As per Jin10, the upcoming week will see the Federal Reserve enter its pre-meeting 'silent period,' with key economic data expected to shape the outlook for a potential December rate cut. Recent comments from Fed officials have shifted the market's expectation of a 25-basis-point cut at the December meeting from around 25% to nearly 80%. The week will also feature a heavy data calendar, including U.S. ISM manufacturing and ADP employment reports, which could influence the Fed's decision. Gold and silver prices surged last week amid market volatility, with gold rising nearly $150 and silver hitting a record high of $56.
FOMC Silent Period Begins as Fed Hints at Rate Cut Amid Data Deluge
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