How much gold reserves does the United States hold?
Published On Feb 17, 2025, 6:25 PM
The article discusses the U.S. gold reserves, which are recorded in monthly reports by the Treasury Department. As of the latest report, the U.S. holds approximately 147.3 million troy ounces of gold at Fort Knox, valued at around $6.2 billion based on book value. Other locations like the West Point Mint and Denver Mint also hold significant amounts totaling over 54 million and 43.8 million troy ounces, respectively. The total market value of gold is roughly $2,900 per troy ounce, which is significantly higher than the book value recorded by law.
Stock Forecasts
GLD
Positive
The ongoing discussions and scrutiny surrounding U.S. gold reserves, particularly with Elon Musk's recent comments prompting calls for an audit, could lead to increased interest in gold investments.
Related News
Elon Musk's DOGE prepares to audit US gold reserves at Fort Knox after urging by Sen. Rand Paul
Feb 17, 2025, 11:02 AM
Tech mogul Elon Musk could bring DOGE to Ft. Knox to audit the massive gold reserve stored on base after Sen. Rand Paul revealed it isn't subject to a yearly review.
Gold Advances on Mounting Anxiety Over Trump Tariff Plans
Feb 17, 2025, 12:15 AM
(Bloomberg) -- Gold advanced, following its biggest one-day decline in two months, on nervousness over President Donald Trump’s latest trade threats. Most Read from BloombergProgressive Portland Plots a ComebackWhy American Mobility Ground to a HaltA Filmmaker’s Surreal Journey Into His Own Private WinnipegHow to Build a Neurodiverse CitySpaceX Bid to Turn Texas Starbase Into City Is Set for Vote in MayBullion traded near $2,900 an ounce, after tumbling 1.6% on Friday. The gains on Monday came e
Stock market today: Dow rises, Nasdaq slips as Powell testifies, key inflation data looms
Feb 11, 2025, 4:59 PM
Investors are braced for more Trump tariffs as focus turns to inflation and Fed Chair Jerome Powell's Senate testimony.