US Gold Reserves Worth Nearly $1 Trillion In Value After Gold Prices Hit Another Record High

2025-09-29 10:13:27

(MENAFN- AsiaNet News)

U.S. gold reserves reportedly hit nearly $1 trillion in value after gold prices hit a record high in early morning trade on Monday.

Gold prices hit an intra-day high of $3,831.34 an ounce in early morning trade, according to TradingView data. According to a Bloomberg report, this puts the government's reserves – the value of which is based on the $42.22 per ounce price set by Congress in 1973 – at just over $11 billion. Adjusting the reserves' value to today's market prices would amount to nearly $990 billion.

Unlike many countries, the U.S. government holds its gold directly, while the Federal Reserve maintains gold certificates representing the Treasury's holdings and credits dollars accordingly.

Get updates to this developing story <directly on Stocktwits.

Read also: Why Cleveland Fed's Beth Hammack Remains Worried About Inflation: 'I'm Seeing It In The Services'

For updates and corrections, email newsroom[at]stocktwits[dot]com.

MENAFN29092025007385015968ID1110125349

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.