Gold Plunges 6% as Stocks Mixed

Risk rotation hit safe havens while megacaps steadied equities. Shutdown drag lingers as Treasury supply and central-bank signals take focus.

TL;DR:

• 🪙 Gold plunges 6% on risk shift
• 🍎 Apple hits all-time high
• 🏛️ U.S. shutdown enters third week
• 🏦 20-year auction and Riksbank speech ahead

Gold Plunges 6% on Risk Shift

Gold tumbled 6%, its sharpest one-day drop since 2020, as risk appetite improved and safe‑haven demand unwound. U.S. stocks finished mixed, reflecting a rotation beneath the surface rather than broad capitulation. The move reset positioning into a busy week for earnings and macro catalysts. Source

Apple Hits All-Time High

Apple rose 3.9% to a record high, boosting market sentiment and offsetting weakness elsewhere. The rally reinforced mega-cap leadership and optimism around consumer demand and upcoming earnings. Traders leaned into large-cap tech as a defensive growth play. Source

U.S. Shutdown Enters Third Week

The federal government shutdown, in place since October 1, extended into a third week, curbing agency operations and delaying some data releases. Policy uncertainty is a headwind for risk, with investors focusing on liquidity and corporate guidance in the interim. Any resolution could shift rate expectations and sector leadership quickly. Source

20-Year Auction and Riksbank Speech Ahead

The U.S. Treasury’s 20-year note auction today will test demand for duration and could sway yields and curve shape. Later, Riksbank Governor Erik Thedéen speaks at 16:00 GMT on the economy, payments, and financial stability—potentially moving SEK and regional rates. Stay nimble around headlines and bid metrics. Source Source