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1. Goldman stays bullish on gold.

Goldman Sachs has reiterated its bullish gold forecast mainly on strong central bank buying, maintaining its projection for prices to reach $3,700 an ounce by the end of this year and $4,000 by mid-2026.

2. Social commerce is rising as a share of overall eCommerce.

3. The disruptive force of TikTok Shop’s rapid expansion across Europe.

TikTok revenues are up +180% YoY.

Tiktok Shop was the fastest growing online retailer in the UK in 2024, with GMV exceeding €4.5B it is now the 4th largest online apparel/footwear retailer.

It has also launched in Germany, France, Italy, Ireland, Spain over the past 6 months - this is a potential inflection point for social commerce in Europe. TikTok has a 3.2% share of the overall UK eCommerce market.

4. Meta invests €3 billion in AI glasses.

Zuckerberg paid €3 billion for a 3% stake in EssilorLuxottica—parent company of Ray-Ban and Oakley—doubling down on AI-powered smartglasses.

Ray-Ban Meta glasses have sold over 2 million units, and Meta aims for 10 million per year by 2027.

EssilorLuxottica is no ordinary eyewear company. It commands nearly 40% global market share in lenses and frames, with FY24 results showing €26.5 billion in revenue and €3.3 billion in net profit.

5. The quantum computing supply chain.

Microsoft 'Majorana 1' or Google 'Willow' quantum chips were launched earlier this year, representing a paradigm shift in the ability to harness the laws of quantum mechanics to perform calculations orders of magnitude faster than today’s supercomputers.

This could lead to faster breakthroughs in AI that are currently beyond the reach of classical computing, transforming how we approach complex problems, develop intelligent systems, and make predictions with a level of accuracy and speed that was previously impossible.

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