{"id":54485,"date":"2025-10-13T17:08:41","date_gmt":"2025-10-13T21:08:41","guid":{"rendered":"https:\/\/stockmarketwatch.com\/stock-market-news\/market-volatility-gold-hits-record-highs-michelin-cuts-outlook-spotify-unveils-lossless-audio\/54485\/"},"modified":"2025-10-13T17:08:41","modified_gmt":"2025-10-13T21:08:41","slug":"market-volatility-gold-hits-record-highs-michelin-cuts-outlook-spotify-unveils-lossless-audio","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/market-volatility-gold-hits-record-highs-michelin-cuts-outlook-spotify-unveils-lossless-audio\/54485\/","title":{"rendered":"Market Volatility: Gold Hits Record Highs, Michelin Cuts Outlook, Spotify Unveils Lossless Audio"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/metal\/gold\" data-internallinksmanager029f6b8e52c=\"4\" title=\"gold price today\">Gold<\/a><\/strong> surged past <strong>$4,100 per ounce<\/strong> to a new record high, driven by <em>US-China trade jitters<\/em> and <em>expectations of Federal Reserve rate cuts<\/em>, with <strong>Bank of America (<a href=\"\/stock\/BAC\">BAC<\/a>)<\/strong> hiking its 2026 forecast to <strong>$5,000\/oz<\/strong>.<\/li>\n<li><strong><a href=\"https:\/\/stockmarketwatch.com\/metal\/silver\" data-internallinksmanager029f6b8e52c=\"5\" title=\"silver price today\">Silver<\/a><\/strong> also reached an <em>all-time high<\/em>, crossing the <strong>$50 mark<\/strong> and projected by <strong>BofA<\/strong> to test <strong>$65 per ounce<\/strong>.<\/li>\n<li><strong>Michelin (<a href=\"\/stock\/ML\">ML<\/a>)<\/strong> significantly cut its 2025 annual outlook, revising segment operating income guidance to between <strong>2.6 billion and 3.0 billion euros<\/strong> from over <strong>3.4 billion euros<\/strong>, citing <em>worse-than-expected tire demand in North America<\/em> and <em>tariff impacts<\/em>.<\/li>\n<li><strong>Spotify (<a href=\"\/stock\/SPOT\">SPOT<\/a>)<\/strong> began rolling out <em>lossless audio streaming<\/em> at <strong>24-bit\/44.1 kHz FLAC quality<\/strong> to <strong>Premium subscribers<\/strong> in over <strong>50 countries<\/strong> at no additional cost, enhancing its competitive offering.<\/li>\n<\/ul>\n<h2>Precious Metals Soar Amid Trade Tensions and Bullish Forecasts<\/h2>\n<p>Gold prices achieved a new record high on Monday, breaking through <strong>$4,100 per ounce<\/strong> for the first time. This surge is attributed to <em>renewed US-China trade tensions<\/em> and <em>growing expectations of US interest rate cuts<\/em>, which have bolstered demand for safe-haven assets. The rally intensified following President Donald Trump&#39;s rhetoric on trade frictions with Beijing, prompting investors to seek safety.<\/p>\n<p>Concurrently, silver also reached an <em>all-time high<\/em>, crossing the <strong>$50 mark<\/strong> and trading around <strong>$50.375<\/strong> on the COMEX. Bank of America (<a href=\"\/stock\/BAC\">BAC<\/a>) has significantly raised its price forecasts for both precious metals, projecting gold to reach <strong>$5,000 per ounce by 2026<\/strong> with an average of <strong>$4,400<\/strong>. The institution also set a target for silver at <strong>$65 per ounce<\/strong>, averaging <strong>$56.25<\/strong>, supported by <em>fiscal deficits<\/em> and a <em>push for lower interest rates<\/em>. Gold has already seen gains of over <strong>55%<\/strong> year-to-date in 2025.<\/p>\n<h2>Michelin Downgrades Annual Outlook on Weak North American Tire Demand<\/h2>\n<p>French tire manufacturer Michelin (<a href=\"\/stock\/ML\">ML<\/a>) announced a cut to its 2025 full-year outlook, citing <em>worse-than-expected business conditions<\/em> and <em>deteriorating tire demand in the North American market<\/em>. The company now anticipates 2025 segment operating income at constant exchange rates to be between <strong>2.6 billion and 3.0 billion euros<\/strong> (<strong>$3.0 billion-$3.5 billion<\/strong>), a reduction from its earlier forecast of above <strong>3.4 billion euros<\/strong>.<\/p>\n<p>Michelin reported that third-quarter sales volumes in North America fell almost <strong>10%<\/strong>, with <em>plummeting demand<\/em> from the truck and agriculture segments, and a <em>weak sell-out market<\/em> for truck replacement tires reflecting a soft economy. The company also noted that its <em>group competitiveness<\/em> has been impacted by <em>tariffs<\/em> on the margin front. Furthermore, Michelin lowered its expected free cash flow before M&amp;A to between <strong>1.5 billion and 1.8 billion euros<\/strong>, down from more than <strong>1.7 billion euros<\/strong>, partly due to a <em>weaker dollar<\/em>.<\/p>\n<h2>Spotify Rolls Out Lossless Audio to Premium Subscribers<\/h2>\n<p><strong>Spotify (<a href=\"\/stock\/SPOT\">SPOT<\/a>)<\/strong> has finally introduced <em>lossless audio streaming<\/em> for its <strong>Premium subscribers<\/strong>, a highly anticipated feature that has been rolling out since early September 2025. This upgrade offers audio quality of up to <strong>24-bit\/44.1 kHz FLAC<\/strong>, providing a richer and more detailed listening experience comparable to CD quality.<\/p>\n<p>The lossless audio feature is included at <strong>no extra cost<\/strong> for Premium users, a move that positions Spotify more competitively against rivals like Apple Music and Tidal, which have offered similar high-fidelity options for years. The rollout began in select markets, including the US, UK, Australia, Japan, and Sweden, and is set to expand to over <strong>50 countries by October 2025<\/strong>. Premium subscribers will receive a notification in the Spotify app once the feature becomes available to them. While most music content is compatible, podcasts, audiobooks, and some songs will remain in lower quality.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways Gold surged past $4,100 per ounce to a new record high, driven by US-China trade jitters and expectations [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":50383,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center 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