Gold is now the top reserve asset. Is dollar dominance at risk?

Author: aljazeera.comPublished on: June 11, 2026Country: United States

Business & Economy

Gold is now the top reserve asset. Is dollar dominance at risk?

Gold now accounts for 27 percent of global reserve holdings, overtaking US Treasuries. Central banks are buying gold at a record pace, while China and BRICS nations aim to reduce dollar dependence. The Iran conflict, US debt, and Trump's tariffs are eroding confidence, but the dollar still dominates trade and finance.

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