Global Gold Reserves vs. Global Dollar Reserves Amid rising geopolitical tensions and a shifting global financial landscape, central banks worldwide are increasingly favoring gold over the U.S. dollar as a reserve asset. Image: Blomberg
Gold Reserves As % of Total Holdings Emerging market central banks continue to hold significantly less gold than their developed counterparts, suggesting a potential for increased future allocations that could provide sustained support for gold prices. Image: Goldman Sachs Global Investment Research
Gold Reserves by Country The United States has the largest gold reserve, followed by Germany. Image: IMF
Gold Reserves Around the World The U.S. has the world’s largest gold reserves, followed by Germany, the International Monetary Fund (IMF) and France. Image: howmuch.net Click the Image to Enlarge
Gold – Composition of Global Official Reserves Driven by record central bank purchases and a sharp rise in price, gold has surpassed the euro as the world’s second-largest reserve asset. Image: Financial Times
U.S. Dollar vs. Gold – Share in Global Reserves As countries and central banks seek to reduce their reliance on the U.S. dollar for reserves and international trade, gold has emerged as the preferred alternative asset. Image: Societe Generale Cross Asset Research
International Liquidity by Country – Total Reserves Excluding Gold, U.S. Dollars USA holds $115 billion and China holds over $3 trillion in reserves. Image: howmuch.net
Annual Change in Gold Demand Central banks’ gold demand has grown by 11.5% annually since 2019, fueling the current price rally as they aim to diversify reserves. While gold excels as a crisis hedge, it hasn’t consistently delivered long-term alpha for investors. Image: J.P. Morgan Asset Management
Physical Gold Held by all Gold ETFs Globally While central banks are increasing their gold reserves as a hedge against economic uncertainty and currency risks, global gold ETFs continue to see a decline in investor interest. Image: J.P. Morgan
Performance of Gold and Fed Cutting Cycles Federal Reserve interest rate cuts are often perceived as favorable for gold prices, particularly during periods of economic downturn. Image: Goldman Sachs Global Investment Research
U.S. Dollar Share of Allocated Reserves The share of the U.S. dollar in global reserves has decreased and now stands at 59%. Image: Goldman Sachs Global Investment Research