Gold is increasingly being treated as a strategic safe haven by central banks, particularly across the BRICS group, as governments reassess their exposure to the US dollar and Western financial systems. According to analysis shared by Inside China Business, this shift reflects a long-term effort to diversify reserves amid inflation pressures, sanctions risk and geopolitical fragmentation.
BRICS countries account for a significant share of global gold production, with China and Russia among the world’s largest miners. Other members and partner states, including South Africa, Brazil, Kazakhstan and Uzbekistan, further reinforce the bloc’s role in the global gold supply. Despite this ...