European Central Bank: Gold becomes the world's largest official reserve asset

The European Central Bank released a report on the 2nd, stating that by the end of 2025, the proportion of gold in the total global official reserves has risen to 27%, surpassing US Treasury bonds and becoming the largest asset in global official reserves. The report points out that the proportion of US Treasury bonds in global official reserves has decreased to 22%, while other US dollar-denominated reserve assets account for 20% and euro-denominated reserve assets account for 15%. The report suggests that the significant increase in the proportion of gold reserves is primarily attributable to valuation effects. Thanks to the international gold price skyrocketing in 2024 and 2025, the value of gold assets has greatly increased, thus gaining a larger share in global official reserves.