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: Central Bank Gold Reserves - The central bank's gold reserves increased to 73.96 million ounces by the end of July, marking a month-on-month increase of 60,000 ounces, continuing a trend of nine consecutive months of accumulation [1][2] - Despite the increase, the gold accumulation has been at a low level for five consecutive months, indicating a cautious approach to gold purchases [2] - The World Gold Council reported a 3% year-on-year increase in global gold demand in Q2, reaching 1,249 tons, with a significant 45% increase in value to $132 billion [2] Group 2: Foreign Exchange Reserves - As of the end of July, China's foreign exchange reserves decreased to $32,922 billion, a decline of $25.2 billion or 0.76% from the end of June, ending a six-month trend of increases [1][4] - The decline in foreign reserves was attributed to factors such as exchange rate fluctuations and changes in asset prices, with the dollar index rising by 3.2% during the month [4] - The decrease in reserves was primarily driven by the appreciation of the dollar, which negatively impacted the valuation of non-dollar assets held in reserves [4][5] Group 3: Market Outlook and Trends - The global gold price remained volatile in July, with fluctuations influenced by geopolitical factors and trade agreements, peaking above $3,400 per ounce [3] - UBS Wealth Management's Chief Investment Office maintains a positive outlook on gold, projecting a target price of $3,500 per ounce, with potential for $3,800 per ounce under adverse geopolitical or economic conditions [3] - The overall financial asset prices in China's foreign reserves increased, which helped mitigate the impact of the dollar's appreciation on reserve valuations [5]