Jin10 Data Summary: Gold Plunges, NVIDIA Closes Down Over 4%

TechFlow reported on November 13 that, according to Jin10 Data, its summary of key news from yesterday to this morning showed spot gold plunged 3%, hitting the lowest level since October last year, while spot silver fell below $50/oz; after the yen broke below the 160 mark in the early hours, it surged 70 points in the short term, raising intervention risk from the Bank of Japan. NVIDIA's market cap fell below $4 trillion, closing down more than 4%, and U.S. media reported that NVIDIA is facing an antitrust investigation by the U.S. Department of Justice.

On the domestic front, Li Qiang presided over the State Council's 22nd special study session and proposed expanding the coverage of enterprise annuities and enhancing the long-term sustainability of the social security fund; domestic refined oil prices were cut sharply, saving about RMB 25 for a full tank of fuel; the Ministry of Commerce said China and the U.S. are maintaining close communication on tariff cuts, trade, investment and other issues. On the international front, British media reported that the EU and the UK will postpone imposing a 10% tariff on electric vehicles; the Houthis claimed to have struck Saudi Aramco and attacked pump stations on the East-West oil pipeline.

Source: TechFlow