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Why Gold Didn't Actually Overtake Treasury Securities as the World's Favorite Reserve Asset

This primary source from Board of Governors of the Federal Reserve System supports 1 claim across 1 ledger entry.

Publisher
Board of Governors of the Federal Reserve System
Published
2026-09-03
Source quality
primary

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Claims supported by this source

  1. analysisdocumented

    In September 2026, Federal Reserve researcher Colin Weiss argued that gold's rising reserve value mainly reflected price appreciation and large legacy holdings, rather than a sudden acceleration in central-bank purchases. His analysis distinguishes the aggregate including U.S. gold from foreign official Treasury holdings, which exclude U.S. holdings by definition.

    Opening; Valuation gains; The role of U.S. gold reserves; author disclaimer

    Fed researcher separates gold price gains from reserve managers abandoning Treasuries · Published researcher analysis, not a Federal Reserve policy determination