Energy:
1. Under pressure from Trump, the International Maritime Organization postponed its vote on a ship emissions charge.
2. Letters indicate that several countries urged the EU to delay the launch of the ETS2 carbon market until 2030.
3. Ukrainian special operations forces reported that Ukraine attacked Russian oil depots in Crimea.
4. Russian Deputy Prime Minister Novak stated that Russia has eliminated fuel import tariffs. Domestic demand for oil products is declining, and there is currently no need to import fuel.
Precious Metals and Mining:
1. Deutsche Bank: Gold's share of global reserves has risen to 30%.
2. National Bureau of Statistics: Total retail sales of gold, silver, and jewelry increased by 9.7% year-on-year in September.
3. Shanghai Futures Exchange: Adjusted margin requirements and price limits for gold and silver futures trading.
4. ECB Governing Council member Nagel: Gold remains a cornerstone of trust, and the ECB regularly reviews our reserves.
5. Supply disruptions boost profits, with global metal traders experiencing their most profitable year ever. 6. HSBC raised its 2026 average gold price forecast to $4,600 per ounce (previously $3,950 per ounce). Gold prices could reach a high of $5,000 per ounce in the first half of 2026.
7. Indonesian state mining company Bukit Asam reported coal sales of 33.7 million tons from January to September, an 8% year-on-year increase.
