Next week's macro outlook: Gold and silver bulls falter, CME and non-farm payrolls "deal the final blow"?

PANews January 31 News, in the last trading week of January, the precious metals market experienced extreme fluctuations, akin to meme stocks with intense volatility. Gold continuously broke through multiple hundred-dollar thresholds, approaching $5600 per ounce, while silver temporarily hit a new all-time high above $121 per ounce, but both then faced a dramatic reversal. The trigger for this plunge was the market’s relief over Trump’s appointment of Kevin Warsh as the next Federal Reserve Chair, alleviating concerns about the Fed’s independence. Over the next week, investors will continue to digest a series of developments from Friday, including the impact of Warsh’s nomination and the epic plunge in precious metals prices. Here are the key points to watch in the upcoming week: Monday 23:00, US January ISM Manufacturing PMI; Tuesday 1:30, FOMC voter for 2027, Atlanta Fed President Bostic’s speech; Tuesday 22:40, Federal Reserve Board Member Bowman’s speech; Tuesday 23:00, US December JOLTs Job Openings; Thursday 20:30, US January Challenger Job Cuts; Thursday 21:30, US initial jobless claims for the week ending January 31; Thursday 23:50, FOMC voter for 2027, Atlanta Fed President Bostic participates in a monetary policy dialogue and Q&A; Friday 21:30, US January Unemployment Rate, US January seasonally adjusted Non-Farm Payrolls, US 2025 Non-Farm Employment Benchmark Final (not seasonally adjusted); Friday 23:00, US February 1-year inflation expectations initial estimate, US February University of Michigan Consumer Sentiment Index initial estimate.