Switzerland's central bank on Friday reported a profit of 12.6 billion Swiss francs ($15.7 billion) for the first nine months of 2025, boosted by soaring gold prices and rising stock markets.
The Swiss National Bank's gold holdings were unchanged, but their value skyrocketed as investors rushed to buy the precious metal as economic and geopolitical uncertainties drove prices to record highs.
At the end of September, the price of a kilogramme of gold stood at 98,024 Swiss francs, compared to 76,011 francs at the end of December 2024, representing a valuation gain of 22.9 billion francs for its gold holdings, the SNB said in a statement.
