Business Brief (June 17): Central Banks Expected to Keep Buying Gold

Published: Jun. 17, 2026 7:16 p.m. GMT+8

00:00

00:00/00:00

Listen to this article 1x

The World Gold Council’s annual central bank gold reserves survey showed that 89% of reserve managers expect global central banks to continue increasing their gold holdings over the next 12 months.

Gold has recently surpassed U.S. Treasurys to become the primary reserve asset.

NEWS SUMMARY

China’s IT ministry is seeking public feedback on mandatory national safety standards for automated driving systems.

Unlock exclusive discounts with a Caixin group subscription — ideal for teams and organizations.

Save an extra $50. Introductory offer for new readers. Subscribe now.

Share this article

Open WeChat and scan the QR code

Explore the story in 30 seconds

89% of central banks expect to increase gold holdings in the next 12 months, per World Gold Council survey.
Gold has surpassed U.S. Treasuries as the primary global reserve asset.
China seeks feedback on automated driving safety standards; Alibaba released Qwen-Robot AI; DeepSeek nears first funding round with ~20 billion yuan founder investment.

AI generated, for reference only

Alibaba: According to the article, Alibaba released the Qwen-Robot series, which is the company’s first embodied AI model.

DeepSeek: DeepSeek is an AI startup expected to close its first funding round. Founder Liang Wenfeng is personally investing about 20 billion yuan (approximately $2.8 billion) in the company.

AI generated, for reference only