View full page at metalsmine.com

 

Gold Rebounds Above $4,100 as Soft Jobs Data Curbs Fed Rate-Hike Bets

From thegoldforecast.com

Gold rebounded from a seven-month low this week, breaking back above the closely watched $4,100 level on Thursday after a disappointing June employment report reshaped trader expectations for the Federal Reserve's next move, while a fresh pullback in oil prices took some of the edge off inflation concerns. Spot prices climbed more than 2% on the day to change hands above $4,130 an ounce, extending a recovery that began earlier in the week as bullion clawed back from its weakest levels since late 2025. The move was triggered by a Labor Department report showing U.S. nonfarm payrolls rose by just 57,000 in June, far ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis