Beyond US Treasury bonds, gold becomes the largest source of official reserves in the world.

The European Central Bank released a report on the 2nd stating that by the end of 2025, gold's share of global official reserves had risen to 27%, surpassing US government bonds to become the largest asset in global official reserves. The report pointed out that the share of US government bonds in global official reserves had dropped to 22%, while other reserves priced in dollars accounted for 20%, and euro reserves accounted for 15%. The report believed that the significant increase in the share of gold reserves was primarily due to valuation effects. Thanks to the surge in international gold prices in 2024 and 2025, the value of gold assets increased rapidly, allowing it to gain a larger share in global official reserves.