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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/USD1.11393-0.00787-0.70%USD/JPY158.447+0.795+0.50%GBP/USD1.33434-0.01029-0.77%USD/TRY49.91697-0.000030.00%USD/CHF0.81946+0.00346+0.42%AUD/CAD0.96882-0.00241-0.25%AUD/CHF0.56299-0.00255-0.45%AUD/JPY108.773-0.494-0.45%AUD/NZD1.23632-0.00204-0.16%AUD/SGD0.87912-0.00545-0.62%AUD/USD0.68635-0.00653-0.94%CAD/CHF0.58051-0.00164-0.28%CAD/JPY112.124-0.337-0.30%CHF/JPY193.151+0.086+0.04%EUR/AUD1.62235+0.00389+0.24%EUR/CAD1.57369+0.00151+0.10%EUR/CHF0.91365-0.00207-0.23%EUR/CZK24.320+0.008+0.03%
Data Source: Trading Central*
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OFFICIAL TRUMP1.12
-0.01 ( -0.88% )
1.12
Gold4071.25
-17.00 ( -0.42% )
4071.25
EUR/USD1.11393
-0.00787 ( -0.70% )
1.11393
WTI89.667
-0.868 ( -0.96% )
89.667
USD/JPY158.447
+0.795 ( +0.50% )
158.447
NAS10027002.3
+510.8 ( +1.93% )
27002.3
AUD/USD0.68635
-0.00653 ( -0.94% )
0.68635
Brent96.65
-1.53 ( -1.56% )
96.65
Bitcoin75887.22
+214.99 ( +0.28% )
75887.22
Silver51.912
+0.150 ( +0.29% )
51.912
GBP/USD1.33434
-0.01029 ( -0.77% )
1.33434
USD/CAD1.41195
+0.01026 ( +0.73% )
1.41195
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