The share of US dollar in global foreign exchange reserves drops below 60%

PANews January 24 News, according to Jintiao reports, by 2025, the international gold price will have increased by over 64% year-to-date, marking the largest annual gain since 1979. This year’s World Economic Forum annual meeting naturally focused on topics such as central banks increasing gold holdings, de-dollarization, and the independence of the Federal Reserve. As Bridgewater Associates founder Ray Dalio stated, compared to US debt and other dollar assets, gold is becoming a more valued reserve asset for global central banks, and the surge in central bank gold purchases is reshaping the demand structure of the global gold market. Data from the International Monetary Fund (IMF) shows that the US dollar’s share in global foreign exchange reserves has fallen below 60%, hitting a multi-decade low. A survey by the World Gold Council indicates that up to 95% of central banks expect to continue buying gold in the future. The market interprets this as a move to hedge deep-seated concerns about the creditworthiness of the US dollar with physical assets that carry “no sovereign credit risk.”