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BRICS

2023-09-07 | Market Dive

Can The New BRICS Members Challenge The USD Hegemony?

The rise of BRICS and the multipolar world is seen by some investors as a threat to the USD hegemony, while others remain unconvinced. In this article, we explore the significant influence held by the six new BRICS members, an influence that many investors overlook, as we examine what this means for the U.S. dollar, gold, and the global balance of power.