Gorila Capital news
Market news by Gorila Capital
Short market stories written by our News desk, each with our own view.
Fed holds rates, but a divided committee keeps a December hike on the tableThe Federal Reserve left its policy rate unchanged on 28 October; Chair Kevin Warsh then briefed reporters. The decision was not unanimous, and markets read the message as a pause rather than the end of tightening. US 10-year Treasury yields edged higher after the statement.
Gold holds near $4,030 as higher yields test the $4,000 floorSpot gold traded around $4,030 an ounce on Thursday morning, slightly lower on the day after the Fed kept a further hike in play. Firmer Treasury yields raise the cost of holding a metal that pays no interest. Our daily pivot sits near $4,045, with support levels at $4,010 and $3,985.
Bitcoin slips under $80,000 even as spot ETFs log fresh inflowsBitcoin fell back below $80,000 overnight, down about 1.4% on the day, with Ether and Solana losing around 2%. The drop came alongside weakness in Asian tech shares and a hawkish read of the Fed. US spot bitcoin ETFs still took in about $137 million, enough to turn October's net flows positive.
Oil eases as renewed US-Iran diplomacy cools supply fearsCrude prices fell on Thursday as fresh US-Iran peace efforts reduced the risk premium built up this month. Brent had topped $116 a barrel on 23 October, a six-month high, amid tensions in the Gulf. Headlines have swung both ways all week, keeping intraday ranges wide.
Big Tech earnings split: Microsoft rallies, Samsung slips despite record profitMicrosoft shares rose about 4% after cloud growth lifted revenue and earnings above expectations. Its capital spending came in below forecasts, which weighed on AI infrastructure names such as CoreWeave. In Seoul, Samsung Electronics fell even after reporting a record third-quarter profit.
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