"Gold reserves surpass US treasuries as global assets accelerate de-dollarization."

date
10/01/2026
Gold prices soar, the US dollar depreciates, and the percentage of US dollars in global foreign exchange reserves continues to decline. In 2025, the US dollar's credit faces severe challenges. The reporter also noted that the global trend of de-dollarization of assets is evident in 2025. With more and more countries increasing their gold holdings, the global central bank gold reserves have once again exceeded US Treasury bonds for the first time in nearly 30 years. The soaring gold prices have led to an increase in the value of gold reserves when converted into US dollars. By the mid-2025, the percentage of US bonds in reserves held by central banks excluding the Federal Reserve has dropped to below 25%, while the percentage of gold has risen to above 25%. This is the first time since 1996 that gold has exceeded US bonds in central bank reserves. Experts say that global capital's risk appetite for US dollar assets is decreasing, and in the medium to long term, the trend of the US dollar's declining share in global foreign exchange reserves is difficult to reverse, and the international monetary system will move towards diversification.