Metals and Chips

Show notes

Monday started calm for US and European equities, but precious metals continue to shine — swinging between speculative frenzy and solid fundamentals. Volatility is high, hinting at a possible pullback, yet US debt, a politically boxed-in Fed, and a weakening dollar keep the long-term outlook for gold and silver bullish.
Meanwhile, AI headlines flow in before earnings. One year after DeepSeek’s launch reignited fears of cheaper Chinese rivals, US tech leaders remain strong while China’s AI rally continues. Investors are getting more selective, though, watching overspending, leverage and circular AI financing.
Nvidia? Not even worried as it announces fresh investment in CoreWeave!

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Ipek Ozkardeskaya has begun her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked at HSBC Private Bank in Geneva in relation to high and ultra-high net worth clients. In 2012, she started as FX Strategist at Swissquote Bank. She worked as a Senior Market Analyst in London Capital Group in London and in Shanghai. She returned to Swissquote Bank as Senior Analyst in 2020, and launched her own website ipekScope.com in 2025.