prices

Affected by strong U.S. non-farm payroll data, the market expects the Federal Reserve to combat inflation through interest rate hikes. Gold prices softened in the early session, falling to around $4,060 per ounce.U.S. employment growth was strong in October, the unemployment rate slightly decreased, and the consumer confidence index rose to a three-month high. The market anticipates that the Federal Reserve will raise interest rates in December.

Tom Lee, Chairman of the Bitcoin treasury company Bitmine, stated in an interview with CNBC that the AI investment boom is far from over. As more and more users utilize tokens, the demand for computing resources may continue to rise, leading to a tightening of computing power supply again and driving related prices up. The bottleneck in AI infrastructure may once again become a focus of market attention. In addition, while many states and local communities in the United States welcome the economic benefits brought by AI investments, they will also seek to promote related investments based on their own conditions and strengthen AI safety regulations.

HSBC Holdings stated that attacks on tankers or infrastructure leading to a daily disruption of 2 to 3 million barrels of oil supply will return the market to a state of shortage and put upward pressure on oil prices.

International oil prices have retraced earlier gains as the market assesses news of the United States pushing for progress in Middle East negotiations. The Emir of Qatar discussed diplomatic efforts to ease regional tensions with Trump. Iran demands that the U.S. lift the maritime blockade, relax sanctions, and unfreeze assets before it will reopen the Strait of Hormuz. Tehran is reviewing mediation proposals for its nuclear program, indicating that Qatar's diplomatic efforts may be making progress.

Bank of America Securities pointed out that if crude oil and refined oil prices rise further in the next three to six months, it may lead to a significant increase in interest rates. The U.S. two-year nominal interest rate swap has risen by 113 basis points year-to-date and has cumulatively increased by 196 basis points on days when oil prices rose. Bank of America believes that rising energy inflation may reduce the constraints on the Federal Reserve's interest rate hikes.

On November 4, Robert Kiyosaki, the author of "Rich Dad Poor Dad," stated that during the market panic triggered by the decline in gold, silver, and Bitcoin prices, he chose to continue buying and expressed his anticipation for the next crash of these three asset classes to increase his holdings again.He believes that the real issue lies in the ever-expanding scale of global debt, especially U.S. debt. He also criticized the government leadership for lacking the ability to respond, the education system for lacking financial literacy education, and stated that the original intention of fiat currency is to plunder the wealth of those who earn and save through wages.

After the U.S. midterm elections, the Democratic Party won control of the House of Representatives and the Senate, reducing market policy uncertainty, and technology stocks generally rose. Amazon rose about 8% during the day, Google rose over 6%, Microsoft rose over 7%, Meta rose about 3%, and Apple rose nearly 7%.Analysts believe that higher regulatory thresholds may strengthen the competitive advantages of large cloud service providers, while emerging AI cloud service providers face greater pressure.

Meta, Alphabet, and Intel saw significant stock price declines due to stock issuance, leading to losses for investors. Alphabet's financial report showed that advertising revenue fell short of expectations, and Intel's supply chain issues intensified market concerns, raising doubts about the sustainability of AI investments.

Wells Fargo has lowered the target price for SanDisk from $1550 to $1300; lowered the target price for Amazon from $329 to $326; significantly lowered the target price for Intel from $120 to $80; lowered the target price for Google's parent company Alphabet from $417 to $371.

After Amazon announced its quarterly results, the stock prices of American server manufacturers fell in pre-market trading. Dell dropped 11.8%, HP fell 8%, and Advanced Micro Devices declined 6%.

Due to the rise in oil prices and strong U.S. inflation data, market expectations for the Federal Reserve to raise interest rates again later this year have increased, leading to a decline in gold prices on Friday.Tim Waterer, Chief Market Analyst at KCM Trade, stated that the decline in gold prices puts the technical support around the $4,000 level to the test. The acceleration of U.S. inflation in September confirms expectations that the Federal Reserve will raise interest rates in December.

The EU Energy Ministers' meeting was held on October 29, with natural gas prices becoming the focus. The European benchmark natural gas futures price broke through 100 euros per megawatt hour for the first time since December 2022. EU Commissioner Jørgensen warned that Europe is facing "another energy crisis," with over 50 million residents potentially unable to afford winter heating costs.Energy costs are expected to increase by about 600 euros, with additional expenses reaching up to 715 euros. This crisis has expanded to include gasoline, diesel, and more, putting greater pressure on the economy.

Nick Timiraos, the "Fed Whisperer," stated that the core PCE service prices (excluding housing) rose by 0.37% in September, with the year-on-year increase rising to 3.6%. Core goods prices increased by 0.2%, and if this trend continues, service prices must slow down more significantly for the Federal Reserve to achieve its 2% inflation target.

According to Bloomberg, during the intense fluctuations in international oil prices in early March, a trader allegedly influenced prices on the decentralized derivatives platform Hyperliquid through two accounts, using oil-related crypto derivatives.According to an analysis provided to Bloomberg by blockchain monitoring company Solidus Labs, the trader placed over $170 million in abnormal orders, and Solidus believes their behavior is suspected to be a form of spoofing price manipulation.

Federal Reserve Chairman Waller stated that as oil prices continue to rise, interest rates have already fallen.

Federal Reserve Chairman Waller stated that energy and related prices have risen in recent weeks.