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Artemis II is now on a looping path that will carry the crew around the far side of the Moon and back again. It is the first time since 1972 that humans have travelled outside the Earth’s orbit.
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Read the original on www.bbc.com »
Legal intern Raj Gambhir was the principal author of this post.
The Trump administration has restricted the First Amendment right to record law enforcement by issuing an unprecedented nationwide flight restriction preventing private drone operators, including professional and citizen journalists, from flying drones within half a mile of any ICE or CBP vehicle.
In January, EFF and media organizations including The New York Times and The Washington Post responded to this blatant infringement of the First Amendment by demanding that the FAA lift this flight restriction. Over two months later, we’re still waiting for the FAA to respond to our letter.
The First Amendment guarantees the right to record law enforcement. As we have seen with the extrajudicial killings of George Floyd, Renée Good, and Alex Pretti, capturing law enforcement on camera can drive accountability and raise awareness of police misconduct.
The FAA regularly issues temporary flight restrictions (TFRs) to prevent people from flying into designated airspace. TFRs are usually issued during natural disasters, or to protect major sporting events and government officials like the president, and in most cases last mere hours.
Not so with the restriction numbered FDC 6/4375, which started on January 16, 2026. This TFR lasts for 21 months—until October 29, 2027—and covers the entire nation. It prevents any person from flying any unmanned aircraft (i.e., a drone) within 3000 feet, measured horizontally, of any of the “facilities and mobile assets,” including “ground vehicle convoys and their associated escorts,” of the Departments of Defense, Energy, Justice, and Homeland Security. Violators can be subject to criminal and civil penalties, and risk having their drones seized or destroyed.
In practical terms, this TFR means that anyone flying their drone within a half mile of an ICE or CBP agent’s car (a DHS “mobile asset”) is liable to face criminal charges and have their drone shot down. The practical unfairness of this TFR is underscored by the fact that immigration agents often use unmarked rental cars, use cars without license plates, or switch the license plates of their cars to carry out their operations. Nor do they provide prior warning of those operations.
While the FAA asserts that the TFR is grounded in its lawful authority, the flight restriction not only violates multiple constitutional rights, but also the agency’s own regulations.
First Amendment violation. As we highlighted in the letter, nearly every federal appeals court has recognized the First Amendment right of Americans to record law enforcement officers performing their official duties. By subjecting drone operators to criminal and civil penalties, along with the potential destruction or seizure of their drone, the TFR punishes—without the required justifications—lawful recording of law enforcement officers, including immigration agents.
Fifth Amendment violation. The Fifth Amendment guarantees the right to due process, which includes being given fair notice before being deprived of liberty or property by the government. Under the flight restriction, advanced notice isn’t even possible. As discussed above, drone operators can’t know whether they are within 3000 horizontal feet of unmarked DHS vehicles. Yet the TFR allows the government to capture or even shoot down a drone if it flies within the TFR radius, and to impose criminal and civil penalties on the operator.
Violations of FAA regulations. In issuing a TFR, the FAA’s own regulations require the agency to “specify[] the hazard or condition requiring” the restriction. Furthermore, the FAA must provide accredited news representatives with a point of contact to obtain permission to fly drones within the restricted area. The FAA has satisfied neither of these requirements in issuing its nationwide ban on drones getting near government vehicles.
We don’t believe it’s a coincidence that the TFR was put in place in January 2026, at the height of the Minneapolis anti-ICE protests, shortly after the killing of Renée Good and shortly before the shooting of Alex Pretti. After both of those tragedies, civilian recordings played a vital role in contradicting the government’s false account of the events.
By punishing civilians for recording federal law enforcement officers, the TFR helps to shield ICE and other immigration agents from scrutiny and accountability. It also discourages the exercise of a key First Amendment right. EFF has long advocated for the right to record the police, and exercising that right today is more important than ever.
Finally, while recording law enforcement is protected by the First Amendment, be aware that officers may retaliate against you for exercising this right. Please refer to our guidance on safely recording law enforcement activities.
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Read the original on www.eff.org »
My phone beeped. It was 10pm in the middle of a busy week in book publishing — London Book Fair 2025. My colleagues were alerting me to a tweet by Andy Stone, a spokesman at Meta (formerly Facebook). It was short and to the point: “This ruling affirms that Sarah Wynn-Williams’s false and defamatory book should never have been published.”
The book in question was Careless People, a gripping and explosive account of Sarah’s time working at Facebook as director of global public policy from 2011 to 2017. The “ruling” to which Stone referred was made by a US arbitrator after Meta sought an injunction, banning Sarah from promoting her own book or saying anything negative about Meta, potentially for ever.
I am Sarah’s editor at Pan Macmillan. Like all publishers, I typically work behind the scenes to amplify the voices of our authors. I am only writing this because she cannot.
The day after Stone’s March 12 tweet, Careless People was due to be released in the UK. Drawing on documentary evidence, it details a staggering range of allegations, including sexual harassment, the deliberate manipulation of vulnerable teenagers and the company’s alleged complicity in genocide. It also accuses Facebook of hypocrisy regarding censorship, alleging the company worked “hand in glove” with the Chinese Communist Party. But it was perhaps the personal portraits of top executives that were most damning.
The ruling, awarded without proper notice by an emergency arbitrator (a non-court mediator that is part of the American Arbitration Association), actually said nothing about the truth or otherwise of Sarah’s devastating claims in her book. It made no mention of defamation. Instead, it relied on a non-disparagement clause in her severance agreement with Facebook to silence her. Which it did, from March 13, 2025, her publication day. We could still publish the book, but our author could not talk about it. Sarah was left in an unprecedented and unenviable position for an author, reminiscent of an Orwellian nightmare. Today, she has to police her own speech, facing fines of $50,000 for every statement that could be seen to be “negative or otherwise detrimental” to Meta.
Despite her residing in the UK, the terms of the order are so broad that they extend to the privacy of her own home, even when speaking to her own family. The $50,000 fines could apply individually to the many statements in her book too. She faces financial ruin from a multi-trillion-dollar company seeking millions of dollars she doesn’t have, as part of the ongoing legal process which is yet to conclude — and all for revealing information that is in the public interest. She is an award-winning, bestselling author. But her voice has been taken away.
In some ways, Meta’s intervention did us, as her publishers, a favour. Careless People was always likely to be a bestseller. But when readers realised that Meta was trying to suppress it, the book became a global phenomenon. To date we’ve sold almost 200,000 copies. It has received rave reviews and created a media firestorm for its revelations. But also because of the bitter irony in Meta’s legal action to silence Sarah.
In January 2025, only a few months before it was published, chief executive Mark Zuckerberg had stated that it was “time to get back to our roots around free expression”. They had abandoned the use of independent fact-checkers, claiming they were biased and encouraged censorship. Yet, in truth, free speech only mattered when it wasn’t used to interrogate Meta itself.
Companies like Meta are wealthier than some countries and more powerful too. They own the technology behind the modern world. We have published books about highly influential individuals before and, in my experience, they tend not to like it and have well resourced legal teams behind them. But Meta’s leadership had a different level of power. So Careless People was brought to publication in an aura of secrecy and (it turns out justified) paranoia.
A very small team worked on the book. We communicated on encrypted channels and whenever it was discussed, those not involved had to leave the room. There was a rumour in our office that it might be Taylor Swift’s memoir. Sarah didn’t even tell her mum she had written it before the news was made public.
Usually, we announce our books to retailers many months in advance. This is so they can build pre-orders and sort the logistics of getting them to bookshops in good time. After all, they deal with thousands of new titles released every week. With Careless People, the months rolled by and yet we kept delaying our announcement, conscious of potential attempts to quash it. Our incredible sales team managed to convince retailers — including a number of supermarkets — to stock the book without even telling them what it was, but retailers’ patience had limits. When we finally did announce the book, it was just a week before publication (again unprecedented) and we had no idea what to expect.
Sarah went on a publicity blitz. She did her first and only print interview with Rosamund Urwin for this paper. In a whirlwind 24 hours, she jetted off to New York for an interview with NBC, flying back overnight for an interview the following day with the BBC in our offices. She hadn’t slept and arrived straight from the airport at dawn. One of the world’s most significant whistleblowers showered in our basement and used a tote bag from our children’s department as a towel. Who says that publishing isn’t glamorous?
But the publicity tour stopped only a week after it had begun, on the day of our publication and the ruling. The audiobook, recorded in secret before the gag order took effect, soon became the only way to hear Sarah speak. And the book? Well, Meta’s spokesman, Stone, called it “a mix of out-of-date and previously reported claims about the company and false accusations about our executives”. Yet not everyone agreed.
In April 2025, Sarah was called to give evidence to a US Senate subcommittee, alleging that she saw Meta executives “repeatedly undermine US national security and betray American values” by providing the Chinese Communist Party with access to the data of Meta users. The chairman, Republican Senator Josh Hawley, concluded the hearing by saying: “I have a message to Mark Zuckerberg, as well. It’s time for you to tell the truth. You should come to this committee and take an oath and sit where Ms Wynn-Williams is sitting now and answer this evidence. Stop trying to silence her.” He is yet to appear almost a year later.
In the UK, Careless People was also sent to all MPs by the Molly Rose Foundation, a charity set up to prevent suicide in people under 25. Its chief executive Andy Burrows said: “Her claims that Meta cynically exploited the wellbeing of teenage girls to grow its advertising revenue will deeply disturb parents and put the conduct of Meta’s leadership under the spotlight.”
Last Wednesday, Mark Zuckerberg was forced to give evidence in a landmark social media addiction trial in Los Angeles, which has the potential to set new precedents, holding social media companies legally responsible for their impact on children and adolescents.
While Zuckerberg defends his record in court, Sarah sits in London, legally gagged. She cannot comment on the trial. She cannot discuss the very book that helped spark this global conversation. With the paperback to come out this Thursday, Sarah’s fate remains uncertain and the legal process rumbles on slowly in the US. Yet she retains her fighting spirit, as well as the dry humour that is richly on display in Careless People. I feel hugely honoured to have worked with her and have gained a new appreciation of the personal sacrifices that whistleblowers make for the greater good.
Careless People exposed what Sarah termed a culture of “lethal carelessness”. Meta’s response —ruthless and chilling — proved her point better than any marketing campaign ever could. But while they have stopped her from speaking, they could not stop you from reading. And that is why books that hold power to account are more important than ever.
Mike Harpley is publisher, non-fiction at Pan, part of Pan Macmillan, and the editor of Careless People: A Story of Where I Used to Work by Sarah Wynn-Williams, published in paperback by Pan on February 26, £10.99.
Careless People by Sarah Wynn-Williams (Pan Macmillan £10.99). To order a copy go to timesbookshop.co.uk. Free UK standard P&P on orders over £25. Special discount available for Times+ members.
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Read the original on www.thetimes.com »
Federal data shows the tech giant filed for over 3,000 foreign worker visas as it cuts thousands of American jobs.
Federal data shows the tech giant filed for over 3,000 foreign worker visas as it cuts thousands of American jobs.
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Oracle, the software company headquartered in Austin, Texas, has filed thousands of petitions for H-1B visas in the past two fiscal years, even as it lays off thousands of American workers as part of a broader organizational shift. Federal data shows Oracle filed for 2,690 H-1B visas in fiscal year 2025 and 436 so far in fiscal year 2026, totaling over 3,100 visa requests.
The H-1B visa program allows companies to temporarily employ foreign workers with specialized skills, often in the tech industry. Critics argue the program is used to replace American workers with cheaper foreign labor, while supporters say it helps fill crucial talent gaps. Oracle’s visa filings amid mass layoffs raise questions about the company’s motivations and the broader debate over the H-1B program’s impact on the American workforce.
According to U. S. Citizenship and Immigration Services data, Oracle America Inc. filed for 2,690 H-1B visas for fiscal year 2025 and 436 so far for fiscal year 2026. This comes as Oracle reportedly began laying off thousands of employees this week, with workers receiving letters stating ‘today is your last working day.’ The company has not provided public comment on the layoffs or the H-1B visa filings.
* Oracle filed for 2,690 H-1B visas for fiscal year 2025, which covers October 1, 2024 to September 30, 2025.
* Oracle filed for 436 H-1B visas so far for fiscal year 2026, which runs from October 1, 2025 to September 30, 2026.
The full impact of Oracle’s layoffs and H-1B visa filings remains to be seen, as the company has not provided detailed public comment on its workforce changes and foreign worker hiring plans.
The takeaway
Oracle’s actions raise concerns about the company potentially replacing American workers with cheaper foreign labor through the H-1B visa program, even as it undergoes a major organizational shift. This case highlights the ongoing debate over the H-1B program’s impact on the U.S. workforce and the need for greater transparency from companies utilizing the program.
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Read the original on nationaltoday.com »
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OpenClaw before 2026.3.28 contains a privilege escalation vulnerability in the /pair approve command path that fails to forward caller scopes into the core approval check. A caller with pairing privileges but without admin privileges can approve pending device requests asking for broader scopes including admin access by exploiting the missing scope validation in extensions/device-pair/index.ts and src/infra/device-pairing.ts.
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OpenClaw before 2026.3.28 contains a privilege escalation vulnerability in the /pair approve command path that fails to forward caller scopes into the core approval check. A caller with pairing privileges but without admin privileges can approve pending device requests asking for broader scopes including admin access by exploiting the missing scope validation in extensions/device-pair/index.ts and src/infra/device-pairing.ts.
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Read the original on nvd.nist.gov »
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Read the original on arxiv.org »
Nicholas Carlini, a research scientist at Anthropic, reported at the [un]prompted AI security conference that he used Claude Code to find multiple remotely exploitable security vulnerabilities in the Linux kernel, including one that sat undiscovered for 23 years.
Nicholas was astonished at how effective Claude Code has been at finding these bugs:
We now have a number of remotely exploitable heap buffer overflows in the Linux kernel. I have never found one of these in my life before. This is very, very, very hard to do.With these language models, I have a bunch.
What’s most surprising about the vulnerability Nicholas shared is how little oversight Claude Code needed to find the bug. He essentially just pointed Claude Code at the Linux kernel source code and asked, “Where are the security vulnerabilities?”
Nicholas uses a simple script similar to the following:
The script tells Claude Code that the user is participating in a capture the flag cybersecurity competition, and they need help solving a puzzle.
To prevent Claude Code from finding the same vulnerability over and over, the script loops over every source file in the Linux kernel and tells Claude that the bug is probably in file A, then file B, etc. until Claude has focused on every file in the kernel.
In his talk, Nicholas focused on a bug that Claude found in Linux’s network file share (NFS) driver which allows an attacker to read sensitive kernel memory over the network.
Nicholas chose this bug to show that Claude Code isn’t just finding obvious bugs or looking for common patterns. This bug required the AI model to understand intricate details of how the NFS protocol works.
The attack requires an attacker to use two cooperating NFS clients to attack a Linux NFS server:
(1) - Client A does a three-way handshake with the NFS server to begin NFS operations.
(2) - Client A requests a lock file. The server accepts, and the client acknowledges the acceptance.
(3) - Client A acquires the lock and declares a 1024-byte owner ID, which is an unusually long but legal value for the owner ID. The server grants the lock acquisition.
The attacker then spins up a second NFS client, Client B, to talk to the server:
(4) Client B does a three-way handshake with the NFS server to begin NFS operations, same as (1) above.
(5) Client B requests access to the same lock file as Client A from (2). The NFS server accepts, and the client acknowledges the acceptance.
(6) Client B tries to acquire the lock, but the NFS server denies the request because client A already holds the lock.
The problem is that at step (6), when the NFS server tries to generate a response to client B denying the lock request, it uses a memory buffer that’s only 112 bytes. The denial message includes the owner ID, which can be up to 1024 bytes, bringing the total size of the message to 1056 bytes. The kernel writes 1056 bytes into a 112-byte buffer, meaning that the attacker can overwrite kernel memory with bytes they control in the owner ID field from step (3).
Fun fact: Claude Code created the ASCII protocol diagrams above as part of its initial bug report.
This bug was introduced in the Linux kernel in March 2003:
The bug is so old, I can’t even link directly to it because it predates git, which wasn’t released until 2005.
Nicholas has found hundreds more potential bugs in the Linux kernel, but the bottleneck to fixing them is the manual step of humans sorting through all of Claude’s findings:
I have so many bugs in the Linux kernel that I can’t report because I haven’t validated them yet… I’m not going to send [the Linux kernel maintainers] potential slop, but this means I now have several hundred crashes that they haven’t seen because I haven’t had time to check them.
I searched the Linux kernel and found a total of five Linux vulnerabilities so far that Nicholas either fixed directly or reported to the Linux kernel maintainers, some as recently as last week:
What’s striking about Nicholas’ talk was how rapidly large language models have improved at finding vulnerabilities. Nicholas found these bugs using Claude Opus 4.6, which Anthropic released less than two months ago. He tried to reproduce his results on older AI models, and discovered that Opus 4.1 (released eight months ago) and Sonnet 4.5 (released six months ago) could find only a small fraction of what Nicholas found using Opus 4.6:
I expect to see an enormous wave of security bugs uncovered in the coming months, as researchers and attackers alike realize how powerful these AI models are at discovering security vulnerabilities.
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Read the original on mtlynch.io »
A new military service law took effect in Germany at the start of 2026 aimed at boosting the strength of the armed forces amid threats to European security in the wake of Russia’s ongoing war against Ukraine.
The legislation was contentious and many people even took to the streets to protest the potential reintroduction of mandatory military service — after conscription was suspended in 2011 — for men.
But another provision in the law has so far gone largely unnoticed.
It relates to a requirement for men between the ages of 18 and 46 to “obtain an approval from the relevant Bundeswehr Career Center if they wish to leave the Federal Republic of Germany for more than three months.”
The Frankfurter Rundschau, which reported on the provision on Friday, said the rule would apply regardless of whether a German man “planned a semester of studying abroad, working in a foreign country or going on a backpacking trip around the world.”
A Bundeswehr spokesperson confirmed the report, telling the DPA news agency that in the event of a war breaking out, the military needed to know how many men were living long-term outside the country.
While the law requires men to request the permit, the spokesperson clarified, it also obliges the military career center to issue it, if “no specific military service is expected during the period in question.”
“Since military service under current law is based exclusively on voluntary participation, such permissions must generally be granted,” the official added.
Acknowledging the “profound” impact of the amended conscription law, the Defense Ministry said it is working on new rules for exceptions to the exit permit requirement.
It’s unclear what consequences men who leave the country for longer than three months without the proper permit will face.
When asked, the ministry spokesperson pointed out that “the regulation was already in place during the Cold War and had no practical relevance; in particular, there are no penalties for violating it.”
The new law that took effect on January 1, the so-called Military Service Modernization Act, aims to raise the number of active-duty soldiers from roughly 180,000 men and women at present to 260,000 by 2035.
The legislation laid down the path to reach that goal.
After heated debates, they finally agreed on a compromise, deciding that military service would remain voluntary for the time being.
At the same time, starting from this year, all men turning 18 will have to fill out a form answering questions about their education, health status and willingness to serve in the armed forces.
For women, answering the questions is voluntary, as they cannot be required to perform military service under the Constitution.
From mid-2027, all men turning 18 will also be required to appear for a fitness test to determine who could be drafted in the event of conflict — a highly controversial measure that has been slammed by critics as a first step towards full conscription.
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Read the original on www.dw.com »
››››Gold overtakes U. S. Treasuries as the world’s largest foreign reserve asset in 2026 — can gold challenge the U.S. dollar’s dominance and hold its ground?
The Economic Times daily newspaper is available online now.
Gold overtakes U. S. Treasuries as the world’s largest foreign reserve asset in 2026 — can gold challenge the U.S. dollar’s dominance and hold its ground?Gold overtakes U.S. Treasuries as the world’s largest foreign reserve asset in 2026: Gold has crossed a historic milestone. In 2026, it overtook U.S. Treasuries to become the world’s largest foreign reserve asset by value. Central banks now hold close to $4 trillion worth of gold, driven by record buying and a sharp price rally above $4,500 an ounce in 2025. According to data tracked by the World Gold Council, official gold reserves reached roughly 36,000 metric tons by early 2026. At current prices, that stockpile is now worth more than foreign-held U.S. Treasuries.Listen to this article in summarized formatGold overtakes U.S. Treasuries as the world’s largest foreign reserve asset in 2026 — will gold dethrone the U.S. dollar as the global reserve anchor long term?Gold overtakes U.S. Treasuries as the world’s largest foreign reserve asset in 2026: Gold has climbed past U.S. government bonds to become the largest foreign reserve asset held by central banks worldwide, marking a major shift in global financial markets. The total value of gold held by foreign official institutions is now approaching $4 trillion, exceeding roughly $3.9 trillion in U.S. Treasury holdings for the first time since 1996.
The milestone comes amid a record rally in gold prices, broadening geopolitical risk, and aggressive bullion accumulation by central banks. Gold ended 2025 up more than 70%, briefly topping $4,500 an ounce in late December before maintaining high levels in early January 2026.
The journey to $4,500 gold was paved by global instability. Throughout 2025, escalating Middle East tensions created a “fear premium” that investors could not ignore. Conflict in key energy corridors reminded the world of the fragility of the global supply chain. Simultaneously, domestic policy uncertainty in the United States—ranging from debt ceiling debates to shifts in trade tariffs—shook confidence in the greenback.
Central bank governors in emerging markets, particularly in Asia and Eastern Europe, were the primary drivers of this demand. These institutions added over 1,100 tonnes of gold to their vaults in 2025 alone. They viewed the metal as a critical shield against inflation and potential asset freezes. As the U.S. national debt crossed the $38 trillion threshold, the “safe-haven” appeal of Treasuries weakened, leaving gold as the last standing pillar of financial stability.
Central banks have been accumulating gold at persistent high levels over the past several years. Holdings now total roughly 36,000–37,000 tonnes, placing gold’s share of global official reserves at around 25–27%, a historic high compared with Treasuries and major fiat currencies.
This massive accumulation is driven by several factors:
Diversification away from dollar‑denominated assets amid fears of policy unpredictability and fiscal strain in the United States.Safe‑haven demand in an era of growing geopolitical tension and market volatility.Central banks from emerging markets and advanced economies alike have joined the buying trend. Nations such as China, India, Turkey, and Qatar regularly appear among the top purchasers. In some cases, these purchases reflect efforts to reduce dependence on foreign currency reserves that may be vulnerable to sanctions or rapid exchange‑rate swings.
Historically, central bank gold purchases averaged around 473 tonnes annually over much of the 2010s. Recent annual purchases have more than doubled that pace, signaling a structural shift in global reserve management.
Gold’s rise as a reserve asset has been reinforced by intensifying geopolitical flashpoints worldwide, which have driven safe‑haven demand from both official buyers and private investors.
In 2025, renewed conflict between Israel and Iran, including airstrikes and military escalations, pushed investors toward gold. Safe‑haven bids emerged as markets feared broader regional instability.
In early 2026, U.S. special forces captured Venezuelan President Nicolás Maduro, heightening geopolitical tension and prompting renewed interest in gold and other havens. Precious metals, including gold and silver, saw sharp price advances in the days following the operation.
Meanwhile, Iran is experiencing deep unrest and economic turmoil, with widespread protests and rising inflation. These factors are compounding risks in the Middle East and reinforcing gold’s role as a hedge against uncertainty.
Analysts note that these conditions — rather than any single event — are cumulatively reshaping reserve strategies. When central banks perceive heightened risk of conflict, sanctions, or instability, they tend to boost holdings of assets with no counterparty risk. Gold, unlike bonds or fiat currencies, cannot default or be frozen under sanction regimes.
Despite this dramatic shift, the U.S. dollar remains the world’s dominant reserve currency, accounting for an estimated 45–58% of total foreign exchange reserves depending on valuation methods.
Gold’s overtaking of Treasuries as a reserve asset does not yet mean it has surpassed the dollar overall, but it does highlight structural shifts in how nations manage risk and diversification.
Economists note that while Treasury securities remain prized for liquidity and deep secondary markets, political polarization, fiscal deficits, and monetary policy uncertainties may be prompting reserve managers to reduce exposure to debt instruments.
This trend is reinforced by forecasts that safe-haven assets like gold are poised for continued structural demand in 2026 and beyond. Recent estimates suggest gold prices could approach or exceed $4,800 per ounce on sustained central bank buying and weaker dollar trends.
The shift in reserve composition carries broad implications for financial markets, investors, and policymakers:
Reserve diversification: Countries may opt for a balanced reserve base including gold, Treasuries, and other assets to ensure both liquidity and safety.Currency markets: Reduced reliance on U.S. debt could gradually dampen demand for dollar-denominated securities, widening global currency diversification.Inflation and interest rates: Persistent gold demand may indicate cautious sentiment on inflation and real yields, influencing central bank policy.Investor psychology:Gold’s rising status reinforces confidence in traditional store-of-value assets during times of uncertainty.As we move deeper into 2026, the question is whether gold can hold its ground. Most market analysts believe the rally has further to run. Forecasts from major investment banks suggest gold could average $5,000 per ounce by the end of the year. The rationale is simple: the factors that drove the 2025 surge—geopolitical friction and high debt—have not been resolved.
Sustained buying is expected to continue as central banks aim for a 20% to 25% gold-to-reserve ratio. Many developing nations still hold less than 10% of their wealth in gold. If these countries continue their diversification strategy, the influx of capital could keep prices elevated for years. For the first time in the modern era, gold is not just a backup; it is the primary engine of global wealth preservation.
Q: Why has gold overtaken U.S. Treasuries as the largest foreign reserve asset?
A: Foreign central banks now hold nearly $4 trillion in gold, exceeding $3.9 trillion in Treasuries. Rising gold prices, geopolitical tensions, and diversification away from dollar assets are driving this historic shift. Central banks aim to reduce risk and protect reserves from fiscal and geopolitical uncertainties.
Q: Which countries are leading in gold reserve accumulation?
A: Major buyers include China, India, Turkey, and Qatar, among others. Central banks have increased annual purchases to more than 900–1,000 tonnes, more than double the 2010s average. This reflects a global trend of rebalancing reserves toward gold for stability and safe-haven protection.
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Will gold retain its dominance as a global reserve asset after dethroning U.S. Treasuries tied to the dollarGold surpasses: US Treasuries global reservesGold overtakes Treasuriesreserve asset shiftcentral banks gold holdings 2026 Download The Economic Times News App to get Daily International News Updates.Will gold retain its dominance as a global reserve asset after dethroning U.S. Treasuries tied to the dollarGold surpasses: US Treasuries global reservesGold overtakes Treasuriesreserve asset shiftcentral banks gold holdings 2026 Download The Economic Times News App to get Daily International News Updates.Trump announces Reliance investment in new US oil refinery‘Priyanka as LoP would perform better’: Rijiju swipes at RahulTuesday will be ‘most intense day’ of strikes on Iran: HegsethHow to build a truly diversified portfolio: TGT Episode 17Trump announces Reliance investment in new US oil refinery‘Priyanka as LoP would perform better’: Rijiju swipes at RahulTuesday will be ‘most intense day’ of strikes on Iran: HegsethHow to build a truly diversified portfolio: TGT Episode 17Thought of the day by Jeffrey Gitomer: ’Change is not a four-letter word… but often your reaction to it is!’Quote of the day by Abba Eban: ’History teaches us that men, nations, and the world behave wisely when they exhaust all other options.’Will US get a new oil refinery for the first time in 50 years, and where will this facility come up? $300 billion refinery plan explained. Here’s why the announcement is happening nowNancy Guthrie disappearance case is going cold or a breakthrough is coming? Neighbor sighting, FBI investigation and clues raise questions in missing Tucson mother caseHas Iran planted mines in Strait of Hormuz, and who will win control of the crucial sea passage? Here’s why is strait important for oil and LNGHappy New Year 2026 WishesYouTube and Google downQuote of the Day by Warren BuffettFIFA peace prizeSilver Price2026 Social SecurityWhy is gold down today?Social Security COLA increase for 2026Quote of the Day by Johnny Depp: “If you love two people at the same time, choose the second. Because if you really loved the first one, you wouldn’t have fallen for the second.”Social Security Administration cuts key service for millions as nationwide changes begin todayAmerica could be the unexpected economic winner of the Iran warJobless for 16 months, 38-year-old says career struggle cost him his health and marriage - story sparks debate on workplace ageismQuote of the Day by Elvis Presley : ‘Just because you look good, doesn’t mean you…’
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