Shanghai Gold Exchange gold T+D fell 1.06% at the start of the Oct. 20 evening session to 889.4 yuan/gram; Shanghai Gold Exchange silver T+D was unchanged at 13,827 yuan/kg.

New Zealand Q3 inflation may ease modestly but the pause is expected to be short-lived. NZD weakness and a spike in oil prices should re-accelerate inflation in Q4; economists now see Q4 CPI as high as 4.7% vs the RBNZ's prior 3.9% projection. Markets say this strengthens the case for further tightening and price a 25bp RBNZ hike at the Oct policy meeting to lift the official cash rate to 3%. BNZ Wellington head of research Stephen Topliss said: "When the world changes you must change with it. The world now is markedly different from what the RBNZ previously expected, so the central bank should adjust policy accordingly."

NVIDIA (NVDA.O) has reportedly won CPU chip orders from fast‑growing AI startup Modal, which had previously used only Intel and AMD chips; the move initially suggests NVIDIA is making inroads into a CPU market long dominated by those incumbents.