Melville
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Gold advances as shutdown looms, weak US data fuels rate cut bets
XAU/USD trades near $3,846 as looming US government shutdown sparks investor flight into precious metals.JOLTS vacancies edge up, but Consumer Confidence drops, signaling weaker outlook for jobs and business conditions.Markets price in 96% chance of October Fed cut, reinforcing bullish momentum for
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Week ahead: Market looking for Goldilocks in the jobs report
Markets approach the coming week like a troupe of acrobats performing without a net, each movement dependent on a single balancing act: the U.S. jobs report. The S&P 500 still hovers near record heights, its relentless rally powered by faith in Fed rate cuts, yet valuations are stretched like a
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Jobless claims tumble to 218,000, well below estimate despite fears of labor market weakness
Initial claims for unemployment insurance were well below expectations last week, helping to douse caution at the Federal Reserve and elsewhere that the labor market is in danger. First-time filings for the week ended Sept. 20 totaled a seasonally adjusted 218,000, down 14,000 from the prior week's
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