BRICS countries bought more than 1,000 tonnes of gold since 2022 and now hold over 6,000 tonnes in central-bank reserves, shifting away from dollar assets and boosting prices. According to the report, gold reached a lifetime high of $4,837 and the XAU/USD index rose more than 76% over the past year (Data shows).
The data reported that foreign central banks’ gold holdings reached about $4 trillion in January 2026 while US Treasuries stood near $3.9 trillion (Ed. note: This is the first time since 1996).
The bloc became the largest buyer of gold in three years as it diversified reserves away from dollar securities like Treasuries and bonds. Retail investors, institutional funds and central banks also increased buying, which contributed to higher prices.
Demand for Treasuries remains, with several countries still purchasing them for investment purposes. The shift highlights a notable rebalancing of global reserve portfolios.
