Pre market futures gold prices edging up to $2

Gold prices edging up to $2,340/oz have indirectly supported defensive sectors in pre market futures. Historically, such commodity-linked moves temper equity volatility for large-cap indices. Bitcoin leads the crypto market and has been the more resilient coin, recovering from several bear markets. Energy markets are under pressure. Brent crude (BZ=F) is trading at $64.63, down 8% for the week, while WTI (CL=F) sits at $61, on track for its largest weekly drop since June. OPEC+ meets Sunday and could approve a supply boost of up to 500,000 barrels per day for November, tripling October’s hike. Pre market futures sentiment metrics show 65% bullish skew, a level not seen since early March. Traders view the consistent upside in futures as technical confirmation for strain in short positions.