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BRICS Nations Accelerate Gold Accumulation Amid De-Dollarization Push

BRICS Nations Accelerate Gold Accumulation Amid De-Dollarization Push

Author:

Global Cryptocurrency

Published:

2025-11-22 10:05:02

23

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BTCCSquare news:

BRICS member states have collectively amassed over 6,000 tonnes of Gold reserves, representing 20% of global central bank holdings. Russia and China dominate with 2,336 and 2,298 tonnes respectively, controlling 74% of the bloc's reserves through coordinated strategic initiatives.

The World Gold Council reports unprecedented central bank demand, with over 1,000 tonnes acquired annually since 2022—the longest sustained accumulation streak in modern history. This gold-backed shift is reshaping global reserve strategies while advancing infrastructure development and alternative currency frameworks.

By:

UBS Upgrades Gold Price Forecast Amid Market Turmoil

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