Central Bank Gold Buying Sets a Floor Under Prices, Institutions See a Recovery in the Second Half of Next Year

Jiemian·7 Jul 2026·Read original

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Summary · why it matters

Pressured by a short-term rebound in the US dollar index, spot gold prices are edging lower and currently trading around 4,130 US dollars per ounce. The Hong Kong Exchange's US dollar gold futures recorded 6,676 contracts traded during the day session on July 6, hitting an all-time high. Some institutional analysis points out that central bank purchases and potential monetary easing in Europe are supporting demand, and gold may recover in the second half of 2026, with prices expected to rebound to 4,500 US dollars per ounce after falling about 25 percent from the record high set in January. A research report from Huafu Securities argues that gold has entered a sweet spot, with its allocation value standing out after a deep correction, and strong buying demand from global official institutions is building solid support for prices. As of 1:03 PM on July 7, 2026, the Bosera Gold ETF was down 0.55 percent, last quoted at 8.56 yuan, with a cumulative gain of 2.23 percent over the past week.

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