Gold Surpasses U.S. Treasuries as Top Global Reserve Asset, ECB Report Shows
By
Kevin Helms
Summary
The European Central Bank (ECB) reported that gold has overtaken U.S. Treasuries and the euro as the top global official reserve asset by market value as of end of 2025. Gold now accounts for 27% of global official reserves, compared to 22% for U.S. Treasuries and 15% for the euro. This shift is driven by a 60% rally in gold prices and increasing demand from central banks for reserve diversification away from dollar-based assets.
Source
Key quotes
· 3 pulledGold accounted for 27% of global official reserves, ahead of U.S. Treasuries at 22% and the euro at 15%.
The move reflected a 60% gold rally and rising demand for reserve diversification.
Gold's Rise Puts New Pressure on Dollar-Based Reserve Markets
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