Gold Prices Surge to Record High; Bond Strategists Forecast U.S. Treasury Yield Above 4%
Key Takeaways
- Gold prices surged to a record high above $4,100 amid rate cut expectations.
- Bond strategists forecast 10-year U.S. Treasury yield above 4% despite Fed rate cuts.
- Paul Tudor Jones predicts equity rally, gold/silver outperformance, warns of inflation risks.
- ASML warns of significant drop in China demand for 2026 despite strong bookings.
- LSEG and Microsoft expand partnership for financial data access via Copilot Studio.
Top Stories
Gold prices surge to record high, potential pullback expected.
On October 14, 2025, gold prices surged to a record high above $4,100, driven by expectations of Fed rate cuts and safe-haven demand. Analysis suggests a potential short-term pullback, with a possible consolidation between $4,230 and $4,250.
Bond strategists forecast U.S. Treasury yield above 4%.
A Reuters poll of 75 bond strategists published on Oct 14, 2025 forecasts the 10‑year U.S. Treasury yield to stay above 4% in the next six months and 4.17% in a year. This is despite expectations of Federal Reserve rate cuts.
Paul Tudor Jones predicts equity rally, gold, silver outperformance.
On October 14, 2025, Paul Tudor Jones predicted a notable equity rally in the final two months of the year, citing tech earnings and a potential U.S.-China conflict resolution. He expects gold and silver to outperform crypto while warning of inflation risks.
ASML warns of significant drop in China demand for 2026.
On October 15, 2025, ASML warned of a significant drop in demand from China for 2026, despite reporting third-quarter bookings that exceeded market forecasts. CEO Christophe Fouquet indicated a substantial decline in China's customer demand and sales for the next year.
LSEG and Microsoft expand partnership for financial data access.
On October 13, 2025, LSEG and Microsoft updated their partnership, allowing Microsoft Copilot Studio agents to access LSEG financial data. This integration aims to enhance decision-making for financial services professionals.
Analyst's Take
Morgan Stanley downgrades Siemens stock.
On October 14, 2025, Siemens shares were expected to fall after Morgan Stanley downgraded the stock from "Overweight" to "Equal-weight". The downgrade was attributed to limited upside potential after a revaluation.
Central Banks
Federal Reserve nearing end of quantitative tightening.
On October 14, 2025, Federal Reserve Chair Jerome Powell indicated that the Fed is nearing the end of its quantitative tightening efforts, which began in 2022. The Fed's balance sheet has decreased from $9 trillion to $6.6 trillion since the start of QT.
Deals & Growth
Skycorp Solar to acquire 24% stake in Nanjing Cesun Power.
On October 14, 2025, Skycorp Solar Group Limited announced an agreement to acquire a 24.0% equity interest in Nanjing Cesun Power Co., Ltd. for approximately US$8.7 million. This strategic move aims to bolster Skycorp's investments in AI-driven energy technologies and green energy solutions.
Coinbase invests in CoinDCX to expand in India and Middle East.
On October 15, 2025, Coinbase announced an investment in CoinDCX to expand its presence in India and the Middle East. These regions collectively have over 100 million crypto owners.
Investment Radar
Marathon Digital reports record Q2 revenue, Bitcoin holdings up 170%.
In Q2 2025, Marathon Digital reported record revenue of $238 million, a 64% increase year-over-year, and a net income of $808 million. The company's Bitcoin holdings increased by 170% to 49,951 BTC, reflecting its investment in the cryptocurrency market.
MacKenzie Scott reduces Amazon stake by 42%.
As of September 30, 2025, MacKenzie Scott holds 81.1 million shares of Amazon, a 42% decrease from the previous year. The shares are worth $12.55 billion, reflecting changes in her investment portfolio.
The Bancorp Inc. (TBBK) stock hits record high.
On October 14, 2025, The Bancorp Inc. (TBBK) shares reached a record high of $80.9, with a market capitalization of $3.72 billion. The stock's performance was driven by a 68.79% increase in the last six months and a 45.09% increase since the beginning of the year.
Guardian Pharmacy files prospectus for share sale.
On October 14, 2025, Guardian Pharmacy filed a prospectus to sell 1.02M shares of Class A common stock. The company also filed to sell 4.98M shares of Class A common stock by selling stockholders.
VSE Corporation reports strong Q2 2025 results.
On October 14, 2025, VSE Corporation reported robust Q2 2025 financial results, with revenue up 41% to $272 million and adjusted EBITDA up 52% to $43 million. The company raised its full-year guidance.
ScienceCo reports Q2 results, focuses on EV and semiconductor growth.
In Q2 2025, ScienceCo reported net sales of €1,600 million with improved margins, despite a 3% volume decline. The company anticipates approximately €1,300 million underlying EBITDA for the full year.
JPMorgan Chase Q3 earnings expectations.
JPMorgan Chase is set to report its third-quarter earnings on October 14, 2025, with analysts expecting $4.84 per share on $45.4 billion in revenue. The report will offer insights into U.S. consumer and corporate financial health.
Belden Inc. reports strong Q2 2025 results.
On October 15, 2025, Belden Inc. reported strong financial results for the second quarter of 2025, with revenue up 11% to $672 million and earnings per share up 25% to $1.89. The company projects revenue between $670 and $685 million for Q3.
D&M Company's Q1 2026 consolidated results.
On October 14, 2025, D&M Company announced its consolidated financial results for the first quarter of fiscal year 2026, with revenue down 1.3% to 435 million yen. However, F&I services increased by 1.7%, and HR&OS services increased by 64.3%.
Market Snapshot
Canada's main stock index increases.
On October 14, 2025, Canada's main stock index increased by over 400 points in late-morning trading. This was boosted by strong gains in the base metal sector, while U.S. stock markets moved lower.
Nikkei average up 615.99 yen in Tokyo.
On October 15, 2025, the Nikkei average in the Tokyo Stock Exchange closed the morning session at 47,463.31 yen, up 615.99 yen from the previous day's close.
FTSE 100 reverses losses, closes up 0.1%.
On Tuesday, October 14, 2025, London's FTSE 100 index closed up 0.1% at 9,452.77, driven by gains from easyJet and housebuilders. This occurred despite mixed UK economic data, including a rise in unemployment to 4.8%.
Tech Trends
Asian chipmakers' stocks rise amid AI demand.
On October 15, 2025, Asian chipmakers' stocks rose due to optimism for upcoming Q3 earnings from ASML and TSMC. Companies like Samsung Electronics and SK Hynix saw gains, driven by AI demand.