Macro and earnings catalysts are concentrated in the session, with potential relevance for NAS100, SPX500 and XAU.
At 20:30, the United States releases its preliminary Q3 GDP reading, September personal consumption expenditures (PCE), and initial jobless claims for the week ended October 24. The European Central Bank publishes its policy rates at 21:15, followed by ECB President Christine Lagarde's press conference at 21:45.
Corporate results are also scheduled across the trading day. Eli Lilly and Caterpillar report before the US market opens. Amazon, SanDisk, Intel, Strategy and Vale are scheduled to report after the US market closes. TotalEnergies is due to release earnings before the European equity market opens.
Other scheduled events include the final October eurozone consumer confidence index at 18:00, a Ukraine central bank rate decision at 20:00, and speeches after midnight by ECB Governing Council members Kocher and Sleijpen in Vienna, followed by Swiss National Bank Governing Board member Petra Tschudin.
Bullish strength: 45/100
Earnings from tech giants like Amazon may boost risk appetite
Pre-market corporate earnings provide support for US stocks
Bearish strength: 55/100
US GDP and PCE data may reinforce expectations of higher interest rates
ECB rate decision may trigger volatility in risk assets
This is automated NewsSignals analysis of third-party reporting, not independent original reporting or investment advice. AI scores are not price predictions.
Gold climbed 1% to $4,102.50 per ounce, reaching its highest settlement since October 21 as a weaker US dollar and falling Treasury yields boosted demand.
The 10-year Treasury yield dropped 5.5 basis points to 4.836%, while silver gained 0.2% to $52.233 per ounce.
Gold could face renewed selling pressure if Friday's US jobs report strengthens expectations for a December Fed rate hike, despite improving near-term momentum.
Goldman Sachs cut its end-2026 gold price forecast to $4,150 per ounce from $4,650 and its end-2027 target to $4,800 from $5,400, citing the Federal Reserve's increasingly hawkish policy stance.
The bank warned that higher oil prices and equity-market drawdowns could trigger additional gold selling, while central-bank demand and long-term investor interest remain supportive.
Lower price targets could pressure gold sentiment, although persistent structural demand may limit downside and support longer-term prices.
Goldman Sachs cut its end-2026 gold price forecast to $4,150 per ounce from $4,650, citing the Federal Reserve's increasingly hawkish policy outlook. The bank also reduced its end-2027 forecast to $4,800 from $5,400, warning that higher interest rates could weigh on investor demand despite continued central-bank buying. Persistent monetary tightening and potential oil-driven selling could pressure gold, although structural central-bank demand and fiscal-risk hedging may limit downside.
U.S. Treasury yields are hovering near two-month lows as bond markets increasingly price in the possibility of a December Federal Reserve rate hold ahead of October payrolls.
The 10-year yield fell to 4.836% and the two-year to 4.475%, while December rate-hold odds climbed to 35% from 17% in one day.
Tomorrow's jobs report could trigger a sharp repricing of rate expectations, potentially driving renewed volatility across Treasury yields, the dollar and gold.