Warsh's comments set the stage for U.S. jobs data to ignite bitcoin, gold rally
2026-07-02 11:48:42
Bitcoin and gold could extend their rebound if Thursday’s U.S. nonfarm payrolls report shows labor-market weakness after Fed Chair Kevin Warsh said inflation risks have come down, according to CoinDesk. Warsh’s remarks prompted a reassessment of Fed rate-hike prospects, helping bitcoin push above $61,000 and gold stabilize above $4,050 after dipping to $3,942 earlier this week. Economists expect June payrolls to rise 110,000 vs 172,000 in May, with unemployment at 4.3% and average hourly earnings at 3.5% vs 3.4%.
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