In 2025, international gold prices have surged by over 64%, marking the largest annual increase since 1979. According to PANews, this trend has become a focal point at the World Economic Forum's annual meeting, where discussions have centered on central banks increasing gold reserves, de-dollarization, and the independence of the Federal Reserve. Bridgewater Associates founder Ray Dalio highlighted that gold is becoming a more favored reserve asset for global central banks compared to U.S. dollar assets like Treasury bonds. This trend is reshaping the demand structure of the global gold market.
Data from the International Monetary Fund (IMF) indicates that the share of the U.S. dollar in global foreign exchange reserves has fallen below 60%, reaching its lowest point in decades. A survey by the World Gold Council reveals that 95% of central banks plan to continue purchasing gold in the future. This move is interpreted by the market as a strategy to hedge against deep-seated concerns over the creditworthiness of the U.S. dollar by investing in physical assets with no sovereign credit risk.
