NEM
0 deep-dives · 5 policy notes
What has moved NEM
9 dated calls from the policy coverage · 7 positive · 0 negative · 2 watch
- Watch2026-10-19inferred
Gold at $4,164 with a flat dollar is a holding pattern for miners; the marginal driver is real yields, and the 10-year at 5.13% is the headwind
Policy Pulse - Global Spillover - 19 Oct 2026 - Positive2026-10-16
named. Both were the Dow's leaders on October 15 as capital rotated into healthcare and gold in the same session that the AI complex failed to hold its early gains
Policy Pulse - Trump / US Watch - 16 Oct 2026 - Positive2026-10-15
traded. Bullion above $4,170 with producer margins at these levels is a cash-flow event, not a sentiment event, and the miners are levered to the spot price
Policy Pulse - Global Spillover - 15 Oct 2026 - Positive2026-10-13
Central-bank buying plus debt-servicing concerns are an official-sector bid that does not depend on the Fed cutting; the miners carry the operating leverage on top
Policy Pulse - Global Spillover - 13 Oct 2026 - Watch2026-10-13inferred
Falling euro-zone yields alongside falling Treasury yields is the same duration bid that supports bullion
Policy Pulse - Global Spillover - 13 Oct 2026 - Positive2026-10-12
A 24-year high in real long rates is normally bad for gold, and gold's refusal to break is itself the signal; the miners carry the operating leverage
Policy Pulse - Global Spillover - 12 Oct 2026 - Positive2026-10-12
Institutional risk around central-bank independence is the classic marginal bid for gold, which is holding near $4,180 an ounce
Policy Pulse - Trump / US Watch - 12 Oct 2026 - Positive2026-10-09
A softer dollar and easing real yields are the classic gold tailwind, and spot bullion reclaimed USD 4,180 after a two-month low
Policy Pulse - Global Spillover - 09 Oct 2026 - Positive2026-10-07
Nonmonetary gold imports of USD 3.1 billion in the month, with spot gold around USD 4,167/oz, confirms physical bullion flow into the US
Policy Pulse - Trump / US Watch - 07 Oct 2026
Mentioned in Policy Pulse
Policy Pulse - Global Spillover - 19 Oct 2026
The waiver suspended China's exposure on the same terms as India's and left the statutory machinery delegated to the USTR, while INTC rose 4% on a JPMorgan upgrade and STLA bore the brunt of French protests that took the DAX down 1.39%.
Policy Pulse - Global Spillover - 13 Oct 2026
China's CXMT claimed a 4F2 DRAM design and the KOSPI fell 5.46%, hitting MU, AVGO and INTC while re-rating TCS, INFY and HCLTECH through Nifty IT's 5.22% gain. Five days out, the Graham Act had still produced no notice to Congress, leaving IOC, BPCL, ONGC and Sun Pharma exposed on the Indian side.
Policy Pulse - Global Spillover - 12 Oct 2026
Brent topped USD 106 after a second deadly strike on Riyadh's airport and a tanker hit at Hormuz, positive for XOM, CVX and VLO and negative for DAL, UAL and IOC. Trump's Russian diesel deal capped the spike instead of reversing it, gold held near USD 4,180 with the US 30-year at 24-year highs, and Canada sent its largest trade mission to India in 30 years to push a trade deal.
Policy Pulse - Global Spillover - 09 Oct 2026
Brent slipped to about USD 103 after Trump ruled out an Iran strike before the November 3 midterms, negative for XOM and CVX and positive for airlines and Indian oil marketers; a strong 30-year auction pulled the US long end back from a 24-year high; and the US-China 30-for-30 tariff lists named toys and appliances and medical devices, with the truce extended to January 10, 2027.
Policy Pulse - Trump / US Watch - 07 Oct 2026
Trump unveiled Anduril's USD 3.7 billion Arsenal-2 submarine shipyard at Sparrows Point with a Navy contract of up to USD 2.9 billion and announced a 40 percent US government stake in the operating subsidiary, a 15 percent lift to Virginia-class production capacity that is positive for NUE and STLD on naval steel while leaving incumbents GD and HII two-sided as a new component competitor enters. The August trade deficit widened to USD 105.6 billion, the widest since Liberation Day, on record imports led by semiconductors and nonmonetary gold, positive for NVDA, AMD and NEM. The IRS issued a staking safe harbour, positive for COIN and HOOD.