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Gold Overtakes U.S. Treasuries As the World's Reserve Asset

For the first time since 1996, the world’s central banks hold more gold than U.S. Treasury securities. Gold now accounts for roughly 27% of global official reserves against roughly 22% for Treasuries, according to the European Central Bank.

The movement is not finished. In this year’s World Gold Council survey, a record 45% of central banks said they intend to increase their gold holdings over the coming twelve months.

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