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.

Iran’s Islamic Revolutionary Guard Corps (IRGC) reported the coordination of 26 vessels through the Strait of Hormuz in the last 24 hours, asserting control amid a US blockade. Discussions between Washington and Tehran regarding resumed traffic remain unresolved, exacerbating tensions and potential impacts on global markets.

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