🇪🇺 ECB gained €10.5B on gold from 2023 to 2024

🇪🇺 ECB gained €10.5B on gold from 2023 to 2024

2025 YTD running gains add another net positive ≈€10B & likely to be higher by the year end's gold revaluation

that's an implied ≈8% yield on gold appreciation - much more than the ECB earned from other asset buckets