[Analyst: Gold Trends Influenced by Rate Cut Expectations and Trade Situation] On October 16, international spot gold prices hit a record high for the fourth consecutive day, reaching $4,256.21 during intraday trading, driven by escalating trade tensions and the U.S. government shutdown fueling safe-haven demand. OANDA analyst Zain Vawda stated that gold's future trend will be influenced by the 2026 rate cut expectations and trade developments, the latter of which could help gold prices surpass $5,000 per ounce. He believes that short-term pullbacks may be temporary, with bullish investors likely to use the pullbacks as an opportunity to re-enter the market.

[Polymarket Predicts Fed May Cut Rates by 25 Basis Points This Month] Polymarket users predict that the probability of the Federal Reserve cutting rates by 25 basis points on the 29th of this month has risen to 95%. (Source)

At the opening of the US stock market, the Dow Jones Industrial Average rose 119 points, the Nasdaq rose 93 points, and the S&P 500 index rose 0.33%.

[International Business Settlement Plans to Purchase HK$200 Million Worth of Bitcoin Within Two Months] Hong Kong-listed company International Business Settlement (00147.HK) announced plans to purchase Bitcoin within the next two months, with a total amount not exceeding HK$200 million. This move is part of the group's cryptocurrency and related business development plan, with the specific purchase timing and price to be determined by the board of directors.

[DeFi Development (DFDV) Increases SOL Holdings to Approximately 1.18 Million Tokens, Total Value Reaches $218 Million] Nasdaq-listed company DeFi Development (DFDV) announced that it has increased its SOL holdings to approximately 1.18 million tokens, with a total value of about $218 million. According to CoinDesk, the company purchased 181,303 SOL tokens between July 21 and July 28, at an average purchase price of $155.33 per token. The funds for this purchase primarily came from its $5 billion equity credit line.