2025-08-10
What signal does the central bank send by increasing its holdings of gold for 18 consecutive months?
The latest data from the People's Bank of China shows that it increased its holdings of gold by about 10 tons in June, and the global trend of central bank gold purchases continues. Experts believe that this is a long-term hedging strategy against the weakening of the US dollar hegemony, with emerging market countries being particularly active. In 2024, the global official gold reserves may increase by another 800-1000 tons.