China's gold reserves are expected to continue to strengthen under the global "de-dollarization" for seven consecutive months. China's gold reserves were 67.27 million ounces at the end of May and 66.76 million ounces at the end of April, the seventh month in a row. It is worth noting that the price of gold also exceeded 2000 US dollars per ounce at one point this year. Looking forward to the future trend of gold prices, Citic Securities Chief Economist Mingming said that first of all, the global trend of "removing the US dollar" is difficult to come to an end, and the behavior of the central bank to increase its holdings of gold is likely to continue to strengthen in the future. it is expected that the central bank's increase in holdings is expected to push up the gold price center. Second, the trend of medium-and long-term decline in US inflation is clear, and the Fed's monetary policy will gradually become loose, and the value of gold allocation is expected to show further after the US real interest rate falls; finally, the fourth quarter is usually the strongest season for domestic gold demand, and strong demand may also push up the price of gold, which is expected to have not yet peaked. (Securities Daily)