Fed: Why Gold Didn't Actually Overtake Treasury Securities as the World's "Favorite" Reserve Asset1
September 04, 2026
September 04, 2026
WASHINGTON, Sept. 4 -- The Federal Reserve issued the following Fed Notes article:
* * *
Why Gold Didn't Actually Overtake Treasury Securities as the World's "Favorite" Reserve Asset/1
By Colin Weiss
In 2025, world international reserves held in gold surpassed foreign official holdings of U.S. Treasury securities (figure 1), a fact drawing attention from media and policymakers (Nangle, 2025; European Central Bank, 2026; Stor . . .
* * *
Why Gold Didn't Actually Overtake Treasury Securities as the World's "Favorite" Reserve Asset/1
By Colin Weiss
In 2025, world international reserves held in gold surpassed foreign official holdings of U.S. Treasury securities (figure 1), a fact drawing attention from media and policymakers (Nangle, 2025; European Central Bank, 2026; Stor . . .