📊 Gold Driving The Rotation?

Good Morning Investors,

Resource linked companies were another area of strength. Broad mining and metals benchmarks moved sharply higher as renewed interest in gold and industrial metals lifted exploration and production names.

This contrasted with softer conditions for consumer facing companies. Recent business surveys pointed to weaker household demand, and ongoing concerns around supply chains and tariff related pressures continue to weigh on smaller retail oriented companies that are more exposed to cost swings.

The broader backdrop remains constructive but uneven. Technology and resource related companies continue to lead the tape while consumer focused names remain sensitive to policy news and inventory signals. Investors are watching Federal Reserve commentary and new data on spending and logistics, which are likely to guide market leadership through the coming weeks.

Matthias Schneider
Editor at Analytica Investor