Gold has become the largest asset in central bank reserves, a Bloomberg report says. The move points to a shift in how central banks manage their official foreign exchange reserves, and markets are reading it as a sign of increased demand for the metal.
Gold has overtaken U.S. Treasuries as the biggest asset in central bank foreign exchange reserves, according to a report by Bloomberg. A European Central Bank review found gold made up 27% of total official foreign reserves at the end of 2025, against 22% for U.S. Treasuries. The report frames the move as a significant change in how central banks manage reserves.
That shift stems, the report says, partly from valuation effects as gold prices rose. Beyond the price effect, markets are reading it as a sign of increased demand for gold, which could bear on its future price.
For now, markets are watching central bank actions and gold prices for the next move. Further purchases by major central banks could reinforce the trend, while U.S. inflation and Federal Reserve policy stay central to gold’s path. Markets may also read sustained demand and rising prices as supportive of higher gold scenarios by the end of 2026.
Source: Crypto Briefing
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