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.

The ongoing US-Israel conflict with Iran is intensifying economic and political tensions in the UK. Consumer confidence has hit a two-year low, with rising food and fuel costs predicted, while the government warns of an eight-month fallout. Public unrest concerns are also increasing amid fears of prolonged economic instability.

From our sponsors
Advertisement
Advertisement