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2025-10-31 16:04:41
[SNB's Gold Reserves Appreciate Significantly in Q3] ⑴ The Swiss National Bank (SNB) achieved a profit of CHF 27.93 billion in the third quarter, with its gold reserves increasing by CHF 14.33 billion. ⑵ This increase far exceeded the CHF 4.41 billion increase in the same period last year and also significantly surpassed the average quarterly profit level over the past 10 years. ⑶ The SNB's gold holdings remained unchanged at 1,040 tons. ⑷ UBS analysts pointed out that the exceptionally high gold profits reflect the significant rise in gold prices this year. ⑸ As the ultimate safe-haven asset, gold's appreciation is a positive byproduct of asset diversification and the implementation of monetary policy.
