Group 1 - As of July 31, spot gold has risen above $3,300 per ounce, influenced by the Federal Reserve's decision to maintain interest rates and the extension of trade talks between the US and China [1] - The World Gold Council's analyst noted that gold prices increased by 26% in the first half of the year, outperforming most asset classes, suggesting potential price stability in the second half [1] - The negative correlation between gold and the US dollar has significantly returned, with gold prices experiencing volatility influenced by economic indicators and Federal Reserve policies [2] Group 2 - In Q2 2025, global gold demand reached 1,249 tons, a 3% year-on-year increase, driven by investment demand amid geopolitical uncertainties [3] - Central banks continued to purchase gold, with a total increase of 166 tons in Q2 2025, indicating sustained high levels of gold reserves despite a slowdown in the pace of purchases [3] - A significant majority of central banks (95%) expect to increase their gold reserves in the next 12 months, reflecting a long-term bullish outlook for gold [3] Group 3 - Investors are advised to maintain a core allocation to gold, as ongoing central bank purchases are expected to drive future price increases, with potential targets of $3,500 and $3,700 per ounce in the coming quarters [5] - The anticipated interest rate cut by the Federal Reserve is expected to reduce the opportunity cost of holding gold, further supporting its price [5]
金价反弹！两大重磅信号释放