How the ECB’s Mark-to-Market of its Gold Holdings to €1 Trillion and €3.1 Trillion in QT Affect its Balance Sheet

wolfstreet.com/2025/05/28/how-the-ecbs-mark-to-market-of-its-gold-holdings-to-e1-trillion-and-e3-1-trillion-in-qt-affect-its-balance-sheet

Under QT, the ECB shed €3.1 trillion in bonds and loans. Separately, it wrote up its gold assets by €409 billion, or by 68%, to reflect soaring gold prices.
By Wolf Richter for WOLF STREET.
The ECB values its holdings of “gold and gold receivables” at market prices in euros. Every…

This story appeared on wolfstreet.com, 2025-05-28 19:24:00.
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