BRICS Gold Strategy Weakens Dollar, Reshapes Global Finance

Source: News18 | Original Published At: 2025-12-27 11:33:41 UTC

Key Points

• BRICS countries (China, India, Russia, Brazil, South Africa) and new members (Iran, UAE, Egypt, Ethiopia) are collectively holding over 17,500 tons of gold, representing 50% of global reserves.
• Post-2022 sanctions, BRICS accelerated gold purchases to create a multipolar currency system, with China, Russia, and India leading acquisitions in 2025.
• New BRICS members provide strategic advantages through gold production (50% global control) and trade route positions, enhancing the bloc's financial autonomy.
• While dollar remains strong short-term, experts identify growing pressure on its unchallenged supremacy through BRICS' gradual system balancing strategy.
• Gold's resurgence as a neutral asset challenges dollar-based systems, with BRICS trade (30% global share) increasingly conducted in local currencies.