Extended data:
Gold reserve refers to the gold held by a country's monetary authorities to balance the international payments and maintain or influence the exchange rate level, and is held as a financial asset. It plays a special role in stabilizing the national economy, curbing inflation and improving international reputation.
Why is the gold reserve in the United States?
On the one hand, because there is little possibility of a war between China and the United States, the United States can play the role of foreign exchange reserves in extreme circumstances and obtain the needed materials in time. Convenient delivery in an emergency can also reduce transportation costs.
On the other hand, eggs can't be put in one basket. In case there is any problem at home, there is gold abroad to deal with emergencies.
And if it is shipped back to China, it will cost a lot of money. Including transportation costs, storage facilities, security costs, etc. , it costs money.
The relationship between the Federal Reserve's interest rate hike and gold;
The Fed's interest rate hike is bad for gold, because the Fed's interest rate hike means that the US economy is strong, which will cause a large number of global currencies to flow into the United States. Investors can invest in the US market in many ways, which will lead to the rise of the US dollar, and some commodities, precious metals and foreign exchange markets denominated in US dollars will all fall.
The Federal Reserve is known as the Federal Reserve System in the United States, and it is the institution that formulates monetary policy in the United States. Like China's central bank, its duty is to maintain a reasonable inflation level in the region and stabilize the financial market, that is, to adopt a tight monetary policy when inflation occurs, such as raising interest rates, and a loose monetary policy when deflation occurs, such as lowering interest rates.
The role of foreign exchange reserves:
Foreign exchange reserves are foreign exchange assets held by central banks and other government agencies in various countries and can be converted into foreign currencies at any time to meet the needs of international payment. The functions of foreign exchange reserves are:
1. Adjust the balance of international payments and ensure the ability to pay abroad.
The US dollar is the main trade tool in the world, and some foreign trade enterprises need to exchange foreign currencies. Storing foreign exchange reserves can make these enterprises "have money to exchange".
2. Intervene in the foreign exchange market and stabilize the local currency exchange rate.
For example, if the renminbi depreciates, it is necessary to sell the renminbi and store dollars; When the RMB appreciates, it is necessary to sell dollars and stabilize the RMB price through policy intervention.
3. Maintain the international reputation of RMB and improve its external financing ability.
Through Article 2, only by stabilizing the domestic exchange rate can the international reputation of RMB be improved and the ability of external financing be improved.
4. Enhance comprehensive national strength and ability to resist risks.
Storing a certain amount of foreign exchange reserves plays an important role in the development of a country's international trade and can improve its comprehensive national strength.