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Industry experts: The general trend of increasing gold reserves in my country’s international reserves has not changed
Data from the State Administration of Foreign Exchange showed that China’s gold reserves at the end of August were 72.8 million ounces, the same as at the end of July and remaining unchanged for the fourth consecutive month. The current gold price is still at a high level, but considering gold's advantages in risk aversion, anti-inflation, and long-term value preservation and appreciation, industry experts said that the general trend of increasing gold reserves in my country's international reserves has not changed. At present, the proportion of gold reserves in emerging markets is still relatively low. There is still some room for the People's Bank of China to increase its gold holdings in the future, but there is uncertainty about the pace at which central banks will increase their gold holdings.