Gold sinks
Wall Street Breakfast
Seeking Alpha
4.1 • 1K Ratings
🗓️ 26 November 2024
⏱️ 6 minutes
🧾️ Download transcript
Summary
Episode transcripts: seekingalpha.com/wsb
Show links:
Gold sinks by most in four years as Israel-Hezbollah ceasefire nears
Trump prepares broad energy plan to boost gas exports - report
Black Friday Sale: 20% Off Seeking Alpha. Find the right investment tools to reach your goals!
Transcript
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| 0:00.0 | Good morning. Today is Tuesday, November 26th. I'm Rina Sherbel, filling in for the incomparable Julie Morgan. |
| 0:18.1 | Our top stories today, Dow outshined NASDAQ and SMP, crude oil and gold sink, |
| 0:25.2 | and Trump preparing broad energy plan. Wall Street's major averages finished Monday on a positive note |
| 0:32.7 | where the Dow outshined both the NASDAQ and benchmark S&P 500. At the conclusion of the trading session, |
| 0:39.2 | the Dow ended on top, also closing in the green was the S&P 500 as it climbed 0.3%, and the NASDAQ finished |
| 0:46.4 | the day higher as it picked up 0.27%. U.S. Treasury yields observed a move lower to start the week |
| 0:53.2 | as two-year treasure yields fell, as did the U.S. 10 year. Se move lower to start the week as two-year treasury yields fell, |
| 0:55.3 | as did the U.S. 10-year. Seeking Alpha's Ahan Vashi of the quantum mental investors stated, |
| 1:00.7 | despite treasury bonds catching a bid after the nomination for U.S. Treasury Secretary, |
| 1:05.2 | the broad equity market only managed to register a minor gain in Monday session. |
| 1:10.6 | Front month gold futures fell Monday in |
| 1:12.4 | the largest one day declined by dollar amount since November 2020, as news of a potential |
| 1:17.5 | ceasefire agreement between Israel and Hezbollah and Lebanon further undermined safe haven |
| 1:22.1 | demand for the medal, as well as President-elect Trump's selection of his new secretary of the |
| 1:27.1 | Treasury. The drop stopped |
| 1:28.8 | a five-session winning streak. Stone ex-analyst Fawad Razakzada said between falling safe haven |
| 1:35.2 | demand and a hawkish repricing of U.S. interest rate cut expectations, gold's short-term outlook |
| 1:41.2 | has turned moderately bearish. Even so, gold could still potentially rise |
| 1:46.3 | to 3,000 an ounce in the slightly longer term. Crude oil futures fell sharply Monday as news |
| 1:53.0 | grew of a ceasefire deal between Israel and Hezbollah, which would lower the risk of a broader |
| 1:58.1 | Middle East war that could impact global oil supplies. UBS wrote in a note, it seems the news of a broader Middle East war that could impact global oil supplies. |
| 2:01.9 | UBS wrote in a note, it seems the news of a ceasefire between Israel and Lebanon is behind the |
... |
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