Welcome to Seeking Alpha's Wall Street Lunch, our afternoon update on today's market action, news, and analysis.

Good afternoon. Today is Tuesday, October 6th, and I'm your host, Kim Kahn.

Now, top story so far, gold futures top $4,000 an ounce for the first time, with Spot Gold now currently knocking on the door of that level, as at the time of recording, Spot Gold hit an intraday high of 3990-65.

Daniel Altman, founder of high-yield economics, says the rally is a direct response to the

dual risks of inflation and currency devaluation in the United States and other major economies.

Ever since the Great Recession, gold has been an outstanding performer

because of the enormous debts incurred by governments around the world.

The Yellow Medal is up more than 50% this year as investors of flock to the safe hazen asset

amid the new tariff landscape and worries about central bank independence.

Goldman Sachs boosted its price target for gold for the end of next year to 4,900 from 4,300.

Strategists said that the ETF inflows and central bank buying that have fueled the recent rally are sticky,

and risks that the target are still skewed to the upside.

But B of A says a variety of technical signals and conditions warn of an up-trend exhaustion as gold nears 4,000,

and a consolidation or correction can follow in Q4.

And Citadel's Ken Griffin warned that investors are starting to consider gold as a safer asset than the dollar,

calling the trend really concerning.

He added that the U.S. is experiencing fiscal and monetary stimulus, more typical of a recession,

which is stoking markets,

and in turn leading to an economy that's on a bit of a sugar high. Among active stocks, Ford is slumping

following reports about the impact of a fire at a New York plant last month that provides

as much as 40% of the auto industry's aluminum sheet. Ford's F-series pickup is one of the auto

industry's biggest uses of aluminum,

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