Central banks hold more gold than US Treasuries

Foreign central banks now hold more gold than US Treasury securities for the first time in almost 30 years. This shift marks a significant change in global reserve asset allocation, reflecting a long-term trend of de-dollarization and a search for perceived safety in non-sovereign assets. The move comes amid ongoing geopolitical tensions and concerns over US fiscal policy, influencing global financial markets. Analysts view this as a milestone in the evolving structure of the international monetary system.