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BTCC / BTCC Square / Global Cryptocurrency /
BRICS Nations Accelerate De-Dollarization as Brazil Dumps $61 Billion in US Treasuries for Gold

BRICS Nations Accelerate De-Dollarization as Brazil Dumps $61 Billion in US Treasuries for Gold

Author:
Global Cryptocurrency
Published:
2026-01-31 14:10:01
17
2
BTCCSquare news:

Brazil has joined fellow BRICS members in a strategic shift away from US dollar assets, offloading $61 billion worth of US Treasury securities in favor of gold accumulation. The Central Bank of Brazil's MOVE mirrors a broader de-dollarization trend among emerging economies amid geopolitical uncertainty and trade policy volatility emanating from Washington.

Gold markets reflect this tectonic shift. The XAU/USD index surged to record highs above $5,500 this week before undergoing a healthy correction. BRICS nations now control over 50% of global gold supply, with Russia's bullion reserves doubling in value since 2022 compared to its US Treasury holdings.

The World Gold Council confirms BRICS as the dominant force in gold markets, creating Ripple effects across asset classes. As central banks diversify reserves, traditional safe havens face competition from alternative stores of value - a development cryptocurrency markets watch closely given Bitcoin's fixed supply and decentralized nature.

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