Markets News

US crude oil rose to a five-month high, while gold fell below the $4,000 mark. How should one choose between gold and crude oil?

US crude oil rose to a five-month high, while gold fell below the $4,000 mark. How should one choose between gold and crude oil?

· Goldman Sachs lowered its 12-month target for the South Korean KOSPI index by 25%. This news is negative for the Korean won and the Korea Composite Stock Price Index (KOSPI). · The preliminary reading of the S&P Global Manufacturing PMI for October in the United States came in at 56, a 53-month high. This news is bullish for the US dollar and bearish for gold. · In response to the oil spill, all beaches in Ras Al Khaimah, UAE, have been closed. This news is bullish for crude oil.

TOPONE Markets Analyst
2026-10-26 08:32:02
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