TechFlow News: According to CCTV Finance, on January 24, the international gold price surged over 64% year-to-date in 2025—the largest annual gain since 1979. At this year’s World Economic Forum Annual Meeting, central bank gold purchases, de-dollarization, and the Federal Reserve’s independence naturally became core topics across multiple breakout sessions.
As Ray Dalio, founder of Bridgewater Associates, stated, gold is increasingly becoming a more favored reserve asset for global central banks compared with U.S. Treasuries and other dollar-denominated assets; meanwhile, the central bank gold-buying spree is reshaping the demand structure of the global gold market.
Data from the International Monetary Fund (IMF) show that the U.S. dollar’s share of global foreign exchange reserves has fallen below 60%, hitting a multi-decade low. A survey by the World Gold Council reveals that as many as 95% of central banks anticipate continuing their gold purchases in the future. The market interprets this trend as using physical assets “free from sovereign credit risk” to hedge against deep-seated anxieties regarding the U.S. dollar’s credibility.
