Core Insights - The weakening dollar, ongoing geopolitical and economic uncertainty, and rising expectations for further Fed rate cuts are driving investor interest in gold, with prices increasing by 3.58% over the past five days and 55.39% year to date [1][2] Economic Indicators - Strong fundamental indicators suggest that gold's gains could extend into 2026, supporting increased portfolio allocation [2] - The U.S. Dollar Index (DXY) has decreased by 0.52% over the past five days and 8.17% year to date, with an all-time decline of 16.88% [3] Market Sentiment - A weaker U.S. dollar typically leads to higher demand for gold, making it more affordable for buyers using other currencies [4] - The likelihood of another interest rate cut in December is estimated at 64.6% according to the CME FedWatch tool [4] Geopolitical Factors - The U.S. government shutdown, which began on October 1, has contributed to economic uncertainty, with consumer sentiment dropping to its lowest level in nearly three and a half years [5][6] Investment Strategies - Gold remains a key hedge for investors amid increasing macroeconomic and geopolitical uncertainties [6] - A long-term passive investment strategy is recommended for investors, with a "buy-the-dip" approach suggested for potential declines in gold prices [9] ETF Recommendations - For physical gold exposure, investors can consider SPDR Gold Shares (GLD), iShares Gold Trust (IAU), SPDR Gold MiniShares Trust (GLDM), abrdn Physical Gold Shares ETF (SGOL), and iShares Gold Trust Micro (IAUM) [8] - GLD has an asset base of $133.51 billion, making it the largest option, while GLDM and IAUM are the cheapest in terms of annual fees at 0.10% and 0.09% respectively [10] - For gold miners, options include VanEck Gold Miners ETF (GDX), Sprott Gold Miners ETF (SGDM), VanEck Junior Gold Miners ETF (GDXJ), and Sprott Junior Gold Miners ETF (SGDJ) [11] - GDX has an asset base of $21.25 billion and a one-month average trading volume of 32.09 million shares, making it the most liquid option among gold miners ETFs [12]

Core Viewpoint - Federal Reserve Governor Stephen Miran advocates for further interest rate cuts to prevent potential economic softening, suggesting a more aggressive approach than the traditional quarter percentage point reductions [1][2]. Group 1: Interest Rate Cuts - Miran supports a 50 basis point reduction, with a minimum of 25 basis points, despite the Federal Open Market Committee (FOMC) opting for quarter-point cuts in September and October [2][4]. - There was a lack of consensus among Fed officials, with only two votes against the October cut, indicating a wide range of opinions on the matter [3]. - Markets are currently pricing in a 63% chance of a third rate reduction in December, although this probability has been decreasing since the October meeting [6]. Group 2: Economic Outlook - Miran emphasizes the need for forward-looking policy decisions, arguing that current data may not accurately reflect future economic conditions, which could take 12 to 18 months to manifest [5]. - He notes that available data shows a softening in both inflation and the labor market, suggesting that the Fed should adopt a more dovish stance than previously indicated [5].

Core Viewpoint - The potential end of the longest US government shutdown is leading to increased selling in safe-haven assets like Treasuries, with yields on 10-year debt rising to near 4.15% following a procedural vote in the Senate [1][2]. Group 1: Market Reactions - Global markets reacted positively to the Senate's procedural vote, viewing it as a breakthrough that could lead to the end of the shutdown, which would provide investors with access to important economic data [2]. - Improved risk appetite is noted, with Treasury yields increasing as moderate Democrats in the Senate support moving forward with the bill, suggesting a possible government operation until January [3]. Group 2: Economic Implications - An end to the shutdown could restore funding to federal agencies until the end of January, allowing for the release of delayed economic data on inflation and jobs, which are critical for market assessments [4]. - Historical data suggests that the September employment report could be among the first data released post-shutdown, potentially showing a significant rebound in non-farm payrolls [5]. Group 3: Broader Economic Outlook - A reopening of government services is expected to refocus markets on the underlying strength of the economy, with resilient earnings growth and a loosening monetary backdrop contributing to a positive outlook [6].

Core Insights - Today's CD rates are significantly higher than the national average, influenced by the Federal Reserve's recent interest rate cuts [1][3] - The highest CD rate currently available is 4.25% APY, offered by United Fidelity Bank for various term lengths [2] - The national average CD rate for a 1-year term is 1.68%, indicating that current rates are among the highest seen in nearly two decades [3] Best CD Rates - As of November 10, 2025, the top CD rate is 4.25% APY from United Fidelity Bank for 10-month, 18-month, and 2-year CDs [2] - Online banks and credit unions typically provide more competitive rates compared to traditional banks [3] Finding the Best CD Rates - It is advisable to shop around and compare CD rates from various financial institutions before making a decision [4] - Online banks often have lower overhead costs, allowing them to offer higher interest rates on CDs [4] - Potential investors should check minimum deposit requirements and review account terms, including early withdrawal penalties and auto-renewal policies [4]

Gold surged as US lawmakers moved closer to ending the longest shutdown in American history, a move that would help lift the fog around the Federal Reserve’s path on interest rates. Bullion jumped as much as 2.1% to trade around $4,080 an ounce. On Sunday, a group of Senate Democrats broke with their party on a procedural measure to help Republicans advance a funding bill. Ending the shutdown would give investors greater clarity on key official economic data such as jobs and inflation. Most Read from Blo ...

Market Overview - U.S. stock futures rose on Monday following a mixed close on Friday, with major benchmark indices showing positive movement [1] - Investors are reacting to a potential end to the government shutdown and a surprise stimulus proposal from President Trump [1][2] - The Senate held a key vote on a funding bill aimed at ending the 40-day government shutdown [1] Futures Performance - Dow Jones futures increased by 0.42%, S&P 500 by 0.97%, Nasdaq 100 by 1.52%, and Russell 2000 by 1.11% [3] - The SPDR S&P 500 ETF Trust (SPY) rose by 0.98% to $677.52, while Invesco QQQ Trust ETF (QQQ) advanced by 1.52% to $619.02 [3] Stocks in Focus - Occidental Petroleum Corp. (NYSE: OXY) is expected to report quarterly earnings of 52 cents per share on revenue of $6.68 billion, rising 0.70% in premarket [5] - Viasat Inc. (NASDAQ: VSAT) jumped 13.21% after posting earnings of 9 cents per share on sales of $1.141 billion for the second quarter [5] - Micron Technology Inc. (NASDAQ: MU) gained 4.48% due to rising prices for next-generation HBM4 memory chips [5] - Nvidia Corp. (NASDAQ: NVDA) increased by 3.23%, leading the Nasdaq and S&P 500 higher [11] - Taiwan Semiconductor Manufacturing Co. Ltd. (NYSE: TSM) climbed 2.76% with October revenue up 17% year-over-year to $11.99 billion [11] Analyst Insights - Ryan Detrick of Carson Group views government shutdowns as short-term noise, noting that the S&P 500's median return during past shutdowns was only 0.1% [8] - Historical data indicates that the S&P 500 has averaged a gain of 12.3% in the 12 months following the end of a government shutdown, with a 91% success rate in positive market performance [9][10]

Market Overview - Global financial markets are experiencing a strong upward trend, driven by optimism regarding a resolution to the U.S. government shutdown and expectations of a dovish Federal Reserve [2][10] - European futures have shown significant gains, with EuroStoxx 50 up 1.4%, DAX rising 1.3%, and FTSE 100 increasing by 0.9% [2] - U.S. futures for Nasdaq and S&P 500 advanced 1% and 0.6%, respectively, indicating a positive start to the trading week [2] U.S. Government Shutdown - Progress on the U.S. government shutdown is a key driver of market sentiment, with U.S. senators reportedly reaching a deal to end the 40-day shutdown [3] - This development is expected to restore consumer confidence and economic activity [3] Commodities - Crude oil prices are gaining momentum, with Brent crude futures rising 0.74% to $64.10 per barrel and U.S. WTI crude climbing 0.84% to $60.25 per barrel [4] - The anticipated reopening of the federal government is expected to lift demand in the U.S., the world's top oil consumer [4] Gold Market - Gold prices have surged, with spot gold gaining 0.7% to $4,027.88 per ounce and U.S. gold futures for December delivery also rising 0.7% to $4,036.60 per ounce [5] - The rise in gold prices is attributed to concerns over global growth and expectations of Federal Reserve interest rate cuts, with a 67% chance of a December rate cut now seen by market participants [5] Corporate News - The Australian Securities Exchange (ASX) has appointed Lucinda McCann as its new Chief Compliance Officer to strengthen governance and support ongoing turnaround efforts [6][10] International Economic Developments - Japanese Prime Minister Sanae Takaichi has indicated plans to shift fiscal targets towards multi-year spending measurements, emphasizing a commitment to proactive fiscal expansion to stimulate economic growth [7] Scientific Advancements - Chinese scientists at Lonvi Biosciences are developing an anti-aging drug based on a grape seed compound called PCC1, aiming to extend human lifespan to 150 years [8][10]

Core Viewpoint - Bond traders are focusing on the demand for new Treasury notes and bonds amid a record US government shutdown, with the market operating without official data [1] Group 1: Market Demand and Treasury Auctions - The Treasury will auction new three-, 10-, and 30-year debt, with this week's refunding totaling $125 billion, the same amount as in May last year [2] - Longer-dated yields have recently bounced from lows, with the 10-year yield trading between 4.05% to 4.16% [1][2] Group 2: Interest Rate Expectations - Interest-rate swap contracts indicate a leaning towards a third quarter-point reduction in rates during the Federal Reserve meeting on December 9-10 [2] - The market anticipates rate cuts to around the 3% level over the next 12 months, with sentiment suggesting weaker hiring trends [2] Group 3: Investment Strategy - Capital Group's portfolio manager suggests that the pricing of interest rates is roughly fair, with risks tilted to the downside due to labor market uncertainties [3] - The firm favors owning intermediate and shorter maturity Treasuries (2-year to 5-year) that are more closely linked to the path for Fed funds [3]

Core Insights - The Federal Reserve's decision on a potential rate cut in December is uncertain due to the lack of official inflation and job market data resulting from the government shutdown [1][4][5] Economic Data Impact - The Bureau of Labor Statistics (BLS) has delayed the release of the October Consumer Price Index (CPI) report, which could impact the Fed's decision-making process [5][6] - The September CPI showed a lower-than-expected increase of 3% year-over-year, and alternative measures suggest a similar trend for October [2][3] Federal Reserve's Position - Fed officials are facing challenges in assessing economic conditions due to the absence of official reports, which complicates the debate on whether another rate cut is necessary [4][6] - New York Fed President John Williams indicated that the next rate decision is a balancing act, acknowledging high inflation while noting the economy's resilience [7] Global Economic Context - Other central banks, such as the Bank of Canada and the Reserve Bank of India, are also closely monitoring inflation data to inform their monetary policy decisions [7][9][10] - In Asia, China's consumer prices unexpectedly rose in October, while India's inflation is expected to slow, influencing the Reserve Bank of India's policy outlook [9][10] Regional Developments - In Europe, the Bank of England is preparing for a potential rate cut in December, with upcoming labor statistics and GDP data expected to provide further insights [13][14] - The eurozone is experiencing a quieter data week, with key indicators like Germany's ZEW investor confidence and industrial production being monitored [15]

Economic Indicators - The University of Michigan's US Nov 1-year inflation expectations rose unexpectedly to +4.7%, surpassing the expected +4.6% [1] - The Nov 5-10 year inflation expectations decreased to +3.6%, below the anticipated +3.8% [1] - The US Nov consumer sentiment index fell by -3.3 to a nearly 3.5-year low of 50.3, weaker than the expected 53.0 [1] Stock Market Performance - US stock indexes initially declined but recovered later, closing mixed as Senate Democrats proposed a one-year extension of health care subsidies [3] - The S&P 500 Index closed up +0.13%, the Dow Jones Industrials Index up +0.16%, while the Nasdaq 100 Index fell -0.28% [4] - Semiconductor stocks faced pressure, contributing to broader market weakness, with significant job cuts announced by US companies [2] Corporate Earnings - Q3 corporate earnings season showed strong results, with 81% of S&P 500 companies beating forecasts, indicating the best quarter since 2021 [8] - Q3 profits are projected to rise by +7.2% y/y, the smallest increase in two years, while sales growth is expected to slow to +5.9% y/y [8] International Trade - China's October exports unexpectedly fell -1.1% y/y, the largest decline in 8 months, while imports rose +1.0% y/y, weaker than expectations [5] Government and Monetary Policy - The US government shutdown, now the longest in history, is impacting market sentiment and the economy, with a 66% chance of a -25 bp rate cut at the next FOMC meeting [6] - Fed Vice Chair Philip Jefferson's comments on interest rates being "somewhat restrictive" have contributed to a cautious market outlook [2][11] Notable Company Movements - Globus Medical (GMED) shares rose over +35% after reporting Q3 net sales of $769 million, exceeding expectations [13] - Expedia Group (EXPE) closed up more than +17% after reporting Q3 adjusted EPS of $7.57, significantly above consensus [13] - Microchip Technology (MCHP) shares fell over -5% after forecasting weaker-than-expected Q3 net sales [16]