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Gold Advances on Dollar Weakness as Jobs Data Beats Expectations
Gold traded higher on Friday amidst a weaker US dollar and despite a strong US labor market, with gold futures trading higher by $19.80 or 0.42% to close at $4,730.70. Silver futures climbed back above $80 after today’s gain of $0.68 or 0.85%, taking silver futures to $80.86. The primary factor was dollar weakness, which accounted for all of gold’s moves today falling by 0.47% closing near a two-month low at 97.81. The dollar index fell today despite a strong jobs report coming in at 115,000 new jobs added in April. While this number is down considerably from March’s jobs numbers of 160,000 it still came in ... (full story)
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From kitco.com | May 9, 2026
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Gold is moving higher as traders focus on weaker dollar, falling Treasury yields, and lower oil prices. U.S. dollar pulled back against a broad basket of currencies despite strong Non Farm Payrolls report. The report showed that U.S. economy added 115,000 jobs in April, exceeding the analyst forecast of 62,000. Weaker dollar is bullish for gold as it makes ...
