Gold Overtakes U.S. Bonds As The World's Top Reserve Asset, ECB Says

Gold is now the world's top reserve asset, the European Central Bank said.

Gold has overtaken U.S. government bonds as the world's top reserve asset, according to the European Central Bank.

Gold now accounts for 27% of all reserve assets, an increase of seven percentage points compared to the previous year. U.S. Treasuries, in turn, fell by three points, clocking in at 22% over the same period. Euro-denominated reserve assets remained unchanged at 15%.