Two members of the Brazil, Russia, India, China and South Africa (BRICS) economic bloc are pouring hundreds of millions of dollars into a precious metal that Morgan Stanley expects to continue rallying this year.
According to a World Gold Council report, Brazil and China collectively acquired 12 tonnes of gold worth approximately $1.88 billion in November of 2025.
Brazil added 11 tons to its gold reserves in November, accounting for approximately 6% of its total reserves. In the eleven months leading to November, Brazil added 43 tons of gold to its reserves.
The World Gold Council report says China added one ton of gold in November of 2025. In the eleven months to November of 2025, China added 26 tons of gold to its reserves.
While Brazil and China were substantial buyers of gold in 2025, Poland led the world in gold purchases. Between January and November of 2025, Poland added 95 tons to its gold reserves.
The World Gold Council report on gold purchases by various global central banks is coming at a time when Morgan Stanley is reportedly predicting that the yellow metal will reach a new all-time high by the end of this year.
According to Reuters, Morgan Stanley has forecast gold will hit a price of $4,800 per ounce before the fourth quarter of 2026, driven largely by central bank purchases, falling interest rates and potential leadership changes at the Federal Reserve.
Gold is trading at $4,442 at time of writing, down nearly 3% from the all-time high of around $4,560 reached in December of 2025.
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The post BRICS Nations China and Brazil Pour $1,880,000,000 Into Gold in Just One Month As US Bank Reveals Precious Metal Price Prediction appeared first on The Daily Hodl.
