Business
Gold Overtakes U.S. Debt as Top Global Reserve Asset, Central Banks Adjust Holdings
📅 June 02, 2026 06:00 ET
⏱ 1 min
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GazetaDay Editorial
For the first time, the debt of the world’s largest economy has lost its status as the primary reserve asset held by central banks globally, with gold assuming the top position.
Shift in Reserve Composition
Central banks worldwide have realigned their holdings, moving away from United States government debt in favor of gold. This marks a historic shift in the composition of global foreign exchange reserves, as U.S. Treasury securities had long been the dominant reserve asset.
Central Bank Adjustments
In response to the changing landscape, monetary authorities across multiple countries have been actively increasing their gold reserves while reducing exposure to dollar-denominated debt. The rebalancing reflects a broader diversification strategy among official reserve managers.
Market Context
As of June 02, 2026, the Russian ruble trades at 71.55 against the U.S. dollar (change: +0.53) and at 86.25 against the euro (change: +3.61). Bitcoin is priced at $69,315, down 4.8% over the past 24 hours. Crude oil is estimated at approximately $72 per barrel.
GoldCentral BanksUS DebtReserve AssetsGlobal EconomyMonetary PolicySovereign Wealth