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El Salvador Joins Gold Rush, Increases Gold Reserves for First Time Since 1990

By: theblockbeats.news|2025/09/08 08:51:50

BlockBeats News, September 8th: On September 5th, the Central Bank of El Salvador announced the purchase of 13,999 ounces of gold worth $50 million. This purchase increased its gold reserves from 44,106 ounces to 58,105 ounces, with a total value of $207.4 million.

El Salvador stated that the gold purchase is part of the country's international reserve diversification strategy. The country's central bank believes in gold and considers it a global strategic asset. Previously, El Salvador had been focused on increasing its holdings of Bitcoin. (Golden Finance)

Trader Eugene: Re-entering Long on SOL, with support at $200

HYPE Personal Holdings Leaderboard: One address currently holds nearly $76 million worth of HYPE, with 820,000 airdropped tokens held to date.