Despite outperforming expectations across the board, Rubrik (RBRK.US) faces a sell-off; Wall Street defends Rubrik, stating its long-term logic remains intact and the market is “missing the forest for the trees”

Dirk Willer, Global Macro and Asset Allocation Head at Citi: After Baisent announced related measures, we have removed our underweight position in U.S. Treasuries and bought some gold; currently, we have taken a short position on the U.S. dollar.

Spot gold has just broken through the $4,560.00/ounce mark, currently quoted at $4,559.52/ounce, down 0.91% for the day; the main COMEX gold futures contract is currently quoted at $4,612.20/ounce, down 1.11% for the day.

Spot gold has just surpassed the $4,570.00/oz mark, currently quoted at $4,569.88/oz, down 0.69% on the day; COMEX gold futures main contract is currently quoted at $4,622.90/oz, down 0.88% on the day.

Dirk Willer, Global Head of Macro and Asset Allocation at Citigroup: If the yield on the 30-year US Treasury remains capped below 5.30%, it could have a negative impact on the US dollar.