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As of Tuesday's Asian session (November 10), gold prices (XAUUSD) pulled back slightly today after surging on Monday, falling about 0.56% intraday to trade near $4,120. Earlier, gold rose
Nvidia closed at $178.67 on November 9, down 4.27% with an intraday low of $170.24, while the Nasdaq rose 2.74% and the Philadelphia Semiconductor Index jumped 6.85%. Volume was roughly 2.5 times the prior session. The board opened an independent review after CEO Jensen Huang's public statement about his personal life. With Q3 earnings on November 17, the two levels that matter are $170.24 and $200."
China's October PPI rose 5.7% year on year, the fastest since June 2022, while CPI slowed to 0.7% and core CPI to 0.8%. Input prices rose faster than factory-gate prices, squeezing mid-stream margins by roughly five percentage points. The Hang Seng fell 0.13% on a day the S&P 500 rose 2.35%, the only major market to sit out the risk-on session.
US President Donald Trump said that further strikes on Iran wouldn’t be necessary, but the US remains “locked and loaded,” Bloomberg reported on Monday. Trump added that there is "positive momentum" towards an end to the Iran war.
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