Gold has now become a novel asset in recent times, beating the US dollar from all sides. The Trump tariff haul, paired alongside deteriorating US economic stats, has been making gold appear shinier than ever. The asset has now become a top choice for global banks to hoard and stockpile at the moment, and has now become an asset that has surpassed US Treasury holdings held by foreign banks.
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Gold Seems to Be Unstoppable
Gold has now become a leading financial asset, beating all other major contenders out of the race. The asset has now claimed a major feat. Gold is now the leading asset held by foreign banks at the moment, surpassing the amount of US treasuries held by foreign banks, per the latest update by the whale insider.
“JUST IN: Foreign central banks now own more gold than U.S. Treasuries for the first time in almost 30 years.”
In addition to this, gold has been the top asset for the banks to stockpile this year. Global banks throughout the world continued to buy the precious yellow asset at a rapid pace, helping its price to skyrocket at the same time.
Per the latest update by the Kobeissi Letter, central banks have purchased nearly 830 tonnes of precious yellow metal in 2025, with 23 countries increasing their gold reserves in the first half of 2025.
“Central banks are buying unprecedented amounts of gold. Global central banks have bought an annualized +830 tonnes of gold in 2025. In the first half of 2025 alone, 23 countries increased their gold reserves. Central banks are now on track to buy twice as much as the annual average seen in 2011–2021 for the 4th consecutive year. This comes after central banks already bought +1,080, +1,051, and +1,089 tonnes of gold in 2022, 2023, and 2024, respectively. 2025 puts central banks on track for their 16th consecutive annual purchase, the longest streak on record. Before 2010, central banks had been net sellers of gold for 21 years straight. Central banks cannot stop buying gold.”
The Asset’s Future: What’s Next For The Yellow Metal
The precious yellow metal has recently slowed its pace a bit after claiming the ambitious $4K price mark. Per Rashad Hajiyev, a leading financial expert, the metal is undergoing a healthy correction and may resume its ascent soon, as Fed rate cut speculations gain further speed.
“Gold is consolidating gains after a very nice rally that started towards the end of August. I believe that the worst is over with no further material downside in gold while the Fed is preparing to start easing…”
Experts predict gold to correct around $3500; however, Hajiyev stated that the final $GLD ascension may help the asset gain an epic turnaround.
“I actually think it is very good that many analysts expect $3-3.5k GLD and $40-44 silver. This suggests that investors are still cautious and that they are not all into precious metals, which itself means that the bull run has steam left. On top of everything else, the Fed has not started cutting rates aggressively and initiated QE. The final leg in the cycle is going to be epic…”
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