Gold (GC) — ISM Manufacturing PMI (Oct) — High impact; estimate 54.7 vs prior 54.5; a print…
Decisively bearish after gold crashed below $4,000 to 12-month lows at $3,898.90, with consensus focused on the potential PBOC buying pause as the structural support that had protected gold from real yield headwinds may be removed, and market now pricing further downside toward $3,800-$3,700 absent
