Saturday Headlines: Central Bank Increases Gold Holdings; Iran Says It Opened Fire in Strait of Hormuz

TechFlow reported on November 7 that, according to Jin10 Data, Saturday's key news roundup showed China's central bank increased its gold holdings for the 24th consecutive month; at the end of October, gold reserves rose by 830,000 ounces month-over-month, about 25.82 tons. The State Administration of Foreign Exchange said that as of the end of October 2026, China's foreign exchange reserves stood at USD 3.4052 trillion.

On the international front, Iran's Revolutionary Guard said it opened fire on the U.S. side last night in the Strait of Hormuz, and Iran's Navy said a non-compliant tanker struck a mine and caught fire in the eastern part of the Strait of Hormuz. U.S. Central Command has established a task force to prevent Iran from transporting advanced weapons overland.

On the technology and corporate front, DeepSeek's website and API experienced partial outages on Saturday afternoon, and fixes have since been implemented. Apple disclosed progress on its robotic brain, using the Qwen model for validation on the Unitree G1, with an average success rate of 91% in single-task tests. Berkshire Hathaway's Q3 operating profit was USD 12.705 billion, down 5.8% year-over-year, and net income attributable to shareholders was USD 22.112 billion.

Source: TechFlow