September 29, 2025
United States:
US Gold Reserves Hit $1 Trillion in Value After Record Rally
The US Treasury’s gold reserves have surpassed $1 trillion in value — more than 90 times what’s stated on the government’s balance sheet — as the precious metal breaks new all-time highs.
The world’s biggest gold stash passed the milestone after prices rose above $3,824.50 an ounce on Monday, in a 45% rally this year. Its official value, however, based on the $42.22-an-ounce price set by Congress in 1973, is fixed at just over $11 billion.
Europe:
ECB’s Lane Says Inflation Outlook Is ‘Reasonably Benign’
European Central Bank Chief Economist Philip Lane said he doesn’t see any major risks to inflation in either direction, suggesting he and his colleagues may be happy to leave interest rates where they are for the time being.
“It doesn’t look like we’re going back to the pre-pandemic equilibrium of very low inflation,” Lane told a panel discussion Monday in Frankfurt.
Asia:
Dovish BOJ Member Sees Rising Hike Need While Noting Risks
A dovish Bank of Japan board member pointed to the rising need for an interest rate hike signaling broadening support for action, although he also tempered his message by highlighting continued overseas risks.
“Various economic indicators for Japan show steady progress in achieving the 2 percent price stability target,” Asahi Noguchi said Monday in a speech in Hokkaido, northern Japan, according to the text of his speech released by the BOJ. “This suggests that the need to adjust the policy interest rate is increasing more than ever.”
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