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The competition for the Fed chairmanship has once again become a three-way race, with the U.S. unemployment rate hitting a four-year high in November!
· U.S. seasonally adjusted non-farm payrolls increased by 64,000 in November, higher than expected. This news is bullish for the U.S. dollar. · The U.S. unemployment rate in November was recorded at 4.6%, the highest in four years. This news is negative for the U.S. dollar. · Morgan Stanley: Gold is expected to continue receiving macroeconomic support, with the potential to rise to $4,800 per ounce by the fourth quarter of 2026. This news is bullish for gold.
TOPONE Markets Analyst
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