Spot gold falls about $15 in the short term, touching a low of $4122 per ounce.

A spokesperson for the European Commission stated that the EU Energy Special Task Force will hold a teleconference at 16:00 Central European Time to discuss the release of crude oil and diesel reserves.

Spot gold has just surpassed the 4,070.00 USD/ounce mark, now quoted at 4,069.99 USD/ounce, down 2.25% on the day; the main COMEX gold futures contract is now at 4,095.20 USD/ounce, down 2.19% on the day.

(1) Commodity trading firm Trafigura Group has acquired seven oil tankers from the New York-listed SFL Corporation, marking the latest example of traders and state-owned energy enterprises accelerating their purchase of oil tankers and enhancing their crude and refined oil transportation capabilities. (2) On Wednesday, SFL announced that Trafigura purchased four LR2 product tankers built between 2014 and 2015, in addition to three Suezmax tankers built in 2019. (3) These vessels will be delivered successively over the next six months.

(1) According to a report from the World Gold Council, global gold ETFs attracted $10 billion in inflows in September, pushing third-quarter inflows to a record $31 billion, mainly led by funds listed in Europe and North America. (2) Despite a decline in gold prices, global gold holdings increased by 67 tons to a record 4,256 tons. (3) The total asset management scale decreased by 7% month-on-month to $574 billion.