In the last 13 months, the People's Bank of China (PBOC) has increased its gold reserves to 74.06 million fine ounces, an increase of 0.04 million ounces in September 2025.
- *Reasons for dedollarization*: China seeks to reduce its dependence on the US dollar and strengthen the yuan as an international currency.
- *Impact on the gold market*: China's purchase of gold is driving up the price of the precious metal, which has surpassed $3,900 per ounce.
- *Long-term strategy*: China is positioning itself for a change in the global financial architecture, with gold as the ultimate reserve asset.
Dolarization is a global trend, with other countries also seeking to reduce their dependence on the US dollar ¹ ² ³.