GOLD has overtaken the euro to claim second place amongst global reserve assets held by central banks, propelled by ...

The precious metal made up around 20% of global official reserves at the end of 2024, overtaking the euro’s 16%, the central ...

The fallout from the European Central Bank’s crucial meeting on Thursday will have a very different effect on two key commodities: oil and gold. Mario Draghi, president of the European Central ...

Gold is now the second-most held reserve asset on Earth, right behind the U.S. dollar, and has officially overtaken the euro, ...

Gold and gold receivables held by euro zone central banks dropped 1 million euros to 286.7 billion euros in the week ending May 7, the European Central Bank said on Tuesday. Net foreign exchange ...

How does it work and what could be its consequences for the euro area economy and gold prices? Chart 1: ECB’s deposit rate from January 1999 to October 2019. In the ECB’s tiered system of ...

When the euro was launched, the European Central Bank held approximately 15% of its assets in gold. That ratio has remained reasonably stable, giving rise to a variety of chatter, including ...

The next leg of the gold rally may not be far away, however. If Mario Draghi, president of the European Central Bank, follows through on a hint last week that the ECB may step up bond buying ...

Gold and gold receivables held by euro zone central banks were unchanged at 433.778 billion euros in the week ending Aug. 10, the European Central Bank said on Tuesday. Net foreign exchange ...