Gold Surpasses US Treasuries as Top Reserve Asset Amid Central Bank Buying and Price Surge
Hızlı Bakış
- Gold has overtaken US Treasuries as the world's primary reserve asset, with central banks' holdings reaching 27% of total reserves by end-2025, up from 20% a year prior.
- US Treasuries fell to 22% from 25%.
- This shift is driven by a historic gold price rally and central banks seeking alternatives to the dollar.
Yapay zekâ özeti
Neden Önemli?
Central banks have been continuously buying gold for years, and the price of gold has nearly doubled in the past two years. This has led to a shift in reserve asset composition.
中新经纬6月3日电 据英国《金融时报》2日报道,在各国央行多年持续买入、以及金价过去两年价格几乎翻番的历史性涨势推动下,黄金已经超越美国国债,成为全球首要储备资产。
该报道称,根据欧洲央行(ECB)周二发布的一份报告,截至2025年底,黄金在全球各国央行全部储备资产中的占比达到27%,高于一年前的20%。同期,美国国债的占比从25%降至22%。
该报道还称,欧元计价储备资产的占比维持不变,仍为15%。
该报道分析,金价的历史性涨势推动了这一格局,各国央行寻求美元的替代品,促使储备资产的构成发生变化。
过去12个月,金价上涨超过三分之一,使得储备管理者持有黄金的成本更高。
雅虎财经2日报道援引欧洲央行观点称,随着金价上涨,各国央行增持黄金的意愿有所减弱。在经历了多年的强劲买入之后,各机构已减少了新的黄金收购。
世界黄金协会曾于4月发布2026年一季度《全球黄金需求趋势报告》显示,一季度全球黄金总需求(含场外交易)达1231吨,同比增长2%。尽管黄金需求量增幅温和,但需求总金额飙升至创纪录的1930亿美元,同比大幅攀升74%。(中新经纬APP)
Açık Sorular
- What is the long-term outlook for gold prices?
- Will central banks continue to diversify away from the US dollar?
- What are the specific implications of this shift for the global economy?
- Are there any specific geopolitical factors driving this diversification?




