BRICS Nations Control 50% of Global Gold Reserves. What Does It Mean for the US Dollar?
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Cooperation areas
Source: Activist Post | Original Published At: 2026-02-09 15:00:00 UTC
Key Points
- BRICS nations and their allies now control approximately 50% of global gold production and reserves through increased production and purchases
- China and Russia lead with 380 and 340 tonnes produced in 2024 respectively, while Brazil resumed gold purchases in 2025
- Experts identify this as a strategic move to reduce reliance on Western financial infrastructure and US dollar dominance
- Intra-BRICS trade settled in local currencies now accounts for one-third of bloc transactions, bypassing dollar dependency
- Gold accumulation represents risk-management strategy amid geopolitical tensions and sanctions risks on foreign reserves