Gold Set to Shine? Will US Jobs Crush the Dollar

This week sees a belated US jobs report, arriving at a time when markets face significant uncertainty over what the Fed will prioritise in the near future. Weakness in the labour market could strengthen calls for easing, despite concerns that Warsh may adopt a more hawkish stance. However, the apparent push for a Fed-Treasury accord has raised questions over independence and heightened expectations that monetary policy may be shaped as much by the White House as by the data. Chief Market Analyst Joshua Mahony analyses the importance of this release and how markets, including the DXY, gold, and the Dow, may respond.