Gold

Fund managers are most bullish in 3 yrs, cash at record low. AI bubble & Mag 7 seen as tail risks.

Recap - Japan’s exports rose for a third straight month in November, lifting the trade balance back into surplus and reinforcing expectations the BoJ will deliver a 25bp rate hike this week, even as forward guidance remains cautious.

Final pennies minted fetch $16.76M! Collectors paid a premium for history, a record for US Mint sales.

Weak yen clears path for December BoJ hike, if yen fails afterwards another hike to come A December BoJ hike driven by currency weakness could support the yen at the margin, while raising the risk of further tightening if depreciation persists.

Japan exports surge 13.5% on strong US demand! Traders eye trade balance data for market direction.

HashKey IPO surges 6.6% on debut, raising $206M. Retail tranche 394x oversubscribed, showing strong crypto demand despite China's ban.

Live cattle futures rise 15-35 cents; feeder cattle up $2.50-$3.40. Boxed beef mixed, slaughter down. Coffee & cocoa prices sink on Brazil/W. Africa rain.