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Spot gold rose above $4,180/oz, up 1.12% intraday.

2026-10-09

Spot gold rose above $4,180/oz, up 1.12% intraday.

Other News
2026-10-08

U.S. wholesale sales rose 1.8% month-on-month in August, revised from 0.80% to 1% in the previous month.

U.S. wholesale sales rose 1.8% month-on-month in August, revised from 0.80% to 1% in the previous month.
2026-10-09

BofA strategist Michael Hartnett says investors are shifting into money-market funds at the fastest pace since the COVID pandemic and that trend is unlikely to reverse near term unless the Fed implements large-scale monetary easing and sustained rate

BofA strategist Michael Hartnett says investors are shifting into money-market funds at the fastest pace since the COVID pandemic and that trend is unlikely to reverse near term unless the Fed implements large-scale monetary easing and sustained rate cuts. Week to Oct. 7: money-market funds net inflows $166.4bln, bond funds $33.8bln, equity funds $12.4bln — both far smaller than MMF flows. Hartnett: If the Fed does not cut, investors will not reduce cash holdings. He sees the US midterm elections as the most likely catalyst for outsized equity volatility in 2027 and, given the current tightening cycle and ongoing tightening of financial conditions, favors a defensive reduction in risk exposure ahead of the midterms.
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