Gold surpasses U.S. Treasuries to become the largest asset in global official reserves

According to Odaily, a new report from the European Central Bank indicates that gold's share of total global official reserve assets has risen to 27%, surpassing U.S. Treasuries to become the largest asset in global official reserves. The report notes that the share of U.S. Treasuries in global official reserve assets has fallen to 22%, other U.S. dollar-denominated reserve assets account for 20%, and euro-denominated reserve assets account for 15%. The significant increase in gold's share is primarily attributed to valuation effects. Benefiting from the continuous surge in international gold prices in 2024 and 2025, the value of gold assets has risen accordingly, thereby securing a larger share of global official reserves. (Marketwatch)