央行连续第9个月增持黄金，7月末外汇储备规模近3.3万亿美元

Group 1: Gold Reserves and Demand - The central bank has increased its gold reserves for the ninth consecutive month, reaching 73.96 million ounces by the end of July, with a month-on-month increase of 60,000 ounces [1][3] - Despite the continuous increase, the increment has remained low for the fifth consecutive month, indicating a cautious approach to gold purchases [3] - Global gold demand in Q2 increased by 3% year-on-year to 1,249 tons, with a significant value increase of 45% to $132 billion [5] Group 2: Central Bank Actions and Market Outlook - Central banks remain a crucial pillar of global gold demand, with official gold reserves increasing by 166 tons in Q2, although the pace of purchases has slowed [6] - UBS expects stable demand from central banks in the second half of the year but has revised its annual purchase forecast down from 950-1,000 tons to 900-950 tons [7] - The Chinese central bank is expected to continue increasing gold reserves to optimize its international reserve structure while gradually reducing U.S. Treasury holdings [8] Group 3: Foreign Exchange Reserves - As of the end of July, China's foreign exchange reserves decreased to $32,922 billion, marking a decline of $25.2 billion or 0.76%, ending a six-month upward trend [2][12] - The decline in foreign reserves is attributed to factors such as exchange rate fluctuations and changes in asset prices, with the U.S. dollar index rising by 3.2% [13][14] - The overall financial asset prices in China's foreign reserves increased, which partially offset the impact of the dollar's appreciation [15]