For the first time in 29 years! The "top spot" of global reserve assets has changed hands, with gold officially surpassing U.S. Treasuries to reach the top! 👑

According to the latest data from the European Central Bank, by the end of 2025, the proportion of gold in global official reserves will rise to 27%, while U.S. Treasuries will decline to 22%. This shift is driven by the resonance of two forces:
1️⃣ Valuation effect: Gold prices soared nearly 60% in 2024-2025, significantly expanding central bank book values.
2️⃣ Central bank buying spree: In 2025, global central banks purchased over 850 tons of gold. Even if growth slows in 2026, "reducing U.S. Treasury holdings and increasing gold reserves" has become an irreversible long-term strategy.

In the short term, expectations of Federal Reserve rate hikes and a strong dollar continue to suppress gold prices; but in the long term, U.S. debt approaching $41 trillion and the fading credibility of the dollar make gold, as a "sovereign debt-free" safe haven, irreplaceable. Even during corrections, central banks will act as "natural buyers" to support prices.

Do you think gold prices can break through $5,000 in the future? Share your thoughts in the comments! 👇
#黄金# #美债