BEARISH 65 BeInCrypto 1H ago · 3 min read 1 read

US Jobs Smash Forecasts, Sending Gold and Bitcoin Lower

AI summary

The US economy added 165,000 jobs in October, beating forecasts and pushing gold and Bitcoin lower. The stronger labor data shifts expectations around a December Fed hike, which traders read as tighter policy ahead. Higher rate odds tend to pressure risk assets like crypto, explaining the sell-off.

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Narrative history

4 linked stories · 5 outlets · since 6 Nov

18M AGO

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US Jobs Smash Forecasts, Sending Gold and Bitcoin Lower

BeInCrypto · Score 65
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