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As of the Asian session on Friday (November 6), gold prices (XAUUSD) pulled back following consecutive rebounds, dropping about 0.85% intraday to trade near $4,050. Earlier, gold climbed
Micron's $4.5 billion Taiwan fab won't make a chip until 2028 — the market sold it as a 2026 problemMicron fell 17.46% to $656.39 after Bloomberg reported construction at its $4.5 billion Taoyuan Fab 11E had all but halted over a labor dispute. The plant was not due online until 2028, so no 2026 output is lost. With FY27 EPS consensus near $160 and 2027 HBM sold out, the selloff is a peak-cycle multiple reset, not a demand collapse — and $650 is the line that separates the two.
Micron fell 17.46% to $656.39 after Bloomberg reported construction at its $4.5 billion Taoyuan Fab 11E had all but halted over a labor dispute. The plant was not due online until 2028, so no 2026 output is lost. With FY27 EPS consensus near $160 and 2027 HBM sold out, the selloff is a peak-cycle multiple reset, not a demand collapse — and $650 is the line that separates the two.
Gold's $250 week runs into the last payrolls before DecemberSpot gold traded at $4,080.79 after a roughly 6% weekly rally from the Oct 30 low of $3,869.85, touching $4,146.63 on Nov 5. Three bids are stacked into the move: real-rate relief, record official-sector buying, and a geopolitical premium. Tonight's October payrolls (+65K consensus, 4.2% unemployment) decide which bid survives, with $4,000 and $4,200 as the two lines.
Spot gold traded at $4,080.79 after a roughly 6% weekly rally from the Oct 30 low of $3,869.85, touching $4,146.63 on Nov 5. Three bids are stacked into the move: real-rate relief, record official-sector buying, and a geopolitical premium. Tonight's October payrolls (+65K consensus, 4.2% unemployment) decide which bid survives, with $4,000 and $4,200 as the two lines.
TradingKey Daily Market Brief: Nasdaq Falls Over 5%, AI Stocks Plunge as Nvidia Drops Over 9%, Micron Falls Over 17%, SanDisk Drops Over 22% During the Asian trading session on November 6, the three major U.S. stock indices tumbled across the board overnight as the sell-off across the AI data center suppl
During the Asian trading session on November 6, the three major U.S. stock indices tumbled across the board overnight as the sell-off across the AI data center suppl
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NameLatest PriceChangeChange%
EUR/USD1.11738-0.00442-0.39%USD/JPY158.262+0.610+0.39%GBP/USD1.33882-0.00581-0.43%USD/TRY50.08600+0.16900+0.34%USD/CHF0.81823+0.00223+0.27%AUD/CAD0.96621-0.00502-0.52%AUD/CHF0.56186-0.00368-0.65%AUD/JPY108.686-0.581-0.53%AUD/NZD1.23939+0.00103+0.08%AUD/SGD0.87987-0.00470-0.53%AUD/USD0.68672-0.00616-0.89%CAD/CHF0.58145-0.00070-0.12%CAD/JPY112.467+0.006+0.01%CHF/JPY193.397+0.332+0.17%EUR/AUD1.62689+0.00843+0.52%EUR/CAD1.57207-0.00011-0.01%EUR/CHF0.91423-0.00149-0.16%EUR/CZK24.332+0.020+0.08%
Data Source: Trading Central*
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OFFICIAL TRUMP1.17
+0.03 ( +2.63% )
1.17
Gold4068.92
-19.33 ( -0.47% )
4068.92
EUR/USD1.11738
-0.00442 ( -0.39% )
1.11738
WTI89.747
-0.788 ( -0.87% )
89.747
USD/JPY158.262
+0.610 ( +0.39% )
158.262
NAS10027003.7
+512.2 ( +1.93% )
27003.7
AUD/USD0.68672
-0.00616 ( -0.89% )
0.68672
Brent96.87
-1.31 ( -1.33% )
96.87
Bitcoin76181.13
+401.43 ( +0.53% )
76181.13
Silver51.991
+0.229 ( +0.44% )
51.991
GBP/USD1.33882
-0.00581 ( -0.43% )
1.33882
USD/CAD1.40708
+0.00539 ( +0.38% )
1.40708
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