Wall Street is selling gold. So who's buying it?

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Gold fell 8.5% in September, its steepest monthly decline of the year, closing at $4,176. The selling came from the futures market. As the 10-year Treasury yield surged 53 basis points and the dollar climbed 2%, managed-money traders cut their net long positions by roughly 84 tons.

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Trump waived key Russian sanctions; US equity futures set to open firmer - Newsquawk US Market Open

  • US President Trump signed an executive order waiving certain Graham Act sanctions, restrictions and duties on Russian energy revenues.
  • Russian President Putin reportedly proposed a meeting with US President Trump and Chinese President Xi to discuss ending the war.
  • US equity futures climb; French Luxury and Banks hit on protests.
  • DXY modestly higher; Antipodeans outperform, EUR lags while USD/JPY regains 158.
  • Fixed income benchmarks mixed; EGBs underperform as Dutch TTF cl

Trump touted that significant progress is being made between Russia and Ukraine; European stocks set for a weaker open - Newsquawk EU Market Open

  • US President Trump said on Truth Social that he is negotiating peace between Russia and Ukraine and that significant progress is being made.
  • US President Trump signed an executive order waiving Graham Act sanctions and tariffs on Russian energy, drawing bipartisan criticism.
  • Pakistani Army Chief Asim Munir may visit Tehran this week, ISNA reported.
  • Cost-of-living and education protests swept across Europe; around 550,000 people marched in France, with unrest also in Milan, Lisbon and Brussels.
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