Gold Advances Amid Stronger U.S. Dollar Despite Jobs Data Easing Fed Rate Hike Expectations

Gold rallied sharply as June U.S. payrolls signaled slower job growth, tempering expectations for a hawkish Federal Reserve stance through 2025. The weaker labor momentum shifted rate-risk toward lower yields, supporting gold prices in the session.

Analysis

Gold rallied sharply as June U.S. payrolls signaled slower job growth, tempering expectations for a hawkish Federal Reserve stance through 2025. The weaker labor momentum shifted rate-risk toward lower yields, supporting gold prices in the session.