The Economic Times

Gold moves ahead of U.S. Treasuries after three decades: Why is gold overtaking U.S. Treasuries as top reserve asset is this the start of de-dollarization or just a reserve shift?

Gold moves ahead of U.S. Treasuries after three decadesand the numbers explain why. Central banks now hold nearly $4 trillion in gold, slightly above ~$3.9 trillion in U.S. Treasuries. This sharp shift marks the first crossover since the 1990s. Gold overtakes U.S. Treasuries as rising prices and record buying reshape global reserves. Treasuries once dominated with a 33% share in 2015. That has now dropped near 21%. Gold climbed from 5% to around 24%. Countries are reducing reliance on U.S. debt. They are adding gold as a safe asset. This signals diversification, not full de-dollarization. The U.S. dollar still leads global trade.