⛏ Gold replaces US Treasuries as world’s top reserve asset

Hong Kong Efforts to Become Global Gold Hub Paying Dividends
Western markets – London, New York, and Switzerland – have dominated the gold trade for nearly two centuries. However, with gold progressively flowing from the West to the East, Hong Kong has been developing the infrastructure to become a major gold hub and challenge Western dominance. Those efforts are starting to pay off as Chinese gold imports from the Chinese Special Administrative Region (HKSAR) surged by 81.2 percent month-on-month in April. Read on »

Gold replaces US Treasuries as world’s top reserve asset
Gold has overtaken US government bonds as the world’s top reserve asset following years of relentless buying by central banks and a historic rally that has seen prices nearly double over the past two years. Bullion accounted for 27 per cent of all global central bank reserve assets at the end of 2025, up from 20 per cent a year earlier, according to a report published on Tuesday by the European Central Bank. Read on »

Copper on Track for Its Highest Monthly Close on Record
Copper has spent most of 2026 doing something it had not done in a quarter century: setting fresh records every few weeks. The COMEX contract printed an intraday all-time high of $6.71 per pound on May 13, and the May monthly close looks set to land at the top of the historical chart. In London, copper traded above $14,000 per tonne in mid-May, touching $14,196.50, within reach of the LME's January 29 record of $14,527.50. Read on »