U.S. stock index futures were mixed, spot gold fell below $4,070, the U.S. dollar index broke through 99, and cryptocurrencies declined.

October 22 – The market remains shrouded by concerns about trade tensions and the US government shutdown. US stock index futures were mixed; major European indices opened lower; most Asian stocks fell due to declines in tech stocks. The US dollar strengthened, US Treasuries were mostly flat, gold and silver prices were volatile, and cryptocurrencies generally declined. On the previous trading day, profit-taking, technical pullbacks, and the easing of geopolitical crises led to sharp falls in gold and silver prices. Spot gold plunged as much as 6.3%, marking the largest intraday drop in more than a decade. Spot gold is now experiencing significant volatility. Suki Cooper, Head of Commodities Research at Standard Chartered, stated that technical selling was the main cause, and that gold prices have been in overbought territory since early September. The bank expects gold prices to resume their upward momentum next year. - US stock index futures were mixed: S&P 500 futures rose nearly 0.1%, Dow Jones futures up 0.04%, and Nasdaq 100 futures edged down 0.01%. - Netflix fell more than 6% pre-market; Q3 earnings fell far short of expectations and full-year guidance was lowered. - Major European stock indices opened lower: Euro Stoxx 50 fell 0.27%; UK FTSE 100 rose 0.44%; France CAC40 fell 0.29%; Germany DAX30 fell 0.04%. - The US Dollar Index broke above 99 for the first time since October 15. - The 10-year US Treasury yield was flat at 3.96%. - Spot gold dropped below $4,070/oz, falling more than $70/oz in 30 minutes. - Bitcoin fell nearly 0.4%; Ethereum fell nearly 0.9%. US stock index futures were mixed: S&P 500 futures rose nearly 0.1%, Dow Jones futures up 0.04%, Nasdaq 100 futures edged down 0.01%. This week, improved corporate earnings have boosted market sentiment, but uncertainties over trade prospects and concerns about the US government shutdown persist. Trump has introduced new uncertainties into trade negotiations. The current US government shutdown is about to become the second-longest in history, causing delays in official data releases, including the September inflation data originally scheduled for release on Friday. Investors are now watching Tesla (TSLA), which will report earnings on Wednesday, kicking off a wave of key reports from the "Magnificent Seven" tech giants. Investors will pay particular attention to updates regarding the expiration of US federal EV tax credits and the company's robotaxi rollout. Spot gold fell below $4,070/oz. This pullback abruptly ended the rapid upward momentum since mid-August, and gold experienced its worst selloff in years on the previous trading day. Supported by safe-haven sentiment and expectations of Fed rate cuts, gold prices have risen nearly 60% this year. Although spot price volatility has now eased, traders are using options to hedge against the possibility of further price swings. One-month implied volatility has surged to its highest level since March 2022, indicating that investors are preparing for volatility. Currently, geopolitical uncertainties persist and gold prices are oscillating within a range. Although the US has canceled the recent "Trump-Putin" meeting, Hungarian Prime Minister Orban said on Wednesday that preparations for a peace summit with Russian President Putin in Budapest are still underway, but a date has not been set. Orban noted that Foreign Minister Szijjarto is advancing the preparations in Washington. Risk Warning and Disclaimer Markets have risks; investment requires caution. This article does not constitute personal investment advice and does not take into account the particular investment objectives, financial situation, or needs of any individual user. Users should consider whether any opinions, views, or conclusions in this article suit their specific circumstances. Investing on this basis is at your own risk.