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Is the bull market for gold prices starting again? Investment banks urgently call: targeting 3,100 dollars in the second quarter!
① In the past week, the uncertainty of the global economy and Trump's tariff plan have triggered a sell-off in the USA stock market; ② Behind the risk-averse sentiment prevailing in the USA market, Gold seems to be shining once again.
Gold Shines Bright as Biggest Jewelry Market Boosts Options Bets
By the end of February, both the scale of foreign reserves and Gold reserves have slightly increased. With high gold prices, experts remind to weigh profits against risks.
① As of the end of February, China's Forex reserves amounted to 3,227.2 billion USD, an increase of 18.2 billion USD compared to the end of January. The decline in the USD roughly drove the rise in the prices of non-USD assets in China's foreign reserves by about 10 billion USD; ② At the end of February, the People's Bank of China held 73.61 million ounces of Gold, an increase of 0.16 million ounces compared to the end of January.
In February, China's Forex reserves increased, and the central bank expanded its Gold reserves for four consecutive months.
As of the end of February, China's Gold reserves were 73.61 million ounces, an increase from 73.45 million ounces at the end of January, showing a growth of 0.22%. As of the end of February 2025, China's Forex reserves stood at $3227.2 billion, an increase of $18.2 billion from the end of January, representing a growth of 0.57%.
In January, the USA experienced a "Gold flood" in its trade deficit, with finished Metal imports accounting for sixty percent of the increase.
In January, the USA's import value of various Commodities reached a record 329.5 billion USD, an increase of 36 billion USD compared to the previous month, with the import of finished metals, including Precious Metals bars, accounting for nearly 60% of the month's increase in Commodity imports.
Gold Edges Down Even as the Dollar Continues to Weaken Following Start of Trump's Trade War
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