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Group 1 - As of July 2025, China's foreign exchange reserves stood at $329.22 billion, a decrease of $25.2 billion from the end of June, marking a decline of 0.76% [1][5] - This is the first decline in foreign exchange reserves after six consecutive months of increase, with the previous six months showing increases of $6.679 billion, $18.2 billion, $13.441 billion, $41 billion, $3.6 billion, and $32.2 billion respectively [5] - The decline in reserves is attributed to factors such as exchange rate adjustments and changes in asset prices, influenced by macroeconomic data and monetary policy expectations from major economies [2][5] Group 2 - The People's Bank of China has increased its gold reserves for the ninth consecutive month, with gold reserves reaching 7.396 million ounces (approximately 2300.41 tons) by the end of July, an increase of 6,000 ounces from the previous month [2][5] - In the second quarter of 2025, global central banks net purchased 166 tons of gold, indicating a continued strong demand for gold despite a slight slowdown in purchasing pace [5][6] Group 3 - The spot price of gold reached $3,390 per ounce on August 7, 2025, reflecting a 3% increase over the past week [7][8] - Year-to-date, the spot price of gold has risen over 28%, with a peak of $3,500 per ounce in April 2025 [10] - UBS Wealth Management forecasts a target price of $3,500 per ounce for gold under baseline scenarios, with potential for prices to rise to $3,800 per ounce if geopolitical or economic conditions worsen [10]