Group 1 - The central bank has increased its gold reserves for the tenth consecutive month, with the latest figure at 74.02 million ounces, up from 73.96 million ounces in July [4] - As of the end of August, China's foreign exchange reserves reached $3.322154 trillion, an increase of $29.9 billion or 0.91% from the end of July, marking the highest level since January 2016 [2] - Analysts expect gold prices to rise in the medium to long term, and the central bank is likely to continue its trend of purchasing gold [1][5] Group 2 - The increase in foreign exchange reserves is attributed to factors such as the decline in the US dollar index and rising global financial asset prices, influenced by expectations of interest rate cuts by the Federal Reserve [2][3] - The current level of foreign exchange reserves is considered to be at a moderately sufficient level, providing support for the stability of the RMB exchange rate amid external uncertainties [3] - The central bank's strategy includes optimizing the structure of international reserves by increasing gold holdings while potentially reducing US Treasury holdings [6] Group 3 - The recent surge in international gold prices, with spot gold reaching a high of $3,600.18 per ounce, reflects the impact of the Federal Reserve's interest rate cut expectations [4] - The demand for gold from central banks remains optimistic, with a reported increase of 166 tons in global official gold reserves in the second quarter of 2025 [4][5] - Analysts predict that gold prices will continue to perform well, with mid-year price targets ranging from $3,627 to $3,816 per ounce depending on market conditions [6]
8月外汇储备重回3.3万亿美元上方 增持黄金仍是大方向
Bei Jing Shang Bao·2025-09-07 23:58