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Gold is now world's 2nd reserve asset
Mint Bangalore
|June 12, 2025
Record-high purchases and a blistering rally in prices has seen gold overtake the euro as the second-largest asset in the reserves of the world's central banks.
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The share of gold in global foreign reserves at market prices reached 20% at the end of 2024, surpassing the euro at 16%, the European Central Bank said in an annual assessment of the currency's international standing. The US dollar extended a steady decline to reach 46% of global reserves.
This story is from the June 12, 2025 edition of Mint Bangalore.
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