黄金储备连增13个月 重要数据释放新信号

Core Insights - China's foreign exchange reserves reached $33,464 billion by the end of November 2025, marking a slight increase of $3 billion from the end of October, with a growth rate of 0.09% [1][3] - The People's Bank of China has increased its gold reserves to 7,412 million ounces, adding 30,000 ounces in November, continuing a trend of 13 consecutive months of gold accumulation [1][5] Foreign Exchange Reserves - China's foreign exchange reserves have remained above $3.3 trillion for four consecutive months, supported by stable economic performance and macroeconomic factors [3][4] - The increase in reserves is attributed to fluctuations in asset prices and cross-border capital flows, reflecting the resilience of China's international balance of payments [3][4] - Analysts suggest that the stable foreign exchange reserves provide crucial support for maintaining the RMB exchange rate and act as a buffer against external shocks [4] Gold Reserves - The continuous increase in gold reserves highlights a strategic shift towards diversifying reserve assets and reducing reliance on single sovereign credit currencies, particularly the US dollar [5][6] - The accumulation of gold is seen as a response to global geopolitical uncertainties and a strategy to enhance the long-term credibility of RMB assets [5][6] - The global trend of central banks purchasing gold continues, with a significant increase in demand noted in October, which may support rising international gold prices [7] Future Outlook - Analysts predict that the People's Bank of China will continue to increase its gold reserves as part of a broader strategy to optimize international reserves and support RMB internationalization [8] - Forecasts for gold prices suggest a target range of $4,500 to $5,000 per ounce by 2026, driven by expectations of monetary easing and shifts in global credit dynamics [8]