Lisbon, Oct. 8, 2025 (Lusa) - The rise in the price of gold has made the Bank of Portugal's reserves more valuable, and they are now worth more than €46 billion, an increase of 47% since the start of the year.

According to the Monetary Policy Implementation Report for 2024, the gold held by the Bank of Portugal (BdP) was valued at €31 billion at the end of 2024, representing a 34% increase from 2023.

The bank held 382.7 tonnes of gold, an amount that has been maintained, so the reserves have appreciated even more this year.

Gold, considered a safe haven asset for investors in times of uncertainty, reached a new all-time high today, slightly surpassing $4,000 per ounce.

Using this value as a benchmark, the central bank's reserves are already worth around €46.3 billion, according to Lusa's calculations, which translates into an appreciation of 49% since the start of the year.

Massive purchases by central banks, the weakness of the dollar and the geopolitical context are driving the rise in gold, which has appreciated by almost 50% this year.

MES/ADB // ADB.

Lusa