For gold, October was a tale of two halves. The metal initially soared, setting successive records on various risks and strong ETF buying, before cooling later in the month as geopolitical concerns eased and profit-taking emerged. Ultimately, both the LBMA Gold Price PM and SHAUPM finished the month positive (Chart 1), extending their stellar y-t-d gains to 44% and 42%, respectively. And gold bounced higher in the first half of November, supported by rising risks and improving gold ETF inflows. The LBMA Gold Price PM in USD and the SHAUPM in RMB rose by 1.5% and 3.3% respectively during the first two weeks of ... (full story)