The U.S. government shutdown has concluded, paving the way for the release of the first nonfarm payrolls report since the shutdown. This report, scheduled for next week, is anticipated to impact the Federal Reserve's policy decisions, particularly regarding the potential for a December rate cut.
Bitcoin has dipped below $95,000, while gold experienced a significant drop of over 3% on Friday, driven by diminished expectations of a Fed rate cut. Market participants remain cautious as they await a slew of economic data that could influence the Fed's outlook and cause further volatility in gold and the dollar. Analysts indicate that weaker-than-expected payroll data might lead to a rebound in gold prices.
U.S. Nonfarm Payrolls to Resume Amid Market Caution Post-Shutdown
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