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Transcript

*Breaking: Cambodia Chooses China to Hold Gold

Market Rundown | UBS Price Hikes Hint at Deeper Theme: America Is Buying
Housekeeping: Good Morning: 

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News/ Analysis:

Cambodia Chooses China for Gold Storage, Economic Expansion

·
Nov 5
Cambodia Chooses China for Gold Storage, Economic Expansion

GFN – BEIJING: Cambodia is among the first nations to place part of its official gold reserves under Chinese custody, marking the first tangible step in Beijing’s effort to position itself as a global bullion storage hub. China’s entry into the GoldVaulting buisness for Central banks was first discussed in

UBS Price Hikes Hint at Deeper Theme: America Is Buying

·
Nov 5
UBS Price Hikes Hint at Deeper Theme: America Is Buying

UBS analysts Giovanni Staunovo and Wayne Gordon, fresh on the heels of raising their Silver Price targets (and correctly calling for a new ATH) have now raised their price targets for both platinum and palladium for divergent reasons. The reports, released by the UBS Chief Investment Office on 30 October 2025, point to diverging drivers in the two markets: policy-driven tightness in platinum and sentiment-driven accumulation in palladium.


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Data on Deck: Jobs- Data We Won’t Get

  • MONDAY, NOV.3 PMIs

  • TUESDAY, NOV.4 *U.S. trade deficit Sept.

  • WEDNESDAY, NOV.5 ADP employment

  • THURSDAY, NOV. 6 Fed speakers

  • FRIDAY, NOV.7 Unemployment*1

Charts and Final Market Check:

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  • MONDAY, NOV.39:45 amS&P final U.S. manufacturing PMIOct.52.210:00 amISM manufacturingOct.49.1%10:00 am*Construction spendingSept.NA2:00 pmFed governor Lisa Cook speechTBAAuto salesOct.16.4 million

  • TUESDAY, NOV.48:30 am*U.S. trade deficitSept.NA10:00 am*Factory ordersSept.--NA10:00 am*Job openingsSept.--7.2 million

  • WEDNESDAY, NOV.58:15 amADP employmentOct.-32,0009:45 amS&P final U.S. services PMIOct.55.210:00 amISM servicesOct.50.0%

  • THURSDAY, NOV. 68:30 am*Initial jobless claimsNov. 1NA8:30 am*U.S. productivityQ33.3%^10:00 am*Wholesale inventoriesSept.--NA11:00 amNew York Fed President Williams speaks4:30 pmPhiladelphia Fed President Paulson speaks5:30 pmSt. Louis Fed President Musalem speaks

  • FRIDAY, NOV.78:30 am*U.S. employment reportOct.NA8:30 am*U.S. unemployment rateOct.NA8:30 am*U.S. hourly wagesOct.NA8:30 am*Hourly wages year over yearNA9:30 amDallas Fed President Lorie Logan speaks10:00 amConsumer sentiment (prelim)Nov.53.63:00 pmConsumer creditSept.$0.3 million

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