World Gold Council: From a strategic perspective, the overall gold holdings remain at a low level

Entering October, the spot gold price has consecutively broken through the thresholds of $4,000/ounce and $4,100/ounce, continuing to be favored by investors against the backdrop of high global geopolitical and political risks. On October 16, the World Gold Council released its monthly review, stating that current investors are concerned that gold is in a significantly overbought state, and that long-standing low interest rates and the dollar may rebound, thereby suppressing gold prices. However, from a strategic perspective, the overall gold holdings remain low. According to data compiled by the World Gold Council, individual gold investments currently account for less than 2% of global assets, and central bank gold accounts for less than 30% of total foreign exchange reserves, with both proportions far from reaching the historical highs of 1980