In April, the foreign exchange reserves increased, Gold reserves have been increased for six consecutive months. How to decide on Gold investment with a 5% fluctuation?
① As of the end of April, China's Forex reserves were approximately 3281.7 billion USD, an increase of 41 billion USD from the end of March. In April, the "reciprocal tariffs" introduced by Trump caused the dollar to drop significantly by about 4.4%, resulting in an increase in the price of non-dollar assets in our foreign reserves. ② The central bank continued to increase its Gold shareholding in April, and as of the end of April, Gold reserves amounted to 73.77 million ounces.
Galaxy Securities: The logic for the long-term rise in Gold prices remains unchanged; investors should take advantage of price corrections to position in the Gold Sector.
Galaxy Securities stated that the logic for the medium to long-term rise in Gold prices remains unchanged and recommends positioning in the Gold Sector during pullbacks.
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