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2025-10-31Friday

22:24:47

Morgan Stanley: Gold Prices Could Rise to $4,500 by Mid-2026. Morgan Stanley states that gold prices are poised to reach $4,500 per ounce by mid-2026 (previously projected for the second half of 2026) due to strong physical demand from ETFs and central banks, coupled with continued economic uncertainty. In a report, Morgan Stanley noted, “Recent gold price action has pushed it into ‘overbought’ territory on the Relative Strength Index (RSI), but the recent pullback has brought it back to healthier levels, potentially clearing market positions.” The bank expects continued buying of gold ETFs as interest rates decline, along with continued central bank purchases, albeit at a slower pace, while jewelry demand is expected to stabilize. However, Morgan Stanley also warns of downside risks, including potential price volatility that could prompt investors to shift to other asset classes, or central banks reducing their gold reserves.

22:22:04

The Dow Jones Industrial Average has just broken through the 47,500.00 mark, currently trading at 47,498.78, down 0.05% on the day.

22:19:26

Vale: Iron ore inventories will be converted into sales in the coming quarter, and costs are expected to reach guidance targets.

22:17:04

Poland plans to issue bonds worth 11 billion to 22 billion zlotys in two regular bond offerings in November.

22:16:49

Vale: The expanded net debt is moving toward the middle of the target range of $10 billion to $20 billion.

22:16:37

A Reuters survey predicts that the Russian central bank will cut its key interest rate from the current 16.5% to a median of 16% by the end of 2025; the Russian ruble is expected to reach 94.2 against the dollar in 12 months (compared to 97.7 in the previous survey); and the median inflation rate is expected to be 6.9% by the end of 2025 (compared to 6.5% in the previous survey).

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