Shares dip, gold retreats as FOMO buying gets reality check

Market Overview - Global shares experienced a decline, with a notable pullback in gold prices after a significant rally, as investors took profits amid stretched valuations [1][2] - Geopolitical tensions, particularly regarding U.S.-Russia and U.S.-China relations, contributed to market uncertainty [1][2] Gold Market - Gold prices fell over 5% on Tuesday, trading at $4,098.89 per ounce, marking a significant retreat after a year-to-date increase of over 50% driven by geopolitical and economic uncertainties [2] - Analysts noted that gold was "massively overbought," indicating a potential correction in the market [3] Stock Performance - Netflix shares dropped nearly 6% after missing third-quarter earnings targets, while General Motors saw a 15% increase in stock price following an upward revision of its profit outlook [4] - The MSCI Asia-Pacific index outside Japan decreased by 0.24%, with Nasdaq and S&P 500 futures also showing slight declines [3][4] Japan's Market - Japan's Nikkei index fell 0.9%, aligning with broader market trends, despite previous gains fueled by expectations of fiscal stimulus under new Prime Minister Sanae Takaichi [5] - Analysts predict positive impacts on the equities market from Takaichi's policies, citing corporate reform and a pro-growth reflationary approach as supportive factors for the Nikkei [5]