#Gold
Last time one saw 3 consecutive up days was on 19 Sep. After 2 days up overnight it's trading lower. We continue to observe weak bounces. A strong USD is also not helping. It is not easy not to be bearish. However.
$SKHY +1.92% to $145.36.
Moves are tied to SK Hynix’s blockbuster quarter and reports of a ~$75B shareholder-return plan, lifting AI-memory names in Asia.
Chip strength also helped push U.S. indexes higher, reinforcing the bid.
$NBIS +11.21% to $170.46.
AI cloud/infrastructure names are catching a bid after reports of new capacity and renewed demand focus, with #Nebius mentioned alongside #CoreWeave and #Oracle.
After a gap-style move, watch for consolidation around $170.
Brazil Stock Index
Bovespa crashing after re-election for the 4th mandate of Pres Lula.
Pretty close to a key horizontal level.
$NBIS -0.27% to $158.74.
Neocloud financing is tightening per the CEO, but management says it has enough to build out its gigawatt plan.
NBIS also lined up $3.5B secured debt from Citi as it shifts away from converts, adding funding clarity but raising leverage focus.









