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

play Live Sign upShow navigation menu.css-15ru6p1{font-size:inherit;font-weight:normal;}Navigation menuNewsShow more news sectionsAfricaAsiaUS & CanadaLatin AmericaEuropeAsia PacificMiddle EastExplainedOpinionWorld CupVideoMoreShow more sectionsFeaturesEconomySportHuman RightsClimate CrisisInvestigationsInteractivesIn PicturesScience & TechnologyPodcastsTravelplay Live Click here to searchsearchSign upNavigation menucaret-leftTrendingUS-Israel war on IranWorld Cup 2026Tracking Israel's ceasefire violationsRussia-Ukraine warDonald Trumpcaret-rightplay videoplay videoVideo Duration 02 minutes 08 seconds play-arrow02:08Counting the CostGold is now the top reserve asset. Is dollar dominance at risk?Gold now accounts for 27 percent of global reserve holdings, overtaking US Treasuries as the world’s largest reserve asset. For decades, United States assets were the world’s ultimate safe haven. Now, central banks are buying gold at a record pace. China is pushing to expand the yuan’s role in the global financial system. And BRICS nations are trying to reduce their dependence on the dollar. The Iran conflict, the US’s rising debt burden and uncertainty about President Donald Trump’s tariffs are all taking their toll. Yet the greenback still dominates global trade, finance and foreign exchange. The world is not abandoning the dollar just yet – but the search for alternatives is accelerating. xwhatsapp-strokecopylinkgoogleAdd Al Jazeera on GoogleinfoMore from the same showIran conflict: Why has oil stayed near $100 a barrel?Video Duration 28 minutes 00 seconds play-arrow28:00Is Asia facing a new currency crisis?Video Duration 02 minutes 08 seconds play-arrow02:08China opens its markets to African exports. Who benefits?Video Duration 28 minutes 00 seconds play-arrow28:00Will the AI race fuel another boom or another bubble?Video Duration 28 minutes 00 seconds play-arrow28:00Can the US and India repair ties over trade and China?Video Duration 28 minutes 00 seconds play-arrow28:00Is the West de-risking from China or containing its economy?Video Duration 28 minutes 00 seconds play-arrow28:00Could the Iran war trigger the next debt shock?Video Duration 28 minutes 00 seconds play-arrow28:00AboutAboutShow moreAbout UsCode of EthicsTerms and ConditionsEU/EEA Regulatory NoticePrivacy PolicyCookie PolicyCookie PreferencesAccessibility StatementSitemapWork for usConnectConnectShow moreContact UsUser Accounts HelpAdvertise with usStay ConnectedNewslettersChannel FinderTV SchedulePodcastsSubmit a TipPaid Partner ContentOur ChannelsOur ChannelsShow moreAl Jazeera ArabicAl Jazeera EnglishAl Jazeera Investigative UnitAl Jazeera MubasherAl Jazeera DocumentaryAl Jazeera BalkansAJ+Our NetworkOur NetworkShow moreAl Jazeera Centre for StudiesAl Jazeera Media InstituteLearn ArabicAl Jazeera Centre for Public Liberties & Human RightsAl Jazeera ForumAl Jazeera Hotel PartnersFollow Al Jazeera English: