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Gold Surges As Non-Farm Payroll Data Supports Rate Cut
Gold prices moved solidly higher on Friday following weaker-than-expected US jobs data that reinforced expectations of a Federal Reserve rate cut in September along with prevailing weakness in the U.S. dollar. Front Month Comex Gold for September delivery jumped by $47.40 (or 1.33%) to $3,613.20 per troy ounce today. Notably, gold gained substantially by $139.50 (or 4.02%) per troy ounce this week. Today's price is a new record high for gold, which has moved higher for three consecutive weeks. Front Month Comex Silver for September delivery rose by 16.30 cents (or 0.40%) to $41.074 per troy ounce today. Silver surged ... (full story)
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The poor US employment data fanned speculation of a 50 bp rate cut when the Fed meets on September 17. Even though more unwelcome news from the labor market is expected with next week's BLS annual benchmark revisions that could wipe out 500k-1 mln jobs (the adjustment last year was 818k lower), the risk of a large Fed cut may be exaggerated. An acceleration ...
Rate-cut expectations surged this morning following the weak labor market signals from the payrolls report with 2025 now pricing in 3 full cuts... chart As we predicted, the chance of a 50bps cut in September are also rising, but for now it appears 25bps in each of Sept, Oct, and Dec is the most likely outcome... chart As The Wall Street Journal's fed ...
From cnbc.com | Sep 7, 2025
Gold prices notched another fresh record this week as more investors piled into the metal amid economic uncertainty and rising bets for a Federal Reserve rate cut. So far this year, bullion has gained about 35% as of Friday’s close. Spot gold is now near $3,600 an ounce. “Without a doubt, gold has been trending higher, and it’s getting a lot of attention ...
