Group 1 - Recent fluctuations in gold prices have been influenced by escalating trade tensions, leading to initial sell-offs and a drop below $3000, followed by a rapid recovery and new highs above $3300 after a temporary suspension of tariffs by Trump [1] - The U.S. consumer confidence index has declined for four consecutive months, contributing to a 3% drop in the dollar index, the lowest since April 2022, which has shifted investor interest towards gold as a safe-haven asset [2] - The Federal Reserve faces challenges due to rising import prices from tariffs, which could lead to persistent inflation, complicating their monetary policy decisions [5] Group 2 - The ongoing trade war and the weakening dollar are providing strong support for gold prices, with expectations for further upward movement as market conditions evolve [5] - Upcoming economic data releases, including consumer confidence and inflation metrics, will be critical for the Federal Reserve's policy direction [6]

美国人竟然熬夜刷中国电商Ap p囤货！ 本期《财经早察》来拆解中国电商Ap p在美国一夜爆火的原因。 出品：财经早察工作室 总统筹：邓红辉 执行统筹：陈晨星 祝乃娟 主播：董静怡 编辑：洪晓文，陆跃玲，曾婷芳 设计：王冰 本期编辑 金珊 苹果、特斯拉难了？美国关税战反噬巨头产业链 6G要来了！下一个万亿赛道？ 美债风波背后是美元信用危机 SFC 21君荐读 谁能想到，一场美国发起的关税大战，反而让中国的2个电商平台在美国一夜爆红。最近，跨 境B2B平台敦煌网和淘宝突然冲上美国Ap p St o r e下载榜前两名，甚至把Ch a tGPT都挤到了身 后。 ...

每经记者 蔡鼎 每经编辑 高涵 上周，全球市场风起云涌，贸易政策俨然成为风暴中心，触发了市场的剧烈波动。权益资产大幅下挫的同时，传统的避险资产美债和美元也不 避险了，接连大跌。 周一（4月14日），美元指数亚洲时段进一步出现下挫；ICE美元指数日内最低一度下探至99.34，延续了上周以来的下跌态势；彭博美元指数也 一度下跌0.4%，逼近去年10月以来的新低。截至14日收盘，美元指数4月已累跌4.31%，今年累跌超8%。周二（15日）亚洲早盘，美元汇率总 体稳定，但仍逼近上周触及的多个关键低点。 年初至4月14日，美元指数、主要货币以及美元计价黄金涨跌情况 图片来源：每经制图 上周五（4月11日），欧元对美元汇率升至2022年2月以来最高水平，美元对瑞士法郎跌至2015年年初以来低位，美元对日元汇率则降至去年9月 以来低位。美元指数当天盘中一度跌至99.00点，是2022年年初以来新低，也是2023年7月以来首次跌破100点。 主要货币对美元多数上涨，瑞郎和日元明显受益于其避险属性。上周，瑞郎涨至2015年以来高点，周内大幅收涨5.3%；日元同样大涨2.3%。 不少分析人士表示，特朗普政府的所谓"对等关税"，正 ...

Core Viewpoint - The article discusses the decline of U.S. financial hegemony, highlighting the impact of protectionist policies under President Trump, which have led to a loss of confidence in U.S. assets and a potential shift in the global monetary system [1][2][10]. Group 1: U.S. Financial Hegemony - The U.S. financial hegemony, established over decades, is facing unprecedented challenges due to trade protectionism and geopolitical shifts [6][10]. - The share of the U.S. dollar in global foreign exchange reserves has decreased from over 71% in the early 2000s to below 60% by the end of 2023, indicating a decline in global trust in the dollar [6]. - The U.S. has historically relied on its alliances to maintain the dollar's status, but recent unilateral actions have caused dissatisfaction among allies, prompting them to seek alternatives to the dollar [3][4]. Group 2: Impact of Protectionism - Trump's aggressive tariff policies are undermining the established multilateral trade order, leading other countries to explore alternative currencies for trade settlements [7][8]. - The potential implementation of the "Mar-a-Lago Agreement" could challenge the stability of U.S. Treasury securities and weaken the Federal Reserve's independence, further jeopardizing the dollar's reserve currency status [8][9]. - Countries like China and members of the EU are actively promoting the use of their currencies in international trade, which could diminish the dollar's dominance [7][9]. Group 3: Dollar's Credit Crisis - The current situation is characterized as a credit crisis for the dollar, with rising gold prices and other currencies appreciating against the dollar, reflecting a loss of confidence [5][6]. - The U.S. federal debt is projected to exceed $35 trillion by the end of 2024, with a debt-to-GDP ratio of 125%, raising concerns about the sustainability of the dollar [6]. - The use of the dollar for financial sanctions has made other countries wary of holding dollar-denominated assets, further eroding trust in the currency [6]. Group 4: Future Outlook - Analysts express concern that the current asset sell-off in U.S. markets may be just the beginning, with potential long-term implications for the dollar's status [7][9]. - If the U.S. fails to address its fiscal deficits and continues its current policies, the risk of a significant decline in the dollar's international standing could increase [9][10]. - The article warns that if the dollar's credit continues to deteriorate, U.S. Treasury securities may become problematic, leading to broader financial instability [9].

美元是全球化的受益者 美元和美国国债都属于美国政府的债务，背后都是靠美国政府的信用做背书，美元能够成为国际货币是基于其他经济体对美国政 府的信任。我们在《全球货币变局》系列专题一中就介绍过货币的本质，美元纸币的本质就是一张纸，其它经济体之所以接受美 国人拿着一张纸来买自己的商品，其实是基于对美国政府的信任，相信美国政府可以保证美元纸币的购买能力。在这个过程中， 美国人拿着一张纸换走了别的经济体的劳动成果，美元纸币就相当于美国政府发行的债券。所以从这个角度来看，美元和美国国 债都是属于美国政府的债务，而债务是建立在信任或信用的基础上的。在过去几十年，美元之所以能成为国际货币，是基于其他 经济体对美国政府的信任，尤其是相信美国政府能够保证美国经济长期稳定的能力，因为如果经济不稳定，美国政府也会超发美 元来稳经济，美元汇率就会贬值。 在各国之间信任度偏低的时代，大家很难接受别的国家印刷的纸币来购买自己的商品。例如在二战之前的人类历史上，各国之间 没有那么强的信任的情况下，国际贸易的支付结算、官方储备配置更多依赖的是贵金属。虽然在美元之前也有英镑、荷兰盾、西 班牙的银元，但这些所谓的国际货币，其实国际化程度并没有那么 ...

北京时间4月1 0日晚，美股低开低走，目前跌幅整持续扩大。截至2 2 : 0 0左右，纳指跌幅扩大至3 . 5%，道指跌超2%，标普5 0 0指数 跌2 . 6%。 科技股、芯片股普跌。 | 名称 | 现价 | 涨跌幅 | | --- | --- | --- | | 英伟达(NVIDIA) | 109.160 | -4.52% | | NVDA.O | | | | 苹果(APPLE) | 192.430 | -3.23% | | AAPL.O | | | | 特斯拉(TESLA) | 255.695 | -6.06% | | TSLA.O | | | | 阿里巴巴 | 107.060 | 2.18% | | BABA.N | | | | 拼多多 | 91.412 | -2.91% | | PDD.O | | | | 台积电 | 152.846 | -3.72% | | TSM.N | | | | 理想汽车 | 21.645 | 2.39% | | LI.O | | | | NANOVIBRONIX | 5.740 | -14.20% | | NAOV.O | | | | 微软(MICROSOF | 379.0 ...

3月2 1日晚，现货黄金突然直线下挫，一度跌破3 0 0 0美元/盎司关口，随后有所回升，目前跌 幅超0 . 7%。 | < w | 伦敦会现 | | | | --- | --- | --- | --- | | | SPTAUUSDOZ.IDC | | | | 3022.790 | 昨结 3044.330 开盘 | 3043.780 | | | -21.540 -0.71% | 总量(kg) 0.00 现手 | | 0 | | 最高价 3047.510 | 持 0 外 盘 | | 0.000 | | 最低价 2999.268 | 増 合 0 内 盘 | | 0.000 | | સ્ટેન્વ | 五日 日Ｋ 月Ｋ 月Ｋ | 更多 ◎ | | | 叠加 | | 盘口 | | | 3089.392 | | 1.48% 卖1 3024.120 | 0 | | | | 买1 3022.790 0 | | | | | 04:59 3023.610 0 | | | | | 04:59 3023.555 0 | | | | | 0.00% 04:59 3023.230 | | | | | 04:59 3023.548 | ...