报告摘要►供给:2025Q2黄金总供应量同比增长3%,达到1249吨2025Q2黄金总供应量同比增长3%,达到1249吨。这主要得益于第二季度矿山产量创历史新高,达到909吨,环比增长 9%,同比增长1%。2025Q2的黄金回收量同比增长了 4%至347吨,但环比变化不大。初步估计显示,2025Q2厂商套期保值减少了7吨,不过一旦矿业公司发布季报,这一数字很可能会发生变化。►需求:2025Q2黄金...
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