World News

China’s central bank increased its gold reserves by 23 tonnes in September, the largest monthly acquisition since October 2023, bringing total holdings to approximately 2,410 tonnes. This move aims to reduce reliance on US dollar assets amid rising geopolitical and financial risks, with private demand for gold also soaring as households seek secure savings options.

Giorgia Meloni’s government faces increasing tension with historic allies, the US and Israel, as calls grow for European sanctions against Israeli officials following controversial remarks by Itamar Ben-Gvir. The shift in Italy’s foreign policy has sparked debate among political figures amid concerns of self-sanctioning trade impacts.

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