<ul data-eligibleForWebStory="false"><li>BRICS nations are considering the establishment of a new precious metals exchange to trade metals like gold, silver, nickel, platinum, and palladium, aiming to reduce reliance on Western-run markets.</li><li>The idea for the BRICS Precious Metals Exchange was proposed by Russia in October 2024, with the goal of setting their own benchmarks and control mechanisms for trading.</li><li>The upcoming 17th BRICS Summit in Rio de Janeiro, hosted by Brazil, may witness the formal announcement or soft launch of the metals exchange. The BRICS bloc now includes an expanded group of countries controlling significant reserves of gold, platinum metals, and rare earth minerals.</li><li>The move towards de‑dollarization and building a more self-sufficient economy is driving the push for the metals exchange, which could reduce exposure to U.S. financial systems and sanctions. However, challenges such as accreditation, auditing, clearing, infrastructure, and global coordination may impact its success.</li></ul>

Will BRICS Nations Disrupt Gold Markets With New Metals Exchange in 2025?

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