In 2026, BRICS member Brazil sold roughly $61 billion in US Treasury securities. The Central Bank of Brazil exchanged those dollar assets for gold to reduce dollar exposure.
According to the central bank report, the sales are part of a broader reserve diversification effort. The report cites concern about unpredictable US trade and policy moves from the White House.
Other BRICS members like India, China, and Russia have also cut Treasury holdings. The article states Russia‘s gold investments since 2022 doubled in value compared with US Treasuries.
The World Gold Council reported BRICS have led global gold buying since 2022, and now control over 50% of reported supply. Gold is increasingly favored as Treasuries face growing competition for reserve allocations.
The XAU/USD index moved past the $5,500 range before a correction. Data at XAU/USD shows a roughly 350-point drop in one session (Ed. note: the metal fell about 350 points in a single trading session).
The report also warns that rising US public debt, approaching $40 trillion, increases global financial risk. Central banks say diversification into assets like gold aims to reduce exposure to dollar-linked risks.
