According to a recent survey by the World Gold Council, central banks have “added more than 1,000 tons of gold each year in the past three years,” double the average growth rate of the previous decade. The vast majority of respondents expect the gold reserves of central banks around the world to increase over the next 12 months. The UBS Wealth Management and Investment Director's Office said that the above survey is in line with its expectations, that is, the central bank's demand is expected to continue to support the price of gold. Other factors favorable to the price of gold include continued political risk, declining real interest rates, and the long-term weakening trend of the US dollar. The price of gold is expected to be around 3,500 US dollars/ounce by the end of this year, higher than the current price of 3,375 US dollars/ounce. The dollar's traditional role as a safe haven may face challenges. It is possible to use the dollar's rebound to diversify investments into other currencies such as the euro, yen, pound, and Australian dollar.

According to a recent survey by the World Gold Council, central banks have “added more than 1,000 tons of gold each year in the past three years,” double the average growth rate of the previous decade. The vast majority of respondents expect the gold reserves of central banks around the world to increase over the next 12 months. The UBS Wealth Management and Investment Director's Office said that the above survey is in line with its expectations, that is, the central bank's demand is expected to continue to support the price of gold. Other factors favorable to the price of gold include continued political risk, declining real interest rates, and the long-term weakening trend of the US dollar. The price of gold is expected to be around 3,500 US dollars/ounce by the end of this year, higher than the current price of 3,375 US dollars/ounce. The dollar's traditional role as a safe haven may face challenges. It is possible to use the dollar's rebound to diversify investments into other currencies such as the euro, yen, pound, and Australian dollar.