US Treasury’s gold reserves surpassed $1 trillion in value on Tuesday, following the XAU/USD index reaching an all-time high of $3,871. The value of the gold stash is 90 times more than what’s stated on the government’s balance sheets. For the uninitiated, the US Congress had set a price of $42.22-an-ounce in 1971, fixing it at just over $11 billion. It is now $3,871-an-ounce and the US now holds the biggest stash in the world.

The US now holds 261.5 million ounces of gold in its reserves, according to the latest Treasury data and around half of these reserves are held in Fort Knox, in a deep storage vault beside the US Army base. The rest of the reserves are spread in depositories in Denver and an 80-foot deep vault below the Federal Reserve’s building in Manhattan, New York.

Taking the value in tonnes, the US Treasury holds around 8,100 tonnes of gold. Germany comes at a distant second with 3,400 tonnes of the precious metal. It is followed by Italy and France at 2,500 and 2,400 tonnes of the metal. The US is the largest holder of gold and benefits immensely when its value soars.

Also Read: Best Time To Invest in Copper: Bank of America Predicts $11,000 Target

Gold Prices Nearing $4,000: US Treasury Swells With Profits

Gold prices have surged 45% year-to-date and are among the top-performing assets in the commodity markets. The precious metal has broken successive records in 2025 as investors seek safety in the face of economic turbulence from tariffs and trade wars. The US is benefiting from the trade wars, with the value of its reserves rising.

Also Read: Top US Crypto Regulator Adrienne Harris Resigns

While the central banks of other countries are actively accumulating gold, they come nowhere near the US Treasury’s holdings. Several analysts have predicted that the precious metal could climb above the $4,000 mark next. This makes the commodity attract bullish sentiments as it has rarely dipped in the last two years.