近30年来全球央行黄金持有量首超美债！黄金价格从年初到现在整体上涨近50%，相较十年前上涨约300%

Core Insights - The share of the US dollar in global central bank reserves is declining, while gold is increasingly being reallocated by many countries [1] - Gold prices have risen nearly 50% since the beginning of the year and approximately 300% over the past decade [1] - Central banks are increasing their gold holdings as a response to a breakdown in the consensus on global reserve safety, making gold a necessary choice to mitigate dollar reserve risks [1] - Emerging market central banks have become the main force in gold purchases, positioning gold as a more reliable reserve option [1] - By the second quarter of 2025, the total value of global central bank gold reserves is expected to exceed the value of their US Treasury holdings for the first time [1] - Gold is replacing US Treasuries as a preferred safe-haven asset in the eyes of many countries [1]