Gold emerged as one of the top-performing assets in global market last year — Reuters

Since April, investors have been offloading their dollar assets due to unstable policies of the US administration. As European Central Bank (ECB) President Christine Lagarde stated, this presents an opportunity for the euro to take a leading position and become an alternative to the greenback.

However, according to Reuters, the region's currency is not gaining significant popularity, and besides the Japanese yen, non-traditional currencies may potentially benefit.

Meanwhile, the news agency data shows gold emerged as another in-demand asset last year. Global central banks boosted their bullion reserves by over 1,000 tons, a record amount, doubling the annual level seen in the previous decade.

Moreover, two-thirds of the financial institutions invested in gold for purposes of diversification, while two-fifths did so as a hedge against geopolitical instability. These figures were provided by the ECB.