Gold overtakes U.S. Treasuries as the largest foreign reserve asset (economictimes.indiatimes.com)

The article says gold surpassed U.S. Treasuries in 2026 to become the largest foreign reserve asset held by central banks, reflecting record bullion buying and a sharp price rally. It notes official gold holdings have reached roughly 36,000 metric tons (near $4 trillion), exceeding Treasuries held abroad for the first time since the mid-1990s. Demand is attributed mainly to reserve diversification, inflation and fiscal concerns, and geopolitical risk, even as the U.S. dollar remains the dominant reserve currency overall.