The U.S. Treasury’s gold reserves have surpassed one trillion dollars—more than 90 times the amount reported in the government’s balance sheet—after the precious metal hit record highs.
The world’s largest gold stockpile crossed this threshold after prices exceeded $3,824.50 per ounce on Monday, up 45 percent this year. However, its official valuation, based on the $42.22 per ounce price set by Congress in 1973, remains slightly above $11 billion.
Bullion has shattered consecutive records this year as investors sought a safe haven amid trade wars, geopolitical tensions, and growing concerns over a potential U.S. government funding crisis.
