Gold becomes top reserve asset; is dollar dominance at risk?
Gold now accounts for 27 percent of global central bank reserves, overtaking US Treasuries as the world's largest reserve asset for the first time.
Gold has overtaken US Treasuries to become the world's largest reserve asset, now comprising 27 percent of global central bank reserves, according to recent data. Central banks are purchasing gold at a record pace, while China pushes to expand the yuan's role in the global financial system and BRICS nations seek to reduce dependence on the dollar.
Several factors are driving this shift, including the Iran conflict, the rising US debt burden, and uncertainty over President Donald Trump's tariffs. However, the US dollar still dominates global trade, finance, and foreign exchange. The world is not abandoning the dollar just yet, but the search for alternatives is accelerating, according to the report published on June 11, 2026.
