Gold and silver rally as NFP miss dents Fed-hike bets

Spot gold and silver are sharply higher after Thursday’s June employment report, with payrolls coming in weaker than expected. The softer jobs data pressured the U.S. dollar and reduced near-term Federal Reserve tightening expectations, supporting precious metals prices. The move is consistent with a market repricing toward lower yields and more accommodative rate expectations.

Analysis

Spot gold and silver are sharply higher after Thursday’s June employment report, with payrolls coming in weaker than expected. The softer jobs data pressured the U.S. dollar and reduced near-term Federal Reserve tightening expectations, supporting precious metals prices. The move is consistent with a market repricing toward lower yields and more accommodative rate expectations.