TechFlow news, November 11 — According to Jinshi Data, Peter Cardillo of Spartan Capital Securities said gold futures rose as the expected end of the U.S. government shutdown would return government data releases to their normal schedule. This could make a further Fed rate cut in December possible. "Once the government reopens, the backlog of unreleased macro data may show that inflation remains stubborn and labor market conditions are weaker than indicated by the ADP report," he added. "These two factors could prompt the Fed to cut rates in December, despite their repeated cautious rhetoric."
Add to Favorites
Share to Social Media
