Gold (XAU/USD) traded near $4,025 in early Asian hours on Friday, its weakest level in more than two months, after oil prices surged on fresh attacks in Saudi Arabia ahead of next week's Federal Reserve meeting.
Norway's $2.3 trillion Government Pension Fund Global returned -0.5% in the third quarter, a loss of about $30 billion, as higher interest rates weighed on bonds and equities.
Tesla lowered its 2026 capital spending outlook to about $20 billion from more than $25 billion after underspending on AI and robotics in the third quarter, sending shares down 2%.
Silver (XAG/USD) dropped below $54.00 on Friday, its weakest level since November 2025, as the metal heads for a second straight weekly decline.
GBP/USD trades near 1.3405 after UK September CPI came in hotter than forecast, reinforcing expectations the Bank of England will raise rates next month.
The gap between French and German 10-year borrowing costs has widened to 175 basis points, nearing the roughly 190-bp peak reached during the 2011 crisis, and Brown Brothers Harriman cautions EUR/USD could drop toward 1.1000 should it keep growing.
ING's Carsten Brzeski thinks the European Central Bank will keep borrowing costs unchanged at next week's meeting, since climbing bond yields linked to France's budget turmoil are already delivering the equivalent of a rate increase.
Dutch TTF gas futures climbed close to 90 euros per megawatt-hour on Thursday, the highest since December 2022, as escalating conflict involving Saudi Arabia, the Houthis and Iran unsettled energy markets ahead of the European winter.
President Donald Trump has charged that Iran is artificially pushing crude prices higher ahead of November's congressional midterms, insisting shipping through the Strait of Hormuz now exceeds pre-conflict levels.
JPMorgan strategist Nikolaos Panigirtzoglou believes hedge funds have already pared back enough equity exposure to cap further stock losses, a thesis put to the test when semiconductor shares suffered their steepest one-day decline since June.