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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/USD1.11384-0.00796-0.71%USD/JPY158.522+0.870+0.55%GBP/USD1.33477-0.00986-0.73%USD/TRY50.02517+0.10817+0.22%USD/CHF0.82064+0.00464+0.57%AUD/CAD0.96965-0.00158-0.16%AUD/CHF0.56311-0.00243-0.43%AUD/JPY108.796-0.471-0.43%AUD/NZD1.23849+0.00013+0.01%AUD/SGD0.87984-0.00473-0.53%AUD/USD0.68629-0.00659-0.95%CAD/CHF0.58068-0.00147-0.25%CAD/JPY112.179-0.282-0.25%CHF/JPY193.150+0.085+0.04%EUR/AUD1.62267+0.00421+0.26%EUR/CAD1.57365+0.00147+0.09%EUR/CHF0.91398-0.00174-0.19%EUR/CZK24.323+0.011+0.05%
Data Source: Trading Central*
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OFFICIAL TRUMP1.18
+0.04 ( +3.51% )
1.18
Gold4067.85
-20.40 ( -0.50% )
4067.85
EUR/USD1.11384
-0.00796 ( -0.71% )
1.11384
WTI89.677
-0.858 ( -0.95% )
89.677
USD/JPY158.522
+0.870 ( +0.55% )
158.522
NAS10026958.3
+466.8 ( +1.76% )
26958.3
AUD/USD0.68629
-0.00659 ( -0.95% )
0.68629
Brent96.65
-1.53 ( -1.56% )
96.65
Bitcoin75764.09
-15.61 ( -0.02% )
75764.09
Silver51.917
+0.155 ( +0.30% )
51.917
GBP/USD1.33477
-0.00986 ( -0.73% )
1.33477
USD/CAD1.41296
+0.01127 ( +0.80% )
1.41296
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