媒体：黄金或已超越美债 成官方储备第一大资产

Core Insights - Gold is expected to surpass U.S. Treasury securities as the largest reserve asset held by foreign official governments due to significant price increases and active accumulation by central banks over the past year [1][3]. Group 1: Gold Reserves - As of the end of November, global official gold reserves exceed 900 million troy ounces, valued at approximately $3.82 trillion based on the gold price on November 30 [1][3]. - If the central banks' gold reserves remain unchanged and are revalued at year-end prices, the total value of global official gold reserves could reach about $3.93 trillion, surpassing the value of U.S. Treasury securities held by foreign official institutions [2][4]. Group 2: U.S. Treasury Securities - As of October, the total value of U.S. long-term and short-term Treasury securities held by foreign official institutions is approximately $3.88 trillion [2][4].