The International Gold Price And The Dynamic Management Of China's Gold Reserves

Gold as a precious metal with the unique intrinsic value and stability, Marx once said that "gold and silver currency is not natural,but natural gold and silver currency." In accordance with international practice in China to promote the healthy development of financial markets,the formation of a including money market,foreign exchange market,capital market,insurance market and the gold market,including the five most of the financial market system,in order to clear the gold market in China the status of financial markets。Set foot in China's full liberalization of the gold market,in line with international standards of road at the same time,China's gold market price movements with the international gold market prices closely.In this paper,the international gold market to make an overview of the pricing mechanism,based on a more systematic study of the evolution of the international gold price history and analysis of the impact of the price of gold prepared by the role of the various factors.Gold price changes only in order to grasp the better to avoid the risk of price fluctuations and possible benefits.Scholars to explore the many positive changes in the price of gold the inherent law for the gold price forecast effective methods and tools.In this paper,the gold price forecasting and technical analysis Fundamental analysis methods,such as a brief general summary,in this basis,the introduction of the gray theory of forecasting the price of gold,the price of gold try to make a useful study to explore,with the theoretical significance.A country's gold reserves is an important aspect of international reserves,and the same is directly related to gold price changes.As a result of the depreciation of the dollar in recent years,many countries have increased holdings of gold reserves.From hedge foreign exchange reserves and the promotion of the yuan freely convertible and the eventual realization of the point of view,many scholars of China's holdings of gold reserves.This paper analyzes the current status of China's gold reserves as well as the appropriate size of the proposed increase in gold reserves to improve the structure of the path of China's reserves,as well as dynamic management of gold reserves and strategic significance,have important practical significance.