中国央行连续12个月增持黄金，全球央行购金热潮持续

Core Viewpoint - The article highlights China's continuous increase in gold reserves, reflecting a strategic move to diversify international reserves and hedge against global macroeconomic risks [3][4]. Group 1: China's Gold Reserves - As of the end of October, China's gold reserves reached 74.09 million ounces (approximately 2304.457 tons), marking a month-on-month increase of 30,000 ounces (about 0.93 tons) and the 12th consecutive month of accumulation [3][4]. - The increase in gold reserves is part of a "low volume, multiple times" strategy by the People's Bank of China, aimed at smoothing market volatility and reducing the impact of large purchases on gold prices [3]. Group 2: Global Gold Market Trends - In October, gold prices hit a historical peak of $4,294 per ounce, marking the 50th new high of the year, before retreating to around $4,000 per ounce by the end of the month, with a cumulative increase of 4.9% for the month [3]. - The World Gold Council reported that global central banks accelerated gold purchases in Q3, with a net purchase of 220 tons, a 28% increase from Q2 and a 10% increase year-on-year [5]. - The demand for gold is driven by geopolitical tensions, persistent inflation, and uncertainties in global trade policies, leading to a sustained interest in gold as a safe-haven asset [5]. Group 3: Future Outlook - Analysts predict that the ongoing geopolitical uncertainties and weakening confidence in the dollar system will lead central banks and investors to continue increasing their gold holdings, supporting gold prices [5].