PRECIOUS METALS | BRICS Plans Precious Metals Exchange to Enhance Trade Autonomy

BRICS member countries are advancing plans to create a dedicated Precious Metals Exchange within special economic zones. According to NS3.AI, this initiative aims to promote independent pricing and reduce reliance on Western financial systems. The move aligns with the ongoing deployment of a BRICS gold-backed currency pilot, designed to enhance trade autonomy and bypass dollar-centric mechanisms. Officials anticipate the exchange will become operational around 2030, facilitating the trade of metals and rare commodities while fostering fair competition among member states.