Gold rises ahead of monthly US jobs data

Gold bars

Gold prices rose on Friday, supported by hopes that the Federal Reserve will resume interest rate cuts following weaker-than-expected US jobs data, which also heightened concerns about a slowdown in the world’s largest economy.

 

Gold futures (Dec. delivery) gained 1.3% ($46.6) to $3,653.30 per ounce, marking a weekly gain of 4%.

 

The monthly jobs report showed the US economy added only 22,000 jobs in August, down from 79,000 in July, and well below expectations of 75,000.

 

This data reinforced expectations for a Fed rate cut at its upcoming September meeting, while also boosting safe-haven demand for gold amid concerns over the US labor market and broader economic outlook.

Comments {{getCommentCount()}}

Be the first to comment

{{Comments.indexOf(comment)+1}}
{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
loader Train
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Commodity Price

 
Gold
4,102.97
(47.90) (1.13%)
Silver
59.64
(0.03) (0.05%)

Join Us

Argaam.com Copyright © 2026, Argaam Investment, All Rights Reserved
Call Request