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Gold Prices Surge as Campbell Soup Co. Crushes Earnings Expectations

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The stock market wrapped up Wednesday trading with a mixed bag of results. The Dow managed a meager 0.05% uptick to 36,143.40, while the NASDAQ dropped 0.06% to 14,221.51. The S&P 500 also fell, slipping 0.05% to 4,564.73.

One segment that stood out was the consumer discretionary shares, which saw a robust 0.9% rise. On the flip side, energy shares faltered, dipping by 1.8% on the day.

When it comes to the world of commodities, oil took a beating, plummeting 4.3% to $69.24, while gold experienced a delightful 0.5% upswing, hitting $2,046.90. Silver wasn’t as lucky, falling 1.2% to $24.25, and copper also stumbled, dropping 1.3% to $3.7360.

The usually turbulent Eurozone displayed some positivity, with stock indexes in the region enjoying a cheerful day. The retail sales in the Eurozone barely edged up by 0.1% month-over-month in October, slightly missing market expectations, but the construction sector showed some signs of life, with the HCOB Eurozone construction PMI climbing to 43.4 in November.

Asian markets saw a mostly optimistic day, with Japan’s Nikkei 225 soaring 2.04%, Hong Kong’s Hang Seng Index gaining 0.83%, and India’s S&P BSE Sensex jumping 0.52%. Meanwhile, China’s Shanghai Composite Index lagged slightly behind, slipping 0.11%.

The U.S. reportedly private businesses hired 103,000 workers in November, lower than October’s figures and market expectations. Additionally, the U.S. trade gap widened to $64.3 billion in October, and nonfarm business sector labor productivity surged 5.2% in the third quarter.

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