Report Summary 1. Report Industry Investment Rating No information provided. 2. Core Viewpoints - ADP employment data exceeded expectations and market concerns about a liquidity crisis in the US caused the gold price to continue its volatile adjustment. Last week, the gold price was pressured by the cooling of interest - rate cut expectations and concerns about a liquidity crisis. Overall, the gold price will continue to maintain a range - bound trend this week, as the long - term upward logic of the gold price remains unchanged, but there is currently a lack of clear upward factors [3][4]. 3. Summary by Directory 3.1 Last Week's Market Review - **1.1 Gold Spot and Futures Price Trends** - Last Friday (November 7), the prices of Shanghai gold and COMEX gold futures, as well as London gold and gold T + D spot, all declined compared to the previous Friday. The cumulative price changes of different gold varieties are shown in Table 1, with the highest and lowest prices also presented [5][6]. - **1.2 Gold Basis** - Last Friday, the international gold basis (spot - futures) was - 1.10 US dollars per ounce, a significant drop of 16.90 US dollars per ounce from the previous Friday; the Shanghai gold basis was - 1.38 yuan per gram, a drop of 1.92 yuan per gram from the previous Friday [8]. - **1.3 Gold Domestic - Foreign Market Spread** - Last week, the decline of the foreign - market gold price was smaller than that of the domestic - market gold price. The gold domestic - foreign market spread on Friday was - 18.76 yuan per gram, a significant increase from - 19.46 yuan per gram the previous Friday. The gold - to - oil ratio increased slightly, the gold - to - silver ratio decreased slightly, and the gold - to - copper ratio increased significantly [10]. - **1.4 Position Analysis** - In terms of spot positions, the gold ETF holdings increased slightly last week. The trading volume of domestic gold T + D continued to decrease. In terms of futures positions, as of September 23, the long and short positions of gold CFTC asset management institutions both increased, with the net long positions rising slightly. The inventory of COMEX gold futures decreased, while the inventory of Shanghai Futures Exchange gold futures increased [14]. 3.2 Macroeconomic Fundamentals - **2.1 Important Economic Data** - The US ISM manufacturing PMI in October continued to contract for eight consecutive months. The US Senate failed to pass the appropriation bill, and the federal government shutdown is about to break the record. The US ISM services PMI in October reached an eight - month high, and the price - payment index reached a three - year high. The US ADP employment in October increased by 42,000, exceeding expectations, but salary growth remained stagnant [17][18][19]. - **2.2 Fed Policy Tracking** - Last week, Fed officials' differences over whether to continue cutting interest rates in December intensified. Different Fed officials expressed different views on interest - rate policies, inflation, and employment [29][30]. - **2.3 US Dollar Index Trend** - Last week, the US dollar index first rose and then fell, with a slight overall decline. As of last Friday, it decreased by 0.18% to 99.55 compared to the previous Friday [31]. - **2.4 US TIPS Yield Trend** - Last week, the yield of the 10 - year US TIPS fluctuated slightly upward. As of last Friday, it increased by 2bp to 1.83% [33]. - **2.5 International Important Event Tracking** - Last Saturday (November 8), Russia launched large - scale drone and missile attacks on Ukraine, damaging large - scale energy facilities in three regions. Different parties have different statements regarding these attacks [34].

Core Viewpoint - The article highlights the resurgence of gold prices driven by increased risk aversion, with gold prices breaking back into a strong range, surpassing $4,100 per ounce amid ongoing geopolitical and economic uncertainties [1][3]. Market Performance - On November 11, spot gold prices rose, reaching a peak of $4,145 per ounce, despite having dipped below $3,900 per ounce in late October. The gold ETF market continues to attract new capital, indicating sustained interest [2][3]. - The previous week saw London spot gold close at $4,000 per ounce, reflecting a slight week-on-week decline of 0.1%, while domestic AU9999 gold also fell by 0.1% to 918 yuan per gram [3]. Economic and Political Factors - The ongoing U.S. government shutdown, which has lasted for 41 days, is contributing to economic uncertainty and market liquidity issues. The shutdown stems from political polarization over budget cuts to healthcare programs [3][4]. - The Senate has reached an agreement to end the shutdown, which is expected to be resolved soon, potentially alleviating some economic pressures [3]. AI Market Concerns - Concerns regarding a potential bubble in the AI sector are rising, with increased volatility prompting investors to seek refuge in gold. If AI investments do not yield expected returns, it could lead to significant burdens on companies [4]. Investment Trends - Despite recent price corrections, gold ETFs and physical gold demand are on the rise. Notably, the Huaan Gold ETF saw an increase of 105,200 shares in the past month, while other ETFs also reported significant growth [5][6]. - The total scale of Huaan Gold ETF increased by 13.366 billion yuan, reaching 81.630 billion yuan, with other ETFs also showing substantial growth in assets under management [6]. Central Bank Activity - As of the end of October, China's gold reserves reached 7.409 million ounces (approximately 2304.457 tons), marking a month-on-month increase of 3,000 ounces (about 0.93 tons) and reflecting a consistent strategy of gold accumulation by the central bank [6]. - Globally, the SPDR Gold Trust, the largest gold ETF, increased its holdings by 1.71 tons as of November 8, indicating strong institutional interest in gold as a safe-haven asset [6].

Report Industry Investment Rating - Not provided in the content Core Viewpoints - ADP employment data exceeded expectations and the market worried about a liquidity crisis in the US, causing the gold price to continue its volatile adjustment. Last Friday (November 7), the Shanghai gold futures price dropped 1.72% to 921.92 yuan/gram compared to the previous Friday, and the COMEX gold futures price fell 1.20% to 4077.20 US dollars/ounce. In the spot market, the gold T+D price declined 1.53% to 921.02 yuan/gram, and the London gold price decreased 2.65% to 4002.69 US dollars/ounce. The unexpectedly high ADP employment data and hawkish remarks from Fed officials cooled the market's expectation of interest rate cuts, pressuring the gold price. The significant rise in the US SOFR rate on October 31, announced last Monday, under the backdrop of the government shutdown and tightening bank liquidity, also triggered concerns about a liquidity crisis, putting downward pressure on the gold price. However, the subsequent sharp decline in the SOFR rate alleviated market concerns and pushed the gold price to rebound. Overall, the gold price continued its volatile adjustment last week due to the cooling of interest rate cut expectations and concerns about a liquidity crisis [3]. - This week (the week of November 10), the gold price will continue to fluctuate within a range. The US Senate planned to hold a trial vote on a new plan to end the government shutdown last Sunday (November 9), and the government is expected to resume work this week, which will ease market risk aversion and have a certain negative impact on the gold price. However, if the government shutdown ends, multiple private - sector economic indicators will be released this week, and these data are expected to remain weak, which will increase the market's expectation of interest rate cuts and be beneficial to gold. Although the long - term upward trend of the gold price remains unchanged, there are currently no clear upward factors. Given various uncertainties, the gold price is expected to continue its range - bound fluctuation this week [4]. Summary by Relevant Catalogs 1. Last Week's Market Review 1.1 Gold Spot and Futures Price Movements - Last Friday (November 7), the Shanghai gold futures price closed at 921.26 yuan/gram, down 0.66 yuan/gram from the previous Friday. The COMEX gold futures price closed at 4007.80 US dollars/ounce, continuing to decline by 5.60 US dollars/ounce. In the spot market, the gold T+D price closed at 917.64 yuan/gram, down 3.38 yuan/gram, and the London gold price closed at 4000.29 US dollars/ounce, down 2.40 US dollars/ounce [5]. - The trading data shows that the cumulative increase of the Shanghai gold futures was 0.32%, with a trading volume of 152 million and an open interest of 13.67 million, a decrease of 20,231. The COMEX gold futures had a cumulative increase of 0.28%, a trading volume of 102 million, an open interest of 31.15 million, and a decrease of 23,438. The gold T+D spot had a cumulative increase of 0.08%, a trading volume of 26.92 million, an open interest of 25.45 million, and an increase of 6,762. The London gold spot had a cumulative decrease of 0.06% [6]. 1.2 Gold Basis - Last Friday, the international gold basis (spot - futures) was - 1.10 US dollars/ounce, a significant drop of 16.90 US dollars/ounce from the previous Friday. The Shanghai gold basis was - 1.38 yuan/gram, a decline of 1.92 yuan/gram from the previous Friday [8]. 1.3 Gold Domestic - Foreign Price Difference - Last week, the decline of the foreign - market gold price was smaller than that of the domestic - market gold price. The gold domestic - foreign price difference on Friday was - 18.76 yuan/gram, a significant recovery from - 19.46 yuan/gram the previous Friday. The decline of the crude oil price was greater than that of gold, and the gold - oil ratio increased slightly. The silver price continued to rise slightly while the gold price continued to fall, causing the gold - silver ratio to decline slightly. Due to the government shutdown, the spread between the US SOFR rate and the overnight repo rate soared, triggering concerns about US dollar liquidity, reducing market risk appetite, and causing the copper price to fall more sharply than gold, leading to a significant increase in the gold - copper ratio [10]. 1.4 Position Analysis - In the spot market, the gold ETF holdings increased slightly last week. As of last Friday, the holdings of the world's largest SPRD gold ETF fund were 1042.06 tons, a slight increase of 2.86 tons from the previous week. The cumulative trading volume of domestic gold T+D continued to decrease, with a total of 269,158 kilograms last week, a 6.29% decrease from the previous week. - In the futures market, as of September 23 (the latest available data), both the long and short positions of gold CFTC asset management institutions increased, but the increase in short positions was less than that of long positions, resulting in a slight increase in the net long positions. In terms of inventory, the COMEX gold futures inventory continued to decrease last week, while the Shanghai Futures Exchange gold inventory increased by 1800 kilograms to 89,616 kilograms [14]. 2. Macroeconomic Fundamentals 2.1 Important Economic Data - The US ISM manufacturing PMI contracted for the eighth consecutive month in October. The index was 48.7, lower than the expected 49.5 and the previous value of 49.1. Among the important sub - indices, the new orders index was 49.4, higher than the previous value of 48.9. The new orders in October decreased for the second consecutive month, but the decline rate slowed down. The production index dropped 2.8 points to 48.2, indicating output contraction in two of the past three months. The employment index was 46.0, higher than the previous value of 45.3 but still in the contraction range, contracting for the ninth consecutive month. The price - paid index was 58.0, the lowest level since the beginning of this year, far lower than the expected 62.5 and the previous value of 61.9, indicating a continued reduction in inflation pressure. The supplier delivery index rose to a four - month high, indicating a longer delivery cycle. The manufacturer's inventory decreased by the largest margin in a year, and the customer inventory level remained low, suggesting that future orders may increase, supporting production activities [17]. - The US Senate failed to pass the appropriation bill, and the federal government shutdown is about to break the record. The current shutdown, which started on October 1, is likely to become the longest in US history. However, there are initial signs of a thaw in Congress, and senior lawmakers from both parties are sending cautious and optimistic signals, which eases market concerns about the US economic and political stability [18]. - The US ISM services PMI reached an eight - month high in October, and the price - paid index reached a three - year high. The index was 52.4, higher than the expected 50.8 and the previous value of 50.0. The new orders index jumped 5.8 points to 56.2, reaching a one - year high. Along with the rebound in demand, inflation pressure became more obvious, and the input price index rose to 70.0, the highest in three years, indicating that the service industry is under greater pressure from US import tariffs. The employment situation is stabilizing, and the employment index rose to a five - month high of 48.2. Although still below 50, indicating a continued decline in employment, the decline rate has slowed down. The inventory index only contracted slightly in October, and more service companies believe their inventory levels are still high relative to business activities [19]. - The US "small non - farm" ADP employment increased by 42,000 in October, exceeding expectations, but wage growth remained stagnant. The increase was mainly driven by the service industry, which added 32,000 jobs, and the commodity production industry, which added 9,000 jobs. The recruitment situation rebounded from two consecutive months of weakness, but the rebound was not widespread, mainly supported by education, healthcare, trade, transportation, and public utilities [19][20]. 2.2 Fed Policy Tracking - Last week, the divergence among Fed officials on whether to continue cutting interest rates in December increased. Chicago Fed President Goolsbee, who has a vote this year, said the government shutdown led to the lack of key inflation data, making him cautious about further rate cuts. Cleveland Fed President Mester, who will have a vote next year, said inflation is a more urgent concern than a weak labor market. She believes the current interest rate setting is "almost non - restrictive" and advocates that monetary policy should continue to put pressure on inflation. New York Fed President Williams said the era of low interest rates continues, and the neutral interest rate is estimated to be around 1%. Fed Governor Barr, who was previously the vice - chair for supervision, said the Fed must focus on "ensuring the robustness of the employment market" [29][30]. 2.3 US Dollar Index Movement - The US dollar index first rose and then fell last week, showing a slight overall decline. The rebound of the October US ISM services PMI index and the significant increase in the October ADP employment number, both exceeding market expectations, drove the dollar index up. However, due to the ongoing government shutdown, market risk sentiment cooled, causing the dollar index to decline again. As of last Friday, the dollar index fell 0.18% to 99.55 compared to the previous Friday [31]. 2.4 US TIPS Yield Movement - The US 10 - year TIPS yield increased slightly last week. Fed officials' remarks generally strengthened Powell's hawkish view that "a December rate cut is not certain", and the rebound in the October ADP employment number showed positive signs in the labor market, leading to a slight increase in the US 10 - year TIPS yield. As of last Friday, the yield rose 2bp to 1.83% [33]. 2.5 International Important Event Tracking - Russian forces continuously attacked the Ukrainian power system. Last Saturday (November 8), Russia launched a large - scale drone and missile attack on Ukraine, damaging large - scale energy facilities in three regions. Zelensky said Russia has always targeted the power system to damage heating equipment and called for corresponding sanctions. The Russian Ministry of Defense said the attacks were in response to Kiev's attacks on Russian territory [34].

经过整整41天的政府停摆，美国参议院终于在当地时间周一（11月10日）达成关键协议，定于当晚启动 一系列8项表决，其中最后一项就是通过短期政府资金法案，预计将以微弱优势过关。这场罕见的周日 深夜会议，以60比40票艰难推进法案，正式宣告"重开政府"进入倒计时。一旦参议院通过，法案将立即 移交众议院，议长迈克·约翰逊放话：最快周三就能表决。 展望后市，黄金的前景一片光明。到今年年底，金价可能在每盎司4200美元至4300美元之间徘徊，而明 年第一季度，每盎司5000美元仍是一个合理目标。这一乐观预期建立在持续的降息路径、经济不确定性 和地缘贸易摩擦之上。尽管股市在AI相关股（如英伟达上涨5.8%、Palantir大涨8.8%）带动下跳涨 1.54%，标普500收于6832.43点，纳斯达克上涨2.27%，但黄金作为多元化资产的地位无可动摇。政府停 摆结束将释放部分经济压力，但数据缺口和美联储分歧将持续发酵，黄金将在低利率与避险双轮驱动 下，继续闪耀。投资者应密切关注美国政府如果结束停摆后将公布的非农就业等关键数据，以及美联储 官员讲话和市场对12月会议预期变化。 周二（11月11日）亚市早盘，现货黄金延续隔夜涨 ...

Group 1 - The core viewpoint of the articles indicates that dovish comments from Federal Reserve officials have led to a rise in interest rate cut expectations, which in turn supports the upward trend in gold prices [1][2] - Gold ETFs have shown mixed performance, with 华夏 (518850) rising by 1.53% and recording three consecutive gains, while 黄金股ETF (159562) fell by 0.42% during intraday trading [1] - The comments from Federal Reserve officials, including San Francisco Fed President Mary Daly, suggest that the U.S. economy may be experiencing a decline in demand, and inflation appears to be under control, prompting a call for an open attitude towards further rate cuts [1] Group 2 - The end of the U.S. government shutdown is expected to normalize the release of government data, which may support further rate cuts by the Federal Reserve in December, contributing to an increase in gold futures [2] - Analysts from 中信建投证券 express a bullish long-term outlook on gold due to weak economic indicators, increased market volatility, and geopolitical threats [2] - 南华期货 highlights that central bank gold purchases and growing investment demand, driven by expectations of monetary easing and temporary safe-haven trading, will continue to push precious metal prices higher in the medium to long term [2]

Report Industry Investment Ratings - Iron ore: Oscillatory adjustment [2] - Coking coal and coke: Oscillatory [2] - Rolled steel and rebar: Oscillatory [2] - Glass: Oscillatory [2] - Soda ash: Oscillatory [2] - CSI 50: Oscillatory [2] - CSI 300: Oscillatory [2] - CSI 500: Rebound [4] - CSI 1000: Rebound [4] - 2 - year Treasury bond: Oscillatory [4] - 5 - year Treasury bond: Oscillatory [4] - 10 - year Treasury bond: Upward [4] - Gold: Strong - biased oscillation [4] - Silver: Strong - biased oscillation [4] - Logs: Bottom - oscillatory [6] - Pulp: Bottom - rebound [6] - Offset paper: Oscillatory [6] - Soybean oil: Range - bound operation [6] - Palm oil: Range - bound operation [6] - Rapeseed oil: Range - bound operation [6] - Soybean meal: Oscillatory [6] - Rapeseed meal: Oscillatory [6] - Soybean No. 2: Oscillatory [7] - Soybean No. 1: Oscillatory [7] - Live pigs: Oscillatory and slightly stronger [7] - Rubber: Oscillatory [9] - PX: On - the - sidelines [9] - PTA: Oscillatory [9] - MEG: Wide - range oscillation [9] - PR: On - the - sidelines [9] - PF: On - the - sidelines [9] Core Viewpoints - The black industry is affected by macro and fundamental factors, with supply - demand imbalances in some products and price trends mainly oscillatory [2] - The financial market, including stock index futures, options, and bonds, shows different trends, with the overall market having short - term adjustments and a medium - term upward trend [4] - Precious metals are supported by factors such as central bank gold purchases, geopolitical risks, and inflation data, showing a strong - biased oscillatory trend [4] - Light industry products like logs and pulp have complex supply - demand situations, with prices showing bottom - oscillatory or bottom - rebound trends [6] - Oils and fats and oilseeds are affected by factors such as production, demand, and policies, with overall range - bound operations and oscillatory trends for some products [6][7] - Agricultural products like live pigs have complex supply - demand relationships, with prices showing oscillatory and slightly stronger or downward trends [7] - Soft commodities such as rubber and chemical products in the polyester industry are affected by factors such as weather, supply, and demand, with prices showing oscillatory or wide - range oscillatory trends [9] Summary by Category Black Industry - **Iron ore**: The total arrival volume at 47 ports in China decreased by 544,800 tons to 2.7693 million tons, a 16.44% drop. The iron water output continued to decline, and the port inventory increased. The supply - demand surplus pattern is difficult to reverse, and the short - term trend is mainly oscillatory [2] - **Coking coal and coke**: The Fed's interest - rate cut, improved Sino - US relations, and low coal inventory support the price. The core contradiction is the low profit of steel mills. The short - term trend is high - level oscillation [2] - **Rolled steel and rebar**: The macro - level good news has landed, and the price has returned to the fundamentals. The demand for steel is weak, and the price stop - falling depends on production reduction and policy implementation [2] - **Glass**: The news of coal - to - gas conversion in Shahe is fermenting, with 4 production lines to be cold - repaired. The demand is weak, and the inventory is increasing. The price trend depends on production - line cold - repair and policies [2] Financial Market - **Stock index futures/options**: The market shows short - term adjustments and a medium - term upward trend. It is recommended to hold long positions in stock indices [4] - **Treasury bonds**: The yield of the 10 - year Treasury bond is flat, and the central bank has carried out reverse - repurchase operations. It is recommended to hold long positions in Treasury bonds lightly [4] Precious Metals - **Gold and silver**: Affected by factors such as central bank gold purchases, geopolitical risks, and inflation data, the short - term trend is strong - biased oscillation [4] Light Industry - **Logs**: The port inventory is increasing, the demand is difficult to maintain, and the price is expected to oscillate at the bottom [6] - **Pulp**: The cost support is weakening, the demand is poor, and the price is expected to rebound from the bottom [6] - **Offset paper**: The supply pressure exists, the market expectation is cautious, and the price is expected to oscillate [6] Oils and Fats and Oilseeds - **Oils and fats**: The production of Malaysian palm oil is high, the export is strong, and the supply in China is abundant. The overall trend is range - bound operation [6] - **Oilseeds**: The impact of China's tariff policy on the US is short - term, and the supply of domestic soybean meal is increasing. The price trend is oscillatory [6][7] Agricultural Products - **Live pigs**: The average trading weight is slightly rising, the supply is expected to increase, and the demand support is limited. The weekly average price may decline [7] Soft Commodities and Polyester Industry - **Rubber**: The supply is affected by weather, the demand is improving, and the inventory is decreasing. The price is expected to oscillate widely [9] - **PX, PTA, MEG, PR, PF**: Affected by factors such as the end of the US government shutdown, oil prices, and supply - demand relationships, the price trends are oscillatory, wide - range oscillatory, or on - the - sidelines [9]

Core Viewpoint - The end of the U.S. government shutdown and the release of weak economic data are driving expectations for interest rate cuts, leading to a significant rise in gold prices [1] Group 1: Economic Indicators - The U.S. government shutdown lasted for 41 days, setting a record, but a potential agreement to end it is reportedly being reached [1] - The University of Michigan reported that the consumer confidence index for November dropped to 50.3, the lowest level since June 2022, and below expectations [1] Group 2: Market Reactions - Gold prices surged, with COMEX gold futures rising by 2.83% to $4123.4 per ounce, marking a near two-week high, and the volatility exceeded $118 during the day [1] - The China Gold ETF (518850) increased by 1.70%, while the Gold Stock ETF (159562) rose by 2.79% [1] Group 3: Future Implications - Analysts suggest that the end of the government shutdown will restore the normal release of government data, which may allow the Federal Reserve to consider further interest rate cuts in December [1] - The anticipated release of previously withheld macroeconomic data could indicate persistent inflation and a weaker labor market than reported by ADP, potentially raising expectations for rate cuts and supporting gold prices [1]

金价拉升。 11月10日午后，贵金属市场大幅拉升走高，黄金期现涨幅均超过2%，白银期货涨幅一度超过4%，其他 贵金属亦不同程度走高。截至发稿，伦敦金现涨2.51%，报4101.06美元/盎司；COMEX黄金涨2.59%， 报4113.5美元/盎司；伦敦银现涨3.5%，报50.018美元/盎司，COMEX白银涨3.99%，报50.065美元/盎 司；现货铂金涨2.59%，NYMEX铂涨2.79%；现货钯金涨3.14%，NYMEX钯涨2.27%。 | 名称 | 现价 | 涨跌 | 涨跌幅 | | --- | --- | --- | --- | | 伦敦金现 | 4101.060 | 100.350 | 2.51% | | 伦敦银现 | 50.018 | 1.692 | 3.50% | | COMEX黄金 | 4113.5 d | 103.7 | 2.59% | | COMEX白银 | 50.065 d | 1.922 | 3.99% | | 伦敦金(人民币/克) | 938.6415 | 22.9679 | 2.51% | | 伦敦银(人民币/千克) | 11448.0088 | 387.2612 | 3.50% ...

Core Viewpoint - The recent surge in gold prices, breaking through $4,070 per ounce, is driven by a combination of macroeconomic expectations, global risks, and long-term institutional buying, rather than mere speculative trading [1][2][3]. Group 1: Macroeconomic Factors - The U.S. economy is showing signs of weakness, leading investors to anticipate a potential interest rate cut by the Federal Reserve early next year, which benefits gold in a low-interest-rate environment [2][4]. - Inflation in the U.S. is declining, and economic slowdown is prompting a shift in investor sentiment towards gold as a safe haven asset [4][7]. Group 2: Global Risks - Ongoing geopolitical tensions and increased volatility in European and American markets are causing capital to flow out of high-risk assets and into safer investments like gold [5][7]. - The rise in gold prices reflects growing global market concerns about economic stagnation, weak consumer confidence, and pressured corporate earnings [7][12]. Group 3: Institutional Buying - Central banks and institutional investors are significantly increasing their gold holdings, with the World Gold Council reporting record net purchases by official sectors this year [6][10]. - The trend indicates a structural return to gold as a long-term investment, moving beyond short-term speculation [7][10]. Group 4: Market Dynamics - The weakening U.S. dollar enhances gold's appeal, making it cheaper for investors using other currencies, thus contributing to rising demand [7][12]. - The breakout above the $4,000 resistance level suggests a new pricing phase for gold, indicating a shift in market dynamics [7]. Group 5: Consumer Behavior - High gold prices are increasing jewelry prices but are also stimulating demand in certain regions, such as China, where initiatives like "old-for-new" and investment in gold bars are gaining popularity [11]. Group 6: Macro Implications - The sustained rise in gold prices signals heightened global risk concerns and reflects a shift in the global economic landscape, indicating a potential preparation for a new economic cycle [12].

Market Overview - US stock index futures are all up, with Dow futures rising by 0.42%, S&P futures by 0.91%, and Nasdaq futures by 1.43% [1] - Major European stock indices are also up, with the Euro Stoxx 50 index increasing by 1.83%, FTSE 100 by 0.99%, CAC 40 by 1.47%, and DAX 30 by 1.88% [1] - WTI crude oil prices increased by 0.35% to $59.96 per barrel, while Brent crude oil also rose by 0.35% to $63.85 per barrel [1] - Gold prices surged by 2.31%, reaching $4102.3 per ounce, driven by safe-haven demand and expectations of interest rate cuts [1] Company News - TSMC reported a 11% month-over-month increase and a 16.9% year-over-year increase in October sales, indicating a continued recovery in semiconductor demand, particularly for AI chips [1] - Samsung Electronics' stock rose by 3%, benefiting from rising memory chip prices and demand for AI servers [1] - Chuangyi Huikang announced a planned change in control, leading to a temporary suspension of its stock for up to two trading days, as it seeks to integrate resources in the smart healthcare sector [1] - Kingood Co. plans to build and upgrade 10 Avatar production lines by 2026, focusing on high-end manufacturing [1] - InnoLaser's high-power ultrafast laser project passed the first phase of acceptance, marking a technological breakthrough beneficial for the semiconductor and photovoltaic sectors [1]