Gold extends Tuesday's tumble; stocks mostly lower as Netflix falls

Core Insights - Gold prices have declined following a significant drop the previous day, with spot gold down 1.73% at $4,052.69 per ounce, despite being up over 50% year-to-date, marking its strongest performance since the 1979 oil crisis [2][3] - Netflix shares fell more than 9% after disappointing outlook results, contributing to a decline in major stock indexes, including the Dow Jones, S&P 500, and Nasdaq Composite [3][5] - The market is experiencing volatility due to uncertainties related to earnings season, tariff issues, and geopolitical tensions, particularly in the Middle East [4] Gold Market - Gold has been one of the best-performing assets this year, with a year-to-date increase of over 50%, but recent profit-taking has led to a decline [2] - The sharp drop in gold prices is notable as it follows the largest single-day decrease in over five years [1][2] Stock Market Performance - Major U.S. stock indexes experienced declines, with the Dow Jones down 0.25%, S&P 500 down 0.33%, and Nasdaq Composite down 0.70% [5] - Global stock indices also saw a slight decline, with MSCI's gauge down 0.26% [5] Economic Indicators - London stocks rose as investors anticipated interest rate cuts from the Bank of England, with the FTSE 100 gaining 1.1% [6] - U.S. Treasury yields increased slightly, reflecting market conditions amid an ongoing government shutdown [6][7] Federal Reserve Outlook - The U.S. Federal Reserve is expected to meet soon, with a nearly full consensus on a 25-basis-point rate cut, although the ongoing government shutdown complicates economic data availability [7]