Markets

China’s central bank buys 21 tonnes of gold in September, largest monthly purchase in 3 years - Kitco

Source: Kitco

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DW NOTE

China bought 21 tonnes of gold in September—the biggest monthly addition since 2023. With the Strait still shut and oil supply down 6%, Beijing is converting dollar reserves into an asset the Fed can't dilute and Iran can't blockade.

Read the full story at Kitco →

The Indian crude basket hit $123.29 per barrel last week, approaching levels recorded in March 2012, and adding 86% to the price Indian oil marketing companies pay, local media have reported, also noting the effect of a cheaper rupee. Since Indian companies pay for the oil they buy from abroad in U.

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China’s central bank buys 21 tonnes of gold in September, largest monthly purchase in 3 years - Kitco

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