Market update: Gold leads losses as of Oct 29, 20:00 UTC

Where prices stand

The GLD ETF, which tracks Gold, fell 1.32% to $368.57; the USO ETF, which tracks WTI Crude Oil, rose 0.97% to $168.19; the SPY ETF, which tracks the S&P 500, fell 0.38% to $769.36; and the UUP ETF, which tracks the US Dollar Index, fell 0.07% to $29.04 — all moves from the prior close, as of Oct 29, 20:00 UTC. US markets trade today with 1 of 4 tracked instruments up and 3 down.

Trend check

Finnhub trend signals list WTI Crude Oil as bullish with RSI(14) 53.4; its close of 103.37 sits above its 50-day moving average 96.61 and above its longer-term moving average 87.62. Signal counts show one total trend signal across the tracked instruments.

Trend status is a rules-based classification of moving averages and MACD on daily closes (as of Oct 28, 22:40 UTC); it is not a recommendation.

In the news

The U.S. Securities and Exchange Commission issued a press release charging two entities in a $130 million fraud scheme that used false SEC filings, the agency reported. The European Central Bank published a speech on next-day securities settlement, tokenisation and the transformation of Europe’s financial infrastructure, the ECB said. Yahoo ran commentary headlined "Fed Can't Beat Inflation Without Market Pain, Says Dawson," and Cointelegraph published reporting titled "Bitcoin price jumps to $81.5K as US GDP data beats expectations."

• Two Entities Charged in $130 Million Fraud Scheme That Used False SEC Filings to Boost Investor Confidence — U.S. Securities and Exchange Commission, Oct 29, 16:42 UTC
• Piero Cipollone: Next-day securities settlement, tokenisation and the transformation of Europe’s financial infrastructure — European Central Bank, Oct 29, 15:50 UTC
• Fed Can't Beat Inflation Without Market Pain, Says Dawson — Yahoo, Oct 29, 15:02 UTC
• Bitcoin price jumps to $81.5K as US GDP data beats expectations — Cointelegraph, Oct 29, 15:39 UTC

What to watch

The Employment Cost Index is scheduled for Fri Oct 30, 12:30 UTC and is listed as a medium-importance US macro release by the bls. It is the sole upcoming event shown in the calendar counts for this update.

• Fri Oct 30, 12:30 UTC — Employment Cost Index (US) (source)

Sources and data

• U.S. Securities and Exchange Commission (primary source) — Two Entities Charged in $130 Million Fraud Scheme That Used False SEC Filings to Boost Investor Confidence
• European Central Bank (primary source) — Piero Cipollone: Next-day securities settlement, tokenisation and the transformation of Europe’s financial infrastructure
• Yahoo (secondary source) — Fed Can't Beat Inflation Without Market Pain, Says Dawson
• Cointelegraph (secondary source) — Bitcoin price jumps to $81.5K as US GDP data beats expectations
• Finnhub (market data) — market data
• U.S. Treasury and Federal Reserve Board via FRED (primary source) — Yields and dollar index
• U.S. Bureau of Labor Statistics (primary source) — calendar
• U.S. Energy Information Administration via FRED (primary source) — calendar
• Bank of England (primary source) — calendar
• Federal Reserve (primary source) — calendar

Market data as of Oct 29, 20:00 UTC; report generated Oct 29, 20:10 UTC. All times are UTC. Each table row shows its own timestamp and provider.

This report was produced by the MarketAlleys Research Desk using automated data processing and language tools from the sources listed above, and checked against our automated-content validation rules. It is for information only and is not investment advice.