[Spot Gold Hits Record High of $4,250/oz] On the evening of October 16, spot gold prices surged to a record high of $4,250/oz, with an intraday increase of over 1%, before slightly retreating to $4,231/oz. Meanwhile, New York silver futures prices reached $53/oz, marking an intraday gain of 3.16%. The strong performance of the gold and silver markets reflects investors' continued demand for safe-haven assets.

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The bank initiated coverage of the stock with a market outperform rating and a $50 price target.

[Federal Reserve Governor Milan: Asset bubbles not a focus during rate cuts] Federal Reserve Governor Milan stated that asset price bubbles will not be a focus when pushing for rate cuts, emphasizing that the key financial conditions of the economy are unrelated to the market.

Regulation and new players are driving stablecoin momentum and paving the way for a new internet “money layer,” the broker said