ThePrint CutTheClutter: Weakened Dollar, Trump factor & geopolitics: Why countries are stocking gold, dumping US treasuries
Sep 5, 2025
Central banks are loading up on gold, now outpacing US treasuries in their reserves. This shift is fueled by a weakened dollar, uncertainty since Trump's presidency, and global geopolitical tensions. The Reserve Bank of India is notably ramping up its gold holdings. As gold prices soar 35% this year, the trend highlights the world's pivot towards gold as a safe haven amid crises like the pandemic and ongoing international conflicts. Central banks are redefining their investment strategies in response to these emerging economic dynamics.
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Central Banks Buying Gold Heavily
- Central banks are buying gold in large quantities, not just individuals during festivals.
- They treat gold as a physical hedge and a currency of last resort against uncertainty.
Asia Drives Global Gold Reserve Growth
- Asia (notably China and India) has driven most reserve gold growth since 2020.
- Regions with reserve currencies like the US and Oceania show minimal gold accumulation.
India's RBI Piled Up Gold
- RBI steadily increased gold holdings from 618 tons in 2019 to about 880 tons by mid-2025.
- India added 54 tons in late 2024 after bringing home over 100 tons of stored gold.
