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

Good afternoon, today is Monday, November 27th, and I'm your host, Kim Khan. Our top story so far.

Gold prices are topping $2,000 per ounce, hitting a six-week high as traders continue to bet on

Fed rate cuts.

Kim Kramer Larson, technical strategist at Saxton Bank, said the charts predict to run to 2039,

but there is room to run to all-time highs between 2070 and 2078.

He says a close below 1965 will demolish the current bullish picture, and a close below

1930 will reverse the trend.

Last week, Gold saw inflows of $700 billion, the biggest weekly number since May.

UBS said in its 2024 forecast, the Gold can be an effective hedge against rising geopolitical tensions.

In today's trading, stocks are slightly lower, but the bomb market is more active, as is the

style at this time. A ten-year yield is back down closer to 4.4%

after some soft housing numbers. October new home sales fell 5.6% to an annual

rate of 679, below the consensus for 721,000 and a downwardly

to revise 719,000 in September.

The median sales price of new houses sold last month was around

$409,000 down from $418,000 in August. Pantheon macros Curin Clancy

says while the numbers are volatile, it shows clearly that the trend is

flattening.

Among active stocks, Shopify announced that it set a Black Friday record with a combined 4.1 billion dollars in sales

from businesses worldwide. The e-commerce giant said its merchants drove a

22% increase in sales over last year, with shopping reaching a peak when collective

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