Global Reserves Shift: US Dollar Falls Below 45% as Central Banks Increase Gold Holdings

The US dollar's share of global reserves has dropped below 45%, marking a decline of over 15 percentage points since the beginning of this decade, according to Bloomberg. This shift highlights a significant change in the composition of global reserves. According to NS3.AI, central banks have increased their gold holdings, surpassing the value-adjusted reserves of the US dollar. Data from the World Gold Council indicates robust demand for gold by central banks in the first quarter of this year.