The value of America’s gold hoard has topped $1 trillion for the first time as bullion smashes through record highs.

Prices surged above $3,824.50 an ounce on Monday, extending a 45% rally this year that has been fueled by safe-haven buying at a time of trade wars, geopolitical turmoil and fears of a government funding crisis.

The US Treasury holds the world’s largest stockpile — about 261.5 million ounces — locked away in vaults at Fort Knox, West Point, Denver and the Federal Reserve Bank of New York. 3

At current market prices, that stash is worth more than 90 times the $11 billion figure listed on the government’s books.

That’s because the official value of the reserves is based on a $42.22-an-ounce price set by Congress in 1973.

While Treasury Secretary Scott Bessent recen

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