Core Viewpoint - The People's Bank of China (PBOC) has been consistently increasing its gold reserves, reaching 73.9 million ounces by the end of June 2025, marking an increase of 70,000 ounces from the previous month, and this is the eighth consecutive month of gold accumulation [2]. Group 1: Reasons for Increasing Gold Reserves - The global political and economic landscape is complex and uncertain, especially following the policies of the Trump administration, making gold a preferred safe-haven asset [3]. - China's gold reserves as a percentage of total international reserves are relatively low compared to the global average, which is around 15%. As of December 2024, gold accounted for only 5.5% of China's official international reserves [4]. Group 2: Future Outlook - It is likely that China will continue to increase its gold reserves to promote the internationalization of the Renminbi and enhance the credibility of its sovereign currency [6]. - The ongoing global uncertainties provide motivation for the central bank to keep accumulating gold [7]. Group 3: Gold Price Trends - In the first half of this year, the London spot gold price rose by 25.7%, marking the largest half-year increase since the second half of 2007. Long-term factors such as geopolitical conflicts, a weakening dollar, and central bank purchases are expected to support further increases in gold prices [8].
打破沉默!中国央行连续8个月增持黄金!背后在下一盘大棋?
Sou Hu Cai Jing·2025-07-07 09:51