Shanghai Gold Exchange Gold T+D closed up 0.19% at 840.16 yuan/gram on Nov 3 (Tue); Silver T+D closed down 1.33% at 11,650.0 yuan/kg.

An Iranian senior official said Tehran and the US remain far from reaching an agreement to end the war, and Iran is prepared to respond forcefully to US strikes in the region and beyond.

On Nov. 2 the PBOC, the National Administration of Financial Regulation and the CSRC held meetings on an inter-institution swap facility for securities, fund and insurance firms and on re-loans to support share buybacks. Huafu Securities research head Ren Zhiqiang said the package advances multiple market-stabilizing steps: expand and cut fees for the swap facility among securities, fund and insurance companies; convert buyback re-loans into a permanent facility and lower the rate to reduce institutional funding costs and encourage orderly institutional buying; relax limits and clarify participant duties for stabilization-style repo operations and create a closed-loop special repo fund to underpin corporate buybacks; accelerate rollout of initial active ETFs and expand equity fund supply to guide public funds’ countercyclical positioning; and apply countercyclical optimization to margin-financing risk metrics to modestly release financing capacity and mobilize existing trading funds. Ren said the measures aim to repair near-term expectations while building longer-term institutional stability and thereby enhance market resilience to support orderly capital market functioning.