The Great Reallocation: How BRICS+ and Central Banks are Reshaping Global Reserves
A structural shift is currently underway in the global financial landscape. According to recent analysis by EBC Financial Group, the transition from U.S. dollar reserves to gold is no longer a mere prediction—it is a sustained, policy-driven trend.
Driven by geopolitical shifts and the desire for "unfreezable" assets, central banks have embarked on a historic gold-buying spree. In 2025 alone, over 40 central banks participated in gold accumulation, pushing the metal to a current trading level of $4,660 per ounce.
Key Highlights of the Shift:
BRICS+ Dominance: The BRICS+ bloc now holds over 6,000 tonnes of gold, accounting for 17.4% of global reserves—a significant jump from 11.2% in 2019.
De-Dollarization Acceleration: The U.S. dollar's share of global reserves fell to approximately 57% by the end of 2025, its lowest level in over three decades.
The "Structural Floor": Central bank demand remains price-insensitive. Sovereign buyers are absorbing roughly 20% of annual global mine supply, creating a permanent floor that makes market corrections increasingly shallow.
The Saudi Wildcard: With only 2.6% of its $500 billion reserves currently in gold, any move by Saudi Arabia to align with its BRICS+ peers could single-handedly drive the next leg of the gold market.
As major institutions like Goldman Sachs and JPMorgan eye targets between $5,400 and $6,300, it is clear that gold has moved beyond speculative interest. It has returned to its role as the ultimate hedge against systemic risk and jurisdictional overreach.
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