一口气读懂：黄金狂泻暴露美元霸权末路，华尔街巨头为何反手扫货

Group 1 - The financial market in October has been volatile, with gold prices experiencing a dramatic drop of over 6% in a single day, followed by Wall Street's bullish outlook, raising gold price targets to $5,055 per ounce by the end of 2026 [1] - The high interest rate policy of the Federal Reserve is eroding the economic foundation of the U.S., leading to increased personal debt, strained corporate finances, and high government deficits, pushing investors towards gold as a liquid asset during market panic [3][5] - The traditional method of using gold as a stabilizer for the dollar is losing effectiveness, as doubts about the actual gold reserves in Fort Knox have emerged, making it difficult for the U.S. government to manipulate gold prices as before [5][7] Group 2 - Wall Street's attitude towards gold has shifted dramatically, with major financial institutions that were once bearish on gold now expressing strong bullish sentiments, indicating a fear of the declining dollar hegemony [7][8] - The trend of "de-dollarization" is gaining momentum globally, with the dollar's share in global foreign exchange reserves dropping to 56.32% by Q2 2025, a decline of over 6 percentage points since 2018, as countries seek to diversify their assets [10] - The Federal Reserve's attempts to address liquidity crises through interest rate cuts have led to significant inflows into gold ETFs, with $33 billion entering the gold market in just eight weeks, equivalent to 268 tons of gold, creating a cycle of declining confidence in the dollar and rising gold prices [12][14] Group 3 - The fluctuations in the gold market reflect the struggles of dollar hegemony, with differing predictions about future gold prices highlighting contrasting views on the dollar's trajectory [14][16] - The accumulation of gold by Wall Street firms, while potentially safeguarding their assets, may not be sufficient to reverse the decline of the dollar system, as the majority of gold is held privately and not in circulation [14][16] - The increasing gold inventories in New York signal a weakening of the dollar's status as the world's reserve currency, with the Fed's rate cuts inadvertently benefiting gold as a competitor [16]