IAUM - Gold Overtakes Euro In Global International Reserves

2024-05-31 03:15:00 ET

Summary

• Sturdy central bank gold buying since 2009 and a rising gold price has grown the precious metal’s share of global international reserves to the detriment of fiat currencies.
• By the end of 2023, gold surpassed the euro and the next fiat currency to be challenged is the US dollar.
• The dollar’s share of total reserves appears to be falling slowly, from a peak of 72% in 2001 to 58% in 2023.

Sturdy central bank gold buying since 2009 and a rising gold price has grown the precious metal’s share of global international reserves to the detriment of fiat currencies. By the end of 2023, gold surpassed the euro and the next fiat currency to be challenged is the US dollar....

For further details see: