The drop in international gold prices has the greatest impact on China's economy in the securities market. Due to the recent plunge in international gold prices, China's financial market suffered "Black Monday" and the prices of related investment products suffered "Waterloo"; On June 5438+05, China A shares, led by gold and nonferrous metals, plunged 5% and 3.69% respectively. Affected by this, the Shanghai and Shenzhen stock indexes all fell more than 1% on that day.

Gold futures in China commodity futures market also performed poorly. At the close, the main gold contract 1306 closed at 298.93 yuan/gram, down 15.74 yuan, and was sealed on the daily limit. Another main contract of precious metal futures silver 1306 also suffered daily limit.

Foreign exchange reserves refer to assets denominated in foreign exchange, including cash, foreign bank deposits and foreign securities. Foreign exchange reserve is an important part of a country's international liquidity, which has an important influence on balancing international payments and stabilizing exchange rate. The falling price of gold has a great impact on China's foreign exchange reserves, including gold reserves. By the end of 20 12, China's gold reserves remained unchanged at 1054 tons, ranking fifth among global central banks, accounting for 1.6% of all foreign exchange reserves. Although on the surface, the price of gold has dropped a lot, which has a great impact on China's gold reserves, as a strategic reserve, China has sufficient foreign exchange reserves in other aspects, and the impact of short-term gold price fluctuations on China's overall foreign exchange reserves can be said to be.

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