Gold replaces US Treasuries as world’s top reserve asset, ECB says
Historic bullion rally boosts metal’s share of reserves to 27% while central banks diversify away from dollar
Gold replaces US Treasuries as world’s top reserve asset, ECB says A historic rally in bullion has propelled gold’s share of global reserves to 27%. This surge signifies a major diversification by central banks, marking a significant move away from the US dollar. Consequently, gold has now overtaken US Treasuries as the world’s primary reserve asset.
- Gold’s share of global reserves has reached 27% due to a historic rally.
- Central banks are diversifying their holdings and moving away from the US dollar.
- Gold has surpassed US Treasuries as the leading reserve asset globally. Continue reading https://www.ft.com/content/87ef8f25-eb81-4eed-919c-fe5b49a1ac2c
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