economy
Gold replaces US Treasuries as world’s top reserve asset, ECB says
Historic bullion rally boosts metal’s share of reserves to 27% while central banks diversify away from dollar
TL;DR
- Gold's share of global reserves has reached 27% due to a historic rally.
- Central banks are diversifying their holdings and moving away from the US dollar.
- Gold has surpassed US Treasuries as the leading reserve asset globally.