Gold Becomes Second-Largest Global Reserve Asset, Surpassing Euro
TL;DR
Gold has surpassed the euro to become the world's second-largest reserve asset after the US dollar, driven by record central bank purchases, soaring prices, and geopolitical concerns, with global gold reserves nearing postwar highs and countries diversifying away from the US dollar.
- Gold overtakes euro as global reserve asset, ECB says Financial Times
- Gold is now the world's second-largest reserve asset — but central bank appetite is waning CNBC
- Gold Surpasses Euro as Second-Largest Global Reserve Asset, ECB Says WSJ
- Central banks on track for 4th year of massive gold purchases, Metals Focus says Reuters
- Gold Rally Sees It Overtake Euro as World’s 2nd Reserve Asset Bloomberg
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