Guinea-Bissau's new interim military leader is vowing a crackdown on drug trafficking and corruption after taking power General. And Tom was sworn in a day after soldiers arrested the president and ordered last weekend's election results to be suspended. For more.Let's bring in Bloomberg's on Darrell Ganga, who joins us now with the latest on terror. What more do we know. Good morning, Tom.A lot has escalated in Guinea-Bissau in the last 48 hours. First, it started with gunfire. The presidential palace was ...

Soldiers in Guinea-Bissau appeared Wednesday on state television saying they have seized power in the country, following reports of gunshots near the presidential palace https://t.co/swq68ArAls ...

The country is facing ruin, with a government paralysed by its own contradictions and a people apparently too exhausted to rise up and overthrow it https://t.co/NQC6UKjZr1 ...

'Killed because they are Alawites': Fear among Syria's minorities after the fall of Assad https://t.co/QM0rRjBJpr ...

Geopolitical Risk - Al Qaeda militants are advancing towards the capital of Mali [1] - The potential fall of Mali's capital could result in the first country governed by a U S-designated terrorist group [1]

Unrest in Tanzania following this week’s election that barred the incumbent president’s main rivals left about 100 people dead, Amnesty International said. The country’s biggest opposition party said hundreds more may have been killed https://t.co/4Uhc3MXxtX ...

Al Qaeda militants are moving closer to seizing the capital of the West African nation of Mali, which, should the city fall, would become the first country in the world run by the U.S.-designated terrorist group https://t.co/QWmwU6ooXk ...

Core Viewpoint - Gold prices have experienced a significant decline after a prolonged rally, with a notable selloff attributed to profit-taking by investors rather than macroeconomic or geopolitical factors [2][3]. Price Movement - Gold futures fell by $61.30, or 1.49%, to $4,053.10 per ounce, marking a two-day selloff after reaching an intraday record of $4,398 per ounce [1][2]. - The precious metal lost 5.74% on Tuesday, closing at $4,109.10, representing its worst performance since 2013 [2]. Market Analysis - Analysts from UBS indicated that the recent decline in gold prices is largely technical, driven by slowing price momentum and rising option volatility, leading speculative investors to take profits [3]. - Despite the recent pullback, gold prices remain up over 50% year-to-date and nearly 5% for the month, with underlying fundamentals such as inflation and political instability expected to persist [3][4]. Future Outlook - UBS analysts believe it is premature to adopt a negative outlook on gold, suggesting that the factors driving its price increases are likely to continue [4].

Core Insights - Gold miners have experienced significant gains, raising concerns among investors about whether these increases are sustainable [1][2] - The NYSE Arca Gold Miners Index saw a notable decline of 6%, marking the largest drop since May, while major mining companies like Newmont, Agnico Eagle, and Barrick Mining also faced substantial losses [2] - The valuation of gold mining companies has surged to nearly $1 trillion, tripling the average over the past five years, indicating potential overvaluation [5] Market Performance - The NYSE Arca Gold Miners Index decreased by 6% at 4:10 p.m. in New York, with gold bullion falling more than 2% [2] - Newmont's shares dropped by 7.6%, Agnico Eagle Mines fell by 6%, and Barrick Mining Corp. retreated by 6.5% [2] - Despite these recent declines, these companies had previously enjoyed gains exceeding 100% this year, while gold itself gained just over 60% [2] Investor Sentiment - Investors holding long positions in SPDR Gold Trust ETF are contemplating whether to take profits or continue holding [3] - Current market conditions suggest that the rapid price increases for mining stocks may be coming to an end, as indicated by portfolio manager Candice Bangsund [5][6] - Bangsund expressed uncertainty about further price increases, predicting that share prices may remain relatively stable over the next 12 to 18 months [6] Economic Factors - The rally in gold prices has been attributed to its role as a safe haven amid concerns about inflation, a declining dollar, and political instability [4] - Recent stabilization of the dollar and easing trade tensions between China and the US may impact gold's appeal as a safe investment [4]

A faction of Madagascar's army has seized control after President Rajoelina fled the country following weeks of demonstrationsGen Z protesters played a key role in his downfall, as Jennifer Zabasajja explains https://t.co/D9Jl66VGob https://t.co/1tl1cLgaSl ...