The global foreign exchange reserve share of the US dollar has fallen below 60%

In 2025, the international gold price increased by over 64% within the year, marking the largest annual increase since 1979. At this year's World Economic Forum annual meeting, topics such as central banks increasing gold holdings, de-dollarization, and the independence of the Federal Reserve naturally became core issues in multiple sub-forums. As Ray Dalio, founder of Bridgewater Associates, stated, compared to U.S. Treasury bonds and other dollar assets, gold is becoming a more valued reserve asset for global central banks, and the central bank gold buying frenzy is reshaping the demand structure of the global gold market. Data from the International Monetary Fund (IMF) shows that the dollar's share of global foreign exchange reserves has fallen below 60%, reaching a new low in decades. A survey by the World Gold Council indicates that as many as 95% of central banks expect to continue buying gold in the future. This is interpreted by the market as using physical assets with "no sovereign credit risk" to hedge against deep-seated anxieties about the credit of the dollar. (CCTV Finance)