Gold Dethrones Euro as World’s #2 Reserve Asset as Central Banks Stockpile Record Amounts

25.06.16

Gold has overtaken the euro to become the world’s second-largest reserve asset after the US dollar, according to a new ECB report. This shift reflects gold’s 60% price surge over the past two years and massive central bank buying, with over 1,000 tonnes purchased in 2024 alone—double the previous decade’s…

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