农银证券每天导读

Central Bank Gold Purchases - Global central banks' net gold purchases surged from 3 tons in March to 33 tons in April, indicating strong demand despite high gold prices[3] - Total gold purchases by central banks decreased from 39 tons in March to 36 tons in April, while total sales dropped sharply from 36 tons to 3 tons[3] Market Trends - Turkey, China, India, and Kazakhstan are the largest net buyers of gold among central banks this year[3] - The report highlights the resilience of gold demand in the face of fluctuating prices, suggesting a continued interest in gold as a safe-haven asset[3] Economic Indicators - The Caixin China Composite PMI for May was reported at 52.8, indicating expansion in the economy[9] - The ADP employment change in the U.S. for May was 152k, below the expected 175k, reflecting a slower job growth[9] Semiconductor Market - The World Semiconductor Trade Statistics (WSTS) revised its global semiconductor market growth forecast to 16% for this year, reaching $611 billion[23] - Significant growth is expected in the Americas and Asia-Pacific regions, with increases of 25.1% and 17.5% respectively[23] Commodity Prices - China's commodity price index rose for the third consecutive month, reaching 118.9 points in May, with a month-on-month increase of 3%[24] - The report indicates a broad recovery in various sectors, including metals and energy, contributing to the overall economic stability[24]