{"id":414033,"date":"2026-04-28T00:11:30","date_gmt":"2026-04-28T00:11:30","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/414033\/"},"modified":"2026-04-28T00:11:30","modified_gmt":"2026-04-28T00:11:30","slug":"the-bank-of-portugal-gold-reserves-have-increased-in-value","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/414033\/","title":{"rendered":"The Bank of Portugal gold reserves have increased in value"},"content":{"rendered":"<p>The <a href=\"https:\/\/www.bportugal.pt\/\" target=\"_blank\" rel=\"nofollow noopener\">Bank of Portugal<\/a>\u2019s reserves were worth \u20ac45.140 billion at the end of 2025, an increase of \u20ac14.245 billion compared to 2024, following a year marked by the appreciation of this asset, which is considered a safe haven in times of uncertainty.<\/p>\n<p>This development \u201cwas due to the combined effect of the rise in the price of gold in USD (+65.3%) and the depreciation of the USD against the euro (-13.1%)\u201d, explains the BdP.<\/p>\n<p>The central bank also notes that, as a result of interest rate movements, it continued to carry out gold-for-euro and gold-for-foreign-currency swaps, with the aim of maximising the return on this reserve asset.<\/p>\n<p>A gold-for-euro swap functions as a borrowing arrangement, where an interest rate (the difference between the spot value and the forward value) is agreed and accrues over the life of the transaction, explains the BdP.<\/p>\n","protected":false},"excerpt":{"rendered":"The Bank of Portugal\u2019s reserves were worth \u20ac45.140 billion at the end of 2025, an increase of \u20ac14.245&hellip;\n","protected":false},"author":2,"featured_media":414034,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[114,184,85,46],"class_list":["post-414033","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-economy","tag-il","tag-israel"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/414033","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=414033"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/414033\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/414034"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=414033"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=414033"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=414033"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}