**All-Time High: Spot Gold Breaks Through $4,500, Central Bank Reserves Reach New Heights**

According to the latest report from ChainCatcher, the global spot gold market has achieved a historic milestone — breaking through the $4,500 mark for the first time, with a intraday high of $4,525. This breakthrough marks a significant turning point in the precious metals market.

Since the beginning of the year, gold prices have increased by over 70%, demonstrating a strong upward momentum. Industry experts predict that if this trend continues, 2024 is likely to be the best-performing year since 1979, which is extremely rare in over forty years of history.

Meanwhile, Russia's central bank gold reserves have also been steadily increasing, reaching a level of 1,948 tons. This growth in central bank gold reserves, coupled with rising gold prices, creates a feedback effect, reflecting a growing global confidence in gold as a store of value.

Overall, the breakthrough of spot gold above $4,500 and the creation of a new all-time high not only reflect the influence of geopolitical factors but also demonstrate the asset allocation tendencies of global central banks. Market observers should continue to closely monitor the sustainability of this trend.