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Gold Surpasses Euro as Top Reserve Asset in 2024

6/11/2025

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Summary

Story summary

In 2024, gold became the second largest global reserve asset, representing 20% of official reserves, surpassing the euro's 16%.
Central banks acquired over 1,000 tonnes of gold, doubling the previous decade's average purchases.
Global gold holdings approached 36,000 tonnes, nearing the 1965 peak of 38,000 tonnes.
Rising geopolitical tensions and de-dollarization are fueling central banks' demand for gold.

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Story summary

In 2024, gold became the second largest global reserve asset, representing 20% of official reserves, surpassing the euro's 16%.
Central banks acquired over 1,000 tonnes of gold, doubling the previous decade's average purchases.
Global gold holdings approached 36,000 tonnes, nearing the 1965 peak of 38,000 tonnes.
Rising geopolitical tensions and de-dollarization are fueling central banks' demand for gold.