23rd October 2025 – Precious metals dumped on US/China Optimism and profit taking

In this morning's edition of the MPC Markets Morning Call, Mark Gardner discusses the current market landscape, focusing on US-China tensions, recent earnings reports, and the performance of major companies like Tesla and Apple. He highlights the impact of geopolitical events on market sentiment and provides insights into credit spreads andeconomic concerns. Additionally, he reviews the state of commodities and precious metals, offering predictions for the upcoming trading day. takeawaysUS-China tensions are escalating with potential export bans.Earnings reports from Netflix and Tesla show mixed results.Apple's product strategy raises concerns about its future relevance.Tesla's free cash flow significantly exceeded expectations.Credit spreads are a concern, echoing warnings from 2008.Gold and silver are experiencing pullbacks, but healthy for the market.Managing risk is crucial in volatile market conditions.The market is anticipating earnings from major companies next week.Diplomatic relations with Russia are currently stalled.AI and robotics sectors are expected to grow significantly.