Latest release! Forex reserves increased by 34 billion US dollars in July, and the central bank has suspended gold purchases for three consecutive months.
Affected by macroeconomic data, monetary policy and expectations of major economies, the scale of foreign exchange reserves rose in July 2024, and the People's Bank of China suspended its shareholding of gold for the third consecutive month.
Bullish Momentum On Gold Takes A Long Pause
Huayuan Securities: Continuous bullish on gold sector configuration opportunities under resonance of new and old paradigms and expectations of interest rate cuts.
The new paradigm framework is about to emerge, with strong purchases of gold by the central bank, increasing supply of US currency, and changes in geopolitical situation, the long-term center of gold is expected to continue to rise.
Gold Moves Lower as the Dollar and Treasury Yields Rise After Monday's Market Turmoil
Gold Extends Losses After Sharp Slide; Analyst Sees Positive Macro View
Gold: A Revisit of the $2400/oz Range Can Spark a Sell-off – TDS
