As per Jin10, the U.S. government shutdown has ended, but the market remains cautious amid a flood of upcoming economic data and uncertainty over the Federal Reserve’s December rate cut prospects. Bitcoin has fallen below $95,000, while gold plunged over 3% on Friday due to reduced expectations of a Fed rate cut. The first post-shutdown nonfarm payrolls report is set for release next week, which could influence the Fed’s policy outlook and trigger further volatility in gold and the dollar. Analysts suggest that weaker-than-expected data may support a gold rebound.
U.S. Nonfarm Payrolls Return After Shutdown, Gold Volatility Looms
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