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US gold reserves smash $1 trillion mark as precious metal hits fresh highs
New York Post· 2025-09-29 18:40
The value of America’s gold hoard has topped $1 trillion for the first time as bullion smashes through record highs.Prices surged above $3,824.50 an ounce on Monday, extending a 45% rally this year that has been fueled by safe-haven buying at a time of trade wars, geopolitical turmoil and fears of a government funding crisis.The US Treasury holds the world’s largest stockpile — about 261.5 million ounces — locked away in vaults at Fort Knox, West Point, Denver and the Federal Reserve Bank of New York. 3 T ...