央行连续14个月增持黄金，背后信号很大

Group 1 - The central bank has increased its gold reserves to 74.15 million ounces as of December 2025, marking a continuous increase for 14 months since November 2024 [1][2] - The increase in gold holdings is attributed to changes in the global political and economic landscape, leading to a potential long-term rise in international gold prices [1][3] - The World Gold Council forecasts a 15% to 30% increase in gold prices in 2026, driven by investment demand, particularly through gold ETFs, despite weak demand from jewelry and technology sectors [3][8] Group 2 - In 2025, gold prices surged from $1,826 per ounce to around $4,460, with a peak of $4,550, resulting in a more than 60% increase, the highest annual gain in 46 years [3][6] - Analysts predict that the structural bull market for gold remains solid, with potential price fluctuations due to technical factors, but long-term value is expected to rise amid global economic uncertainties [6][7] - Major investment banks, including Bank of America and Goldman Sachs, project gold prices to reach between $4,900 and $5,000 per ounce in 2026, emphasizing the importance of gold as a hedge in investment portfolios [7][8]