Gold Beats Demand Record, Shutdown USA Squeezes, Rare Lands Risk in Global Agora; JPMorgan Embrace Tokenization

[Igor Pereira]

Good afternoon, traders and members.

October 30, 2025 dawns with a flood of news that confirms the complexity and volatility of our global macroeconomic scenario. From records of demand for gold to tensions in rare earth supply chains, to political dysfunction in the USA and the financial revolution of JPMorgan, the stage is set for a day of great movements and reassessments.

We will unfold the main points that deserve our attention.

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1. Gold: Global Demand on Record Levels and the Russian Example

• Global Demand (WGC): The World Gold Council (WGC) reports that global demand for gold in the third quarter of 2025 reached a new record.

• Accumulation of Physical Persons in Russia: Between 2022 and the end of 2025, individuals in Russia bought impressive 282 tonnes of gold, a volume comparable to the total gold reserves of Spain and Australia (Source: Al Banyan Tree Research).

My Analysis (Igor Pereira): These data confirm what we have argued: the gold rush is not just a central bank strategy; it is a global movement of individuals seeking refuge from fiduciary devaluation and geopolitical uncertainty. The Russian example is a microcosm of what is happening on a global scale – the search for real and sovereign assets.

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2. USA: Shutdown Squeezes and Search for New Fed Chief

• Impact of Shutdown (Bescent): Analyst Bescent claims the US government's shutdown is already starting to negatively affect the economy of the country.

• Fed leadership: Bescent expects the candidate for new head of the Federal Reserve to be known until Christmas (end of December).

My Analysis (Igor Pereira): The impact of the shutdown was predictable and adds to the general economic weakness. Undefinition in the leadership of the Fed at such a critical time increases uncertainty and underlines the political dysfunction that corrupts confidence in the dollar.

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3. The Rare Land Game: US-China-Europe Voltage and Contradiction

Tensions around rare earths reach a new level of contradiction:

• Chinese restrictions: BofA (Bank of America) data shows that the China significantly reduced its rare earth exports to the US this year. Europe also calls for restrictions from China.

• Trump and the Solution: However, Trump stated today that "resolved everything" and that China will increase the export of rare earth as part of a trade agreement.

• EU meeting: A Chinese delegation will meet EU representatives for rare earth negotiations on Friday.

My Analysis (Igor Pereira): This is the proof of the farce I anticipated. China Indeed. He's tightening the siege on rare earth, using his power to force concessions. Trump's statement of "everything settled" seems to be a political maneuver to calm the markets, but directly contradicts Europe's data and complaints. China uses rare earths as a critical strategic lever in their negotiations, and will not release them without significant concessions. The commercial war, especially in the dimension of critical resources, is far from over.

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4. JPMorgan and the Blockchain Revolution: Tokenization of Funds

• JPMorgan Tokenization: JPMorgan started to Tokenize your funds on your own blockchain.

• Complete platform in 2026: The institution will present its full tokenization platform in 2026.

My Analysis (Igor Pereira): This is huge! The JPMorgan, one of the largest banks in the world, embracing tokenization in its own blockchain is a clear sign that the Revolution of the Real World Assets (RWAs) and digital finance is becoming mainstream. While the trust system balances and physical gold shines, the traditional financial sector is rapidly adapting to new technologies to create efficiencies and eventually new forms of money and value. This brings us to our thesis of gold tokenization and other real assets.

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Conclusion of Igor Pereira: An Accelerated Transformation Scenario

The global scenario is boiling. Gold validates its resilience and demand for real assets. The US faces internal dysfunctions and the rare earth power game continues. Meanwhile, the financial infrastructure of the future is being built.

For ExpertFX Club members, the message is clear: adapt, secure and position. Volatility will be the norm, but the great trends – dedollarization, appreciation of real assets and the digital revolution – remain firm.

Stay informed. Stay strategic.

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