rosy739-stg
@7393com
A short-term rebound in gold has emerged, but its staying power remains to be tested; a rebound trade can be explored, but it is too soon to buy on the assumption of a trend reversal. I’m not saying gold is certain to fall in the short term; I’m simply unwilling to chase the rebound.
Brent Donnelly
President of Spectra Markets
[gold's $3,900 support] And then we kind of had a very impulsive move back above it. ... So you have lower Bitcoin, lower stocks, and a stronger dollar, and gold is actually trading pretty well. podcasts.apple.com
AlvaSupportsGold has reclaimed $3,900 and remained resilient even as stocks and Bitcoin fell and the dollar strengthened, adding support for studying a short-term rebound trade.
Walter Bloomberg
Financial news account covering global markets, economic data and geopolitics
Goldman Sachs cuts its gold targets following the Fed's hawkish shift: ... End-2026: $4,150, down from $4,650 ... End-2027: $4,800, down from $5,400 ... Despite near-term pressure, the bank forecasts 60 tonnes of monthly central bank purchases, supporting approximately 15% upside by end-2027. x.com
AlvaMixedThe year-end target has been cut from $4,650 to $4,150, supporting a cautious view of the scale of the rebound; the expectation remains that central banks will buy 60 tonnes of gold per month, supporting approximately 15% upside through the end of 2027.Walter Bloomberg
Financial news account covering global markets, economic data and geopolitics
Markets price nearly 80% probability of a 25bp Fed hike in December. ... Strong jobs + firm wages → USD/yields potentially higher. ... Weak jobs + softer wages → Dovish repricing, potentially supportive for gold. x.com
AlvaMixedMarkets are pricing in nearly an 80% probability of a 25-basis-point rate hike in December; the article expects strong employment and wages to potentially push the dollar and yields higher, while weak employment and wages could support a rebound in gold.Walter Bloomberg
Financial news account covering global markets, economic data and geopolitics
Federal Reserve official Beth Hammack says US monetary policy needs to become more restrictive, warning that inflation remains too high and is moving in the wrong direction. x.com
AlvaSupportsCalls for further monetary policy tightening increase the risk of rising interest rates, supporting caution about the sustainability of the gold rebound.
Mohamed A. El-Erian
Chief Economic Advisor at Allianz, Rene M. Kern Practice Professor at Wharton
While gold and Bitcoin fell, government bonds rallied strongly as US 10-year yields declined by 36 bps, the largest monthly drop since 2023. x.com
AlvaSupportsThe US 10-year Treasury yield fell 36 basis points in October, yet gold still declined. This divergence reinforces a cautious view of the sustainability of gold’s rebound.Walter Bloomberg
Financial news account covering global markets, economic data and geopolitics
JPMorgan warns that renewed US-Iran conflict after the midterm elections could trigger an equity selloff and another oil price spike. ... The bank remains bullish on banks, industrials, commodities and semiconductors, while viewing gold's recent pullback as an opportunity to add exposure. x.com
AlvaChallengesViewing gold’s recent pullback as an opportunity to add to holdings provides a bullish institutional counterpoint to the current cautious entry stance.Walter Bloomberg
Financial news account covering global markets, economic data and geopolitics
Spot gold extends gains, up nearly 2% to $3,950.37/oz x.com
AlvaSupportsGold’s gains widened to nearly 2%, supporting the view that a short-term rebound has emerged and rebound trades can be considered.Walter Bloomberg
Financial news account covering global markets, economic data and geopolitics
Fed official Alberto Musalem says the Federal Reserve will need to raise interest rates again "soon" to restore price stability. x.com
AlvaSupportsThe policy argument for raising rates as soon as possible increases the risk of higher interest rates, supporting caution about the durability of the gold rally; this argument reflects an official’s view.Walter Bloomberg
Financial news account covering global markets, economic data and geopolitics
Spot gold extends losses, down 3% to $3,908.13/oz x.com
AlvaSupportsSpot gold’s decline widened to 3%, reinforcing caution about the rebound’s staying power and supporting a decision not to chase it as a trend reversal for now.