Historic moment! Gold prices double in two years + central banks continue to buy gold Gold replaces US Treasury bonds as the world's largest reserve asset held by central banks

According to the Zhitong Finance and Economics APP, based on a report released by the European Central Bank on Tuesday, after years of continuous increase in gold holdings by central banks around the world, and with the price of gold nearly doubling in the past two years, gold has now replaced US Treasury bonds as the largest reserve asset held by central banks globally. The European Central Bank stated that by the end of 2025, gold will account for 27% of the total reserve assets held by central banks worldwide, up from 20% a year ago; during the same period, the proportion of US Treasury bonds has decreased from 25% to 22%.