Local time Wednesday, the European Central Bank released a significant report, "The International Role of the Euro." The report states that gold has surpassed the euro to become the world's second-largest reserve asset, a key indicator of central banks' asset diversification globally. While the US dollar still holds the top position, its market share is declining year by year, and the global de-dollarization trend continues. As gold rises, the dollar's market share as a global reserve currency continues to fall. The European Central Bank noted that in 2024 alone, the dollar's share of global foreign exchange reserves dropped by 2 percentage points, and although the euro's share slightly increased, the Japanese yen and Canadian dollar were the biggest winners. By the end of 2024, the dollar still held a 46% market share in global foreign exchange reserves, but it has declined by 10 percentage points over the past decade.