What effect does the national gold reserve have on the price of gold?

What effect does the national gold reserve have on the price of gold? Gold reserve refers to the gold held by a country's monetary authorities, which is used to balance the balance of payments and maintain or influence the exchange rate level. So, how important is the national gold reserve to gold speculation? What is the impact of gold reserves on the price of gold?

1. Gold reserve is an important part of a country's international reserve assets, and its quantity is related to the credibility of a country's foreign economic and trade. Whether in developed or developing countries, the national gold reserve plays a special role in stabilizing the national economy, curbing inflation and improving international credit.

2. Gold is a commodity that is not affected by the loan relationship. The national gold reserve will not be unnecessarily affected by the changes in the international banking system, which is conducive to promoting the healthy development of the domestic gold industry and related industries and promoting the changes in gold prices.