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Gold poised for best week in three months; US jobs data on tap
Gold prices rose on Friday and were on track for their best week in three months, supported by growing expectations of a U.S. interest rate cut this month, as attention turns to the U.S. non-farm payrolls data due later in the day. Spot gold was up 0.3% at $3,556.21 per ounce, as of 0332 GMT, hovering near an all-time high of $3,578.50 touched on Wednesday. Bullion has risen 3.2% so far this week. U.S. gold futures for December delivery gained 0.2% to $3,615. “Gold is creeping higher today, with traders not willing to try and push the price too much higher until we see the non-farm payrolls print,” said KCM ... (full story)
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Total nonfarm payroll employment changed little in August (+22,000) and has shown little change since April, the U.S. Bureau of Labor Statistics (BLS) reported today. The unemployment rate, at 4.3 percent, also changed little in August. A job gain in health care was partially offset by losses in federal government and in mining, quarrying, and oil and gas ...
The BLS is experiencing technical difficulties ahead of the Nonfarm Payrolls data at 08:30 ET.
From finance.yahoo.com | Sep 4, 2025
The US labor market is slowing down. After a round of weaker-than-expected job market figures this week, the Bureau of Labor Statistics (BLS) will release the August jobs report on Friday morning at 8:30 a.m. ET. The report is expected to confirm these trends seen elsewhere in the US economy. Economists expect the US economy added 75,000 jobs in August ...
