在当前全球格局深刻演变、地缘政治紧张局势持续升级的复杂背景下，俄罗斯正经历着一系列严峻且相互关联的挑战。尽管其军事力量在战场上展现出坚韧 的作战能力，但经济领域潜藏的结构性危机正逼近极限，甚至显露出难以为继的征兆。 据可靠的财经消息来源证实，俄罗斯中央银行已正式启动出售其黄金储备的程序。此举的根本目的在于弥合国家财政预算出现的巨大赤字，即便总统普京对 此也只能表示默许。 众所周知，国家储备黄金被视为金融安全的"压舱石"，其战略意义不容忽视。全球约四分之三的黄金储备集中在美国、德国、意大利和法国等主要经济体手 中，这些国家都将黄金视为不可动摇的战略资产，只有在极端迫切的情况下才会考虑出售。 以中国为例，尽管过去两年中国央行连续12个月增持黄金，从2023年10月的7280万盎司增加到2024年10月的7409万盎司，年增长率仅为1.78%，其在全球黄 金储备排名中的位置并未发生显著变化。这充分印证了黄金储备的稀缺性以及获取的难度。 俄罗斯此次"破例"出售黄金储备，清晰地折射出其财政状况已进入"非常状态"。 自俄乌冲突爆发以来，俄罗斯为应对财政赤字采取了多种紧急措施，其中大幅度增税政策尤为突出。虽然增税在短期内增 ...

来源：美股研究社 曼努埃尔呼吁建立一个透明机制来出售部分此类资源，为陷入债务困境的国家提供资金。"有很多可以且应该制定的细节，但这是一个显而易见且无需额 外成本的解决方案，"他表示。 拉马福萨在接收报告后表示："很高兴听到……IMF有一批黄金储备。这类资源可以部分用于担保或融资全球南方许多国家的债务。" 拉马福萨还对成立所谓"借款国俱乐部"以分享最佳实践，以及审查IMF和世界银行贷款框架的提议表示欢迎。报告还敦促信用评级机构公开其用于评估风 险的指标，以解决外界对其可能不公平地歧视非洲国家的担忧。 IMF曾在2009-2010年出售了403吨黄金，其中一半直接售予印度央行，其余通过市场交易完成。IMF随后将出售所得利润的三分之一分配给IMF成员国， 条件是其中90%的资金将投入该组织的减贫与增长信托基金。 该报告于周二提交给南非总统西里尔·拉马福萨（Cyril Ramaphosa），他对该提议表示欢迎。此举正值首届在非洲举行的G20峰会前夕，本周末将有约20位 国家元首齐聚约翰内斯堡。南非目前担任20国集团轮值主席国，该集团每年举行会议讨论全球增长、发展和金融稳定问题。 报告指出："全球有超过34亿人生活在偿 ...

2025年4月，美国总统特朗普又一次"翻旧账"，宣布计划对中国商品加征高达50%的新一轮关税。紧接 着，美国财政部长贝森特和国务卿卢比奥也相继站出来，火力全开地批评中国的贸易政策。 对此，中国外交部的回应却显得异常干脆：奉陪到底。而当中国央行在此时主动公布黄金储备的最新数 据时，这场贸易角力的走向也发生了微妙变化。 那么这场贸易战又会走到何种程度呢？ 美国高官"摊牌"，一边打经济，一边玩地缘 在今年4月份，财政部长贝森特公开表达对中美贸易格局的"不满"，声称"中国对美出口远远高于美国对 华出口"，并拿出一组数字来印证自己的观点，说"美国对华出口只占中国对美出口的五分之一"，所以 中国更怕打贸易战。 相比2018年，中国在WTO等国际机构的发言权明显上升，美国想靠喊话就孤立中国，难度比以前大了 不少。 美国这两位高官一唱一和，说到底是想把中美博弈从商品清单扩大到规则制定，但站在今天的格局看， 这一套已经越来越难奏效了。 黄金储备公布，释放"我有底"的信号 就在美方放话的同时，中国央行突然公布了一项重量级数据：中国的黄金储备在2025年3月底，已经累 计达到7370万盎司，约2292吨。 这类说法听起来有点道理， ...

Core Insights - Tether is recruiting two top global gold trading executives from HSBC to expand its gold reserves and challenge traditional precious metal giants [1] - Tether has become one of the largest holders of gold globally, surpassing banks and sovereign nations, with over $12 billion in gold reserves as of September [1] Group 1 - Tether plans to hire Vincent Domien, the global head of metal trading at HSBC, and Mathew O'Neill, head of precious metals business, in the coming months [1] - The company has been actively expanding its precious metals business in recent years [1] - Tether's gold reserves have reached over $12 billion, according to its reserve report [1]

以下文章来源于21世纪经济报道 ，作者21记者 21世纪经济报道 . 权威、专业、深度、有趣！用经济思维看世界。 互联网新闻信息服务许可证编号：44120180007 来源|21世纪经济报道 记者|唐婧 编辑|包芳鸣 11月7日，国家外汇管理局统计数据显示，截至2025年10月末，我国外汇储备规模为33433亿美元，较9月末上升47亿美元，升幅为 0.14%。 这是我国外汇储备连续三月站上3.3万亿美元大关，创2015年12月以来最高。 黄金储备方面，央行连续第12个月增持黄金。同日，央 行公布的数据显示，10月末黄金储备报7409万盎司（约2304.457吨），环比增加3万盎司（约0.93吨）。 | | 中国外汇储备(亿美元) | 中国黄金储备(万盎司) | | | --- | --- | --- | --- | | 34000.00 | | 7420 | 7409 | | | 33433.43 | 7410 | | | 33500.00 | | 7400 | | | | | 7390 | | | 33000.00 | | 7380 | | | 32500.00 | | 7370 | | | | | 736 ...

Core Insights - As of the end of October 2025, China's foreign exchange reserves reached $33,433 billion, marking an increase of $4.7 billion from the end of September, the highest level since December 2015 [1] - The People's Bank of China (PBOC) has increased its gold reserves for the 12th consecutive month, with gold reserves reported at 7.409 million ounces (approximately 2304.457 tons) as of the end of October, an increase of 30,000 ounces [1][5] - The rise in foreign exchange reserves is attributed to the combined effects of currency exchange rate fluctuations and asset price changes, with a notable increase in global financial asset prices [2][3] Foreign Exchange Reserves - The increase in foreign exchange reserves is primarily driven by the valuation effects from changes in exchange rates and asset prices, with the dollar index rising by 1.9% in October [2][3] - Despite the dollar's strength, global stock indices, particularly the Nikkei 225, saw significant gains, which helped offset the potential decline in reserves due to non-dollar asset depreciation [2][3] - The PBOC's statement emphasizes the stability of China's economic fundamentals, which supports the maintenance of foreign exchange reserves [1][4] Gold Reserves - China's gold reserves increased by $13.9 billion to $297.2 billion, with the proportion of gold reserves to total foreign exchange reserves rising to 8.89%, a historical high [6] - The pace of gold accumulation by the PBOC has slowed this year, with monthly increases decreasing from 160,000 ounces in January to 30,000 ounces in October [6] - The global trend of central banks increasing gold holdings is noted, with a total net purchase of 220 tons in Q3 2025, reflecting a 28% increase from Q2 [7] Future Outlook - Analysts suggest that the PBOC will continue to increase gold reserves to optimize the international reserve structure and support the internationalization of the renminbi [8] - The current gold holdings in China's international reserves are significantly below the global average of around 15%, indicating room for further accumulation [8] - The strategy of gradual gold purchases is seen as a way to mitigate market volatility and manage costs effectively [7][8]

【风险提示】根据外汇管理相关规定，买卖外汇应在银行等国家规定的交易场所进行。私自买卖外汇、 变相买卖外汇、倒买倒卖外汇或者非法介绍买卖外汇数额较大的，由外汇管理机关依法予以行政处罚； 构成犯罪的，依法追究刑事责任。 每经AI快讯，11月7日，中国央行最新发布的数据显示，10月末外汇储备3.343万亿美元，9月末为 3.339万亿美元。中国10月末黄金储备报7409万盎司（约2304.457吨），环比增加3万盎司（约0.93 吨），为连续第12个月增持黄金。 （责任编辑：王治强 HF013） 每日经济新闻 ...

Core Viewpoint - The People's Bank of China (PBOC) has been increasing its gold reserves for 12 consecutive months, reaching 7.409 million ounces (approximately 2304.5 tons) by the end of October, with a significant rise in the proportion of gold in foreign exchange reserves to 8.89%, a historical high [1][3]. Group 1: Gold Reserve Increase - The PBOC has adopted a "low volume, multiple times" strategy for gold accumulation, increasing reserves from 160,000 ounces in January to 30,000 ounces in October, totaling over 800,000 ounces for the year [3][10]. - The current market value of China's gold reserves is approximately $297.2 billion, while foreign exchange reserves have stabilized above $3.3 trillion, the highest level since December 2015 [3][10]. - This trend is not isolated to China; globally, central banks purchased a net 220 tons of gold in Q3, a 28% increase from the previous quarter, indicating a collective action among central banks [3][10]. Group 2: Reasons for Accumulating Gold - The primary reason for the PBOC's gold accumulation is to hedge against geopolitical risks, providing a form of insurance for national wealth amid global instability [5][6]. - The strategy also aims at "de-dollarization" of foreign exchange reserves, reducing reliance on a single currency and enhancing asset stability [7][8]. - Additionally, increasing gold reserves supports the internationalization of the Renminbi, as a stronger gold backing enhances confidence in the currency among other nations [8][10]. Group 3: Future Trends - The PBOC is expected to continue increasing its gold reserves, as the current gold proportion in foreign exchange reserves is still below the global average of 15% [10][11]. - Long-term predictions indicate that gold prices may rise, potentially exceeding $5,000 per ounce by 2026, despite short-term volatility due to factors like interest rate changes [11][12]. - The global monetary system is shifting from a dollar-dominated framework to a more diversified one, with rising gold and Renminbi shares, which will significantly impact trade, investment, and wealth allocation strategies [12][14].

炒股就看金麒麟分析师研报，权威，专业，及时，全面，助您挖掘潜力主题机会！ 11月7日，国家外汇管理局统计数据显示，截至2025年10月末，我国外汇储备规模为33433亿美元，较9 月末上升47亿美元，升幅为0.14%。 这是我国外汇储备连续三月站上3.3万亿美元大关，创2015年12月以来最高。黄金储备方面，央行连续 第12个月增持黄金。同日，央行公布的数据显示，10月末黄金储备报7409万盎司（约2304.457吨），环 比增加3万盎司（约0.93吨）。 国家外汇局表示，2025年10月，受主要经济体货币政策及预期、宏观经济数据等因素影响，美元指数上 涨，全球金融资产价格总体上涨。汇率折算和资产价格变化等因素综合作用，当月外汇储备规模上升。 我国经济基础稳、优势多、韧性强、潜能大，长期向好的支撑条件和基本趋势没有变，有利于外汇储备 规模保持基本稳定。 管涛还称，10月，人民币在主要非美货币中表现相对强势，中间价和在岸即期汇率（境内银行间市场下 午四点半交易价）累计分别升值175个、51个基点至7.0880比1、7.1135比1，其间在岸即期汇率一度升破 7.10，为2024年11月5日以来首次。当月，中间价 ...

Core Insights - As of October 2025, China's foreign exchange reserves reached $3.3433 trillion, marking a $4.7 billion increase from September, the highest level since December 2015 [1] - The increase in reserves is attributed to the rise in the US dollar index and overall global financial asset prices, influenced by major economies' monetary policies and macroeconomic data [1] - The US dollar index rose approximately 1.95% in the past month, while major non-USD currencies depreciated against the dollar [1] Group 1: Foreign Exchange Reserves - China's foreign exchange reserves have remained stable above $3.3 trillion for three consecutive months [1] - The increase in reserves is a result of combined effects from exchange rate adjustments and asset price changes [1] - The US Federal Reserve's interest rate decisions and the easing of US-China trade tensions have contributed to the strengthening of the dollar [1] Group 2: Asset Prices and Market Trends - Global stock and bond markets showed overall strength in October, supporting China's foreign exchange reserves [2] - The 10-year US Treasury yield fell by about 5 basis points due to the Fed's rate cuts and increased demand for safe-haven assets [2] - Major stock indices, including the S&P 500 and Nikkei, experienced gains, reflecting high market sentiment [2] Group 3: Gold Reserves - As of October, China's official gold reserves increased to 7.409 million ounces, with a monthly rise of 30,000 ounces, the lowest increase since November 2024 [2] - The People's Bank of China has been gradually increasing gold reserves since March, with monthly additions below 100,000 ounces [2] - The recent trend indicates a potential slowdown in gold purchases by central banks, including China, amid fluctuating gold prices [3] Group 4: Future Outlook - The foreign exchange authority emphasizes the stability of China's economic fundamentals, which are expected to support the stability of foreign exchange reserves [2] - The central bank's strategy to optimize international reserves and promote the internationalization of the renminbi suggests continued interest in gold accumulation [3] - The dual nature of gold as both a financial and commodity asset positions it as a key component in diversifying international reserves [3]