# nonfarm payrolls

Markets at a Crossroads: AI Frenzy, Fed Timing and the Gold–Silver Litmus Test

Markets are exhibiting high-speed, narrative-driven volatility driven by conflicting signals from labor and inflation data and the AI debate. Next week's US Q4 GDP release and the performance of software stocks—and the divergence between gold and silver—will be pivotal in determining whether the recent sell-off ends or resumes.