小李注意到，这并非短期操作，中国美债持仓从2013年1.32万亿美元的峰值近乎腰斩，减持趋势已持续 多年。 重磅数据出炉！美国财政部最新披露，中国10月减持118亿美元美债，持仓跌至6887亿美元，创下2008 年11月以来的17年新低。 早在2013年，中国持有美债的规模达到1.32万亿美元的历史峰值，之后就进入了波动下行的通道。 | 图家/地区 | 2026年10月 | 2026年9月 | 2026年8月 | 2026年7月 | 025年0月 | 2026年9月 | 025年4月 | 2026年3月 | 2026年2月 | 2025年1月 | 2024年12月 | 2024年11月 | 2024年10月 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 日本 | 12000 | 11883 | 11804 | 11518 | 11480 | 11350 | 14345 | 11308 | 11289 | 10793 | 10615 | 1087 | 11012 | | 原 | ...

Core Insights - The gold market is experiencing unprecedented volatility, with prices soaring from $2,730 to $4,200 per ounce in just nine months, indicating significant shifts in global economic dynamics [1][9][11] - Central banks are increasingly favoring gold over U.S. Treasury bonds, marking a pivotal change in the global financial landscape [7][11][18] Group 1: Gold Price Surge - The international gold price reached a historic high of $4,200 per ounce, with jewelry gold priced at 1,235 yuan per gram, reflecting a massive increase in demand [1][9] - Over the past 12 months, the total market value of gold has surged by over $10 trillion, a nearly 60% increase, highlighting the scale of this market shift [9][11] Group 2: Central Bank Behavior - In 2024, major economies began selling U.S. Treasury bonds and buying gold, driven by concerns over the safety of U.S. debt amid rising national debt levels [7][11] - For the first time in 25 years, global central bank gold reserves surpassed U.S. Treasury holdings, signaling a loss of confidence in the dollar as the dominant global currency [7][11] Group 3: Investment Implications - The current gold price increase is primarily driven by central banks rather than retail investors, indicating a fundamental shift in investment strategies [11][18] - The trend suggests a diversification of currency reliance, with potential for multiple currencies to coexist in the future, challenging the previous dominance of the dollar [11][15]