Gold rises as dollar slips, focus turns to US jobs data | Metals Mine

  • Gold rises as dollar slips, focus turns to US jobs data

    From msn.com

    Gold prices rose on Monday, buoyed by a softer dollar as investors braced for a week packed with U.S. economic data that could offer more clues on the U.S. Federal Reserve's monetary policy. Spot gold rose 2.1% to $5,063.88 per ounce by 11:12 a.m. ET (1612 GMT), extending a 4% rally from Friday. U.S. gold futures for April delivery also gained 2.2% to $5,087.10 per ounce. The U.S. dollar fell 0.8% to a more than one-week low, making greenback-priced bullion cheaper for overseas buyers. "The big mover today (in gold prices) is the U.S. dollar," said Bart Melek, global head of commodity strategy at TD ... (full story)

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traderathome
Feb 9, 2026 1:07pm
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Yep. The focus (as usual) turns to US jobs data... the most F__ked Up burlap bag of bullshit data ever made and prostituted over the decades... "Whatever it takes to keep the Market on its' feet!" Good luck to all of us!
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The Fool
Feb 9, 2026 1:43pm
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An employment recession married to an ever-inflating stock market. What could go wrong? Manufacturing jobs disappeared by 90,000 in 2025. But that was the Biden economy. When all the tariffs are in place, I'm sure those jobs will come back. (You'll take a factory job making widgets or you'll starve.)
K2MRapidSyn
Feb 9, 2026 11:34pm
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"To what extent will the weak-dollar policy continue?"
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Trader#2618
Feb 9, 2026 4:24pm
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Quoting The Fool
An employment recession married to an ever-inflating stock market. What could go wrong? Manufacturing jobs disappeared by 90,000 in 2025. But that was the Biden economy. When all the tariffs are in place, I'm sure those jobs will come back. (You'll take a factory job making widgets or you'll starve.)
And what jobs would be suitable for 325+ million people living in the USA?
Reply
Issou65gmail
Feb 11, 2026 2:51am
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Today the market is a joke
Reply
Trader#9A45
Feb 11, 2026 4:32am
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Brother, what do you want to do? I want to buy and sell gold today.
Reply

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