30 years in the making: Gold just dethroned US Treasuries for the first time - is the Dollar in danger?

Gold just overtook US Treasuries in global central bank reserves a seismic shift in world finance. Central banks now hold over 36,000 tons of gold worth $4.5 trillion, versus $3.5 trillion in Treasuries. Thats the first time gold has led since the 1990s. The move reflects growing fears over US debt, inflation, and dollar dominance. Foreign banks cut $183 billion in Treasuries this year while piling into gold. With gold up 52% in 2025, the metal now outshines Americas safest asset.