世界黄金协会：2025年上半年全球央行净购金123吨

Core Insights - In June 2025, global central banks continued to favor gold, with a net increase of 22 tons in official gold reserves, marking a slight month-on-month rise for the third consecutive month [1] - In the first half of 2025, global central bank net gold purchases totaled 123 tons, showing a slight decrease compared to the same period in 2024 [1] - The National Bank of Poland emerged as the largest net buyer of gold in 2025, acquiring 67 tons, followed by the Azerbaijan State Oil Fund and the National Bank of Kazakhstan [1] Central Bank Activities - Uzbekistan's central bank was the largest net buyer in June, while Kazakhstan's International Bank also made significant purchases [1] - The Monetary Authority of Singapore was the only net seller in June, selling 6 tons of gold [1] - As of the end of July, the People's Bank of China had gold reserves of 2,300.41 tons, with an increase of 1.86 tons, marking nine consecutive months of gold accumulation [1]