不救美元，中国抛售美债加持黄金，不到3天，美财长紧喊不脱钩

Group 1 - China's holdings of U.S. Treasury bonds have decreased to $682.6 billion, the lowest level since the 2008 financial crisis, down from $1.3 trillion a decade ago, indicating a significant reduction in investment [1][3] - The People's Bank of China has been increasing its gold reserves for 15 consecutive months, reaching 74.19 million ounces, with gold now accounting for over 9% of its foreign exchange reserves, the highest level since 2009 [3][5] - The U.S. Treasury Secretary has publicly stated that the U.S. does not wish to decouple from China, highlighting the importance of maintaining financial ties despite ongoing geopolitical tensions [3][9] Group 2 - Other major economies are increasing their U.S. Treasury holdings, with Japan's holdings rising to $1.2 trillion and the total foreign holdings reaching a record $9.36 trillion by November 2025, contrasting China's selling trend [5][9] - The U.S. federal debt has surpassed $38 trillion, with an alarming increase of $2.35 trillion in the past year, leading to significant interest payments that exceed $1 trillion annually [7][9] - The market is reacting to these shifts, with international gold prices reaching new highs and U.S. Treasury yields climbing, indicating a movement of capital from risky dollar assets to gold [11][12]