The Swiss National Bank will likely report a record full-year profit of around 80 billion Swiss francs ($87.79 billion) for 2024, it said on Thursday, after benefiting from booming equity markets, rising gold prices and a stronger U.

China’s central bank expanded its gold reserves for a second month in December, signaling renewed appetite after temporarily pausing purchases last year as prices soared.

Gold futures rose Tuesday to snap a two-session losing streak, gaining from a softer dollar after President-elect Trump rejected reports of a more moderate trade policy approach. Gold prices broadly shrugged off stronger than expected U.