Gold reserves continued to increase their holdings and once again refreshed the scale of phased monthly holdings increase. On November 7, central bank data showed that China's gold reserves at the end of October were 78.3 million ounces, an increase of 830,000 ounces over the previous month, increasing gold holdings for 24 consecutive months, and the increase in gold holdings reached a new high since restarting gold purchases in November 2024. Pang Yi, a member of the China Chief Economist Forum, believes that the central bank's increase in gold reserves for 24 consecutive months reflects the policy direction of continuously optimizing the international reserve asset structure. There is still great uncertainty in the current international economic and financial environment. Gold has both safe-haven properties and reserve asset attributes, forming a good risk hedging relationship with monetary assets in foreign exchange reserves. Continued increase in gold holdings will help enhance the diversification of international reserve assets and enhance the stability and resilience of the overall reserve portfolio. Wang Qing, chief analyst at Dongfang Jincheng Macro, believes that the central bank's increase in gold holdings for 24 consecutive months is due to new changes in the global political and economic situation after the current US administration came to power. This means that although the current price of gold is still high, from the perspective of optimizing the international reserve structure, the need to increase gold holdings is increasing.

Gold reserves continued to increase their holdings and once again refreshed the scale of phased monthly holdings increase. On November 7, central bank data showed that China's gold reserves at the end of October were 78.3 million ounces, an increase of 830,000 ounces over the previous month, increasing gold holdings for 24 consecutive months, and the increase in gold holdings reached a new high since restarting gold purchases in November 2024. Pang Yi, a member of the China Chief Economist Forum, believes that the central bank's increase in gold reserves for 24 consecutive months reflects the policy direction of continuously optimizing the international reserve asset structure. There is still great uncertainty in the current international economic and financial environment. Gold has both safe-haven properties and reserve asset attributes, forming a good risk hedging relationship with monetary assets in foreign exchange reserves. Continued increase in gold holdings will help enhance the diversification of international reserve assets and enhance the stability and resilience of the overall reserve portfolio. Wang Qing, chief analyst at Dongfang Jincheng Macro, believes that the central bank's increase in gold holdings for 24 consecutive months is due to new changes in the global political and economic situation after the current US administration came to power. This means that although the current price of gold is still high, from the perspective of optimizing the international reserve structure, the need to increase gold holdings is increasing.