Gold Surpasses US Treasuries as Top Asset Held by Foreign Banks for First Time in 30 Years
Gold has cemented its status as the preferred asset for global central banks, overtaking US Treasury holdings for the first time in three decades. The shift comes amid deteriorating US economic indicators and the impact of TRUMP-era tariffs, driving unprecedented demand for the precious metal.
Foreign institutions now hold more Gold than US debt instruments, marking a historic reversal in reserve asset preferences. Central banks have aggressively accumulated 830 tonnes of gold in 2025 alone, with 23 countries expanding reserves in H1.
The commodity's rally appears unstoppable as institutional buying pressure continues to propel prices upward. This trend reflects growing skepticism toward dollar-denominated assets and a broader repositioning in global reserve portfolios.
