BRICS Nations Drive Gold Price to New Highs - MineralPrices.com

China Increases Its Gold Reserves for Seventh Month Straight

China's Secret Gold Buying, U.S. Gold Reserve Transparency, and

As of the second quarter

As of the second quarter of 2025, global gold reserves totaled 29,030 tons, with BRICS (excluding Iran and Ethiopia) holding 6,200 tons, or 21.4 percent of the world's

BRICS nation China is on a gold accumulation spree by stockpiling the precious metal in the country’s reserves.

BRICS: China Takes Control of Gold Prices from the West

The BRICS nationsBrazil

The BRICS nationsBrazil, Russia, India, China, and South Africaare increasing gold reserves to reduce reliance on the US dollar. This shift is impacting global gold

China holds an estimated $3 trillion in foreign exchange reserves, making it vulnerable to international sanctions. Officially, China claims to hold approximately 2,300 tons

BRICS: China Increases Gold Reserves for Seven Months Straight

China

How BRICS Countries Are Changing Global Gold Storage and

Nieuwenhuis predicted that China's hidden purchases of gold could push prices higher, potentially creating a perfect storm in the coming years. At the current gold

China, in particular, has acquired over 2,800 tons of gold in the last two years, and other BRICS countries have also significantly increased their gold reserves.

China has been on a

China has been on a gold-buying binge, and has now increased its gold reserves for seven months straight. Sybilla Gross reports for Bloomberg: China increased its

How Much of the World’s Gold Reserves Are Held by BRICS Nations?