Gold Becomes World’s Second-Largest Reserve Asset After U.S. Dollar:
Gold has officially become the second-largest global reserve asset, surpassing the euro, as revealed by a recent European Central Bank (ECB) report. Central banks across the world have ramped up their gold holdings in response to persistent geopolitical tensions, inflation fears, and concerns over the reliability of dominant currencies — notably after Russia’s invasion of Ukraine. However, while gold’s value and significance in global reserves continue to rise, central bank demand is beginning to slow, signaling a shift in reserve accumulation strategies.
