Gold

China is increasing its gold reserves in a bid to reduce its dependence on US dollar assets and protect against financial and geopolitical risks, analysts say, while households are turning to the precious metal amid uncertainty over the domestic economy.

The People’s Bank of China reported buying gold for a 23rd consecutive month in September, when the country’s central bank also made its largest monthly purchase in nearly three years. The sustained buying points to a longer-term effort to spread risk associated with its vast reserves, experts say.

Among concerns is high US debt and Western governments’ freezing of assets, which has highlighted the inherent risk in holding money overseas, particularly for emerging market and Global South economies. Gold bought and stored domestically offers protection against that risk because access does not depend on the will of another government.

But central bank buying and household demand for gold in China have different drivers. While Beijing is managing its financial exposure, private investors are seeking somewhere to preserve their savings. Here is what we know.

How much gold has China bought?

China’s central bank added approximately 23 tonnes of gold in September, bringing its reported holdings to about 2,410 tonnes, according to the World Gold Council. That was its largest monthly purchase since October 2023. Gold accounted for 8.5 percent of China’s total official reserves at the end of September, compared with 5.5 percent at the end of 2024.

Reserves are assets central banks hold to ensure they can meet international payments and respond to financial disruption. They usually include foreign currencies, foreign government debt and gold.

Private demand for gold within China has also risen, with purchases of gold bars and coins 28.4 percent higher in the first half of 2026 than during the same period last year, according to the China Gold Association. The buying of gold has continued amid falling prices, with gold down around 8.5 percent over the month.

The World Gold Council attributed the decline in gold prices partly to a stronger dollar and higher returns on US government debt. With interest rates going up in an attempt to curb inflation, these investments are attractive for buyers as they pay interest, making them more attractive to private investors than gold, which does not.

Why is China buying more gold?

A key objective is to reduce dependence on US government debt, known as Treasuries, according to Thu Lan Nguyen, head of commodity research at Commerzbank in Frankfurt.

China holds substantial reserves in dollar-based assets and, therefore, buying gold reduces its exposure to decisions taken in Washington. “China’s gold purchases are part of a broader effort to make its reserves more resilient,” Nguyen told Al Jazeera.

The freezing by Western countries of roughly $300bn in Russian Central Bank overseas assets following Moscow’s invasion of Ukraine in 2022 demonstrated how reserves held abroad can quickly become inaccessible.

The concern for China may be that a future confrontation with Washington could expose some of its overseas assets to similar restrictions. “Gold held domestically has a crucial advantage in this respect: it does not represent a claim on another country and is therefore much less exposed to sanctions or asset freezes,” Nguyen said.

“I would interpret it primarily as risk management,” she added, pointing to increased geopolitical tensions and economic and fiscal risks.

America’s rising debt, which hit $40 trillion for the first time in history earlier this year, adds another source of uncertainty. In February, the US Congressional Budget Office projected that federal debt held by the public would rise from 101 percent of the size of the US economy in 2026 to 120 percent in 2036. That provides context for concerns about Washington’s ability to repay that debt going forward should an economic crash occur. Much of this debt is held by China. Gold, therefore, offers a less volatile and risky asset to hold.

Chinese households have different motivations for buying gold. When confidence in other investments weakens, gold can become more attractive as a way to hold savings. “Strong demand for gold can partly reflect a search for alternative stores of value,” Nguyen said.

The World Gold Council has identified weak Chinese share markets as one factor supporting domestic demand for gold, while its property market is burdened by heavy borrowing and overbuilding, contributing to a fall in housing prices, making it a poorer investment.

What this means for the US dollar

Analysts warned that China’s increased buying of gold does not signal an imminent end to the dollar’s global dominance. “I would be cautious about describing this as a major shift away from the dollar,” Nguyen said. “The dollar remains by far the dominant global reserve currency.”

But a gradual shift could still matter if China and other central banks put more of their new reserves into gold, buying fewer US assets than they normally would. That could weaken one source of demand for US government debt. But the effect would depend on how widely and quickly the shift developed.

“The key point is, therefore, that this is likely to be a slow diversification process rather than a sudden abandonment of the dollar,” Nguyen said. She added that the consequences for the US economy would remain limited unless the trend broadened and accelerated substantially.

Central banks also need readily available foreign currency to support international payments and the dollar remains central to those transactions. So gold can provide financial protection, but it cannot directly replace all the functions of dollar reserves.

Who else is buying gold?

China is part of a wider trend, particularly among central banks in emerging economies, Nguyen said.

“The trend is particularly visible among emerging market central banks,” Nguyen said. “But sanctions are only part of the story.”

Poland has also become a more prominent buyer. Its central bank purchased 31 tonnes in the first quarter of 2026 and another eight tonnes in July, according to the World Gold Council.

Large holdings do not necessarily indicate recent purchases. India, for example, confirmed in June that its physical gold stock remained unchanged at about 880.5 tonnes. India’s gold reserves have changed little since mid-2025, according to the World Gold Council. It bought about four tonnes in 2025, down from 73 tonnes in 2024.

Despite China’s sustained buying, its reserves remain far smaller than those of the United States. Its holdings of about 2,300 tonnes at the end of 2025 amounted to less than one-third of the US stockpile of approximately 8,133 tonnes.

HE stole the show on last night’s opening episode of Celebrity Traitors, honestly announcing to the group that he was, in fact, a traitor.

Alongside his comical moments on the BBC show, actor Richard E Grant also gave some touching references to his late wife Joan Washington.

After host Claudia Winkleman selected the Withnail & I star as a traitor alongside presenter Maya Jama, Richard spoke about “love of his life” Joan, who passed away in 2021.

Delighted at being a traitor, he told viewers: “My wife said to me four days before she died, she said Richard try and find a pocketful of happiness in each day, and I feel like I’ve got a wheelbarrowful and then some.”

Richard’s heartfelt confession came just minutes before his now legendary Celebrity Traitors gaffe revealing his traitor status.

The relationship between Academy Award-nominee Richard, 69, and his wife of 35 years was so romantic it could have played out on the silver screen.

IN A JAM

Traitors winner thinks Maya Jama and Richard E Grant have made ‘big mistake’

HONEST MISTAKE

Claudia Winkleman breaks silence on Richard E Grant’s Celeb Traitors blunder

Richard met dialect coach Joan at a London studio, called The Actors’ Centre, in 1982, where she had been teaching an accent class.

At the time, Joan was married to someone else, and had a son called Tom, but Richard could not take his eyes off her.

In 1994, he told The Independent he was captivated, saying: “She was wearing a boiler suit and had fairly short, cropped hair and Kicker shoes, and was chain-smoking, which I thought was insane.”

But he added: “I thought she had the most wonderful voice and huge, sort of monkey eyes. She seemed fairly frenetic. I thought that she was really cute and all that.”

Joan gave Richard a lesson in developing an Irish accent and he says they “instantly” clicked.

But initially, and amusingly, Joan found him “annoying”.

She said: “I used to take a class of about 20 people and I actually used to find him quite annoying because he’d get the giggles at quite the wrong moment and I was a strict teacher.”

Giggling aside and getting to know Richard during private lessons, Joan quickly realised she was falling for him.

She previously described her then-marriage as “extremely bad at the time” and slowly found herself smitten with the handsome actor in her class.

Recalling the way she was feeling, Joan told The Independent that she soon realised she was “madly in love with him”, adding: “I do believe that there’s one person on the globe that’s meant for you.”

The pair became a couple a year later and their relationship went from strength-to-strength, even though their jobs often meant they spent great chunks of time apart.

Richard said he never believed in marriage until he met Joan.

“My parents were divorced when I was 11 and it made such a profound impression on my life that I suppose I thought that by not getting married, you could avoid your life being carved in two. But that changed,” he told The Independent.

Although they were often apart, Richard and Joan would speak on the phone regularly and write to each other daily.

Eventually, Richard decided it was time to make an honest woman of his girlfriend with a proposal that could have been straight out of a movie.

Arriving home to London for Christmas following six weeks away in Africa, he couldn’t wait any longer and popped the question at the airport.

Richard previously recalled: “So I came back and went on bended knee with my trolley at 6.30am at Heathrow Airport – and, luckily for me, she said yes.”

Richard, who was nominated for an Oscar for his role in Can You Ever Forgive Me?, and Joan married in 1986.

Richard once described their marriage as “the story of my adult life”, saying they began a conversation when they met and never really stopped.

Following their marriage, the newlyweds were keen to start a family together. Sadly, their journey was a difficult one.

Joan suffered three miscarriages. They were then left heartbroken when their first child, a daughter called Tiffany, died very soon after she was born.

Richard later told YOU magazine: “Until that time I had no idea how common it is to lose babies and what it actually meant.”

Thankfully, the couple later welcomed their rainbow baby – a second daughter, who they named Olivia, in 1989.

Richard has since described Olivia as his and Joan’s “miracle baby”.

In 2019, the devoted father looked proud as punch as he walked the red carpet with Olivia on his arm at the Oscars.

Speaking to ABC, he said at the time: “My daughter, absolutely gorgeous, she’s 30 and she works in casting so I’m guaranteed a job for life, hopefully.”

Richard and Olivia run a unisex fragrance company together, called JACK.

Speaking about her life with her dad, Olivia added: “I’m just proud. It’s been the best ride to go on together.”

Unlike dozens of other Hollywood stars, Richard and Joan’s beautiful relationship lasted the distance and their love for one another was unbreakable.

Speaking to The Guardian in 2015, he described their marriage as “gold dust”.

Tragically, in 2021, Richard confirmed on Instagram that his wonderful wife had passed away at the age of 74, following a battle with lung cancer. 

Sharing an emotional video of himself dancing with Joan, Richard wrote: “Joan – Love of my Life, giver of Life to our daughter Olivia.

“Our hearts are broken with the loss of your Life last night. 35 years married and 38 together. To be truly known and seen by you, is your immeasurable gift. Do not forget us, sweet Monkee-mine.”

The actor was left devastated at the loss and said experienced further heartbreak how some friends reacted to the news, claiming a couple stopped speaking to him and even crossed the road to avoid speaking to him about his grief.

He shared: “Subsequent to her death, I have had people cross the road rather than talk. Whether they think you’re going to fall apart and you’re an emotional wreck, I don’t know. But I will never speak to them again.”

Before she passed, Richard admitted she gave him a “hilarious” list of women he must never date after she passed – although he said he does not expect to fall in love again.

Two years ago, he admitted he still writes her letters every night to stay in touch. 

He told The Guardian: “I write to her every night. [I write down] everything. Stuff I know would amuse her… I have no spiritual or religious delusion that I’m ever going to get a reply.

“But after 38 years of marriage, I can hear what her response would be. It feels as close a connection as I can have. And I’ve found it very hopeful, that at the end of the day I’m having a conversation.”

In early September, Richard marked the fifth anniversary of her death with a touching tribute.

On Instagram, he wrote: “Five years ago today, my beloved wife Joan died at 7:30 in the evening. We were holding each other’s hands when she drew her last breath.”

In June 2026, Olivia and husband Florian Herbst – who wed in 2024 – welcomed their first child, a son, making Richard a grandfather for the first time.

The proud actor referred to his late wife on Instagram when he announced the news, calling the baby “our grandson.”

In an Instagram video in June 2026, an emotional Richard said: “I’m so grateful for the safe arrival of our grandson. Life truly is miraculous.”

In addition to this, in September he shared a clip of him carrying his grandkid on a walk, saying: “No better way to start my day bobbing our sleeping grandchild along Petersham meadow with Annie Lennox playing in my head.”

Lin bags her second Asian Games gold medal, three years on from her success in Hangzhou in the 57kg class.

Taiwan boxer Lin Yu-ting, the Olympic champion who found herself embroiled in a major gender row at Paris 2024, has won gold at the Asian Games.

Lin beat China’s Yang Chengyu 5-0 on Friday in the women’s 60kg (132lb) final in Nishio, Japan, giving her a second Asian Games gold after winning in the 57kg (126lb) class in Hangzhou, China, three years ago.

The 30-year-old was backed by a small pocket of vocal Taiwan supporters in the Nishio Gymnasium in Nishio, southeast of Nagoya.

Towering over her opponent, Lin used her superior reach to take control of the bout and had a clear advantage heading into the third and final round.

She held off a late assault from Yang to take gold, celebrating with the minimum of fuss.

Lin told the AFP news agency before the Games that she had considered retiring after the Paris Olympics but wanted to carry on fighting in part to defy those who questioned her eligibility.

Lin and Imane Khelif of Algeria were disqualified from the 2023 world championships by the International Boxing Association (IBA) after the organisation said they failed unspecified gender eligibility tests.

However, the International Olympic Committee allowed them to compete in Paris, saying they were victims of “a sudden and arbitrary decision” by the widely discredited IBA. Both went on to win gold.

Gold hits seven-week low; silver follows suit and records a nearly 5 percent loss.

Gold prices are falling as concerns of rising fuel prices stoke inflation worries on the back of the war between the United States and Iran.

Spot gold prices fell by 3.3 percent to reach a more than seven-week low at $4,146.51 per ounce on Monday.

Rising oil prices, a higher US dollar and Treasury yields stoked inflation concerns, creating further headwinds for the metal.

This is the lowest level for gold values since August 5. US gold futures also fell by 3.3 percent to $4,178.40.

Although gold is traditionally considered an inflation hedge, higher interest rates dent ⁠its appeal as investors prefer yield-bearing assets.

“There might be no notable direct impact on regular people due to that. However, investors who had turned to gold will see a hit, especially under the current high inflation rates,” Sherif Othman, CEO of the Maryland-based Poise Investment Advisors, told Al Jazeera.

“Gold does not yield interest, so when Treasury yields go up, investors turn away from gold, impacting its value”, he added.

The Fed lifted benchmark rates by a quarter ⁠percentage point earlier this month and flagged that at least one more hike is likely in the coming months.

The US dollar was steady near a two-month high, and oil prices spiked about 3 percent as US President Donald Trump rejected an Iranian offer ⁠to resolve the conflict and reopen the Strait of Hormuz.

Such factors triggered several policymakers to warn that inflation risks remain elevated and that interest rates may need to rise, with Cleveland Fed President Beth Hammack among the latest officials to reiterate that view.

Higher Treasury yields and the US dollar are “creating a perfect storm to push the metals prices sharply lower,” according to Jim Wyckoff, a market analyst at American Gold Exchange.

Spot silver also fell by 4.7 percent to $61.27 per ounce, platinum declined 2.9 percent to $1,726.30 and palladium lost 4.4 percent to $1,211.45.

The top seeds defend their Asian Games squash titles, becoming the first players to qualify for the Los Angeles Games.

Malaysia’s Eain Yow Ng and Sivasangari Subramaniam have made history by becoming the first squash players to qualify for the Summer Olympics after winning gold medals at the Asian Games in Aichi-Nagoya, Japan.

The defending champions won the men’s and women’s finals on Sunday and earned a ticket to the 2028 Los Angeles Games, where squash will make its Olympic debut.

Squash is among a handful of sports at Aichi-Nagoya where a gold medal serves as automatic qualification for the next Olympics.

Both Eain and Sivasangari successfully defended their titles without dropping a single game in their campaigns. Their victories gave Malaysia its fifth and sixth gold medals.

World number 18 Eain thrashed India’s Abhay Singh 11-9, 11-5, 11-5 in 33 minutes at the Nagoya Kinjo Futo Arena and became the first Malaysian to qualify for the Olympics.

World number five Sivasangari joined her compatriot soon after when she made quick work of the women’s final against India’s Anahat Singh.

She demolished Singh, ranked 17th in the world, 11-4, 11-4, 11-7 in just 23 minutes to clinch gold.

Earlier, Singh, the world junior champion, produced a stellar comeback in the semifinals from two sets down to overpower Japan’s Satomi Watanabe (9-11, 11-13, 12-10, 11-6, 11-3) on Saturday.

“I think it is the best win of my career,” Singh, 18, said after the match. “She’s number six in the world, and that’s the highest win I’ve ever had in my squash career.”

She made history even before Sunday’s match began when her semifinal victory made her the first Indian woman to reach the singles final at the Asian Games.

Earlier in the day, Pakistan picked up two more bronze medals at the games as third seed Noor Zaman toppled compatriot Ashab Irfan 3-0 in the bronze medal match. Watanabe took a 3-1 win over Hong Kong’s Sin Yuk Chan.

The 13-year-old beat the previous 400m Asian Games record, set by China’s Ye Shiwen in 2014, by about 4.5 seconds.

China’s 13-year-old swimming sensation Yu Zidi has completed a hat-trick of Asian Games golds with a dominant victory in the 400m individual medley, two years before the Los Angeles Olympics.

The schoolgirl powered home in an Asian Games-record 4 minutes 28.56 seconds (04:28.56) on Wednesday to make it a clean sweep of her three individual events in Tokyo, following victories in the 200m butterfly and 200m individual medley, also in games-record times.

She beat the previous 400m games record set by China’s Ye Shiwen in 2014 by approximately 4.5 seconds.

It was the fourth-fastest time in the world this year, with world record-holder Summer McIntosh owning the top three.

With the next Olympics two years away, Yu is shaping up to be a major medal contender at the 2028 Los Angeles Games.

Last year, she became the youngest medallist at the World Aquatics Championships, where she won bronze for China’s relay team at the age of 12, and has since been earmarked for success in the swimming world.

At the same championship, Yu finished fourth by a small margin in three individual events.

In March, the teen sensation built on her growing reputation with a 200m butterfly victory over seven-time American Olympic medallist Regan Smith at the China Swimming Open.

At the Asian Games, Yu has dominated the pool and showed another glimpse of her immense talent in the 400m individual medley, where she took the lead from the start and finished 3.95 seconds clear of silver medallist Ke Wenxi of China, with Japan’s Mio Narita finishing third.

In addition to grabbing international headlines, Yu has become a sensation at home following her Asian Games exploits.

The story of her introduction to competitive swimming after being spotted by a coach at a water park, and her struggle with interviews, has gone viral on local social media platforms.

At the games, Yu was asked by the media whether answering questions was the hardest part of competing. She replied, with a giggle: “Every time I just want to float off somewhere else.”

A gold mine collapse in northern Sudan has killed at least 10 people and injured 21, according to survivors, bringing renewed attention to the dangers facing workers in one of the country’s most important and least regulated industries.

The collapse took place on Sunday at the Awny mining area near Sudan’s border with Egypt. Miners told the AFP news agency they had recovered 10 bodies and pulled 21 injured workers from the site, while the search continued for people believed to be trapped beneath the rubble. It is unclear how many people are trapped in the collapsed mine.

The disaster comes just days after another deadly accident at a gold mine in West Kordofan State. A collapse at the al-Zaraa mine near en-Nahud, a town in central Sudan, left at least 82 people dead.

Sudan is one of Africa’s top gold producers, recording 70 tonnes of production last year, according to the Sudanese government.

Since fighting broke out in April 2023 between Sudan’s army and the paramilitary Rapid Support Forces (RSF), businesses have been devastated, agriculture has been disrupted, millions of people have been displaced, and Sudan’s formal economy has weakened. In that environment, gold has remained one of the country’s most valuable sources of income.

In July 2025, it was reported by local agencies that Sudan’s gold production rose sharply despite the ongoing conflict, reaching 64 tonnes in 2024, 53 percent higher than the 41.8 tonnes recorded in 2022, and generating $1.57bn in legal export revenues.

However, the gold trade has also become a point of international scrutiny. Most of the gold exports end up in the UAE. In March 2025, Sudan went to the International Court of Justice (ICJ), accusing the UAE of supporting and funding the RSF using gold. The UAE has denied accusations that it supplies weapons to the RSF.

Sudan’s gold deposits are spread across the country, with the majority in the northeast. Port Sudan, the country’s main port, is home to most of the deposits and has been largely controlled by the Sudanese Army since the war began. However, areas controlled by the RSF are also populated by gold deposits.

At the moment, “much of Sudan’s gold is taken out of the country through smuggling or illicit networks instead of passing through government channels that could directly contribute to public revenue,” said Joseph Tucker, senior analyst on the Horn of Africa at the International Crisis Group.

But amid that diplomatic battle and the accusations surrounding gold, the mining deaths in northern Sudan have also raised larger questions over how the country manages the sector, analysts say.

“This disaster is yet another example of the deadly hazards facing those working in Sudan’s gold mines,” Tucker told Al Jazeera. “Most of these (gold mines) are informal, artisanal mines in remote areas that are unregulated and lack modern mining technology, adequate infrastructure, and specialised safety equipment.”

This year, Sudanese Prime Minister Kamil Idris met with the minister of minerals and spoke on the policies for regulating traditional mining and the management and control of various mineral markets. According to French-based Sudanese media, Sudanese authorities called for swift action to address the environmental damage and public health hazards caused by mining activities across the country.

Yet, despite the dangers, Tucker said the state of the Sudanese economy made gold mining appear lucrative to many Sudanese.

During the war, the Sudanese currency’s value has crashed. Before the outbreak of fighting in 2023, about 570 Sudanese pounds could buy a US dollar. By April 2026, the currency had slid to a sixth of that value: It cost 3,500 pounds or more to afford a dollar. That has led to sharp food inflation and a surge in the costs of transport and fuel.

According to estimates by the United Nations Development Programme, Sudan lost $6.4bn of its gross domestic product (GDP) in 2023 alone: That’s a quarter of the country’s $26bn GDP that year. In August, the UN agency reported that 90 percent of the agrarian nation’s farmers had seen yields drop over the previous year.

That economic crisis, Tucker said, “fuels the demand for gold and willingness of miners to work in poor conditions” – even if it proves deadly.

Chinese schoolgirl Yu Zidi lit up the opening day of the Asian Games with a record‑breaking 200m butterfly gold medal secured by a performance she described as “only so‑so”.

The 13‑year‑old claimed her first major gold in two minutes 05.08 seconds, an Asian Games record that took almost half a second off compatriot Zhang Yufei’s mark from three years ago.

Yu, who is strongly tipped to make an impact at the 2028 Los Angeles Olympics, won by over three seconds in Tokyo from her team-mate Chang Mohan.

“It was only so-so,” a smiling Yu said after receiving her medal, adding that her butterfly technique “is still slightly lacking”.

“I hope I can swim even faster. I improved my time by 0.9 seconds here, and I believe I will perform better next time,” she continued.

Yu, who will take part in two more individual events at the Asian Games, became the youngest ever swimmer to win a medal at the World Championships when she took bronze as a 12-year-old as part of China’s 4x200m freestyle relay team last year.

Somewhere in the overlap between William Friedkin’s 1977 action thriller “Sorcerer” and Kelly Reichardt’s 2020 Pacific Northwest pioneer indie “First Cow” lies Padraic McKinley’s directorial debut “The Weight.”

“Sorcerer” is about a group of fugitives driving a load of dynamite across the jungle; “The Weight” follows a group of Depression-era convicts transferring gold through the forest. “First Cow” is about the sweetness of friendship and French pastries in the wilds of Oregon during westward expansion; “The Weight” is about the corrupting forces of capitalism. McKinley’s movie marries the instincts of modern indie filmmaking with a New Hollywood ethos, while bringing an authenticity to the details of the period.

We follow the story of Murphy (Ethan Hawke), a World War I vet and single father in Eugene, Ore., struggling to provide for his daughter, Penny (Avy Berry), three years into the Great Depression. After an unfortunate run-in with the law, Murphy finds himself in a prison labor camp, building a road and trying to shorten his sentence so he can get out before his daughter is adopted by a new family.

Opportunity presents itself in Murphy’s foreman, Clancy (Russell Crowe), who takes a shine to him after he fixes his car and devises an ingenious way to remove boulders without dynamite. Cuddly but dangerous, Clancy makes a seemingly simple offer to Murphy: He and three friends can earn their freedom if they hike a load of gold out of a mining camp on the eve of President Franklin D. Roosevelt confiscation of all gold stockpiles.

The how and why details aren’t that important; the story is merely that the prisoners have to get from point A to point B through a rugged forested terrain, under the watch of two intimidating chaperones, Amis (Sam Hazeldine) and Letender (George Burgess). A mining camp servant, Anna (Julia Jones), joins their group as a runaway and while it seems a straightforward task, the arduous and brutal journey is one that is liable to turn these convicts into runaways.

Murphy’s gang weren’t really outlaws to begin with — he was imprisoned for defending his daughter from some undercover cops, while Singh (Avi Nash) was arrested for his associations with socialism. Olson (Lucas Lynggaard Tønnesen) was part of a group going after a judge for seizing Scandinavian farms, while the most hardened criminal among them is Rankin (Austin Amelio), who grew up in juvie. But in order to survive the woods, Murphy will have to dig deep into his wartime past and rely on his own skills and smarts to make out it out intact.

McKinley pours his craft into authentically representing the era, from the perfectly worn denim of the costumes to the refreshingly real and craggy faces of the cast (and thank goodness Hawke and Crowe are respectably aging into their character-actor looks). The Bavarian forest beautifully stands in for 1930s Oregon and cinematographer Matteo Cocco balances ’70s-inspired slow zooms with composed, high-contrast images that hark to early 20th century styles of photography. A score by Latham and Shelby Gaines balances discordant, atonal tones with suspense-driven sound design that captures the creaking noises of the forest and the concealed dangers it holds.

McKinley stages a few bullet-sweating sequences of peril, including a particularly brutal transport of gold bars across a crumbling rope bridge and an underwater accident exacerbated by floating logs. Both are nail-biters but you can’t help but think he could have pushed it even further. Tonally, the film is torn between wanting to be brutally bleak and offering some kind of hope for Murphy and his precocious, adorable daughter.

When “The Weight” leans into its nasty, mean and grim moments, it gets at something that seems closer to truth than the saccharine resolution we fear is coming. It seems like McKinley wants to deliver a crushing blow, but then feints at the last minute, opting for a more optimistic kind of fantasy.

Politically and culturally, what “The Weight” speaks to is as ugly as the violence that occurs in the mud and fog of the forest. But it ends on an oddly cheery note that doesn’t square with what we’ve seen. It’s a cutesy ’70s nod that feels more “Smokey and the Bandit” than “Sorcerer.” The bolder choice would have been to commit to expressing the despairing lessons of this world. We want to see these characters changed by what they’ve experienced, even if it’s dark. We want to see them actually carry the weight.

Katie Walsh is a Tribune News Service film critic.