2024年央行黄金储备调查 ( 英文 35页)

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摘要

日益复杂的地缘政治和金融环境使黄金储备管理比以往任何时候都更加重要。继 2022 年创下历史新高 1,082 吨之后，2023 年各国央行增加了 1,037 吨黄金，这是历史上第二高的年度购买量。

在这些创纪录的数字之后，黄金继续被央行视为储备资产。根据2024年2月19日至4月30日期间进行的2024年央行黄金储备（CBGR）调查，共有70份回复，29%的受访央行打算在未来12个月内增加黄金储备，是受访者中最高的。自 2018 年开始这项调查以来，我们观察到了这一水平。计划购买的主要动机是希望将黄金持有量、国内黄金产量重新平衡到更有利的战略水平，以及包括危机风险上升和通胀上升在内的金融市场担忧。

Executive Summary

An increasingly complex geopolitical and financial environment is making gold reserves management more relevant than ever. In 2023, central banks added 1,037 tonnes of gold – the second highest annual purchase in history – following a record high of 1,082 tonnes in 2022.

Following these record numbers, gold continues to be viewed favourably by central banks as a reserve asset. According to the 2024 Central Bank Gold Reserves (CBGR) survey, which was conducted between 19 February and 30 April 2024 with a total of 70 responses, 29% of central banks respondents intend to increase their gold reserves in the next twelve months, the highest level we have observed since we began this survey in 2018. The planned purchases are chiefly motivated by a desire  to rebalance to a more preferred strategic level of gold holdings, domestic gold production, and financial market concerns including higher crisis risks and rising  inflation (Q15, page 22).