SNB’s Gold Hoard Is Boon for Earnings Dented by Dollar Slump

On November 13, 2025, the Bank of Japan announced its goal to achieve wage-driven inflation, signaling a strategic alignment with the government's economic perspective. This approach aims to stimulate the economy by increasing wages, which could lead to higher consumer spending and ultimately drive inflation. The move is significant as it reflects a coordinated effort between the central bank and the government to address economic challenges and foster sustainable growth in Japan.

Food stamp benefits, which were suspended at the beginning of November, will be reinstated and paid out within 24 hours of the government reopening. This quick resumption is significant as it provides timely support to individuals and families relying on the Supplemental Nutrition Assistance Program during a period of uncertainty. The announcement aims to reassure beneficiaries that assistance will be available shortly after the government resumes operations.

Dua Lipa, along with other prominent musicians like Coldplay and Radiohead, has publicly supported a government initiative to cap ticket resale prices. This move aims to combat ticket touting, ensuring that fans can access tickets at fair prices. The artists are urging the government to fulfill its pledge on this issue, highlighting the importance of protecting fans from inflated resale costs.

Gold prices remained stable after a nearly 2% increase on October 25, 2023, as traders navigated an uncertain outlook for the US economy. This uncertainty is exacerbated by a six-week data void, leaving investors without reliable economic indicators to guide their decisions. The situation highlights the challenges faced by traders in making informed choices amidst a lack of data, which is crucial for assessing market conditions and economic health.

Japan's currency, the yen, is experiencing a significant slump, raising concerns about the effectiveness of the new government's ability to intervene directly in the market. Traders are increasingly skeptical about the government's capacity to stabilize the yen, which is approaching levels that have historically prompted intervention. This situation is critical as it could impact Japan's economy and its position in global markets, highlighting the challenges faced by the new administration in managing economic stability.

Gold prices surged 2.4% to settle at $4204.40, marking the third-highest close in history, while silver rose 5.4% to a new record high. This increase is attributed to expectations of further interest-rate cuts and the nearing end of the U.S. government shutdown, which has positively influenced base metal prices.

CoreWeave, a key partner of Nvidia, experienced a significant 17% drop in its stock value amid ongoing selloffs of Nvidia shares and a protracted government shutdown. This decline highlights investor concerns regarding the stability of tech stocks and the broader economic implications of the government impasse.

Gold prices have stabilized following a two-day rebound, coinciding with the reopening of the U.S. government and increased focus on the Federal Reserve's policies. This stabilization is significant as it reflects market reactions to governmental actions and monetary policy, which can influence economic conditions and investor confidence.