European Central Bank: Gold surpasses US Treasury bonds to become the world's largest reserve asset

According to a report by the Financial Times, the European Central Bank's report shows that by the end of 2025, the proportion of gold in global central bank reserve assets will rise to 27%, up from 20% a year ago; Over the same period, the proportion of US treasury bond bonds fell from 25% to 22%. The proportion of euro denominated reserve assets remains unchanged at 15%. The report points out that geopolitical tensions have driven central banks to increase their demand for gold, and countries are accelerating their search for alternatives to the US dollar.