瑞银集团对全球多国中央银行管理层的一项最新年度调查结果显示，将近半数受访央行认为美国可能重 组其联邦债务。同时，超过七成受访央行将美国特朗普政府的关税政策等视为最大风险。报道指出，几 乎所有受调查央行都在追求储备 资产多样化，几乎所有受调查央行都看好黄金。67%的受调查央行认 为，从现在至2029年左右，黄金将是表现最佳的资产，而这一比例在2024年调查中仅为21%。 ...

Group 1 - Nearly half of central banks surveyed believe the U.S. may restructure its federal debt [1] - The survey conducted by UBS covered nearly 40 central banks and revealed that two-thirds are concerned about the independence of the Federal Reserve [3] - Concerns about the quality of U.S. economic data and the weakening of the rule of law were also highlighted by nearly half of the central banks [3] Group 2 - The primary risk identified by 74% of central banks is the trade and international alliance policies of the Trump administration [5] - There is an increasing pessimism regarding the global economic outlook, with many central banks now expecting stagflation [5] - Almost all surveyed central banks are pursuing diversification of reserve assets, with a strong preference for gold [7] Group 3 - 67% of central banks believe gold will be the best-performing asset from now until around 2029, a significant increase from 21% in the previous year's survey [7] - No central bank plans to reduce its gold holdings in the next 12 months, and over one-third have increased their gold positions in the past year [7] - While 13% of central banks think Bitcoin could be the best-performing asset in the next five years, only one is considering investing in it [7]