Tag: gold exceeds U.S. Treasuries in global reserves since 1996

Global investors and foreign governments are quietly exiting U.S. assets. Norway’s $2.3 trillion sovereign wealth fund proposes cutting U.S. Treasury holdings by $80 billion. Central banks have sold $82 billion in U.S. Treasuries since February – the lowest level since 2012. For the first time since 1996, global central banks hold more gold than U.S.…