Faster global financial news!
China's central bank increased its gold holdings by 740,000 ounces in September, the largest increase in three years, to reduce its exposure to U.S. dollar assets.
The People's Bank of China (PBOC) announced last week that its gold reserves increased by 740,000 troy ounces (approximately 23 tons) in September, bringing total holdings to 77.47 million ounces. This move capitalized on falling gold prices to further reduce exposure to dollar-denominated assets amidst tensions with Washington. As of the end of September, China's gold reserves were valued at approximately $324 billion at market prices, while its foreign exchange reserves stood at $3.4 trillion.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
The 2026 Nobel Memorial Prize in Economic Sciences has been awarded to Robert E. Hall and Michael Woodford.
-
2
Saudi Arabia plans to increase its oil export capacity beyond the Persian Gulf to 10 million barrels per day within two years, and will temporarily use natural gas pipelines for oil transport.
-
3
Bybit Launches USDC-Funded Trading for Over 1,000 US Stocks and ETFs
-
4
China's futures exchanges to tighten leash on quant trading, defining violations and punishments
-
5
Harneys and dropRWA plan Bermuda tokenized catastrophe bond issuance next year, aiming to bridge disaster-insurance gap
-
6
Iran escalates attacks on "non-compliant" oil tankers, putting crude oil shipments through the Strait of Hormuz under pressure, with multiple empty VLCCs avoiding the Persian Gulf.
-
7
Dutch pensions manager PGGM agrees to take on part of the risk on €5 billion of ING loans backing energy transition
-
8
Iran's Revolutionary Guard Corps states it has designated the "US-UAE" Strait of Hormuz oil shuttle system as a clear target.
-
9
Yemen's Southern Giants Brigades cut off the main road connecting Mocha and the Bab al-Mandab Strait, marking the first major military achievement for anti-Houthi forces in years.
-
10
XRP Ledger Foundation Faces Backlash Over Low Bounty Payouts for Critical Bug
Markets Today
Recommended Reading
Hot Topics
Svmuu focuses on blockchain industry trends and cutting-edge cryptocurrency news, while also covering real-time market data and in-depth analysis of the Hong Kong, U.S., and foreign exchange markets. Here, you can not only access professional 24/7 news updates and accurate market data, but also utilize practical investment tools to help you capitalize on opportunities in both digital assets and traditional financial markets. Whether you are a blockchain enthusiast or an investor in Hong Kong, U.S., or foreign exchange markets, we provide efficient and timely information services to empower your investment decisions.
- User Agreement
- Privacy Policy
- Contact Us
- Business Partnerships
- Disclaimer
- Content Statement
- About Us
- Sitemap
Coming Soon!
