The government shutdown has exacerbated expectations of interest rate cuts, and the reaction of the international spot gold market is complicated. The importance of ADP has been greatly magnified, becoming the only basis for evaluating the labor market during the "data vacuum period".
At the end of the month, the liquidity assessment triggered long-term fund positioning squaring, and the algorithm sold to amplify the volatility; the long-short power may continue to fluctuate in the short term, waiting for the new guidance of the Federal Reserve.
Gold may rise after consolidation, with ample reasons for its rise! Can silver catch up with gold? The demand for oil prices is easily underestimated, and OPEC+production restrictions have amplified the impact of unexpected events