Central Banks Ditch the Dollar: The Gold Rush Reshaping Global Finance

Basel, Sunday, 21 June 2026.
A historic shift is underway as 73% of central banks reduce reliance on the U.S. dollar, opting for gold and alternative assets. In 2025 alone, central banks purchased 863 tonnes of gold—nearly double the pre-2022 average—with 45% planning further increases in 2026. For the first time since 1996, gold now surpasses U.S. Treasuries as a reserve asset. This trend, driven by geopolitical risks and sanctions, signals a potential end to dollar dominance and the rise of a multipolar currency era.