中国4月黄金进口猛增73%，创11个月新高

Core Insights - Despite record-high gold prices, China's gold imports surged by 73% month-on-month in April, reaching a total of 127.5 tons, the highest level in nearly a year [1][4] - The People's Bank of China allocated new import quotas to certain commercial banks in April to meet the strong demand for investment and safe-haven assets [1][5] - Platinum imports also hit a one-year high in April, with a total of 11.5 tons imported [1] Group 1 - The increase in gold imports occurred against a backdrop of fluctuating gold prices, which even touched $3,500 per ounce, indicating robust investor demand for gold despite high prices [4] - The central bank's allocation of new import quotas was a key factor driving the surge in imports, as it typically issues import licenses and quotas to specific designated banks [5] - Domestic investors are increasingly turning to gold to hedge against rising geopolitical uncertainties, which has been a significant driver of gold price increases earlier this year [5] Group 2 - Although there are hopes for easing trade tensions, as evidenced by the cancellation of 91% of tariffs between China and the U.S. in May, analysts suggest that the central bank's ongoing strategy of purchasing gold to diversify away from dollar assets is expected to further support gold prices [5]