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Benzinga
Benzinga
Business
Rishabh Mishra

US Gold Reserves Soar To $1 Trillion As Prices Skyrocket Past $3,830 An Ounce—But Global Share Hits 90-Year Low

Gold Sector Rallies But Lags Past Cyclical Highs: BofA

The market value of the United States’ vast gold reserves topped $1 trillion mark for the first time on Monday. This comes as the gold price is experiencing a powerful rally, nearing $3,840 per ounce.

The staggering valuation contrasts with the fact that, despite having the world's biggest gold stash, America’s strategic share of global gold reserves has fallen to a 90-year low when compared to other countries.

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