Gold has become the leading global reserve asset, driven by central banks' increased purchases amid rising geopolitical tensions, according to an ECB report.
Gold surpassed US Treasuries (27% vs 22%) as central banks' top reserve asset, driven by price surges and geopolitical de-dollarization. Rising FX volatility reshapes global tech firms' treasury hedging, profitability forecasts, and cross-border deal economics.
Gold now accounts for 27% of official reserves
Jun 03, 2026
12:39 pm
What's the storyGold has surpassed US Treasuries to become the world's top reserve asset, a European Central Bank (ECB) report has revealed.
The shift highlights a major change in the global financial landscape as central banks continue to increase their gold reserves amid geopolitical uncertainty.
Gold replaces US Treasurys as world's top reserve asset, ECB says
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El oro es el activo de reserva mundial, seg�n el BCE
Ouro supera títulos do Tesouro dos EUA como principal ativo de reserva mundial, afirma BCE
El oro desplaza al euro como activo más utilizado por los bancos centrales
Ubs GWM: l'oro supera le riserve globali
Ouro supera títulos do Tesouro dos EUA como 'porto seguro' dos BCs no mundo, diz BCE
Historic bullion rally boosts metal's share of reserves to 27%
Gold overtook U.S. Treasuries in global official reserves by market value, the ECB said. The move reflected a 60% gold rally and…
...the writing is on the wall for the dollar's exorbitant privilege.
Central banks have built up their gold stores in response to geopolitical tensions, inflation and concerns about the shifting…
Higher prices and global shocks have fuelled demand for gold, as central banks hedge against uncertainty.
Africas leading gold-producing nations could be among the biggest beneficiaries of a historic shift in global reserve management…
