Front month on gold switched from December to February - traders need to roll over contracts

Long seasonal trade starting in copper market

US clearing data backlog with September retail sales and durable goods, Fed Beige Book providing economic insights before blackout period

Precious metals in consolidation phase after October record highs in gold and silver

Equities starting Thanksgiving week positive on AI news from Asia and revived hopes of December rate cut

Been pushing declining yield narrative for 2-3 weeks with 10-year yield backing off from 4.14% to 4.05%

Hedge funds bought US equities for third straight week with long buys outpacing short sales 1.5 to 1

82% of S&P 500 companies beat earnings estimates with 15% missing

CME Fed Watch shows 75.3% likelihood of 25 basis point cut in December, up from 42.4% one week ago

During economic regime shifts, long dollar, long bonds, long gold with S&P 500 puts works to dampen volatility

European stocks gained, Asian equities opened week higher on Fed cut optimism and AI-linked Chinese tech rebound

Gold ETFs up 17% year-to-date, silver ETFs up 14% despite recent outflows