US Gold Reserves Soar To $1 Trillion As Prices Skyrocket Past $3,830 An Ounce—But Global Share Hits 90-Year Low - GraniteShares Gold Trust Shares of Beneficial Interest (ARCA:BAR), Goldman Sachs Physi

Core Insights - The market value of the United States' gold reserves has surpassed $1 trillion for the first time, driven by a significant increase in gold prices, which are nearing $3,840 per ounce [1][2] - Despite this high valuation, the U.S. share of global gold reserves has fallen to a 90-year low, currently holding only 20% of the world's gold, down from over 50% in the past [4][5] Market Valuation - The spot price of gold reached an all-time high of $3,831.33 before settling around $3,817, marking a nearly 44% increase over the past year [2] - The U.S. Treasury's recorded value of gold remains fixed at just over $11 billion, based on a statutory price of $42.22 per ounce set in 1973, contrasting sharply with the current market valuation [2] Global Influence - The U.S. has been passive in the gold market while other countries, such as China, Russia, and India, have been actively increasing their gold reserves since the 2008 Global Financial Crisis [3][4] - This shift has led to a significant reduction in the U.S. influence in the global gold market, prompting experts to suggest that U.S. policymakers may need to reconsider their strategy [5] Investor Sentiment - A recent Bank of America Global Fund Manager Survey indicates that 39% of fund managers have no allocation to gold in their portfolios, suggesting a cautious sentiment among institutional investors [6] - The lack of a speculative frenzy among investors indicates that the current rally in gold prices may have further potential for growth [5] Price Action and ETFs - Gold spot prices rose by 1.52% to around $3,817.57 per ounce, with several gold and gold miners linked exchange-traded funds (ETFs) showing strong year-to-date and one-year performance [7][8][9] - Notable gold ETFs include Franklin Responsibly Sourced Gold ETF, Goldman Sachs Physical Gold ETF, and GraniteShares Gold Trust, all showing significant returns [8][9]