外汇储备降至3.29万亿美元，央行连续9个月增持黄金至7396万盎司

Group 1: Foreign Exchange Reserves - As of July 2025, China's foreign exchange reserves stood at $32,922 billion, a decrease of $25.2 billion from the end of June [1] - The decline in reserves is primarily attributed to the rise in the US dollar index and the depreciation of non-dollar currencies, which affected the exchange rate conversion [1][3] - China's foreign exchange reserves have remained above $3.2 trillion for 20 consecutive months, indicating strong stability [3] Group 2: Currency Performance - In July, the US dollar index increased by 3.2%, ending a five-month decline and surpassing the 100-point mark [3] - Non-dollar currencies, including the Japanese yen, euro, and British pound, depreciated against the dollar by 4.5%, 3.2%, and 3.8% respectively [3] - The delay in the Federal Reserve's interest rate cut expectations has further strengthened the relative position of the US dollar [3] Group 3: Gold Reserves Strategy - The central bank continued to increase its gold reserves by 60,000 ounces in July, maintaining a steady accumulation strategy since November of the previous year [4] - Currently, gold accounts for approximately 7.0% of China's official international reserve assets, significantly lower than the global average of around 15%, indicating room for future increases [4] - The World Gold Council reported that 95% of surveyed central banks expect to increase their gold reserves in the next 12 months, reflecting ongoing trends in gold accumulation amid economic and geopolitical uncertainties [4]