央行连续9个月增持黄金！年内超661亿元资金净流入黄金ETF、黄金ETF基金

Group 1 - The People's Bank of China has increased its gold reserves for nine consecutive months, reflecting a global trend of central banks increasing gold holdings [1] - In 2024, global central banks purchased a total of 1136 tons of gold, marking the second-highest annual purchase on record [1] - The share of US dollars in global central bank foreign exchange reserves has decreased from 73% in 2001 to 54% in Q1 2025, while the share of gold has increased from 8.7% to 18.3% during the same period [1] Group 2 - In Q2 2025, global gold demand reached 1249 tons, a 3% year-on-year increase, with a value increase of 45% to $132 billion, setting a historical record [1] - Major central banks and sovereign funds leading gold purchases include the central banks of Poland, Azerbaijan, Turkey, Kazakhstan, and China [1] - The pace of gold purchases by central banks has slowed, with a 21% year-on-year decrease in growth rate, although total purchases remain high [1] Group 3 - Despite fluctuations in gold prices, market sentiment remains optimistic, with institutions raising their price targets for gold [2] - Citigroup has revised its three-month gold price forecast from $3300 to $3500 per ounce, adjusting the trading range to $3300-$3600 [2] - In H1 2025, global gold ETF demand reached 397 tons, the highest since 2020, with significant inflows from Asia [2] Group 4 - In the A-share market, over 66.1 billion yuan has flowed into gold ETFs this year, with notable inflows into Huazhang Gold ETF, Bosera Gold ETF, and E Fund Gold ETF [2] - A report from China Merchants Securities indicates that while gold has investment value, short-term upward momentum is weak, suggesting a focus on structural opportunities rather than broad bets on gold price increases [2]