Gold has officially surpassed the Euro to become the world’s second-largest foreign exchange reserve asset.
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Gold has officially surpassed the Euro to become the world’s second-largest foreign exchange reserve asset.
Gold now accounts for 20% of central bank reserves, compared to the Euro. The U.S. dollar remains the top reserve asset, though its share has declined to 46% from 48.4%.
Global gold reserves now total around 36,000 tonnes, nearing the historic high last seen in the 1960s.