Gold Surpasses U.S. Treasuries in Central Bank Reserves
According to a European Central Bank report released on June 2, gold has overtaken U.S. Treasury securities as central banks' preferred reserve asset for the first time since the mid-1990s. Gold now accounts for 27% of official reserves compared to 22% for Treasuries, driven by rising prices and a strategic shift away from dollar-based assets.
Topics: central banks geopolitics gold U.S. Treasuries