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In 2025, central banks around the world have been increasing their holdings of gold to enhance the diversity and stability of their asset portfolios, leading to a surge in international gold prices. The price of gold hit historical highs over 50 times during the year, with spot gold in London recording a cumulative increase of over 60%. In contrast, the US dollar index dropped from around 108 at the beginning of 2025 to around 98 by the end of the year, with a cumulative decrease of 9.4%, marking its worst performance in 8 years. The share of the US dollar in global foreign exchange reserves also experienced a continuous decline. Data released by the International Monetary Fund shows that in the third quarter of 2025, the US dollar's share in global foreign exchange reserves decreased from 57.08% in the second quarter to 56.92%, marking over 10 consecutive quarters below 60% and hitting the lowest level since 1995. (CCTV News)
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