来源：金融界AI电报 Helaba的Samuel Will在一份报告中称，日本的财政状况依然紧张，2026年预算有可能出现恶化，而日本 国债收益率正反映了这一点。这位外汇策略师称："在预算平衡状况近年来有所改善，甚至趋向于预算 平衡之后，我们预计2026年会出现恶化。"他称，日本国债已经以更高的风险溢价对预期的政府支出增 加作出了反应。"政府正通过投资和加强防卫能力来专注于增长，但必须密切关注债务上升和地缘政治 紧张局势升温的风险。"据伦敦证券交易所集团的数据，10年期日本国债收益率下跌1.9个基点，至 1.792%，30年期日本国债收益率上涨0.4个基点，至3.331%。 ...

Group 1 - The core point of the article highlights that spot gold prices have surged, breaking through $4,300 per ounce and reaching a new historical high of over $4,370 per ounce [1] - Domestic brands of gold jewelry have also seen prices exceed 1,200 yuan per gram [3] - The current trading surge in gold is partly supported by rising expectations of interest rate cuts by the Federal Reserve, amidst uncertainties regarding the U.S. government shutdown which may impact the economy [4] Group 2 - A global trend of central banks increasing gold purchases and rising holdings in gold ETFs is contributing to the increase in precious metal prices [5] - There is a noticeable shift of funds from U.S. Treasury securities to gold among global central banks, institutional investors, and individual investors [5] - Factors such as the expanding U.S. fiscal deficit and rising debt levels are expected to continue driving gold prices higher in the coming year, according to Bank of America [5]