
Spot gold rises to $4,191.95 per ounce (+0.47%) and December gold to $4,219.50 per ounce (+0.69%) on commodity markets this morning.
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Gold is traditionally seen as a safe haven asset and its price is influenced by factors such as inflation, interest rates and investment demand.
Price of gold rising this morning on the raw materials markets: the precious metal for immediate delivery (Spot Gold) changes hands at 4,191.9500 dollars an ounce with a growth of 0.47% while gold for delivery in December is traded at 4,219.50 dollars an ounce with an advance of 0.69%.

The global economy has held up despite a series of shocks, including war in the Middle East, but resilience is under strain and could be tested, according to the IMF's World Economic Outlook presented in Bangkok. For Italy, the IMF improves its growth forecasts for 2026 from 0.5% to 0.8% and for 2027 to 0.6%, with inflation expected at 3.3% in 2026 and 2.8% in 2027.

The International Monetary Fund has revised upwards its growth forecast for Italy in 2026 from 0.5% to 0.8% and for 2027 to 0.6%, according to the World Economic Outlook published in Bangkok. Italian inflation would be at 3.3% in 2026 and 2.8% in 2027, above the euro area average in 2026 but converging in 2027. Chief economist Silvana Tenreyro warns that global resilience is under strain due to dwindling energy supplies and geopolitical risks.

The International Monetary Fund expects global growth of 3.1% in 2026, a slight improvement from 3% in July, but warns that resistance is under pressure. Italy sees its estimates revised upwards to 0.8% for 2026 and 0.6% for 2027, remaining among the slowest European economies. The United States will grow at 2.3% both years, China will slow from 4.5% to 4%, while the eurozone will stand at 1.1% in 2026 and 1.2% in 2027. Eurozone inflation will rise to 3.1% in 2026 before falling to 2.8% in 2027.

The Tokyo stock market opens the week down 0.78% due to sales in semiconductor stocks on the Nasdaq and tension in the Middle East, which pushes the price of Brent crude above $105 a barrel. The yen remains stable against the dollar at 158.40 and strengthens against the euro at 176.80.

The MPS board of directors re-evaluated Intesa Sanpaolo's offer after the 25 cent adjustment subordinated to the rejection of Lovaglio's plan, confirming the project with BPM and Banca Generali and underlining the uncertainty on the completion of the ISP offer before the meeting of 29 October.

MPS says the premium offered by Intesa Sanpaolo for the acquisition remains lower than the average observed in comparable voluntary public offerings in the Italian banking sector, equal to around 30% compared to the price before the announcement. The Sienese bank underlines the uncertainty linked to the subordination of the offer to the rejection of its plan and invites shareholders to decide without complete information.