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XAU/USD loses ground to near $3,350, weaker US jobs data might cap downside
The Gold price (XAU/USD) edges lower to around $3,360, snapping the two-day winning streak during the early Asian session on Monday. Nonetheless, weak US job data and tariff fears might weigh on the US Dollar (USD) and help limit the USD-denominated commodity’s losses. The yellow metal loses traction due to the rebound in the Greenback. The potential upside for Gold might be limited as an underwhelming US Nonfarm Payrolls (NFP) data boosted expectations of a Federal Reserve (Fed) rate cut. The US NFP rose by 73,000 in July, versus a 14,000 increase (revised from 147,000) prior, the US Bureau of Labor Statistics ... (full story)
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From fxstreet.com | Aug 4, 2025
Gold price (XAU/USD) clings to gains near Friday’s high around $3,350 during the European trading session on Monday. The precious metal trades firmly as cooling labor market conditions have forced traders to raise bets supporting interest rate cuts by the Federal Reserve (Fed) in the September meeting. Lower interest rates by the Fed bode well for ...
From brecorder.com | Aug 4, 2025
London copper rose on Monday, helped by a softer dollar after weaker-than-expected U.S. jobs data boosted bets for a Federal Reserve interest rate cut in September. Three-month copper on the London Metal Exchange was up 0.4% at $9,665.50 per metric ton, as of 0414 GMT. The most-traded copper contract on the Shanghai Futures Exchange was steady at 78,240 ...
Though it may have been controversial, the July jobs report helped confirm the notion that the U.S. economic engine is sputtering. Nonfarm payrolls rose by just 73,000 for the month, below even the muted expectations. Heavy downward revisions to the May and June count took the three-month average job gains down to just 35,000, or less than one-third the ...
