Purse tightening! Global central banks began to get tired of buying gold www.baid.com

"Purse" tightening! Global central bank began to get tired of buying gold Sina fund exposure platform: letter Phi lag behind false propaganda, the performance of long-term lower than similar products, how to buy funds pit? Click [I want to complain], Sina help you expose them! FX168 financial newspaper (Hongkong) news according to the World Gold Council (WGC) statistics show that the two quarter of 2016, the world bank’s gold reserves to buy 77 tons, 127 tons compared to the same period last year decreased by 40%, the lowest level since 2011. At the same time, the central bank is also the three consecutive quarter of decline in gold demand, for the longest decline in at least 5 years. Currently the global central bank holds a total of about 32900 tons of gold reserves. Laburnum Consulting founder John Nugee said, this year, the central bank gold purchase is mainly due to the decline in gold prices recorded in 40 years, the largest increase in the current year in. At the same time, emerging market central banks also have to reduce the purchase of gold due to the decline in exports of cash." Nugee served as reserve administrator of the Bank of England (BOE) in 1990s. Baden Wurttemberg Bank (Landesbank Baden-Wuerttemberg) commodity analyst Thorsten Proettel said, "the central bank gold demand slowed sharply, this is an important negative factor for the gold market." Global central bank net gold purchase source: World Gold Council, FX168 financial network, the central bank to buy gold reserves have been given important support for the gold price, especially after the 2008 financial crisis. In fact, since 2008, the central bank stopped after nearly 20 years of selling gold after the move, every year is the net buyers of gold, and this is also a time to push the price of gold in 2011 hit a record high of $1921 an ounce. Recently, however, the pace of the central bank’s gold purchases have slowed, especially in some countries with declining imports. According to the International Monetary Fund (IMF) data, as of April this year, Global trade has dropped to the lowest level in 2010. In addition, the data also show that the global foreign exchange reserves fell from 2 years ago, a record high of nearly $8%. One of the best examples is China, which is not only the world’s second largest economy, but also the country’s fifth largest gold reserve. Weak exports, however, limit the cash inflows from the Chinese government to invest in assets such as government bonds and gold. Data show that in 2015, China’s current account surplus hit a 6 year high, but over the past year has fallen by more than 25%. At the same time, China’s foreign exchange reserves also fell by about $4 trillion in 2014 from $1/5. According to the people’s Bank of China announcement, the central bank in May this year to stop buying gold reserves, although after a rebound in June, but in July the purchase volume is the lowest in a year. (the Central Bank of China to slow down the pace of the purchase of gold source: People’s Bank of China, FX168 financial network) Nugee said, emerging market central bank theory相关的主题文章: