In a bold step towards financial independence, BRICS nations have ramped up their gold acquisitions, signaling a strategic shift away from the US dollar. This move comes as part of a broader de-dollarization strategy aimed at enhancing local currency usage in international trade. The source reports that this trend is gaining momentum as countries seek to reduce their reliance on the dollar.
BRICS Countries Increase Gold Purchases
During the second quarter of 2025, BRICS countries collectively purchased 166 tonnes of gold, representing a remarkable 41% increase over historical quarterly averages. This surge in gold buying is primarily driven by Russia and China, both of which are significantly bolstering their gold reserves as a hedge against dollar volatility.
BRICS Alliance and Financial Initiatives
The BRICS alliance, comprising the following countries:
- Brazil
- Russia
- India
- China
- South Africa
actively pursues initiatives to establish alternative financial institutions. By promoting the use of local currencies in trade, these nations aim to reduce their dependence on the US dollar, which has long dominated global trade dynamics. This strategic pivot could reshape the landscape of international finance and trade in the coming years.
In light of the recent financial strategies adopted by BRICS nations, a report has emerged detailing the essential benchmarks for validating quantitative trading strategies. For more insights, see seven pillars.
