Gold surpasses the dollar to become the largest global reserve asset.. So, what happened?

Gold has strengthened its position to become the largest global reserve asset, overtaking the dollar for the first time in decades, following a decline in the role of the US dollar in global reserves, with its share dropping below 50%. This notable shift reflects a profound change in central banks' approaches worldwide, according to data from Bloomberg and the International Monetary Fund.

In recent years, central banks' gold purchases have reached record levels, while the dollar's share has decreased in favor of diversifying reserves between gold and other currencies. This trend is seen as part of a broader process to reshape the global monetary system and reduce risks associated with a single dominant currency.