Switzerland's foreign exchange reserves rose to CHF 716.4 billion in July 2025, the highest level since March, up from a revised CHF 713.1 billion in June. The increase was mainly driven by a rise in gold reserves to CHF 89.9 billion and gains in both SDR holdings and the IMF reserve position. Gold alone added over CHF 2 billion to the total. However, other reserve assets declined slightly to CHF 0.017 billion. The latest data highlights a strengthening reserve position amid supportive global conditions.

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