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Intel Corp. engages in the design, manufacture, and sale of computer products and technologies. It delivers computer, networking, data storage, and communications platforms. The firm operates through the following segments: Client Computing Group (CCG), Data Center and AI (DCAI), Network and Edge (NEX), Mobileye, Accelerated Computing Systems and Graphics (AXG), Intel Foundry Services (IFS), and All Other. The CCG segment consists of platforms designed for notebooks, 2-in-1 systems, desktops, tablets, phones, wireless and wired connectivity products, and mobile communication components. The DCAI segment delivers solutions to cloud service providers and enterprise customers, along with silicon devices for communications service providers and high-performance computing customers. The NEX segment offers computing system solutions from inflexible fixed-function hardware to general-purpose compute, acceleration, and networking devices running cloud native software on programmable hardware. The Mobileye segment develops driving assistance and self-driving solutions. The AXG segment provides products and technologies designed to help customers solve the toughest computational problems. Its products include CPUs for high-performance computing and GPUs targeted for a range of workloads and platforms, from gaming and content creation on client devices to delivering media and gaming in the cloud, and the most demanding high-performance computing and AI workloads on supercomputers. The IFS segment refers to full stack solutions created from the foundry industry ecosystem. The All Other segment represents results from other non-reportable segments and corporate-related charges. The company was founded by Robert Norton Noyce and Gordon Earle Moore on July 18, 1968 and is headquartered in Santa Clara, CA.

Intel Corp.

Intel Corp

Intel is heavily trending down after its recent earnings report, with weak forward guidance and ongoing supply constraints overshadowing a Q4 beat. The sharp decline has ignited fierce debate, as some investors are aggressively shorting while others are buying the dip, citing its strategic national importance and potential for future foundry growth amidst heavy government investment.

DraftKings, Inc. is a digital sports entertainment and gaming company, which engages in the provision of online sports betting, online casino, daily fantasy sports product offerings, DraftKings Marketplace, retail sportsbook, media, and other consumer product offerings. The company was founded by Jason D. Robins, Matthew Kalish, and Paul Liberman on December 31, 2011 and is headquartered in Boston, MA.

DraftKings Inc. - Ordinary Shares - Class A

DraftKings Inc

DraftKings is trending amidst regulatory uncertainty, as the NCAA pushes for a federal halt on college sports betting while competition from prediction markets intensifies. The community is sharply divided, with many expressing frustration over the stock's performance and the perceived threat, while others view current levels as a buying opportunity, particularly following a Massachusetts ruling against a prediction market's sports offerings.

GameStop Corp. engages in offering games and entertainment products through its ecommerce properties and stores. The firm’s stores and ecommerce sites operate primarily under the names GameStop, EB Games, and Micromania. It operates through the following geographical segments: United States, Canada, Australia, and Europe. The company was founded by Daniel A. DeMatteo in 1996 and is headquartered in Grapevine, TX.

Gamestop Corporation - Ordinary Shares - Class A

GameStop Corp

GameStop is trending following recent substantial share purchases by CEO Ryan Cohen and another board member, signaling strong insider conviction. This immediate catalyst, coupled with anticipation for an upcoming analysis from Michael Burry, is igniting widespread community discussion about potential market moves. Retail investors are expressing high confidence in the stock's long-term trajectory amidst ongoing debates over perceived market dynamics.

Q/C Technologies, Inc. operates as a clinical-stage pharmaceutical company, which engages in the development of drug products to extend healthy lifespan. It focuses on developing two novel therapeutic platforms, MyMD-1 and SUPERA-CBD, which aim to treat the causes of disease rather than just addressing the symptoms. MyMD-1 is a clinical-stage small molecule that regulates the immune system to control TNF-a, which drives chronic inflammation, and other pro-inflammatory cytokines. SUPERA-CBD is a synthetic derivative of cannabidiol being developed to treat conditions such as epilepsy, chronic pain, depression, as well as neuroinflammatory and neurodegenerative diseases. The company was founded in 1989 and is headquartered in New York, NY.

Q/C Technologies Inc.

Q/C Technologies is trending as the appointment of Chelsea Voss from OpenAI to its Board of Directors reinforces the company's strategic pivot into advanced AI and quantum-class computing. The community is actively discussing the stock's low float and sees significant upside potential, fueled by this new leadership and the consulting role of Martin Shkreli. Many view QCLS as an undervalued legitimate quantum play poised for a substantial move despite past financial performance.

The 401jK (just kidding) meme is a satirical punch in the gut in the face of the concept of retirement and the popular US based 401(k) retirement plan and other pension plans around the world  Through the meme fueled humor, irony, satire &amp; inspiration from cypherpunk ideology, real life data, and current events... the 401jK community aims to comment on the fact that global markets are heavily manipulated for selfish purposes by the same people who control these pension funds... while also aiming to twist the heads of the 401k and global pension systems.  It is a retirement plan that seeks to make social, political, economic commentary fueled by the memes and dreams of the hive mind of the community that makes up 401jK  The rules have changed, and the game was always rigged.  It's time to wake up, adapt, rebel, and heal.  Welcome to 401jK

401jK

401JK CRYPTO is trending due to significant community excitement following its Coinbase DEX listing. The project's core narrative, "Retirement is a Joke, Resist & Retire," resonates strongly, positioning it as a revolutionary on-chain alternative to traditional financial systems. The community expresses strong bullish sentiment, driven by belief in its long-term potential and mission for financial reform.

BitGo Holdings, Inc. provides cryptocurrency custody solutions. It offers self-custody wallet, qualified custody, liquidity and prime, and infrastructure-as-a-service. The company was founded by Michael Belshe in 2013 and is headquartered in Palo Alto, CA.

BitGo Holdings Inc. - Ordinary Shares - Class A

BitGo ($BTGO) is trending following its recent IPO, which has seen substantial price declines, prompting widespread community discussion about "busted IPOs" and skepticism towards new crypto listings. While many express disappointment and compare it to other struggling crypto stocks, a segment of investors emphasizes BitGo's institutional custody business, profitability, and federal banking license as strong long-term fundamentals. This debut highlights current market sentiment towards crypto-related IPOs, with debates centered on immediate volatility versus future growth potential.

Movano, Inc. is a health-focused technology company. The firm uses non-invasive technology to enable individuals and their healthcare partners to measure and manage their health conditions. It offers solutions through the app, the cloud, the wearable, and the sensor. The company was founded by Michael Aaron Leabman in January 2018 and is headquartered in Pleasanton, CA.

Movano Inc

Movano Inc. is actively trending following news that its merger partner, Corvex, secured a long-term NVIDIA H200 GPU deployment for AI infrastructure. This development, combined with the stock's exceptionally low float, has ignited strong community discussion about a potential short squeeze and significant upward price action. However, some investors are questioning the true nature of the Nvidia involvement and expressing caution regarding potential dilution.

AABG Token

AABBG is trending as the community eagerly discusses Asia Broadband Inc.'s federal lawsuit against Market Makers for alleged manipulation, alongside ongoing anticipation for its new silver-backed cryptocurrency and an imminent corporate update on its expanding mining and digital projects. Investors widely believe that sustained manipulation has created significant short interest, and they foresee a major price surge, fueled by increasing gold and silver prices and the company's rGO gold recovery technology.

Quantum Computing, Inc. engages in developing novel algorithms and solutions utilizing quantum and quantum-inspired computing to solve difficult problems in various industries. It leverages its expertise in finance, computing, security, mathematics, and physics to develop commercial applications for the financial, security, and government sectors. The company was founded on July 25, 2001 and is headquartered in Hoboken, NJ.

Quantum Computing Inc

Quantum Computing Inc. (QUBT) is trending as the market processes its successful bid for Luminar's semiconductor unit, a strategic move aiming to accelerate QUBT's photonics roadmap and expand its market reach. Community discussion centers on the long-term potential of this acquisition for advanced photonic chips and defense applications, with some analysts maintaining optimistic outlooks while others eye ongoing valuation and short-term price action. This development fuels broader speculation on the quantum computing sector's trajectory and potential for a resurgence.

SPDR Gold Trust - SPDR Gold Shares

SPDR Gold Shares ETF

SPDR Gold Shares (GLD) is a top trending topic as gold approaches a highly anticipated psychological threshold, fueled by a major investment bank's raised price outlook and ongoing geopolitical uncertainties. Community sentiment is sharply divided, with bulls pointing to de-dollarization and safe-haven demand, while bears warn of an overextended market poised for a significant correction. This intense debate over gold's current valuation and future direction keeps GLD in the spotlight.

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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.

Merk Investments LLC - VanEck Merk Gold ETF

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