Research by the World Gold Council with central banks sends a strong message: 62% of them expect the dollar to represent a smaller share of global reserves in five years.

In 2022, that number was 38%.

The trend is clear and growing. Year after year, more central banks are betting on the de-dollarization of reserves.

On the other hand, almost no one sees the dollar gaining ground.

This movement helps explain the rush to gold.

If the American currency loses share as a reserve, something needs to occupy that place, and the metal has been the main destination for this reallocation.