Morning Bid: Gold recoils and Netflix disappoints

Market Overview - Gold prices experienced a significant decline, dropping 5% in one day, marking the largest drop in five years, as speculative fervor and a stronger dollar contributed to the downturn [2] - Netflix's stock fell nearly 6% in after-hours trading following a disappointing third-quarter earnings report, which was impacted by a Brazilian tax dispute, despite the stock having risen 39% earlier in the year [3] - The overall U.S. earnings season is slightly ahead of expectations, tracking a 9% annual profit growth [3] Economic Indicators - The U.S. long-bond yield reached a six-month low ahead of the upcoming inflation report and a 20-year Treasury bond auction [4] - UK September inflation unexpectedly held steady at 3.8%, leading to a decrease in 10-year gilt yields and increasing speculation about a potential rate cut by the Bank of England [4] Corporate Actions - Barclays' stock rose 5% after announcing a surprise share buyback and upgrading its profitability target for the year [5]