Saturday Highlights: Central Bank Increases Gold Reserves, Iran Claims to Have Opened Fire in Strait of Hormuz

According to TechFlow, on November 7, according to Jinshi Data, a summary of key weekend news shows that China's central bank has increased its gold holdings for the 24th consecutive month, with gold reserves rising by 830,000 ounces, approximately 25.82 metric tons, month-on-month at the end of October; the State Administration of Foreign Exchange stated that as of the end of October 2026, China's foreign exchange reserves stood at $3.4052 trillion.

In international news, Iran's Islamic Revolutionary Guard Corps stated that it opened fire on American forces last night in the Strait of Hormuz, while the Iranian Navy reported that an unauthorized tanker struck a mine and caught fire in the eastern Strait of Hormuz; the US Central Command has formed a task force to prevent Iran from transporting advanced weapons via land routes.

In tech and corporate developments, DeepSeek’s website and API experienced partial outages on Saturday afternoon, which have since been resolved; Apple announced progress on its robot brain, utilizing the Qwen model on the Unitree G1, achieving an average success rate of 91% in single-task tests. Berkshire Hathaway reported a third-quarter operating profit of $12.705 billion, down 5.8% year-over-year, with net income attributable to shareholders amounting to $22.112 billion.