我国央行连续12个月增持黄金 专家:未来仍可能增持
Zhong Guo Jing Ying Bao·2025-11-07 13:20

Core Viewpoint - China's central bank continues to increase its gold reserves, reaching 74.09 million ounces (approximately 2,304.457 tons) by the end of October, marking the twelfth consecutive month of accumulation, although the increase has been at a low level for the past eight months [1][2] Group 1: Central Bank Actions - As of the end of October, China's foreign exchange reserves stood at $3.343 trillion, slightly up from $3.339 trillion at the end of September [1] - The increase in gold reserves is seen as a strategic move to optimize the structure of foreign exchange reserves and reduce the risk associated with a high proportion of dollar assets [2] Group 2: Market Analysis - Global demand for gold among central banks is rising, with gold surpassing the euro to become the second-largest reserve asset globally [2] - The geopolitical risks and inflationary pressures are driving significant investment demand for gold, suggesting potential for appreciation [2] Group 3: Price Forecasts - After reaching a high of $4,300 per ounce, international gold prices have retreated to around $4,000 per ounce, with potential support levels identified between $3,945 and $4,060 [3] - Future price targets for gold are set at $4,300 per ounce in the next three months and $4,500 per ounce over the next twelve months, driven by geopolitical uncertainties and concerns over U.S. fiscal policy [3]