央行又出手，连续15个月增持黄金

Group 1 - As of January 2026, China's foreign exchange reserves stood at $339.91 billion, marking a month-on-month increase of $4.12 billion, or 1.23% [2] - The stability of foreign exchange reserves is supported by China's resilient economic performance, which has been bolstered by favorable fiscal and monetary policies from major economies [2][3] - The People's Bank of China (PBOC) has increased its gold reserves for 15 consecutive months, with a total of 7.419 million ounces as of January 2026, reflecting a month-on-month increase of 40,000 ounces [4] Group 2 - The PBOC's continuous gold purchases signal an effort to optimize international reserves amid fluctuating global gold prices, which are expected to remain high due to changing geopolitical and economic conditions [6] - In January 2026, gold prices experienced significant volatility, with futures and spot gold prices surpassing $4,900 per ounce, indicating a strong upward trend despite recent fluctuations [7] - Analysts from major financial institutions have differing views on gold's mid-term outlook, with some projecting prices could rise to $6,300 per ounce by the end of 2026, while others foresee downward pressure due to easing geopolitical risks and economic growth in the U.S. [8]