Assets: Other: Gold Certificate Account: Wednesday Level
WGCAL • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
11,037.00
Year-over-Year Change
0.00%
Date Range
6/14/2006 - 8/6/2025
Summary
The Gold Certificate Account represents a specific asset held by the Federal Reserve related to gold reserves. This metric provides insight into the U.S. government's gold holdings and monetary policy infrastructure.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
This economic indicator tracks the Wednesday-level balance of gold certificates held by the Federal Reserve as a financial asset. Economists use this data to understand the Federal Reserve's gold-related financial instruments and monetary asset composition.
Methodology
The data is collected weekly by the Federal Reserve and represents the current valuation of gold certificates at a specific point in time.
Historical Context
This trend is used in macroeconomic analysis to assess the Federal Reserve's balance sheet composition and potential monetary policy implications.
Key Facts
- Gold certificates represent a specific type of financial asset held by the Federal Reserve
- The data is collected and reported on a weekly basis
- These certificates are distinct from physical gold holdings
FAQs
Q: What are gold certificates?
A: Gold certificates are financial documents that represent a claim on a specific amount of gold held by the Federal Reserve. They are an accounting mechanism for tracking gold-related assets.
Q: How often is this data updated?
A: The Gold Certificate Account data is updated weekly, specifically on Wednesday levels, providing a consistent snapshot of the Federal Reserve's gold-related assets.
Q: Why does the Federal Reserve hold gold certificates?
A: Gold certificates are part of the Federal Reserve's historical monetary policy infrastructure and represent a legacy of the gold standard era. They remain an important component of the Fed's balance sheet.
Q: Do gold certificates directly represent physical gold?
A: Gold certificates are financial instruments that represent a claim on gold, but they are not the same as physically holding gold. They are an accounting mechanism for tracking gold-related assets.
Q: How do gold certificates impact monetary policy?
A: While gold certificates are a small part of the Federal Reserve's assets, they provide historical context and insight into the monetary system's evolution. They do not directly influence current monetary policy decisions.
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Citation
U.S. Federal Reserve, Assets: Other: Gold Certificate Account: Wednesday Level [WGCAL], retrieved from FRED.
Last Checked: 8/1/2025