Despite a government shutdown delaying the September jobs report, the index rose another +1.08% last week, pushing its year-to-date gain to +14.2%. Gold’s relentless rally also continued, setting new record highs nearly every week since breaking out in March 2024. The sustained momentum reflects abundant market liquidity as the Fed begins easing interest rates — a factor that may also be fueling strength in both equities and crypto markets.
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