Brazil's National Petroleum Institute (NPC) reported that Brazil's oil production in September was 3.915 million barrels per day, up 12.7% year-on-year.

New York silver futures rose 1.00% on the day, currently trading at $48.65 per ounce.

Domestic News: 1. ICBC and CCB suspended physical gold bar withdrawals, but ICBC has since resumed them. 2. Gold prices at Shenzhen's Shuibei Market suddenly surged, reaching 992 yuan/gram by 2:30 PM. 3. EU-China export control dialogue was held in Brussels. 4. The US Treasury Secretary stated that the US might impose additional tariffs on China if it continues to block rare earth exports; China responded. 5. China extended visa-free access for Sweden and France to the end of 2026; China resumed group tours to Canada. 6. The People's Bank of China and the Bank of Korea renewed their bilateral currency swap agreement. 7. Wang Jianjun, former member of the Party Committee and Vice Chairman of the China Securities Regulatory Commission, was expelled from the Party and dismissed from public office for serious violations of discipline and law. 8. The National Immigration Administration added five ports in Guangdong Province to the 240-hour visa-free transit policy. 9. Li Qiang will attend the opening ceremony and related activities of the 8th China International Import Expo. 10. The National Immigration Administration launched 10 innovative entry and exit measures. 11. The RatingDog China Manufacturing PMI fell to 50.6 in October, indicating a slowdown in manufacturing expansion. International News: 1. OPEC Secretary General: Global oil demand is not expected to peak in the short term; oil demand is expected to grow by 1.3 million barrels per day this year. 2. Federal Reserve – Milan: The Fed may reach the neutral rate through a series of 50 basis point rate cuts, but does not need a 75 basis point cut. Goolsby: Inflation data remains worrying, and the threshold for rate cuts has risen. Cook: A rate cut is possible in December, but it will depend on subsequent information. Daly: Open to a December (rate decision). 3. Microsoft received its first export license to export Nvidia A100, H100, and H200 GPUs to the UAE. 4. Amazon Web Services signed a $38 billion agreement with OpenAI. 5. The London Metal Exchange (LME) announced that it will suspend trading of metal options denominated in non-US dollar currencies starting November 10, 2025. 6. The US ISM Manufacturing PMI fell short of expectations, remaining below the 50-point mark for the eighth consecutive month. 7. The Peruvian Foreign Minister announced that Peru has decided to sever diplomatic relations with Mexico. 8. Balancer, a decentralized finance protocol based on Ethereum, may have lost more than $100 million in a hacking attack. 9. The US Treasury estimates fourth-quarter borrowing at $569 billion, a decrease of $21 billion from the July estimate.