Gold Overtakes US Treasuries in Central Bank Reserves for First Time Since '96

Central banks have made a significant shift in their reserve management strategies by holding more gold than U.S. Treasury securities for the first time since 1996.

This change comes as central banks reassess the risks associated with holding assets denominated in the U.S. dollar, following the freezing of $300 billion in Russian reserves in 2022.

The shift towards gold is part of a broader effort to diversify reserve holdings and mitigate geopolitical and financial risks.