Signs of a US economic slowdown, the longest government shutdown on record, and mounting fears of an AI-driven market bubble weighed heavily on risk sentiment this week ended November 7. This risk-off tone helped gold prices rebound from one-month lows, while all three major US equity benchmarks ended in the red. The tech-heavy Nasdaq bore the brunt of the AI-sector selloff, sliding 3 percent for the week, its steepest decline since April.

The greenback jumped to a three-month high of 100.36 after a five-day winning streak, following comments from Fed Chair Jerome Powell, who said another rate reduction was “not a foregone conclusion,” tempering expectations for a December cut. Powell highlighted divisions within the FOMC and the challenges of limited data amid the ongoing government shut

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