BlockBeats news, January 24, 2025, the international gold price has increased by over 64% this year, marking the largest annual increase since 1979. This year's World Economic Forum annual meeting has seen central banks increasing gold holdings, de-dollarization, and the independence of the Federal Reserve become central themes in multiple sub-forums. As Ray Dalio, founder of Bridgewater Fund, said, compared to US Treasury bonds and other dollar assets, gold is becoming a more valued reserve asset for global central banks, and the surge in central bank gold purchases 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%, hitting 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 has been interpreted by the market as hedging deep anxieties about the credit of the dollar with a physical asset that carries 'no sovereign credit risk'. (CCTV Finance)
