Central Banks Hold More Gold Than U.S. Treasuries for First Time Since 1996

A major shift in global reserve management is underway, as foreign central banks now hold more gold than U.S. Treasuries for the first time since 1996. This trend reflects a strategic pivot towards gold amid growing geopolitical uncertainties. Leading countries such as China, India, and Turkey are significantly increasing their gold reserves, according to data released by OMFIF. The People’s Bank of China boasts approximately 2,264 tonnes of gold, while the Reserve Bank of India holds about 880 tonnes. This movement is being driven by de-dollarization efforts and a desire to hedge against risk in an increasingly volatile global landscape.