1. The World Gold Council pointed out in its latest survey report released on July 5 that about 20% of the central banks in the world plan to increase their gold reserves in the coming year, and it is estimated that no central bank will sell gold in 20021year. As of May this year, the official gold reserves of global central banks increased by 56.7 tons. In the first four months of 20021,global central banks have bought 164.9 tons of gold, among which, during this period, the Hungarian central bank bought 63 tons, the Thai central bank bought 46.7 tons of gold continuously, the Turkish central bank also increased its holdings by 8.6 tons, and Brazil (1 1.9 tons). In addition, the Polish central bank and the Serbian central bank also expressed their intention to substantially increase their gold reserves.
2. In addition, the Russian Ministry of Finance reported on July 5 that Russia's regular foreign exchange and gold purchases in the market will reach 296 billion rubles (US$ 4.04 billion) next month. Since 20 17, Russia has been the largest gold buyer in the world for several months. The Russian Federation has previously stated that Russia already has a golden mountain worth hundreds of billions of dollars. Two weeks ago, the Russian National Wealth Fund officially removed the US dollar and replaced it with non-US dollar currencies such as gold.
3. Then, in a research report published a week ago, Citigroup said that it is expected that global inflation concerns and maintaining low interest rates will remain important factors driving the rise in gold demand. With the rebound of the global economy, the gold purchases of central banks in the next two years may reach 1 1,000 tons, while the net gold purchases of global central banks have reached 65,438+in the previous three years (2020-20 18).
4. On the dollar currency level, the data released by SWIFT two weeks ago showed that in May of 20021year, the dollar had fallen to 38.35%, which was surpassed by the euro by 39.03%. According to the latest global foreign exchange reserve data released by IMF on July 1, in the first quarter of 20021,the share of US dollar in global foreign exchange reserves was 59.54%, which was close to the low point in 25 years. Last quarter unexpectedly fell to 59% at the end of 2020, and it was as high as 73% in 2000. All this shows that the status of the US dollar has substantially declined.