风口智库｜金价见顶了？专家最新研判：中长期看仍是上涨趋势

Group 1 - International gold prices have been fluctuating and recently experienced a significant decline, with domestic gold jewelry prices dropping to around 1,000 yuan per gram [1] - China's central bank has increased its gold reserves for seven consecutive months, reaching approximately 2,296 tons by the end of May, which is 7% of its foreign exchange reserves, lower than the global average of 15% [1] - The increase in gold reserves is seen as a strategy to enhance the renminbi's value and to mitigate risks associated with the weakening of the US dollar and geopolitical conflicts [2] Group 2 - Current geopolitical tensions, including the ongoing Russia-Ukraine conflict and renewed Middle East conflicts, are expected to elevate risk aversion and subsequently boost gold prices [4] - Analysts suggest that while there may be short-term profit-taking pressure on gold prices, the long-term trend remains upward, with recommendations for investors to allocate about 20% of their portfolios to gold assets [4] - The necessity for the central bank to pause gold purchases has decreased, while the demand for optimizing international reserve structures has increased due to changes in the global political and economic landscape [5]