Gold Surpasses US Treasuries in ECB Reserves

According to European Central Bank (ECB) data, gold's share of total reserves reached 27% by the end of 2025. This share surpassed that of US Treasuries, making gold the largest asset class for central banks. Global markets are witnessing a significant transformation in central bank reserve management. ECB data reveals that as gold's weight in reserves has increased, US Treasuries have lost the top position they had long held. This development reflects central banks' shift toward traditional safe-haven assets and efforts to diversify away from dollar-denominated assets. The increase in gold reserves is also linked to geopolitical uncertainties and inflation concerns. Experts suggest that if this trend continues, gold's share in central bank reserves could rise further. However, US Treasuries remain an important reserve asset due to their liquidity and yield advantages. This is not investment advice.