Gold Surpasses Euro To Become Second-Largest Reserve Asset, Still Far Behind Dollar, ECB Says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 12 2025
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Source: Benzinga
Gold Surpasses Euro as Reserve Asset: The euro has lost its status as the second-largest reserve asset globally, with gold now holding that position, driven by increased central bank purchases and record prices amid geopolitical tensions.
Surge in Central Bank Gold Purchases: Central banks have significantly increased their gold holdings, adding over 1,000 tons annually for the past three years, with countries like Türkiye, India, China, and Poland leading the demand to hedge against de-dollarization and economic instability.
Analyst Views on FXE
Wall Street analysts forecast FXE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FXE is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 108.440
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Current: 108.440
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
