Metals & Macro Liquidity

According to Bitcoin Magazine, J.P. Morgan Asset Management included in its 2027 Long-Term Capital Market Assumptions on October 21 its first-ever long-term price forecast for Bitcoin. The forecast projects 10% annualized returns under a base case scenario and 16% under a bull case scenario

According to Shanghai Gold Exchange, on October 22, gold and silver futures (T+D) extended positions show settlement direction as long pays short.

According to Jin10, Shanghai gold noon trading closed at 879.84 yuan/gram on Thursday, October 22, 0.47 yuan higher than the international gold price of 879.37 yuan/gram.

According to Uganda's Ministry of Finance, the country's merchandise exports reached $1.5 billion in August, up 36% year-over-year. Gold exports led the growth, reaching $889 million in the month, up 68.9% compared to the same period last year.

According to CME data reported by Jin10 on October 21, commodity futures contracts showed mixed trading activity and open interest changes. In precious metals, gold trading volume fell to 165,337 contracts with open interest at 400,390 contracts, both declining from the prior day; copper volume

Palladium futures main contract declined 4.00% during today's session, trading at 248.40 yuan per gram.

According to PANews, spot gold fell below the $4,100 per ounce level on October 22, now trading at $4,097.66 with a 1.05% intraday decline.

New York silver futures declined 2.00% during intraday trading today, currently trading at $56.56 per ounce.

According to Jin10, Shanghai gold quoted at 884.95 yuan per gram in early morning trading on Thursday, October 22, trading 1.91 yuan per gram above the international gold price of 883.04 yuan per gram.

HS Dent founder Harry Dent said in an interview with Kitco News that he is selling his primary residence because “that’s the house most likely to get hit”; he sold his vacation home years ago. Dent called the market rally since March 2009 “the biggest and longest-lasting bubble in history.” He expects the S&P 500 to potentially fall about 54% in the first wave, and gold to correct 60%–70%. Dent Sells Primary Residence: Pending Home Sales in the U.S. Fall 7.3% in September In the interview, Dent

According to Jin10 Futures, gold and silver prices entered range-bound trading on October 22, with holdings declining amid U.S. Federal Reserve meeting expectations. SPDR gold holdings decreased 2.566 tonnes, while SLV silver holdings fell 19.66 tonnes. The gold-silver ratio stood at 71.68.

According to Jin10, as of early trading on October 22, the U.S. State Department is preparing to order the partial evacuation of personnel and families from certain U.S. embassies in the Gulf region. Meanwhile, spot gold has pulled back amid market

According to Jin10 Futures, as of 8:30 AM Beijing time on October 22, spot platinum declined 1.25% and spot palladium fell 1.48% in early trading.

According to Jin10, Russia's central bank sold 6.2 tons of gold in September, bringing its sovereign reserves to 2,264 tons, the lowest level since end-2019. The sales mark the tenth consecutive month of declining holdings. Since December 2025, Russia

According to Jin10 Futures on October 22, U.S. equity indices rose overnight: the Dow Jones Industrial Average gained 0.69% to 52,856.09, the S&P 500 rose 0.58% to 7,757.17, and the Nasdaq-100 climbed 1.05% to 26,702.86. IBM surged over 3% and Nvidia gained over 2%, leading the Dow; semiconductors a

SPDR Gold Trust, the world's largest gold ETF, saw its holdings decrease by 2.566 tonnes compared to the previous day, with current holdings at 1,057.617 tonnes.

iShares Silver Trust, the world's largest silver ETF, saw holdings decline by 19.66 tonnes day-on-day, with current holdings at 15,485.69 tonnes.