In the context of "de-dollarization", central banks around the world are accelerating their purchases**
In this regard, some experts saidCentral bank demand** will continue to be hot for at least the next six years, with gold expected to soar to $2,500**
On February 7, data released by the State Administration of Foreign Exchange showed that as of the end of January 2024, the size of the People's Bank of China's ** reserves was reported at 72.19 million ounces, an increase of 320,000 ounces from the previous month.
It is worth mentioning that this is the fifteenth consecutive month of increase, with a cumulative increase of 9.55 million ounces, or about 271 tons. Based on the latest international spot ** $2034 ounces,The cumulative increase in holdings reached 19.4 billion US dollars, or about 140 billion yuan.
In recent years, central banks around the world have generally favored **. On January 31, the latest "Global Demand Trend Report" released by the World Association showed that the scale of global central bank purchases reached 1,037 tons last yearThis is the second highest on record, just 45 tonnes less than in 2022.
ANZ commodity analysts say bonds have been sharp since the Federal Reserve began its monetary tightening program to combat severe inflation.
peopleConfidence in US Treasuries has declinedIt is the main reason for the central banks to turn to **.
Demand from central banks around the world is expected to remain hot for at least the next six years, with large Asian countries accounting for the lion's share of demand.
Central bank purchases continued to hit record levels as central banks looked to reduce the risk of the dollar's dominance of foreign exchange reserves, according to the director of investment strategy at Standard Investment GroupAs a result, the price of gold may appear**.
In addition to accelerated purchases by central banks**, geopolitical and monetary policy will alsoPushing gold prices higher.
On the monetary policy front, the Fed's dot plot released in December showed that most policymakers expect three rate cuts in 2024, and the market is currently playing around the timing of the rate cut.
Subsequently, as the market's interest rate cut expectations are realized or continue to revise according to the Fed's statement, gold prices may fluctuate periodically, but they cannot be changedUptrend, and it is expected that the gold price will be ahead of the start time of interest rate cuts.
In terms of geopolitical and political factors, 2024The United States, Russia, the United Kingdom, India and many other countries will conduct **2024 will enter the world's first year, involving 76 economies and throughout the year. At present, the global geopolitical landscape is complex and changeable, geopolitical risks occur from time to time, and the conflict between Russia and Ukraine and the Palestinian-Israeli conflict are still ongoing**Attractive due to its safe-haven properties.
* Investment guru D**id Morgan said the dollar's days as the world's reserve currency may be coming to an endGold is expected to soar to $2,500**.
Overall, this year is still expected to hit a new high!
In this context, you can pay more attention to the allocation opportunities.
But everyone chooses the entity**,Be sure to find formal channels, such as major banks, Zhonggui Treasury, etc.! Avoid encountering problems.