Higher prices and global shocks have fuelled demand for gold, as central banks hedge against uncertainty.

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 rising demand for reserve

Gold has become the leading global reserve asset, driven by central banks' increased purchases amid rising geopolitical tensions, according to an ECB report.

Higher prices and global shocks have fuelled demand for gold, as central banks hedge against uncertainty.

In April, central banks, led by Poland and China, reversed course to become net buyers of gold after March's sales.

Since 2022, a slightly different group - China, Poland, India, Iraq, Czechia, and Qatar - has driven essentially all net purchases...

China is one of the world's largest buyers of gold as central banks shift towards the precious metal, which has overtaken US Treasuries to become the world's top reserve asset…