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Gold Surpasses U.S. Treasuries as the Largest Official Reserve Asset Globally

The European Central Bank has released a new report stating that gold's share of the total global official reserve assets has risen to 27%, surpassing U.S. Treasuries to become the largest official reserve asset worldwide. The report indicates that the share of U.S. Treasuries in global official reserve assets has decreased to 22%, while other dollar-denominated reserve assets account for 20% and euro-denominated reserve assets make up 15%. The significant increase in gold's share is primarily attributed to valuation effects. Thanks to a surge in international gold prices in 2024 and 2025, the value of gold assets has risen, allowing it to capture a larger share of global official reserves.

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