000 2,500 2,000 1,500 1,000 500 0 2000 2002 2004 2006 2008 2010 2012 2014 2013 1,000 1 2013 黄金需求趋势 2014 年全年
1,000 2015 中央银行助推黄金需求的增长 2014477.2 CIS 173 1,200 12% 2014 48 19 掘金人的不懈努力, 使开采量达到新高 2014 2% 3,114.4 2015 04_05
基础设施不断改变以适应千变万化的黄金需求 2014 2014 (OTC) 2 2014 5MMTC-PAMP 3 2014 35 2 2015 1 3 Metallis Consulting 黄金需求趋势 2014 年全年
3 1,400 1,200 1,000 800 600 400 200 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 1071% 2014 54% 200533% 06_07
全球黄金市场 2014 检讨 金饰 2 2014 2013 2 42007 10% 2,152.9 2,053.0 2014662.14 19% 10 11 80:20 121 10% 175 2014 2015 2014 623.5 33% 2013 4 2012 1% 590.7 6% 2015 2014 12 1 Gem-set 18k 2015 4 http://corporate.chowtaifook.com/en/ir/reports/ir2015.pdf 黄金需求趋势 2014 年全年
38 32 16.3 12% 10 4% 2014 68.2 7% -10% 62-752009 69.5 2013 18% 10 4 2004 2013 8% 18k 2011 3% 2015 9% 132.420092003 13% 2014 10k 14k 18% 27.6 K 4% 70.6 08_09
投资 2014904.62013 885.42% ETF2013 40% 2013 2014 2013 4 2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 2000 2002 2004 2006 2008 2010 2012 2014 2013 黄金需求趋势 2014 年全年
ETF 2013 880.0 159.0t ETF ETF ETF 100t 10/11 2015 ETF 6090% COMEX11 18% 1,259.1t2013 1,071.3 OTC 190.1 5 ETF 2014 3,000 2,500 2,000 1,500 1,000 500 0 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2,000 1,800 1,600 1,400 1,200 1,000 800 600 400 200 0 2014 ETF880.0 159.0 10_11
2014 50%180.6 2013 4 51% 72% chi 1.6 200620127 2013 54.810 2.1 46% 41.7 23% 2005 20% 46.7 100 20012007 22.4 220.02013 18% 240-375 16% 2008-2011 ETF 11 2011 5 5 https://www.degussa-goldhandel.de/en/documents/141223pressreleasedegussa-goldrecordsalesgermanynovember.pdf 黄金需求趋势 2014 年全年
各国央行 2014 4772013 409 17% 20012544 50 12 173 2014 36%2014 4848 10 6 24 44% CBGA 6.8 7 6 2014 50 40 30 20 10 0-10 1 3 5 7 9 11 477 50 173 2015 2 IMF IFS 6 14.5IMF 7 2014 5 19202014 9 27 2015 1 http://www.gold.org/reserve-asset-management/central-bank-gold-agreements. 12_13
科技 389 2003 5% 267.310 4% 2015 8 20146% 87.5-6% 2013 34.2 7 600 500 400 300 200 100 0 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 8 SIA 201410% 3360www.semiconductors.org 黄金需求趋势 2014 年全年
供应 2%1113.4 1091.0 4,278.2 2014 145 140 3,114.4 2015 2008 10 20134.7% 20012011 2% 20112013 2014 Goldcorp s Cerro Negro 2014 Kibali Endeavour Mining s Agbaou 42.1 2015 1,121.72013 11% 2008 14_15
2015 2015 8 2007 5,000 4,000 3,000 2,000 1,000 0-1,000 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 1,121.73,114.4 2 4,278.2 黄金需求趋势 2014 年全年
黄金需求统计数据 2 2013 2014 2013 1 2013 2 2013 3 2013 4 2014 1 2014 2 2014 3 2014 4 2014 4 2013 4 % 2,384.6 2,152.9 546.4 704.6 566.7 566.9 564.1 494.3 519.5 575.0 1 408.2 389.0 103.5 103.5 103.1 98.1 96.1 99.8 97.6 95.5-3 279.1 267.3 70.9 69.9 71.0 67.2 65.4 69.0 67.0 65.9-2 92.8 87.5 23.7 24.1 23.1 21.9 22.1 22.0 22.2 21.3-3 36.3 34.2 8.9 9.5 9.0 8.9 8.6 8.9 8.4 8.3-7 885.4 904.6 283.9 229.2 192.4 180.0 279.4 224.8 202.5 198.0 10 1,765.4 1,063.6 460.5 631.4 312.6 360.9 281.9 263.5 235.4 282.8-22 1,385.0 807.8 355.2 501.9 255.6 272.3 222.6 203.0 178.1 204.1-25 276.6 178.5 74.5 91.2 41.1 69.8 45.2 43.5 32.8 56.9-18 103.8 77.4 30.8 38.4 16.0 18.8 14.1 17.0 24.5 21.8 16 ETF * -880.0-159.1-176.5-402.2-120.2-181.0-2.6-38.7-32.9-84.9-409.3 477.2 130.8 92.1 101.5 85.0 124.3 117.8 116.1 119.1 40 4,087.6 3,923.7 1,064.6 1,129.3 963.6 930.0 1,063.8 936.7 935.6 987.5 6 1,411.2 1,266.4 1,631.8 1,414.8 1,326.3 1,276.2 1,293.1 1,288.4 1,281.9 1,201.4-6 * GFMS The London Gold Market Fixing Ltd 3 2013 2014 2013 1 2013 2 2013 3 2013 4 2014 1 2014 2 2014 3 2014 4 2013 2014 4 4 % 108,197 87,659 28,665 32,052 24,163 23,262 23,453 20,476 21,411 22,209-5 18,520 15,837 5,430 4,708 4,396 4,024 3,994 4,135 4,022 3,688-8 12,661 10,883 3,719 3,181 3,028 2,758 2,720 2,857 2,760 2,546-8 4,212 3,562 1,242 1,097 986 899 918 911 914 821-9 1,646 1,391 469 430 382 366 357 367 348 321-12 40,173 36,830 14,895 10,423 8,203 7,383 11,614 9,311 8,345 7,646 4 80,100 43,307 24,157 28,720 13,331 14,808 11,721 10,915 9,702 10,924-26 62,840 32,890 18,635 22,828 10,899 11,173 9,256 8,409 7,340 7,882-29 12,549 7,267 3,907 4,148 1,751 2,866 1,881 1,801 1,352 2,199-23 4,712 3,151 1,614 1,745 681 770 584 705 1,010 843 9 ETF * -39,927-6,477-9,261-18,297-5,128-7,425-107 -1,604-1,357-3,278-18,572 19,429 6,863 4,187 4,326 3,488 5,166 4,879 4,784 4,599 32 185,461 159,754 55,854 51,371 41,089 38,156 44,227 38,801 38,562 38,142 0 * GFMS The London Gold Market Fixing Ltd 16_17
4 2013 2014 2013 1 2013 2 2013 3 2013 4 2014 1 2014 2 2014 3 2014 4 2014 4 2013 4 % 885.4 904.6 283.9 229.2 192.4 180.0 279.4 224.8 202.5 198.0 10 1,765.4 1,063.6 460.5 631.4 312.6 360.9 281.9 263.5 235.4 282.8-22 1,385.0 807.8 355.2 501.9 255.6 272.3 222.6 203.0 178.1 204.1-25 276.6 178.5 74.5 91.2 41.1 69.8 45.2 43.5 32.8 56.9-18 103.8 77.4 30.8 38.4 16.0 18.8 14.1 17.0 24.5 21.8 16 ETF -880.0-159.1-176.5-402.2-120.2-181.0-2.6-38.7-32.9-84.9-2 185.9 354.6-15.2-187.8 160.2 228.7-33.4 124.6 133.6 129.7-43 1,071.3 1,259.1 268.7 41.3 352.6 408.6 246.0 349.4 336.1 327.6-20 48,606 51,266 14,097 1,880 15,035 16,766 10,225 14,474 13,852 12,655-25 1 * 2 GFMS The London Gold Market Fixing Ltd 5 2013 2014 2013 4 2014 1 2014 2 2014 3 2014 4 2014 4 2013 4 % 1,411.2 1,266.4 1,276.2 1,293.1 1,288.4 1,281.9 1,201.4-6 1,063.8 952.8 937.8 943.5 939.7 967.0 960.3 2 903.8 768.1 789.2 781.1 765.4 767.6 758.2-4 42,090.3 37,205.9 37,072.3 37,107.5 36,831.5 37,668.3 37,189.5 0 4,410.4 4,297.5 4,107.1 4,271.1 4,228.9 4,282.4 4,407.4 7 /10 26,440.2 24,835.1 25,452.4 25,671.6 24,777.9 24,970.8 23,899.0-6 279.2 250.8 250.0 253.7 258.1 254.1 237.3-5 86.0 89.0 82.8 92.0 87.5 89.1 87.2 5 The London Gold Market Fixing Ltd Datastream 黄金需求趋势 2014 年全年
6 2013 2014 2013 1 2013 2 2013 3 2013 4 2014 1 2014 2 2014 3 2014 4 2014 4 2013 4 % 3,050.7 3,114.4 690.2 737.9 802.1 820.5 715.7 742.2 830.7 825.8 1-39.3 42.1-10.7-17.9-5.4-5.2 8.1 55.3-6.3-15.0-3,011.4 3,156.5 679.5 720.0 796.7 815.3 723.8 797.5 824.4 810.8-1 1,262.0 1,121.7 363.0 263.3 337.5 298.2 304.1 266.5 270.9 280.2-6 4,273.4 4,278.2 1,042.5 983.3 1,134.2 1,113.4 1,027.9 1,064.0 1,095.3 1,091.0-2 2,384.6 2,152.9 539.5 746.4 577.1 521.7 561.6 497.0 545.5 548.8 5 408.2 389.0 103.5 103.5 103.1 98.1 96.1 99.8 97.6 95.5-3 2,792.8 2,541.9 643.0 849.9 680.2 619.8 657.7 596.8 643.1 644.3 4 1,765.4 1,063.6 460.5 631.4 312.6 360.9 281.9 263.5 235.4 282.8-22 ETF 2-880.0-159.1-176.5-402.2-120.2-181.0-2.6-38.7-32.9-84.9-3 409.3 477.2 130.8 92.1 101.5 85.0 124.3 117.8 116.1 119.1 40 4,087.6 3,923.7 1,057.7 1,171.1 974.0 884.7 1,061.3 939.3 961.7 961.3 9 4 185.9 354.6-15.2-187.8 160.2 228.7-33.4 124.6 133.6 129.7-43 4,273.4 4,278.2 1,042.5 983.3 1,134.2 1,113.4 1,027.9 1,064.0 1,095.3 1,091.0-2 1,411.2 1,266.4 1,631.8 1,414.8 1,326.3 1,276.2 1,293.1 1,288.4 1,281.9 1,201.4-6 1 2 2 3 Delta 4 GFMS The London Gold Market Fixing Ltd GFMS 18_19
7 2013 4 2014 1 2014 2 2014 3 2014 4 2014 114 119 202 204 244 769 17 21 16 18 21 77 2 3 3 2 2 9 133 143 221 224 267 855 1 2 GFMS 8 40 2014 12 % 1 8,133.5 73% 2 3,384.2 68% 3 2,814.0-4 2,451.8 67% 5 2,435.4 66% 6 1,208.2 12% 7 1,054.1 1% 8 1,040.0 8% 9 765.2 2% 10 612.5 55% 11 557.7 7% 12 529.1 16% 13 503.2 27% 14 423.6 4% 15 382.5 75% 16 367.6 69% 17 322.9 2% 18 310.3 11% 19 286.8 22% 20 281.6 22% % 21 280.0 43% 22 227.4 35% 23 195.1 10% 24 191.8 26% 25 173.6 4% 26 152.4 4% 27 127.4 2% 28 125.7 8% 29 125.2 10% 30 122.7 2% 31 116.6 5% 32 112.4 70% 33 111.0-34 104.4 1% 35 103.7 9% 36 102.9 4% 37 89.8 5% 38 79.9 6% 39 79.0 9% 40 78.1 3% http://www.gold.org/government_affairs/gold_reserves/ IMF IFS 黄金需求趋势 2014 年全年
9 20144/ 20134 20144 20144 2013 4% 150.7 68.0 218.7 179.1 44.1 223.2 19-35 2 205.9 63.2 269.1 150.0 46.9 196.9-27 -26-27 193.4 61.4 254.8 138.5 45.0 183.5-28 -27-28 10.6 0.6 11.1 9.6 0.7 10.4-9 29-7 1.9 1.3 3.2 1.8 1.2 3.0-7 -8-7 4.2 0.8 5.0 3.7-3.0 0.7-12 - -86 9.4 6.5 15.9 8.5 2.4 10.9-9 -63-31 2.0 1.5 3.4 2.4 1.8 4.2 21 24 22 0.6 32.3 32.9 0.6 17.5 18.1 4-46 -45 2.2 15.7 17.9 2.3 13.3 15.6 5-15 -13 36.4 12.3 48.7 37.4 9.8 47.2 3-20 -3 11.2 4.1 15.3 12.1 3.3 15.4 8-20 1 9.9 3.6 13.5 11.0 2.7 13.7 12-25 2 10.8 3.6 14.4 9.8 3.0 12.8-9 -17-11 4.6 1.0 5.6 4.5 0.9 5.3-2 -17-4 7.0 26.6 33.6 14.0 20.9 34.9 100-21 4 21.2-21.2 18.5-18.5-13 - -13 47.9 15.0 62.9 53.9 13.2 67.2 13-12 7 24.1 64.4 88.5 25.5 65.3 90.8 6 1 3 10.2-10.2 9.6-9.6-6 - -6 13.9-13.9 15.9-15.9 14-14 - 0.9 0.9-0.9 0.9-6 6-27.8 27.8-32.6 32.6-17 17-14.3 14.3-11.6 11.6 - -18-18 - 21.5 21.5-20.2 20.2 - -6-6 511.4 306.3 817.7 495.8 232.4 728.2-3 -24-11 55.5 54.6 110.2 79.2 50.4 129.6 43-8 18 566.9 360.9 927.9 575.0 282.8 857.8 1-22 -8 GFMS 20_21
10 20144/ 20134 20144 20144 2013 4% 6,183 2,790 8,973 6,918 1,703 8,621 12-39 -4 8,448 2,594 11,042 5,792 1,813 7,605-31 -30-31 7,935 2,518 10,453 5,350 1,739 7,089-33 -31-32 433 23 456 373 28 401-14 21-12 80 53 133 70 46 116-13 -13-13 172 33 205 143-116 27-17 - -87 384 267 650 328 93 421-14 -65-35 80 59 140 91 70 160 13 17 15 23 1,327 1,350 22 678 700-2 -49-48 90 644 734 89 514 603-2 -20-18 1,493 505 1,998 1,444 380 1,824-3 -25-9 460 168 628 467 127 595 2-24 -5 404 148 552 425 105 530 5-29 -4 443 147 590 379 115 493-15 -22-16 187 42 229 173 33 206-7 -22-10 287 1,089 1,377 541 808 1,348 88-26 -2 868-868 715-715 -18 - -18 1,966 616 2,582 2,084 511 2,595 6-17 0 989 2,643 3,632 986 2,523 3,509 0-5 -3 419-419 372-372 -11 - -11 570-570 614-614 8-8 - 35 35-35 35-0 0-1,141 1,141-1,259 1,259-10 10-585 585-450 450 - -23-23 - 882 882-779 779 - -12-12 20,982 12,568 33,550 19,151 8,976 28,127-9 -29-16 2,279 2,240 4,520 3,058 1,948 5,006 34-13 11 23,262 14,808 38,070 22,209 10,924 33,133-5 -26-13 GFMS The London Gold Market Fixing Ltd 黄金需求趋势 2014 年全年
11 4/ 20134 12 20144 12 % 612.7 362.1 974.8 662.1 180.6 842.7 8-50 -14 989.0 394.9 1,383.9 667.3 200.2 867.5-33 -49-37 927.9 383.9 1,311.8 623.5 190.1 813.6-33 -50-38 53.7 2.8 56.5 36.8 2.4 39.1-31 -16-31 7.5 8.2 15.6 7.0 7.8 14.8-6 -5-5 17.6 3.7 21.3 16.3 1.6 17.9-8 -57-16 45.2 43.1 88.3 39.8 12.0 51.8-12 -72-41 9.7 7.0 16.7 9.4 7.1 16.5-3 1-1 7.3 158.1 165.4 6.1 77.6 83.6-17 -51-49 12.2 84.8 97.0 12.7 56.4 69.1 4-33 -29 189.4 53.9 243.4 174.1 41.7 215.7-8 -23-11 59.0 17.8 76.8 53.3 14.6 67.9-10 -18-12 45.3 16.3 61.6 45.0 10.8 55.8-1 -33-9 62.7 14.9 77.6 55.6 12.6 68.2-11 -16-12 22.5 4.9 27.4 20.2 3.6 23.8-10 -26-13 73.3 102.1 175.4 68.2 54.8 123.0-7 -46-30 73.3-73.3 70.6-70.6-4 - -4 122.0 67.5 189.5 132.4 46.7 179.2 9-31 -5 43.6 269.4 313.0 46.4 220.0 266.4 6-18 -15 20.2-20.2 18.8-18.8-7 - -7 23.4-23.4 27.6-27.6 18-18 - 1.9 1.9-2.2 2.2-16 16-116.9 116.9-101.4 101.4 - -13-13 - 67.0 67.0-46.5 46.5 - -31-31 - 83.7 83.7-70.0 70.0 - -16-16 2,195.3 1,546.7 3,742.0 1,905.2 898.7 2,804.0-13 -42-25 189.3 218.7 408.1 247.7 164.9 412.6 31-25 1 2,384.6 1,765.4 4,150.1 2,152.9 1,063.6 3,216.6-10 -40-22 GFMS 22_23
12 4/ 20134 12 20144 12 % 27,985 16,717 44,702 26,909 7,356 34,265-4 -56-23 44,775 18,472 63,247 27,225 8,164 35,389-39 -56-44 41,998 17,965 59,963 25,443 7,751 33,194-39 -57-45 2,434 127 2,561 1,496 96 1,591-39 -25-38 344 380 724 286 318 604-17 -16-17 799 143 942 664 76 739-17 -47-21 2,073 1,954 4,027 1,623 490 2,113-22 -75-48 452 317 769 382 289 671-15 -9-13 349 7,331 7,680 250 3,164 3,413-28 -57-56 567 3,826 4,393 519 2,298 2,817-8 -40-36 8,673 2,423 11,097 7,107 1,698 8,805-18 -30-21 2,680 807 3,488 2,174 595 2,769-19 -26-21 2,070 719 2,789 1,833 441 2,274-11 -39-18 2,901 677 3,578 2,277 513 2,790-22 -24-22 1,022 220 1,242 824 148 972-19 -33-22 3,350 4,723 8,073 2,784 2,214 4,997-17 -53-38 3,309-3,309 2,872-2,872-13 - -13 5,370 3,123 8,492 5,331 1,899 7,229-1 -39-15 1,898 12,121 14,019 1,849 8,926 10,775-3 -26-23 886-886 753-753 -15 - -15 1,012-1,012 1,096-1,096 8-8 - 83 83-87 87-5 5-5,241 5,241-4,107 4,107 - -22-22 - 3,036 3,036-1,892 1,892 - -38-38 - 3,762 3,762-2,841 2,841 - -24-24 99,600 71,151 170,751 77,513 36,575 114,087-22 -49-33 8,542 9,866 18,407 10,037 6,687 16,724 18-32 -9 108,142 81,016 189,158 87,550 43,262 130,811-19 -47-31 GFMS The London Gold Market Fixing Ltd 黄金需求趋势 2014 年全年
13 ETF * ETF 2005 2,721 418 208 440-663 3,124 38.9 6.0 3.0 6.3-9.5 44.6 2006 2,302 430 260 472-365 3,098 44.7 8.3 5.1 9.2-7.1 60.1 2007 2,425 438 253 478-484 3,110 54.2 9.8 5.7 10.7-10.8 69.5 2008 2,306 918 321 465-235 3,774 64.7 25.7 9.0 13.0-6.6 105.8 2009 1,816 832 623 414-34 3,652 56.8 26.0 19.5 13.0-1.0 114.2 2010 2,030 1,222 382 470 77 4,181 79.9 48.1 15.0 18.5 3.0 164.6 2011 2,030 1,569 185 458 457 4,699 102.6 79.3 9.4 23.1 23.1 237.4 2012 2,004 1,343 279 416 544 4,585 107.5 72.1 15.0 22.3 29.2 246.0 2013 2,385 1,765-880 408 409 4,088 108.2 80.1-39.9 18.5 18.6 185.5 2014 2,153 1,064-159 389 477 3,924 87.7 43.3-6.5 15.8 19.4 159.8 20084 572 355 95 97-12 1,107 14.6 9.1 2.4 2.5-0.3 28.3 20091 351 168 465 89-62 1,011 10.3 4.9 13.6 2.6-1.8 29.5 20092 446 226 68 103 9 852 13.2 6.7 2.0 3.1 0.3 25.3 20093 495 220 43 108 10 876 15.3 6.8 1.3 3.3 0.3 27.0 20094 525 218 47 113 10 913 18.5 7.7 1.7 4.0 0.4 32.3 20101 532 251 6 115 58 963 19.0 9.0 0.2 4.1 2.1 34.3 20102 419 313 296 117 14 1,158 16.1 12.1 11.4 4.5 0.5 44.6 20103 514 316 50 121 23 1,024 20.3 12.4 2.0 4.8 0.9 40.4 20104 565 342 30 117-17 1,036 24.8 15.0 1.3 5.1-0.8 45.5 20111 565 409-61 116 137 1,166 25.2 18.2-2.7 5.2 6.1 52.0 20112 506 346 54 119 66 1,092 24.5 16.7 2.6 5.8 3.2 52.9 20113 466 442 87 117 141 1,253 25.5 24.2 4.8 6.4 7.7 68.6 20114 493 373 104 105 113 1,188 26.8 20.2 5.7 5.7 6.1 64.5 20121 508 353 53 108 118 1,140 27.6 19.2 2.9 5.9 6.4 62.0 20122 464 301 0 105 164 1,033 24.0 15.6 0.0 5.4 8.5 53.5 20123 482 308 138 104 112 1,144 25.6 16.4 7.3 5.5 6.0 60.8 20124 550 381 88 98 150 1,267 30.4 21.1 4.9 5.4 8.3 70.2 20131 546 460-177 104 131 1,065 28.7 24.2-9.3 5.4 6.9 55.9 20132 705 631-402 104 92 1,129 32.1 28.7-18.3 4.7 4.2 51.4 20133 567 313-120 103 101 964 24.2 13.3-5.1 4.4 4.3 41.1 20134 567 361-181 98 85 930 23.3 14.8-7.4 4.0 3.5 38.2 20141 564 282-3 96 124 1,064 23.5 11.7-0.1 4.0 5.2 44.2 20142 494 263-39 100 118 937 20.5 10.9-1.6 4.1 4.9 38.8 20143 520 235-33 98 116 936 21.4 9.7-1.4 4.0 4.8 38.6 20144 575 283-85 95 119 987 22.2 10.9-3.3 3.7 4.6 38.1 * GFMS The London Gold Market Fixing Ltd 24_25
注释和定义 ETF Gold Bullion Securities Gold Bullion Securities SPDR Gold Shares streettracks Gold SharesNewGold Gold Debentures ishares Comex Gold Trust ZKB Gold ETF GOLDIST ETF Securities Physical Gold ETF Securities ETF Securities XETRA-GOLD Julius Baer Physical Gold Swiss Gold ishares Gold Bullion Fund Claymore Gold Bullion ETFSprott Physical Gold Trust ETF Securities Glitter Mitsubishi Physical Gold ETF ishares Gold CH Delta OTC 1,000 32,151 99% ETF GFMS GFMS@thomsonreuters.com 黄金需求趋势 2014 年全年
2014 GFMS The London Gold Market FixingThe London Gold Market Fixing LimitedLondon Gold Market Fixing Limited (1) (2) 用于生产这种纸的纸浆不含元素氯 (ECF) 造纸厂和印刷厂均通过 ISO14001 环保标准认证 I097201502
World Gold Council 10 Old Bailey, London EC4M 7NG 英国 电子邮件 marketintelligence@gold.org 电话 +44 20 7826 4700 传真 +44 20 7826 4799 网站 www.gold.org 发布日期 :2015 年 2 月