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.

It’s been described as a bombshell moment. The upper echelons of Sweden’s government and defence forces last week shocked the nation by explicitly warning that war might come to Sweden, and that each and every Swede should prepare themselves. While some have taken the warning seriously and flocked to the stores to stock up on fuel and survival kits, others have accused the country’s leaders of fear-mongering.

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