04 November 2024 – 08:01 Central Euro Time

‘Tis black across the board to start the week for all eight BEGOS Markets, with seven of them at present above today’s Neutral Zones, the sole one within being Gold; volatility already is moderate-to-robust with the StateSide election (Tuesday) and FOMC Policy Statement (Thursday) in the week’s balance. The Gold Update continues pointing to the yellow metal being overvalued near-term, yet undervalued long-term; and our inflation table therein highlights the pickup in the “Fed-Favoured” Core PCE Prices Index. By Market Values, Gold (in real-time) is +99 points above its smooth valuation line. Otherwise, ’tis a fairly light week of incoming metrics for the Econ Baro, beginning today with September’s Factory Orders.