Miner Company
Gold Vs. Debt: Navigating The Historical Shift In Global Central Bank Reserves
Foreign central banks are reallocating, not abandoning, US Treasuries—partially shifting custody from the NY Fed to Euroclear and Clearstream for diversification and risk mitigation. Total foreign official holdings of US Treasuries remain near all-time highs, but the pace of accumulation has slowed, with a marked preference for gold since 2022.
Foreign central banks are reallocating, not abandoning, US Treasuries—partially shifting custody from the NY Fed to Euroclear and Clearstream for diversification and risk mitigation. Total foreign official holdings of US Treasuries remain near all-time highs, but the pace of accumulation has slowed, with a marked preference for gold since 2022.