El Salvador's central bank announced on September 5th that it had purchased 13,999 ounces of gold worth $50 million. This purchase increased its gold reserves from 44,106 ounces to 58,105 ounces, valued at $207.4 million.

El Salvador stated that the purchase of gold is part of the country's international reserve diversification strategy. The country's central bank believes in gold and regards it as a global strategic asset. Previously, El Salvador has been focusing on increasing its holdings of Bitcoin. (Jinshi)