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.

Donald Trump has reiterated his support for Pakistan as a mediator in US-Iran relations, despite Senator Lindsey Graham’s distrust of Islamabad’s role. Trump praised Pakistan’s leadership for facilitating a recent ceasefire, while Graham raised concerns over military assets reportedly stationed in Pakistan to shield Iran from US attacks.

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