On September 9th, the gold market has demonstrated consistent demand patterns despite an overall deceleration in growth momentum. AUS GLOBAL believes that sustained central bank purchasing activities have provided robust downside support for the gold market, continuing the recent upward trajectory. This trend not only reflects central banks' long-term strategic planning in global reserve management but also underscores gold's irreplaceable strategic value within the global financial system. Market analysts note that despite volatile investor sentiment, central banks' steady buying behavior continues to provide long-term support for gold prices, establishing a foundational market floor.

According to the latest foreign exchange reserve data released by the World Gold Council, a central bank purchased approximately 2 tons of gold in August. Senior analyst Krishan Gopaul noted that this central bank has maintained gold accumulation for ten consecutive months following a six-month pause last year. AUS GLOBAL considers this sustained long-term purchasing demonstrates central banks' high confidence in gold as a reserve asset, highlighting its role in risk diversification, inflation hedging, and ensuring international payment stability. Currently, the central bank's official gold reserves total approximately 2,302 tons, representing less than 7% of its total foreign exchange reserves, indicating significant growth potential ahead. AUS GLOBAL believes this reserve strategy reflects central banks' increased emphasis on gold's strategic value amid growing global economic uncertainty.

However, data also reveals that gold purchasing pace has notably slowed this year, declining by more than half compared to early 2024, which itself was below the peak levels seen at the beginning of 2024. Philip Newman stated in media interviews that rising gold prices may influence central bank purchasing rhythms, but unlike ordinary investors, central banks typically do not alter long-term reserve strategies due to short-term price fluctuations. Last month, gold prices fluctuated around $3,300 per ounce but have recently broken through five months of consolidation. AUS GLOBAL believes this price breakthrough demonstrates strong upward market momentum, confirming that central bank steady purchasing has provided long-term support for gold prices, a trend unlikely to change in the near term.

Furthermore, analysts point out that as the US dollar's international status faces uncertainty, including dollar policy risks and Federal Reserve independence controversies, global central banks have accelerated reserve diversification efforts to reduce single-currency risk exposure. AUS GLOBAL emphasizes that in this context, gold's importance as a safe-haven asset and strategic reserve continues to strengthen. Looking forward, gold is expected to remain an indispensable core component of global central bank reserve portfolios, providing reliable support against global economic volatility. AUS GLOBAL believes that as international financial environment complexity increases, gold's long-term appeal will become increasingly apparent, with central bank buying continuing to play a stabilizing role in the market.