The European Central Bank's latest report reveals that gold now constitutes 27% of global official reserve assets, surpassing U.S. Treasuries to become the leading asset in global reserves. According to Odaily, the report highlights that U.S. Treasuries have decreased to 22% of global official reserve assets, while other dollar-denominated reserve assets account for 20%, and euro reserve assets make up 15%. The significant increase in gold reserves is primarily attributed to valuation effects, driven by the sharp rise in international gold prices in 2024 and 2025, which has elevated the value of gold assets and expanded their share in global official reserves.