Global Forex Reserves in US Dollar Drop Below 60%
BlockBeats News, January 24, 2025: The international gold price has risen by over 64% so far this year, marking the largest annual increase since 1979. At this year's World Economic Forum annual meeting, central bank gold holdings, de-dollarization, and the independence of the Federal Reserve have naturally become core topics in multiple sub-forums. As Bridgewater Associates founder Ray Dalio put it, compared to U.S. Treasury bonds and other dollar-denominated assets, gold is becoming a more valued reserve asset for global central banks. The central bank gold buying spree is reshaping the demand structure of the global gold market.
According to data from the International Monetary Fund (IMF), the U.S. dollar's share of global foreign exchange reserves has fallen below 60%, hitting a multi-decade low. A survey by the World Gold Council shows that as many as 95% of central banks are expected to continue buying gold in the future. This is interpreted by the market as using physical assets with "no sovereign credit risk" to hedge deep-seated anxieties about U.S. dollar credit. (CCTV Finance)
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