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Gold Rebounds Above $4,100 as Soft Jobs Data Curbs Fed Rate-Hike Bets
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)
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From zawya.com | 6 hr ago
Gold rose on Friday and was set for a weekly gain after four straight weeks of declines, as weak U.S. jobs data dampened expectations for a near-term Federal Reserve rate hike. Spot gold was up 1.3% at $4,176.29 per ounce by 1006 GMT, after hitting its highest since June 23. Bullion held above its 21-day moving average and is up over 2% for the week so ...
From brecorder.com | 17 hr ago
Gold rose on Friday and was headed for its first weekly gain in five, as investors dialled back expectations of Federal Reserve interest rate hikes following softer-than-expected US jobs data. Spot gold was up 0.5% to $4,144.83 per ounce, as of 0052 GMT, rising to its highest level since June 23. US gold futures for August delivery gained 0.8% to ...
From vtmarkets.com | 23 hr ago
Gold rose as the US Dollar slid after a weaker US Nonfarm Payrolls report, with XAU/USD trading around $4,120, up nearly 2.20% on the day. The US Dollar Index (DXY) fell to about 100.75, a two-week low, while speculation about possible action from Tokyo followed the JPY hitting a 40-year low earlier in the week. US data showed 57K jobs added in June versus ...
