de-dollarization

Societe Generale forecasts gold hitting $5,000 by mid-2027

Societe Generale has projected gold prices will hit $5,000 an ounce by the second quarter of 2027, citing rebounding central bank purchases and renewed ETF demand as the primary drivers of a continued rally in the precious metal.

Global investors grow wary of US as gold overtakes Treasurys in reserves

As the United States grapples with a national debt that surpassed $40 trillion in August, the global financial order is undergoing a quiet but consequential realignment. Central banks are accumulating gold at record rates, foreign governments are repatriating reserves from…

UBS raises gold target to $5,400, citing de-dollarization

UBS has lifted its gold price target to $5,400 an ounce over a 12-month horizon, calling the precious metal "a clear beneficiary of de-dollarization" and arguing the rally that has sent prices surging roughly 15% this month still has room…

Gold posts biggest daily gain in six months as dollar drops

Gold futures posted their largest single-day gain since early February on Wednesday, climbing above $4,250 an ounce to reach a seven-week high as the U.S. dollar weakened and optimism grew around potential geopolitical de-escalation in the Middle East.

Swift launches blockchain ledger as BRICS Pay eyes September rollout

The race to reshape global cross-border payments is accelerating on two fronts. The BRICS bloc is pushing toward an operational launch of BRICS Pay at the 18th leaders' summit in New Delhi, scheduled for September 12-13, even as SWIFT unveiled…

BRICS dollar alternatives no longer a ‘fantasy,’ economist O’Neill says

Jim O'Neill, the economist who coined the term "BRIC" in 2001 while at Goldman Sachs, has shifted his stance on the bloc's ability to develop alternatives to the U.S. dollar, telling Reuters Thomson Reuters Corporation that recent advances in payment…

Survey: 87% of global institutions now access yuan markets

Institutional investors across Asia Pacific are moving beyond early-stage access to Chinese yuan markets and are now focused on operating at scale, according to a new HSBC-commissioned survey released on Sunday. The findings arrive as multiple countries intensify efforts to…

Central banks bought 41 tonnes of gold in May despite steep price slide

Central banks worldwide are maintaining their appetite for gold despite the metal's steepest quarterly decline since 2013, with two major surveys confirming that official-sector demand remains a structural pillar of the market even as prices have fallen more than 25%…

Central banks plan to shrink dollar holdings for first time, survey finds

For the first time, more of the world's central banks intend to cut their dollar allocations than increase them over the coming decade, according to a survey released Tuesday by the Official Monetary and Financial Institutions Forum. The findings reflect…