James Stanley

With tech stocks getting hit harder last week there was collateral damage elsewhere, including gold as the metal closed below the $4k level for the week and that’s the first time that’s happened to spot gold in more than a year.

With tech stocks getting hit harder last week there was collateral damage elsewhere, including gold as the metal closed below the $4k level for the week and that’s the first time that’s happened to spot gold in more than a year.

Gold has dropped by as much as 13% from the August highs, and almost 30% from the January highs. More recently, however, bulls have been putting up…

By : James Stanley , Sr. Strategist October 25, 2026 1:00 AM Gold Talking Points:

Treasury yields are falling alongside stocks, breaking the usual pattern in which lower yields cushion equity markets. Firm Treasury demand in the …

USD/CAD was in a strong bullish trend through the October open, but that has since turned into a decisive sell-off. The 1.4000 level is now in play and that begs the question as to whether bulls can force a turn.

Tomorrow brings the Fed and then mid-term elections next week and CPI the week after, so we have a loaded few weeks ahead as USD strength remains in-play.

Tomorrow brings the Fed and then mid-term elections next week and CPI the week after, so we have a loaded few weeks ahead as USD strength remains in-play.

Gold has so far bounced from the $4k level following last week’s sell-off but whether a low is in-place will highly depend on how the Central Bank meetings remaining on the calendar for the rest of this week roll out.

USD/JPY has a theoretical cap after the intervention in July and then the verbal threats thereafter, but the big question now is whether a larger case of carry unwind lurks around the next corner.