[Financial Recap] Below $4,000: Gold’s Sharp Fall Erases Summer Gains, Stirring Concern Over Unusual Price Action!

Gold is again breaking with typical market behaviour. Neither US dollar weakness nor declining Treasury yields has provided support. Precious metals may now be affected by a wave of position liquidation set off by the sell-off in AI and technology stocks.

Amazon Amasses Nvidia Chips While Awaiting Power Supply!

Amazon is spending billions of dollars on Nvidia graphics processing units. This marks a fundamental overhaul of its hardware procurement strategy: the chips are being secured before its data centres have enough power to operate them.

22 October 2026: TMGM Daily Market Breakfast

WTI crude rose above $99. The advance followed attacks on Saudi Arabia, with Brent trading above $110 a barrel as Iran warned of a broader response against U.S. bases. A shift towards calibrated tightening and a 25-basis-point repo-rate increase emerged from the RBI’s October minutes. Policymakers pointed to inflationary pressures and robust growth. Ahead of the RBA’s 3 November policy meeting, Deputy Governor Andrew Hauser cautioned that underlying inflation for the third quarter could be higher than expected. Inflation in the UK acc...

USD/JPY retreats: AI jitters weigh as next week’s central bank meetings approach

USD/JPY has declined towards 157. Amid the AI sell-off, US dollar weakness has supported the yen, while next week’s key central bank meetings are drawing market attention.

Third-Quarter Earnings Top Forecasts: Meta Platforms Approves New Non-Voting Share Class as AI Spending Rises Further!

Meta Platforms’ third-quarter revenue beat Wall Street expectations. Robust advertising growth drove the result. The company gave an upbeat outlook for the current quarter and unveiled a new non-voting share class to underpin its long-term investment plans.

Gold Bulls’ Rebound Stalls: Markets Seek Direction From Data Amid Fed Rate Hike Risk!

A December Fed rate hike has a 90% probability. Gold continues to trade largely within a range, with a downside bias, as the dollar holds near its lows and capital rotation continues. Wednesday’s rebound from a low of nearly one week was reversed in early Thursday trading, when gold gave up its gains.

【TMGM Financial Recap】Over $20 per Barrel, Versus $3 a Year Ago: Goldman Sachs Highlights Global Crude Shipping Costs, a Key Component of Oil Prices

Average global seaborne crude freight exceeds $20 per barrel, Goldman Sachs reports. The average stood at $3 per barrel a year ago, while Middle Eastern routes now cost $35. Against a pre-conflict level of $210,000, the time charter equivalent rate for VLCCs on the Middle East Gulf–China route hit $1.4126 million per day in the same week.

21 October 2026: TMGM Daily Market Breakfast

France’s 10-year government bond yield rose above 5%. This was the first breach since 2002, with the spread over German Bunds widening to 160 basis points. Persistent Gulf supply concerns and conflicting reports on progress in U.S.-Iran negotiations accompanied WTI crude’s move towards $99 on Wednesday. September UK annual inflation reached 3.5%, up from 3.1% in August and above both market expectations and the Bank of England’s projection. According to RBA Deputy Governor Andrew Hauser, Australia’s inflation...

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