Archive · 11 Jun 2025
Gold Overtakes Euro as Second-Largest Global Reserve Asset
Imagine money that countries keep to help their economy, like a piggy bank.
Gold is becoming more important in these piggy banks.
Gold is now the second most important thing in these banks, more important than the Euro.
Central banks, which are like big money managers for countries, have been buying a lot of gold.
This is because people are worried about things like wars and money problems.
Gold prices have gone up a lot recently, making it worth more.
However, the most important thing in these banks is still the U.S. dollar.
Gold surpassed the Euro as the second-largest global reserve asset.
Gold comprised 20% of global official reserves at the end of 2024, overtaking the Euro.
Central banks increased gold holdings by over 1,000 metric tons in 2024.
Gold prices rose nearly 62% since the start of 2024.
The U.S. dollar still comprises the largest amount of global holdings at 46%.
- Who
- The European Central Bank.
- What
- Gold surpassed the Euro as the second-largest global reserve asset.
- When
- At the end of 2024.
- Where
- Globally.
- Why
- Due to central bank stockpiling and record high gold prices.
- Gold Share of Reserves
- 20% at the end of 2024
- Euro Share of Reserves
- 16% at the end of 2024
- Increase in Gold Holdings in 2024
- Over 1,000 metric tons
- Gold Price Increase (since start of 2024)
- Nearly 62%
- U.S. Dollar Share of Reserves
- 46%
- All-time High Gold Price
- $3,509.90 a troy ounce (mid-April 2024)