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.

Ukrainian President Volodymyr Zelensky arrived in Oslo Wednesday to meet with leaders of the five Nordic nations, key backers in Kyiv’s fight against Russia’s invasion. With the counteroffensive launched by Ukraine in July failing to yield the anticipated results, Zelensky is trying to rebuild support among Ukraine’s allies amid growing dissent. Zelensky travelled to Washington Tuesday in a last-ditch plea for more military funding but left empty handed as Congress remained divided on a new $60 billion aid package.

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