RANGAT / Fear, Federika and a phone call with The Tall One

 Kliko këtu për të tjera
Voxpress:

Gold overtakes Euro as second-largest asset in world central banks

2025-06-11 20:42:20Biznes SHKRUAR NGA REDAKSIA VOX
Illustrative photo

Record purchases and a rapid rise in prices have led gold to surpass the euro as the second-largest asset in the reserves of the world's central banks.

Gold's share of global foreign exchange reserves at market prices reached 20 percent at the end of 2024, surpassing the euro by 16 percent, the European Central Bank said in an annual assessment of the international currency position.

The US dollar recorded a continuous decline to reach 46 percent of global reserves.

Gold's dizzying rise - prices have doubled since late 2022 - has been driven in part by central bank purchases.

Sovereign institutions have purchased more than 1,000 tons per year over the past three years, twice as fast as their average pace of purchases before 2022.

Their holdings have now returned to their former levels for the last time in the late 1970s.

“Demand for gold for monetary reserves increased significantly after Russia’s full invasion of Ukraine in 2022 and has remained high,” the ECB wrote in the report, Bloomberg reports.


Në përputhje me standarded JTI

Video

SHIKO KANALIN NE YOUTUBE
×