gold - The Latremie Post

Stock futures climb as investors await Supreme Court showdown on Trump tariffs and shareholder vote on Musk’s $1 trillion pay package

Futures tied to the Dow Jones Industrial Average rose 107 points, or 0.22%. S&P 500 futures were up 0.28%, and Nasdaq futures added 0.30%. These gains would extend Friday’s rally.

The yield on the 10-year Treasury fell 1.8 basis points to 4.083%. Meanwhile, the U.S. dollar inched up 0.06% against the euro and 0.16% against the yen. Gold dipped 0.11% to $3,992 per ounce.

In commodity markets, U.S. oil futures rose 0.64% to $61.37 a barrel, while Brent crude climbed 0.62% to $65.17. The gains came as OPEC+ signaled it will pause its production increases next year.

Looking ahead, the Supreme Court is set to hear arguments on Wednesday in a case challenging former President Trump’s authority under the International Emergency Economic Powers Act (IEEPA) to impose so-called reciprocal tariffs related to the fentanyl trade. Lower courts have ruled against Trump, but some trade experts believe there is still a chance the high court could decide in his favor.

On Sunday, Treasury Secretary Scott Bessent expressed optimism about the Supreme Court’s decision, citing China’s strict rare earths export restrictions that threatened various industries and critical technologies. “The president was able to push back using his IEEPA powers,” Bessent told Fox News Sunday. “If that’s not use of an emergency power at an emergency time, I don’t know what it is.”

In corporate news, Tesla shareholders will gather on Thursday for the company’s annual meeting to vote on Elon Musk’s $1 trillion compensation package. Chairwoman Robyn Denholm urged shareholders to support the deal, warning in a letter on Monday that the company risks losing significant value if the deal fails and Musk chooses to step down as CEO.

Denholm emphasized that the historic compensation package is needed to motivate Musk as Tesla pushes further into artificial intelligence, robotics, and autonomous driving. If approved, Musk will gradually receive more than 420 million Tesla shares, contingent upon meeting aggressive growth targets, including delivering 20 million Tesla vehicles and having 1 million robotaxis in commercial operation.

Musk himself told analysts during Tesla’s earnings call last month that the proposal is designed to ensure he cannot be sidelined. “It’s called compensation, but it’s not like I’m going to go spend the money,” he said. “It’s just, if we build this robot army, do I have at least a strong influence over that robot army, not current control, but a strong influence? That’s what it comes down to in a nutshell. I don’t feel comfortable wielding that robot army if I don’t have at least a strong influence.”

Meanwhile, elections in New York City, New Jersey, and Virginia could shift the political narrative in Washington, D.C., where lawmakers remain deadlocked over the government shutdown. The election outcomes could motivate one party to reach a deal sooner rather than later, paving the way for federal employees to be paid and benefits to resume.

Reopening the government would also restart the flow of vital economic data. Until then, only private-sector sources will be available, including the Institute for Supply Management’s manufacturing index on Monday, ADP’s monthly payroll report on Wednesday, and ISM’s services index later that same day.
https://fortune.com/2025/11/02/stock-market-today-dow-futures-trump-tariffs-supreme-court-elon-musk-pay-package-tesla-shareholder-vote/

Gold sinks below $4K: What does it mean for Bitcoin price?

**Bitcoin ETFs See $839 Million Inflows While Gold ETFs Lose $4.1 Billion: What’s Next?**

Gold’s shine is fading fast just as its “digital” rival, Bitcoin (BTC), recovers lost ground.

Just a week after reaching a record high above $4,381, gold has retreated by over 10.6%, sinking as low as $3,915 on Thursday—marking its steepest seven-day drop since April. This correction in gold coincides with a nearly 6.7% jump in Bitcoin’s price, highlighting a sharp divergence amid improving trade relations between the US and China.

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### Trade Deal Boosts Risk Appetite

The shift followed Donald Trump’s remarks about an “amazing meeting” with Xi Jinping, during which the two leaders agreed to reduce fentanyl tariffs from 20% to 10%, effective immediately. With risk appetite improving and crypto markets heating up, traders may be rotating away from gold and back into Bitcoin in the months ahead.

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### Bitcoin ETFs Attract $839 Million Amid Gold’s Plunge

US-listed Bitcoin ETFs have absorbed $839 million in net inflows since gold hit its record high on October 20, according to data from Farside Investors. Bitcoin ETF holdings have increased consecutively in the last four sessions, signaling growing investor interest.

In contrast, gold-backed ETFs experienced significant outflows, totaling about 1.064 million ounces (nearly $4.1 billion) since October 22, Bloomberg data shows. This includes the largest one-day withdrawal in over six months on Monday, when investors pulled out 0.448 million ounces of gold exposure.

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### BTC Technicals Indicate Strong Support With Bullish Outlook

Bitcoin’s technical indicators now reveal a strong floor near $101,790, aligning with the 20-week exponential moving average (20-week EMA) and the 1.0 Fibonacci retracement level. Holding above this support confluence increases the chances of Bitcoin reaching $150,000 by the end of the year.

JPMorgan analysts are even more bullish, expecting BTC to hit $165,000 in 2025. They argue that Bitcoin remains undervalued relative to gold, underscoring its growing appeal as a digital store of value.

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### Gold’s Bull Run Remains Intact, Analysts Say

Despite the recent correction, gold is still up around 50% year-to-date, supported by record central-bank purchases, persistent fiscal imbalances, and the ongoing “debasement trade,” where investors seek protection against ballooning government debt and weakening fiat currencies.

Metal trader David Bateman points out that gold’s bull run remains fundamentally intact. Technicals show that gold is still in a bull market correction, holding firm above its 50-day exponential moving average (50-day EMA). Historically, gold has bounced from this support every time in the past two years, leading to rebounds between 4% and 33%.

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### Historical Patterns Suggest Gold Rebound Ahead

Over the past three decades, gold’s 10% corrections have consistently resulted in sharp rebounds within days, indicating these steep dips are more likely short-term bottoms than signs of deeper declines.

Data highlighted by Sabu Trades shows that the previous ten instances of such steep drops all produced positive two-month returns, averaging an 8.3% recovery. If this pattern holds, gold could revisit the $4,200-$4,250 zone by December, effectively retesting its record highs and reaffirming the metal’s broader uptrend.

Looking further ahead, gold could reach HSBC’s $5,000 target in 2026, as long as it maintains support above the 50-day EMA.

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**Disclaimer:** This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
https://cointelegraph.com/news/gold-below-4k-what-does-it-mean-for-bitcoin-price?utm_source=rss_feed&utm_medium=editors_pick_rss&utm_campaign=rss_partner_inbound

Indore Commodities Buzz Of September 20: Price Of Gold, Silver And Pulses– All You Need To Know

**Market Rates Update – September 20, 2025 (Saturday)**

**Chana**
– Indore Chana: Rs 5,950 per quintal

**Toor**
– Maharashtra: Rs 6,600 – Rs 6,700 per quintal
– Karnataka: Rs 6,700 – Rs 6,800 per quintal
– Nimari: Rs 6,000 – Rs 6,500 per quintal

**Moong**
– Best Quality: Rs 8,100 – Rs 8,300 per quintal
– Average Quality: Rs 6,500 – Rs 6,700 per quintal

**Urad**
– Best Quality: Rs 7,200 – Rs 7,500 per quintal
– Medium Quality: Rs 6,200 – Rs 6,700 per quintal
– Light Quality: Rs 3,000 – Rs 5,000 per quintal

**Mustard**
– Nimari Mustard: Rs 7,000 – Rs 7,100 per quintal

**Raida**
– Rs 6,600 per quintal

**Soyabean**
– Best Quality: Rs 4,400 per quintal

**Precious Metals**
– Gold (24K): Rs 105,000 per 10 grams
– Silver: Rs 1,43,000 per kilogram

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*For related updates, read also: [Madhya Pradesh July 23 Weather Update: State Braces For Heavy Rain; Orange Alert In 10 Districts]*
https://www.freepressjournal.in/topnews/indore-commodities-buzz-of-september-20-price-of-gold-silver-and-pulses-all-you-need-to-know

Indore Commodities Buzz Of September 20: Price Of Gold, Silver And Pulses– All You Need To Know

**Market Rates Update – September 20, 2025 (Saturday)**

Here is the latest update on commodity rates per quintal across various regions:

**Chana (Indore)**
– Rs 5,950

**Toor**
– Maharashtra: Rs 6,600 – Rs 6,700
– Karnataka: Rs 6,700 – Rs 6,800
– Nimari: Rs 6,000 – Rs 6,500

**Moong**
– Best Quality: Rs 8,100 – Rs 8,300
– Average Quality: Rs 6,500 – Rs 6,700

**Urad**
– Best Quality: Rs 7,200 – Rs 7,500
– Medium Quality: Rs 6,200 – Rs 6,700
– Light Quality: Rs 3,000 – Rs 5,000

**Mustard (Nimari)**
– Rs 7,000 – Rs 7,100

**Raida**
– Rs 6,600

**Soyabean**
– Best Quality: Rs 4,400

**Precious Metals**
– Gold (24K): Rs 105,000 per 10 grams
– Silver: Rs 1,43,000 per kilogram

*Stay tuned for more updates on commodity prices and market trends.*

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**Related Read:**
*Madhya Pradesh July 23 Weather Update: State Braces For Heavy Rain; Orange Alert In 10 Districts*
https://www.freepressjournal.in/topnews/indore-commodities-buzz-of-september-20-price-of-gold-silver-and-pulses-all-you-need-to-know