Hegseth calls for early implementation of Japan's defence budget increase
U.S. Secretary of Defence Pete Hegseth on Wednesday urged Japan to move swiftly on its plan to raise defence spending but said he had not made any spe...
Kazakhstan ranks seventh in expanding gold reserves, boosting holdings by 151 tons from 2013 to 2023.
Kazakhstan ranks seventh among countries that have been actively increasing their gold reserves. Over the past decade, the nation added 151 tons of gold to its reserves.
Leading the way is Russia, which significantly expanded its reserves by 1,298 tons, followed by China with an increase of 1,181 tons and Türkiye, which added 424 tons.
Poland follows in fourth place with 256 tons, while India and Uzbekistan boosted their reserves by 246 and 154 tons, respectively. After Kazakhstan, Singapore added 103 tons, Iraq 100 tons, and Thailand 92 tons.
In Kazakhstan, gold prices have surged this year, rising by 31%, according to the National Bank. The price per gram reached 39,889 tenge (about US$81.76) as of September 20, up from 30,323 tenge (approximately US$62.16) at the start of the year. Additionally, December futures have shown positive growth, increasing by 0.35% to $2,623 per ounce.
The World Gold Council's 2024 Central Bank Gold Reserves Survey indicates that the ongoing geopolitical tensions and challenging financial climate are driving demand for gold. In 2023, central banks around the world collectively added 1,037 tons of gold, marking the second-highest annual acquisition in history after a record 1,082 tons in 2022.
Central banks continue to favor gold as a reserve asset, with the survey—conducted from February 19 to April 30 among 70 participants—revealing that 29% of central banks plan to increase their gold reserves within the next year. This is the highest intention recorded since the survey's inception in 2018.
The motivations behind these planned purchases include a desire to adjust to a more favorable strategic level of gold holdings, domestic gold production, and concerns over financial markets, such as rising crisis risks and inflation.
A small, silent object from another star is cutting through the Solar System. It’s real, not a film, and one scientist thinks it might be sending a message.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
A shooting in Nice, southeastern France, left two people dead and five injured on Friday, authorities said.
Hamas on Tuesday (October 28) denied responsibility for an attack on Israeli forces in the southern Gaza city of Rafah, which triggered renewed Israeli strikes across the enclave.
Türkiye has officially delivered its first domestically produced Altay tanks to the armed forces, President Recep Tayyip Erdoğan announced on Tuesday at the opening ceremony of BMC’s Ankara Tank and New Generation Armoured Vehicles Production Facility.
Kazakhstan's Minister of Foreign Affairs Yermek Kosherbayev met with his Chinese counterpart Foreign Minister Wang Yi in Beijing where the duo held all important bilateral talks.
The Interior Ministers of the Economic Cooperation Organization (ECO) met in Tehran on Tuesday to promote cooperation in cybersecurity and fight against smuggling and cross-border trafficking.
Serbian President Aleksandar Vučić will pay an official visit to Uzbekistan from 28 to 31 October at the invitation of President Shavkat Mirziyoyev.
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