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NIO, Inc. is a holding company which engages in the design, manufacture, and sale of electric vehicles. Its products include the EP9 supercar and ES8 7-seater SUV. It provides users with home charging, power express valet services, and other power solutions including access to public charging, access to power mobile charging trucks, and battery swapping. It also offers other value-added services such as service package, battery payment arrangement, and vehicle financing and license plate registration. The company was founded by Bin Li and Li Hong Qin on November 28, 2014 and is headquartered in Jiading, China.

NIO Inc - ADR

NIO Inc

NIO is trending following impressive vehicle delivery numbers for December and Q4, surpassing expectations and fueling community excitement about its substantial year-over-year growth and nearing a million cumulative deliveries. The stock's undervaluation is a key talking point, with many anticipating future profitability bolstered by extended EV subsidies and the unique battery swap infrastructure, despite ongoing debates about market manipulation.

Dogecoin is a cryptocurrency based on the popular "Doge" Internet meme and features a Shiba Inu on its logo. Dogecoin is a Litecoin fork. Introduced as a "joke currency" on 6 December 2013, Dogecoin quickly developed its own online community and reached a capitalization of US$60 million in January 2014. Compared with other cryptocurrencies, Dogecoin had a fast initial coin production schedule: 100 billion coins were in circulation by mid-2015, with an additional 5.256 billion coins every year thereafter. As of 30 June 2015, the 100 billionth Dogecoin had been mined.   Dogecoin was created by Billy Markus from Portland, Oregon and  Jackson Palmer from Sydney, Australia. Both wanted to create a fun cryptocurrency that will appeal beyond the core Bitcoin audience. Dogecoin is primarily used as a tipping system on Reddit and Twitter where users tip each other for creating or sharing good content. The community is very active in organising fundraising activities for deserving causes.  The developers of Dogecoin haven’t made any major changes to the coin since 2015. This means that Dogecoin could get left behind and is why Shibas are leaving Dogecoin to join more advanced platforms like Ethereum. One of Dogecoin strengths is its relaxed and fun-loving community. However, this is also a weakness because other currencies are way more professional.  To purchase Dogecoin, it involves downloading a crypto wallet, setting up a crypto exchange account and then trading away for your desired crypto currency. Once we have set up an account with a DOGE currency exchange and deposited some funds, you are ready to start trading.

Dogecoin

Dogecoin is trending with mixed community sentiment as the new year unfolds, fueled by widespread speculation regarding its immediate price action. Enthusiasts are vocal about their hopes for a significant rally, anticipating fresh buying interest as year-end tax adjustments conclude. The ongoing conversation reflects both strong community loyalty and debates surrounding its long-term trajectory as a prominent meme coin.

What is Amp?  Amp is described as the new digital collateral token offering instant, verifiable assurances for any kind of value transfer. Using Amp, networks like Flexa can quickly and irreversibly secure transactions for a wide variety of asset-related use cases.  How does Amp work?  Amp claims to offer a straightforward but versatile interface for verifiable collateralization through a system of collateral partitions and collateral managers. Where collateral partitions can be designated to collateralize any account, application, or even transaction, and carry balances which are directly verifiable on the Ethereum blockchain, collateral managers are smart contracts that can lock, release, and redirect collateral in these partitions as needed in order to support value transfer activities. Amp supports a wide variety of use cases for collateralization, and also introduces the concept of predefined partition strategies, which can enable special capabilities such as collateral models through which tokens can be staked without ever leaving their original address.

AMP Token

AMP is trending with a notable price surge, leading to a highly divided community conversation. Many are expressing frustration, calling it a "scam" due to perceived manipulation and past volatility, while others remain optimistic, citing its real-world utility through Flexa partnerships and potential for future institutional adoption, especially with upcoming regulatory clarity.

Intelligent Bio Solutions, Inc. is a medical technology company, which engages in delivering testing solutions. It operates through the Intelligent Fingerprinting Products (IFPG) and Saliva Glucose Biosensor Platform (SGBP) segments. It offers biochemistry, immunology, tumor markers, hormones, and nucleic acid diagnostic modalities. The company was founded on December 5, 2016 and is headquartered in New York, NY.

Intelligent Bio Solutions Inc

Intelligent Bio Solutions (INBS) is trending with massive volume and significant price action following news of a strategic manufacturing partnership to scale production of its fingerprinting drug screening reader. While many in the community are bullish on its low float, anticipating a short squeeze and further gains, strong concerns are rapidly emerging regarding a recently announced private placement at a lower price, sparking fears of significant dilution.

Bonk is a dog-themed memecoin on the Solana blockchain, launched on Christmas Day 2022 to revitalize the Solana community following the FTX collapse. Created by an anonymous team of 22 Solana developers and builders, Bonk distributed 50% of its total 100 trillion token supply via airdrop to community members including NFT collectors, developers, and artists.   The project positions itself as "the first Solana dog coin for the people, by the people," explicitly rejecting venture capital backing in favor of grassroots community ownership. What sets Bonk apart from other memecoins is its combination of fair launch mechanics, extensive ecosystem integration, and active deflationary strategy.   Built on Solana, BONK benefits from fast transaction speeds and low fees that make it practical for everyday use. Native products include LetsBonk.fun (a memecoin launchpad that briefly became Solana's market leader in 2025, surpassing Pump.fun with over 78% market share), BonkSwap (a decentralized exchange) and BonkBot (a Telegram trading bot with built-in burn mechanics).   BONK is available across 10 blockchain networks and listed on major exchanges including Binance, Coinbase, Kraken, and Robinhood. Governance is handled by BonkDAO, which holds 15% of the token supply and makes decisions through on-chain voting.   The community has organized several major burn events, most notably the December 2024 BURNmas campaign that destroyed 1.69 trillion tokens worth over $50 million. In September 2025, Nasdaq-listed Safety Shot, Inc. formed BONK Holdings LLC and acquired over 2.5% of the circulating supply (valued at $55-63 million), making BONK one of the first memecoins to attract formal corporate treasury adoption. Core contributor Nom was appointed to Safety Shot's board, and the company holds a 10% revenue share in LetsBonk.fun.  As with all memecoins, BONK is a highly speculative asset with substantial volatility. Its value is primarily driven by community sentiment, social media momentum, and meme culture rather than traditional utility.   The anonymous team, while common in the memecoin space, means investors should exercise appropriate caution. Despite these risks, Bonk has established itself as one of the most successful community-driven tokens in the Solana ecosystem, approaching 1 million unique holders and expanding from a simple memecoin into meaningful DeFi infrastructure.

BONK

BONK is trending amid significant community discussion around strategic moves to enhance its utility and institutional presence, particularly with the launch of Europe's first ETP. The community also eagerly anticipates a substantial token burn as it approaches a key holder milestone, fueling mixed sentiment and speculation about a potential rally within the Solana ecosystem.

Infinite Money Glitch ($IMG) is revolutionizing DeFi on Solana by leveraging the Token2022 program's advanced tax extension capabilities to create a truly innovative reward system for token holders.  At its core, $IMG implements a seamless 5% tax on all transactions - whether buying, selling, or transferring tokens. This tax is automatically collected and distributed to holders in SOL, creating a sustainable passive income stream for the community. 4.5% of the tax gets sent to holders, while .5% gets sent to an Infrastructure wallet to help with development, marketing and general infrastructure.  What sets $IMG apart is its implementation of Solana's Token2022 program, enabling automated and efficient reward distribution without relying on external smart contracts.

Infinite Money Glitch

IMG CRYPTO is trending due to its "Infinite Money Glitch" protocol, which consistently distributes passive Solana rewards to holders, cultivating a highly dedicated and resilient community. Despite recent chart movements, a strong bullish sentiment persists, fueled by anticipation for upcoming LP rewards, the imminent launch of real-time audit technology, and its ambitious aim to integrate with major gaming economies.

Shiba Inu (SHIB) is a meme token which began as a fun currency and has now transformed into a decentralized ecosystem. During the initial launch, 50% of the supply was allocated into Vitalik Buterin's ethereum wallet.   As a result of that, Vitalik proceeded to donate 10% of his SHIB holdings to a COVID-19 relief effort in India and the remaining 40% is burnt forever. That donation was worth about $1 billion at that time, which makes it one of the largest donation ever in the world.  What is the Shiba Inu community working on right now? The Shiba Inu team launched a decentralized exchange called Shibaswap with 2 new tokens, LEASH and BONE. LEASH is a scarce supply token that is used to offer incentives on Shibaswap. BONE is the governance token for holders to vote on proposals on Doggy DAO.

Shiba Inu

Shiba Inu is currently trending amidst notable price weakness, with community sentiment sharply divided between staunch bearish views labeling it a "scam" and confident calls to "buy the dip" at multi-year lows. Many users express frustration over its prolonged decline, while a dedicated segment highlights long-term conviction and anticipates a significant rebound. This polarization is amplified by broader meme coin market dynamics, including recent selling pressure from activities like year-end tax loss harvesting.

XPeng, Inc. engages in the design, development, manufacture, and marketing of smart electric vehicles. Its products are environmentally friendly vehicles, namely an SUV (the G3) and a four-door sports sedan (the P7). It also provides a range of services to the clients, including supercharging service, maintenance service, ride-hailing service and vehicle leasing service. The company was founded by Xiao Peng He, Heng Xia, and Tao He in 2015 and is headquartered in Guangzhou, China.

XPeng Inc - ADR

XPeng is actively trending due to its Q3 earnings, significant advancements in AI and humanoid robotics, and strong pre-order demand for its new X9 EREV hybrid. Community sentiment is divided, with many citing undervaluation and global expansion as key bullish drivers, while others point to frustrating price drops and perceived market manipulation in the Chinese EV sector. Attention remains on upcoming delivery figures and the company's path to sustained profitability amidst new EV incentives.

Li Auto, Inc. engages in the design, development, manufacture, and sale of premium smart electric vehicles. Its products include Li MEGA, a high-tech flagship family MPV, Li L9, a six-seat flagship family SUV, and Li L8, a six-seat premium family SUV, and Li L7, a five-seat flagship family SUV. The firm also offers in-house development efforts on its proprietary range extension system, next-generation electric vehicle technology, and smart vehicle solutions. The company was founded by Xiang Li in April 2015 and is headquartered in Beijing, China.

Li Auto Inc - ADR

Li Auto is seeing significant discussion following an unexpected Q3 loss and a cautious Q4 delivery outlook, which has fueled mixed sentiment within the investor community. Despite these challenges, the launch of the company's new AI-powered smart glasses is generating buzz, while renewed government subsidies for electric vehicles are providing a sector-wide tailwind, influencing views on Li Auto's new i6 SUV and broader market position.

Redwire Corp. manufactures and supplies space equipment. It offers critical space solutions and reliability components for the next generation space economy with IP for solar power generation and in-space 3D printing and manufacturing. It assists its customers in solving challenges of future space missions. The company was founded in 2020 and is headquartered in Jacksonville, FL.

Redwire Corporation

Redwire Corp

Redwire is generating buzz following a new contract to supply docking systems for a European spacecraft and analyst initiations highlighting its robust potential across space infrastructure and defense autonomous systems. The community is actively debating the stock's significant short interest and perceived undervaluation, with many anticipating a substantial rally driven by future defense contracts and a booming space sector outlook.

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<ul class="summary-bullets"><li>On Friday, Federal Reserve President John Williams reportedly indicated that a third rate cut could still be on the table this year.</li><li>The Dollar index held above 100 on Monday, trading near its six-month high set on Friday.</li><li>SPDR Gold Shares ETF (GLD) was up 0.22% at $375.10 on Monday.</li></ul>&nbsp;Spot gold prices firmed up on Monday after declining for the past two sessions, with the XAU/USD pair up 0.45% at $4,084.24 per ounce.Spot gold has gained around 55% so far this year. U.S. gold futures for December delivery traded marginally lower at $4,078.10 per ounce.Gold prices rose amid rising expectations of a rate cut next month, offsetting the drag from a stronger U.S. dollar. The DXY held above 100 on Monday, trading near its six-month high set on Friday.Last week, John Williams, President and CEO of the Federal Reserve Bank of New York, reportedly indicated that a third rate cut could still be on the table this year. He noted that weakening labor market conditions now pose a greater economic risk than rising inflation, suggesting the Fed may need to reduce its key interest rate.According to data from the CME FedWatch tool, there is a 75.7% probability of a 25-basis-point rate cut at the December 10 meeting. A week back, the figure stood at 42.4%.&nbsp;Last week, the Bureau of Labor Statistics (BLS) <a href="https://stocktwits.com/news-articles/markets/equity/bls-september-jobs-report/cLPA1qDREa7">released</a> the delayed September jobs report, showing that the U.S. economy added more jobs than expected. However, the unemployment rate in September climbed to a four-year high of 4.4%, the highest since October 2021.<h2 class="st-heading-2">Brokerages Remain Bullish</h2>Last week, UBS <a href="https://stocktwits.com/news-articles/markets/equity/ubs-hikes-gold-price-forecast-again-expects-4-900-peak-by-mid-2026-report/cLPAilzRE9C">raised</a> its mid-2026 upside target for gold to $4,900 per ounce from $4,700, with the firm arguing that the fundamentals driving this year’s surge remain firmly in place heading into 2026. UBS said that the key macro drivers, including further Federal Reserve rate cuts, lower real yields, and geopolitical tension, should continue to support demand.&nbsp;UBS’ view echoes recent bullish commentary from Goldman Sachs, which also sees gold hitting $4,900 by the end of 2026.<h2 class="st-heading-2">How Did Stocktwits Users React?</h2><a href="https://stocktwits.com/symbol/GLD">SPDR Gold Shares ETF</a> (GLD) was up 0.22% at $375.10 on Monday. Retail Sentiment on Stocktwits for GLD has remained in the ‘bearish’ territory over the past 24 hours.Retail sentiment on <a href="https://stocktwits.com/symbol/IAU">iShares Gold Trust</a> (IAU) turned 'bearish' from 'neutral' a day earlier.Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/why-is-dgnx-stock-rising-premarket-today/cL5b7RnREQ5">Why Is DGNX Stock Rising Premarket Today?</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

A fine gold bar with the number 999.99 on it.

Spot Gold On Track To Snap 2-Day Loss On Rate Cut Hopes

Spot gold rose despite a strong dollar after dovish U.S. Fed comments on Friday.

Equity

<ul class="summary-bullets"><li>Gold has been on a phenomenal run this year, rising over 55%.</li><li>UBS said that macro drivers, including Federal Reserve rate cuts, lower real yields, and geopolitical tension, should continue to support demand.</li><li>Earlier this week, Goldman Sachs said that it expects gold to reach $4,900 by the end of 2026.</li></ul>&nbsp;&nbsp;Gold's relentless 55% rally this year seems far from over, according to UBS, which has raised its mid-2026 upside target for the metal to $4,900 per ounce.UBS believes that the macro forces that powered it to record highs should keep the safe-haven demand strong into 2026.Although gold has eased about 7% from last month’s record high of $4,381.6 per ounce, brokerages remain optimistic, continuing to lift their upside price forecasts.<figure class="image"><a class="st-link-external" href="https://in.tradingview.com/chart/teA7VKVN/?symbol=OANDA%3AXAUUSD" target="_blank" rel="noopener noreferrer nofollow"><img style="aspect-ratio:1306/862;" src="https://news.stocktwits-cdn.com/XAUUSD_png_e03bb6310d.webp" alt="XAUUSD.png" width="1306" height="862"></a><figcaption>XAUUSD Gold Spot Prices in October and November 2025 | Source: TradingView</figcaption></figure><h2 class="st-heading-2">UBS Raises Mid-Year 2026 Prices Forecast</h2>On Thursday, UBS raised its upside price target to $4,900 per ounce from $4,700, with the bank arguing that the fundamentals driving this year’s surge remain firmly in place heading into 2026, according to a report by investing.com.The investment bank continues to rate the metal as ‘attractive’, maintains long exposure in its global asset allocation, and says gold “remains an effective portfolio hedge even at current levels.”<h2 class="st-heading-2">What’s Driving The Target Hike?</h2>UBS analysts, led by strategist Wayne Gordon, said the recent consolidation has not altered the outlook and now expect prices to reach $4,500 per ounce by mid-2026, up from a previous forecast of $4,200 per ounce. The bank has maintained its downside case at $3,700 per ounce, the report read.UBS said that the key macro drivers, including further Federal Reserve rate cuts, lower real yields, and geopolitical tension, should continue to support demand. The analysts also highlight growing political noise ahead of the U.S. midterm elections, which could spur additional safe-haven buying.They expect prices to consolidate near $4,300 following political events in late 2026, but see scope to reach the new $4,900 upside case if global political and financial risks intensify.UBS’s view echoes recent bullish commentary from Goldman Sachs, which also sees gold hitting $4,900 by the end of 2026 with further upside if investors continue diversifying their portfolios.<h2 class="st-heading-2">How Have The ETFs Performed?</h2>Since the start of the year, SPDR Gold Shares ETF (GLD) has gained 53.5%, iShares Gold Trust (IAU) and VanEck Merk Gold Trust (OUNZ) have both climbed 53.7%, while&nbsp;abrdn&nbsp;Physical Gold Shares ETF (SGOL) and Goldman Sachs Physical Gold ETF Trust (AAAU) have risen 53.8%.<figure class="image"><a class="st-link-external" href="https://www.datawrapper.de/_/CgYnc/" target="_blank" rel="noopener noreferrer nofollow"><img style="aspect-ratio:1240/630;" src="https://news.stocktwits-cdn.com/Cg_Ync_gold_etfs_gains_in_2025_png_455c3757e5.webp" alt="CgYnc-gold-etfs-gains-in-2025-.png" width="1240" height="630"></a><figcaption>Gold ETFs Gains in 2025</figcaption></figure>&nbsp;Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/dow-futures-rise-nvidia-earnings-beat/cLPAWVDRE9A">Dow Futures Rise As Investors Cheer Nvidia’s Earnings Beat: NVDA, AMD, GOOGL, WMT Among Stocks To Watch</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

UBS Hikes Gold Price Forecast Again, Expects $4,900 Peak By Mid-2026: Report 

UBS lifted its upside target to $4,900 from $4,700, saying the factors behind this year’s rally should continue into 2026, according to a report by investing.com.

Gold prices were headed for their best monthly gain in 16 years on growing concerns over a U.S. government shutdown and optimism surrounding a potential rate cut by the U.S. Federal Reserve.Spot gold prices rose 1% to $3,871.72 per ounce, another fresh record. Retail sentiment on Stocktwits about <a href="https://stocktwits.com/symbol/GLD">SPDR Gold Shares ETF</a> (GLD) was in the ‘bullish’ territory at the time of writing.Gold’s rally this week has been driven by growing concerns that the U.S. government will shut down by Wednesday unless Congress approves a temporary funding bill. The yellow metal has gained over 12% this month, on track for the most significant gains since November 2009."I think we're headed to a shutdown because the Democrats won't do the right thing," Vice President JD Vance told reporters after a meeting at the White House with senior members of Congress. The Democrats are pushing to keep healthcare subsidies for low and middle-income households in the stopgap funding measure.“While gold appears overbought, the supportive backdrop is likely to limit any correction,” IG Bank analyst Tony Sycamore said, noting the importance of increased safe-haven demand driven by rising geopolitical tensions in Europe, concerns over the Fed’s independence, and robust buying from central banks and private investors.The shutdown could also delay the crucial jobs data due later this week. Another weak employment report could bolster the chances of more rate cuts by the Federal Reserve, which is positive for gold, a commodity denominated in dollars and therefore shares an inverse relationship with the greenback.According to CME Group’s FedWatch tool, traders have priced in a 25-basis-point cut in benchmark interest rates in the Federal Reserve’s next policymaker meeting.“We’re in the early stages of a monetary reset as central banks move off the dollar standard and back to gold. This shift will end U.S. dollar hegemony, raising our interest rates and consumer prices while lowering our standard of living,” economist and famous gold bull Peter Schiff said on X.Also See: <a href="https://stocktwits.com/news-articles/markets/cryptocurrency/bitcoin-ethereum-gain-amid-strong-etf-inflows-despite-us-shutdown-threat/chDDRxNR3Be">Bitcoin, Ethereum Gain Amid Strong ETF Inflows Despite US Shutdown Threat</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

Gold bars of various sizes lie in a safe on a table at the precious metal dealer Pro Aurum. 

Gold Heading Toward Best Month Since 2009 As US Shutdown Threat Looms

An analyst said that while gold appears overbought, the supportive backdrop is likely to limit any correction.

President Donald Trump on Monday dismissed speculation that gold would face tariffs, after the chatter helped push gold futures to a record high last week.“Gold will not be tariffed,” Trump wrote in a <a target="_blank" rel="noopener noreferrer nofollow" href="https://truthsocial.com/@realDonaldTrump/115011325631302905">post</a> on Truth Social. The post comes after the White House said that an executive order would be issued to clarify any “misinformation” around the tariff on gold bars and other other products on Friday.However, no formal policy had yet been posted by U.S. agencies or by the White House as of Monday afternoon. &nbsp;<figure class="image"><a href="https://truthsocial.com/@realDonaldTrump/115011325631302905" target="_blank" rel="noopener noreferrer nofollow"><img style="aspect-ratio:1080/495;" src="https://news.stocktwits-cdn.com/Screenshot_2025_08_11_23_10_26_92_cde5c65545eefd12266f03d3caad4d92_jpg_5304c0481f.webp" alt="Screenshot_2025-08-11-23-10-26-92_cde5c65545eefd12266f03d3caad4d92.jpg" width="1080" height="495"></a><figcaption>Source: @realDonaldTrump/TruthSocial</figcaption></figure>Confusion ensued last week after the Financial Times&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.ft.com/content/78be1315-608d-43c6-b8e7-80b9e18c5ce7">reported</a> that documents from the U.S. Customs and Border Protection agency said one-kilo and 100-ounce gold bars should be classified under a customs code subject to levies. Following the report, gold futures hit a&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/gold-futures-hit-record-high-as-us-plans-tariffs-for-gold-bars/chrnOuBRdEr">record high</a> of $3,534 on Friday.&nbsp;On Monday, gold futures fell more than 2.4% in afternoon trade, and spot&nbsp;<a href="http://stocktwits.com/symbol/XAUUSD">gold prices</a> were down 1.2%. The&nbsp;<a href="http://stocktwits.com/symbol/GLD">SPDR Gold Trust (GLD)</a> also dropped 1.26%. On Stocktwits, retail sentiment around&nbsp;XAU/USD fell to ‘bearish’ from ‘bullish’ territory a week ago.If the Customs and Border Protection ruling had stayed in place, it would have resulted in far-reaching implications for the precious metal around the world. Gold’s role as a financial asset and global currency makes it markedly different from other commodities, such as copper, that have been impacted by Trump’s tariffs.Gold has had a volatile run this year as demand for the safe-haven asset has ebbed and flowed with Trump’s tariff announcements. Gold prices have gained 27% in 2025 and more than 38% over the past 12 months.Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/trump-declares-liberation-day-in-dc-pushes-takeover-of-city-police/chrHGOoRdee">Trump Declares ‘Liberation Day’ in DC, Pushes Takeover Of City Police</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

U.S. President Donald Trump shouts answers to questions from reporters as he tours the roof of the West Wing of the White House on August 05, 2025, in Washington, DC. 

Trump Announces ‘Gold Will Not Be Tariffed’ – Bullion Prices Remain Down

The President said in a post on Truth Social that the precious metal will not be subjected to tariffs.

The White House is reportedly planning to issue an executive order to clear up any confusion around tariffs on gold bars after futures linked to the precious metal hit a record high on Friday.“The White House intends to issue an executive order in the near future clarifying misinformation about the tariffing of gold bars and other specialty products,” a White House official&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.ft.com/content/c2868087-9951-4f04-818f-5082437f603a">told</a> the Financial Times.The update comes after the publication cited&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.ft.com/content/78be1315-608d-43c6-b8e7-80b9e18c5ce7">documents</a> on Thursday from the Customs and Border Protection agency, which said&nbsp;one-kilo and 100-ounce gold bars should be classified under a customs code subject to levies. One-kilo bars are the most common form of gold traded on Comex and would deal another blow to Switzerland.&nbsp;On Friday, gold futures hit a&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/gold-futures-hit-record-high-as-us-plans-tariffs-for-gold-bars/chrnOuBRdEr">record high</a> of $3,534 before paring off some of the gains. Gold futures were trading 0.3% higher at the time of writing, at around $3,463. Spot&nbsp;<a href="http://stocktwits.com/symbol/XAUUSD">gold prices</a>, on the other hand, edged 0.01% lower in afternoon trade.The&nbsp;<a href="http://stocktwits.com/symbol/GLD">SPDR Gold Trust</a> (GLD) fell 0.15% while retail sentiment on Stocktwits remained in ‘bullish’ territory over the past day.&nbsp;The decision to classify gold bars as subject to tariffs was a surprise to most market watchers, who had expected that gold bars would be exempt from President Donald Trump’s newly announced tariffs, according to the report. When Trump’s “Liberation Day” tariffs were initially announced, several commodities were exempt, including a bullion category widely believed to cover large gold bars.Gold has been rallying this year, up nearly 30% so far. The decline of the U.S. dollar, inflation concerns, and rising government debt levels have contributed to its uptick.Read also:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/gold-futures-hit-record-high-as-us-plans-tariffs-for-gold-bars/chrnOuBRdEr">Gold Futures Hit Record High As US Reportedly Plans Tariffs For Gold Bars</a>For updates and corrections, email newsroom[at]stocktwits[dot]com.

500 gram gold bar is seen in a gold shop window on April 17, 2025 in Istanbul, Turkey. 

White House Plans Gold Bar Tariff Clarification After Confusion Sends Gold Soaring: Report 

According to the Financial Times, the White House is planning on issuing an executive order to clarify any “misinformation” around tariffs on gold bars.

Gold futures rose to a record on Wednesday as the uncertainty over the outcome of the 2024 presidential election continues.&nbsp;The precious metal, however, came under some selling pressure in Thursday’s session amid the release of inflation data that casts a cloud on aggressive rate cuts by the Federal Reserve.Notwithstanding the pullback, gold futures have soared nearly 35% for the year-to-date period, outperforming the 23% gain for the SPDR S&amp;P 500 ETF Trust ($SPY), an exchange-traded fund that tracks the performance of the S&amp;P 500 Index.What’s Driving Gold RallyThe imminent U.S. election is seen as a key risk event that is driving the safe-haven gold higher. Nationwide opinion polls have all been unanimous in projecting a close election, with the lead in most cases coming within the margin of error of the survey.&nbsp;The&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://today.yougov.com/politics/articles/50839-harris-small-lead-over-trump-trust-in-elections-halloween-october-26-29-2024-economist-yougov-poll">results</a> of the Economist/YouGov survey released Wednesday showed Vice President Kamala Harris ahead of her rival Donald Trump by a point among registered voters and by two points among likely voters. This is well within the survey’s margin of error of +/- 3.4% for registered voters.Saxo Bank Head Of Commodity Strategy Ole Hansen&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://www.home.saxo/content/articles/commodities/will-the-us-election-result-spark-a-gold-correction-30102024">said&nbsp;</a>in a post on Wednesday that rate cuts by the Fed and other central banks are reducing the cost of holding non-interest-bearing assets like gold and silver.“The latest strength is increasingly being seen as a hedge against a potential ‘Red Sweep’ at the 5 November US election, where one political party, in this case, the Republicans, controls both the White House and Congress,” the strategist said.This has pushed up bond yields amid concerns about excessive government spending, likely pushing up the debt-to-GDP ratio higher, and potential reignition of inflationary pressure through tariffs on imports, Hansen said.Following Thursday’s hotter-than-expected inflation data,&nbsp; gold bull and economist Peter Schiff&nbsp;<a target="_blank" rel="noopener noreferrer nofollow" href="https://x.com/PeterSchiff/status/1851981708431630573">said</a> instead of selling gold in the wake of the data, investors should be buying it. “Inflation will get a lot hotter than this but the Fed will not take action to fight it. This is extremely bullish for gold,” he said.Against the backdrop, here’s a look at how gold performed in the first year of the presidency of the Republican Trump in 2017 and that of Democrat Joe Biden in 2021.&nbsp;Gold Under TrumpGold futures finished higher during the first year of Trump's presidency. The yellow metal had pulled back sharply ahead of the Nov. 8, 2016 election and barring a sharp spike a day after the election, it declined through mid-Dec. 2016.In 2017, gold saw intermittent rallies and pullbacks. Peaking above the $1,360 level in mid-September, it gave back some of its gains and yet finished the year about 14% higher.<figure class="image"><img style="aspect-ratio:1920/1080;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/gold_png_trump_ac694d63ab.png" alt="gold-png-trump.png" width="1920" height="1080"><figcaption>Chart Courtesy of TradingView</figcaption></figure>Gold Under BidenWhen Biden emerged victorious in the election held on Nov. 3, 2020, gold did not have as good a run as under his predecessor. It was a broader downtrend ahead of the election and the continuation of the trend until March 2021.&nbsp;Although the yellow metal staged a recovery, the rally proved short-lived. Gold futures peaked in early June before pulling back. Subsequently, it was locked in a broader consolidation phase.Gold ended 2021 down about 3.6%.<figure class="image"><img style="aspect-ratio:1920/1080;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/gold_biden_e97ed921fb.png" alt="gold-biden.png" width="1920" height="1080"><figcaption>Chart Courtesy of TradingView</figcaption></figure>The comparisons may not always be apples-to-apples as the two past presidents have had to contend with entirely different sets of conditions and challenges during their times at office. Biden took over from Trump an economy that was limping back to normalcy after a pandemic that impacted consumers, businesses and economies world over.&nbsp;As of 1:24 pm, the&nbsp;SPDR Gold Shares ($GLD) fell 1.66% to $253.22.A few in the retail crowd recommended buying the precious metals, citing imminent economic and geopolitical risks.<stembedurl>https://stocktwits.com/geffaxp/message/590754590</stembedurl>Others see gold spiking at least until the election and expect it to get a further boost from Fed rate cuts.<stembedurl>https://stocktwits.com/TheSaint229/message/590606561</stembedurl>Read Next:&nbsp;<a href="https://stocktwits.com/news-articles/markets/equity/tmtg-core-civic-humana-stocks-poised-for-gains-with-trump-victory-retail-sentiment-mixed/cJ2urOCRJp">TMTG, CoreCivic, Humana Stocks Poised For Gains With Trump Victory: Retail Sentiment Mixed</a>For updates and corrections email <a target="_blank" rel="noopener noreferrer nofollow" href="mailto:newsroom@stocktwits.com">newsroom@stocktwits.com</a>&nbsp;

gold futures have pulled back from all-time highs after PCE data.

Gold Glitters In Run-up To 2024 Presidential Election: Here’s How Yellow Metal Fared In First Year Of Trump, Biden Tenures

The latest strength in gold is increasingly being seen as a hedge against a potential ‘Red Sweep’ at the 5 November US election, a strategist says.

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