🥇 Gold hits a new record as BRICS keep accumulating
Gold has broken above $4,400 per ounce, setting a fresh all-time high after a year-long rally.
Rate-cut expectations in the US and rising geopolitical tension matter, but the dominant force behind the move is sustained, price-insensitive buying by BRICS central banks.
What’s really happening 👇
🟡 BRICS and aligned countries are responsible for over 50% of global central-bank gold buying in recent years
🟡 Russia, China, and India together hold more than 5,500 tonnes of gold
🟡 The bloc also controls roughly half of global gold production, led by China and Russia
🟡 Accumulation is driven by diversification away from US Treasuries and sanctions risk
🟡 BRICS are pairing gold buying with new settlement tools and plans for independent pricing infrastructure
Gold is no longer just a hedge. It is becoming a core reserve asset in a gradually shifting, less dollar-centric financial system.
