Gold prices eased as broad economic stimulus measures in China, the biggest bullion consumer, failed to invoke investor confidence and a U.S. dollar rally to two-month highs capped upside momentum.
The Gold-Dollar pair made a minor upwards correction in the last session, gaining 0.1%. The Stochastic-RSI is giving a positive signal.
Support: 2618.5 | Resistance: 2688.7
The S&P 500 and the Dow scored record closing highs on Friday, with the big boosts from financial stocks after banks reported strong quarterly results while the latest inflation data fueled expectations for a U.S. Federal Reserve rate cut in November.
Boeing will cut 17,000 jobs — 10% of its global workforce — delay first deliveries of its 777X jet by a year and record $5 billion in losses in the third quarter, as the U.S. planemaker continues to spiral during a month-long strike.
Oil prices settled lower on Friday but rose for the second straight week as investors weighed factors such as possible supply disruptions in the Middle East and Hurricane Milton’s impact on fuel demand in Florida. Brent crude oil futures settled down 0.45%.
The Oil-Dollar pair saw a minor dip of 0.1% in the last session. The Stochastic indicator is giving a positive signal.
Support: 72.672 | Resistance: 76.992
ARK Invest, the cryptocurrency-friendly asset manager founded by prominent Bitcoin bull Cathie Wood, has sold another large portion of its Robinhood holdings. According to a trade notification on Oct. 8, ARK offloaded 1.4 million Robinhood shares worth $36.4 million from its three funds.
European stocks settled higher, bouncing from losses in the previous session as investors focussed on upcoming interest rate cuts and a key U.S. inflation report later this week. The continent-wide STOXX 600 index was up 0.6%, with the automobiles and parts sector among top gainers with 1.1% jump
