BRICS Gold Rush Threatens Dollar Dominance, Shifts Global Financial Power

• BRICS nations are rapidly increasing gold reserves, holding nearly half of global central bank gold (over 17,500 tons).
• This strategic shift, accelerated after Russia's 2022 reserve freeze, aims to reduce dollar dependence and political risk.
• New BRICS members (Iran, Egypt, UAE, Ethiopia) strengthen the bloc's gold strategy, many being producers or on key trade routes.
• BRICS and allies control about 50% of global gold production, indicating a move towards supply-side control.
• Experts view this as a gradual challenge to the dollar's supremacy, fostering a multipolar financial system and driving gold prices.

Why It Matters: BRICS' massive gold accumulation signals a strategic move to challenge dollar dominance and reshape global finance.