BERLIN, GERMANY - SEPTEMBER 30: German Chancellor Friedrich Merz speaks at a gathering of the "Made for Germany" initiative at the Siemens Mosaik Hall on September 30, 2026 in Berlin, Germany. "Made for Germany" includes 147 companies that have pledged to invest EUR 800 billion into the German economy between 2025 and 2028. (Photo by Sean Gallup/Getty Images)

TOPSHOT - A picture shows 12,5kg gold bars at the Italpreziosi precious metals refinery in Arezzo, Italy, on September 29, 2026. Italpreziosi specializes in the refining and production of precious metals and investment-grade bullion. (Photo by Stefano RELLANDINI / AFP via Getty Images)

An employee monitors molten gold poured into molds to produce gold bars at the Italpreziosi precious metals refinery in Arezzo, Italy, on September 29, 2026. Italpreziosi specializes in the refining and production of precious metals and investment-grade bullion. (Photo by Stefano RELLANDINI / AFP via Getty Images)

An employee monitors molten gold poured into molds to produce gold bars at the Italpreziosi precious metals refinery in Arezzo, Italy, on September 29, 2026. Italpreziosi specializes in the refining and production of precious metals and investment-grade bullion. (Photo by Stefano RELLANDINI / AFP via Getty Images)

An employee monitors molten gold poured into molds to produce gold bars at the Italpreziosi precious metals refinery in Arezzo, Italy, on September 29, 2026. Italpreziosi specializes in the refining and production of precious metals and investment-grade bullion. (Photo by Stefano RELLANDINI / AFP via Getty Images)

An employee monitors molten gold poured into molds to produce gold bars at the Italpreziosi precious metals refinery in Arezzo, Italy, on September 29, 2026. Italpreziosi specializes in the refining and production of precious metals and investment-grade bullion. (Photo by Stefano RELLANDINI / AFP via Getty Images)

This picture shows molten gold poured into molds to produce gold bars at the Italpreziosi precious metals refinery in Arezzo, Italy, on September 29, 2026. Italpreziosi specializes in the refining and production of precious metals and investment-grade bullion. (Photo by Stefano RELLANDINI / AFP via Getty Images)

This picture shows molten gold poured into molds to produce gold bars at the Italpreziosi precious metals refinery in Arezzo, Italy, on September 29, 2026. Italpreziosi specializes in the refining and production of precious metals and investment-grade bullion. (Photo by Stefano RELLANDINI / AFP via Getty Images)