Gold's share surpassed that of U.S. Treasurys, 22%, and the euro's slice of the pie, 15%. It rose from 20% a year earlier, largely because of surging gold prices, not bullion purchases by central banks. After years of rampant buying, their appetite for adding to gold holdings waned as the precious metal became more expensive (the price of gold has gone up by more than a third over the past 12 months).
Joe Wallace is a Reporter at The Wall Street Journal. He specializes in energy and mining, finance, and commodities, with a focus on topics such as energy trading, renewable energy, and energy policy and regulation. Joe's insights and reports have been featured in various esteemed publications, including MarketWatch, RealClearEnergy, and Yahoo Finance.
