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.

United States prosecutors have indicted Sinaloa state Governor Ruben Rocha Moya and nine other officials, alleging connections to the Sinaloa drug cartel. The indictment accuses them of facilitating narcotics trafficking in exchange for political support, potentially impacting US-Mexico relations amidst ongoing efforts to combat drug cartels.

President Trump announced that the US blockade of Iranian ports is proving effective, urging Tehran to “just give up” amid escalating tensions. Iran’s Parliament Speaker dismissed the blockade’s impact, stating it has only increased global oil prices, while tensions in the Strait of Hormuz continue to disrupt markets.

From our sponsors
Advertisement
Advertisement