International News
Gold, ‘Non-traditional reserve currencies’ eat into U.S. dollar’s reserve dominance: Wolf Richter
Gold and other reserve currencies – but not the euro or renminbi – are steadily eroding the U.S. dollar’s position as the world’s preeminent reserve asset, according to Wolf Richter, analyst and publisher of Wolf Street.
“The status of the US dollar as the dominant global reserve currency has helped the US fund its twin deficits, and thereby has enabled them: the huge fiscal deficit every year and the massive trade deficit every year,” Richter wrote in an article published Monday. “The reserve currency status comes from other central banks (not the Fed) having purchased trillions of USD-denominated assets such as Treasury securities, other government securities, corporate bonds, and even stocks. The dollar status as the dominant reserve currency has been crucial for the US, and as that dominance declines ever so slowly, risks pile up ever so slowly.”
Total holdings of USD-denominated securities by other central banks (not the Fed) fell by $59 billion to $6.63 trillion at the end of 2024, from $6.69 trillion at the end of 2023,” he noted. “And the dollar’s share declined to 57.8% of total allocated exchange reserves at the end of 2024, the lowest since 1994, down by 7.3 percentage points in 10 years, as central banks have been diversifying their holdings for years to assets denominated in currencies other than the dollar, and into gold.”
International News
Jewelers International Showcase Fall 2026 Returns To Miami Beach This October
JIS Fall 2026 Brings Together 600+ Exhibitors In Miami For Holiday Sourcing,Networking and Trend-Focused Insights.
The Jewelers International Showcase (JIS) has announced that JIS Fall 2026, one of the largest trade-only jewelry buying events in the Western Hemisphere, will take place from October 16–19, 2026, at the Miami Beach Convention Center.
Positioned perfectly ahead of the peak holiday retail season, JIS Fall serves as a premier destination for jewelry retailers, wholesalers, and buyers looking to secure high-margin holiday inventory and place advance orders for the upcoming year. The four-day sourcing event brings together more than 600 domestic and international exhibitors displaying an extensive range of fine and fashion jewelry, bridal collections, loose diamonds, colored gemstones, gold, silver, and cutting-edge business services.
Key Highlights & Networking Events
In addition to comprehensive product sourcing across expansive show floors, JIS Fall 2026 will feature dedicated networking events and educational opportunities designed to give retailers a competitive edge:
- JIS Unwrappedl:An evening networking session fostering informal connections among buyers, designer brands, and industry leaders.
- On Trends Talks:Expert-led educational panels providing actionable insights into consumer purchasing behavior, emerging product trends, and holiday marketing strategies.
JIS Fall continues its decades-long tradition as an essential sourcing hub, allowing retailers to walk away with immediate delivery items on-site or lock in production schedules ahead of the year-end rush.
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JewelBuzz is Asia’s First Digital Jewellery Media & India’s No.1 B2B Jewellery Magazine, published by AM Media House. Since 2016, we’ve been the trusted source for jewellery news, market trends, trade insights, exhibitions, podcasts, and brand stories, connecting jewellers, retailers, and industry professionals worldwide.