Based on the error message - "The linked image cannot be displayed. The file may have been moved, renamed or deleted. Verify that the link points to the correct file and location" - Word is telling you that the image is missing (i.e. there's no image file at the link Confluence is providing).
There are 2 realistic options here:
(There's also the 3rd option that this is a bug, but it's more likely to be options 1 or 2 above).
There are 2 simple tests you can do to trouble shoot this problem:
This is a BUG in the software. I do not know of any use case where you would open anonymous access. I have tested and checked and the linked files are in Confluence on that page - I used insert file to the page and directly cut and pasted to the page. The figures do not export to Word. They do to PDF.
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