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investingLive Americas market news wrap: AI trades rebound but so does oil
Canada September CPI 3.1% y/y vs 3.2% expected US NAHB housing market index 29 vs 31 prior Bank of Canada Q3 business outlook survey -0.33 vs -0.38 prior CIBC…
Canada September CPI 3.1% y/y vs 3.2% expected US NAHB housing market index 29 vs 31 prior Bank of Canada Q3 business outlook survey -0.33 vs -0.38 prior CIBC cuts gold forecasts but still sees $5,500 in 2028 Oil reverses course higher after US and Houthi attacks Markets: S&P 500 up 0.4% WTI crude oil up $2.37 to $103.78 US 10-year yields up 4.2 bps to 5.14% AUD leads, JPY lags Gold down $25 to $4139 The AI trade rebounded on Monday as memory and chip names jumped on renewed optimism even as Cor
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Canada September CPI 3.1% y/y vs 3.2% expected US NAHB housing market index 29 vs 31 prior Bank of Canada Q3 business outlook survey -0.33 vs -0.38 prior CIBC cuts gold forecasts but still sees $5,500 in 2028 Oil reverses course higher after US and Houthi attacks Markets: S&P 500 up 0.4% WTI crude oil up $2.37 to $103.78 US 10-year yields up 4.2 bps to 5.14% AUD leads, JPY lags Gold down $25 to $4139 The AI trade rebounded on Monday as memory and chip names jumped on renewed optimism even as Cor
- CIBC
- $5,500/oz
- 2028
- 2026-10-19
- Source: https://investinglive.com/news/investinglive-americas-market-news-wrap-ai-trades-rebound-but-so-does-oil
Topics: CIBC, gold research report, gold price target