Wall Street Traders on Hold in Run-Up to Jobs Data: Markets Wrap

Gold prices have steadied after a five-day rally, as investors are closely monitoring upcoming US economic data that may influence the Federal Reserve's decisions on interest rates. This pause in gold's upward momentum comes amid anticipation of potential rate cuts by the Fed.

Gold and silver futures began the week on a positive note, rising ahead of crucial economic reports that could influence the Federal Reserve's interest rate decisions for 2026. This upward trend reflects investor optimism in the precious metals market.

Gold and silver futures opened the week on a positive note, buoyed by expectations surrounding key economic reports that may influence the Federal Reserve's interest rate decisions in 2026. This upward trend reflects a growing investor interest in precious metals as safe-haven assets amid economic uncertainties.

The Bank of England (BOE) is anticipated to announce a cut in interest rates, aligning its policy direction with the European Central Bank (ECB), which is currently in a favorable position regarding inflation management. This decision comes as five European central banks prepare to reveal their monetary policies, with the BOE being the only one expected to follow the Federal Reserve's lead in rate cuts.

SpaceX has initiated a process to interview banks on Wall Street for potential advisory roles regarding its initial public offering (IPO), signaling a significant step towards becoming a publicly traded company. This move comes as the company prepares for an IPO that could occur in 2026, with expectations to raise significantly more than $30 billion.

SpaceX has commenced a process to interview banks on Wall Street for advisory roles related to its potential initial public offering (IPO), signaling a significant step towards becoming a publicly traded company. This move comes as the company prepares for an IPO that could occur in the second half of 2026, with expectations of raising significantly more than $30 billion.

The debate in the US Treasury market regarding the Federal Reserve's interest-rate cuts is intensifying, with key economic data releases expected to influence market sentiment significantly. Traders are closely monitoring the Fed's upcoming decisions, particularly as discussions around the extent and timing of potential rate cuts evolve.

Wall Street is increasingly concerned about a potential artificial intelligence (AI) bubble as doubts grow over the sustainability of the current investment climate, which has been buoyed since OpenAI's launch of ChatGPT three years ago. Despite ongoing financial inflows, the market is questioning whether the excitement surrounding AI can endure amid rising competition and risks.