美元信任危机下 国际金开启新“布雷顿时刻”

Core Viewpoint - The ongoing geopolitical tensions, particularly the Greenland sovereignty dispute, are causing European investors to withdraw from US dollar assets, leading to a surge in gold demand as a safe-haven alternative [2][3]. Group 1: Gold Market Performance - As of January 26, the international gold price reached 1135.38 yuan per gram, marking an increase of 20.94 yuan, or 1.88%, from the previous trading day [1]. - Gold has shown a strong upward trend, with a weekly increase of 8.4%, representing its best performance in nearly six years [2]. - The price of gold has approached 5000 USD per ounce, with predictions suggesting it could reach 5400 USD per ounce by the end of 2026 [3]. Group 2: Investor Behavior and Market Trends - European investors are increasingly concerned about the political risks associated with US assets, prompting a shift towards gold as a safer investment [2][3]. - Major European pension funds, such as Sweden's Alecta and Denmark's AkademikerPension, are selling US Treasury bonds, reflecting a broader trend of reducing exposure to American assets [3]. - The global gold ETF market has seen record inflows, with a net inflow of 890 billion USD in 2025, doubling year-on-year [3]. Group 3: Economic Implications - The decline of the US dollar, with a nearly 9.5% drop since the beginning of 2025, is contributing to the rising gold prices and investor interest [2]. - The geopolitical crisis has led to a trust crisis in US assets, reminiscent of historical events that triggered significant shifts in monetary policy and asset valuation [2][4]. - Analysts suggest that gold is transitioning from an investment option to a strategic necessity as confidence in the dollar wanes [4].