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Gold Holds Gains As Weak US Jobs Data Lowers Rate Hike Odds

Gold Holds Gains As Weak US Jobs Data Lowers Rate Hike Odds
Bloomberg Markets Friday 03 July 2026, 00:08 UTC By Yihui Xie 1 min read
Key Points

Gold Holds Gains As Weak US Jobs Data Lowers Rate Hike Odds Gold held two days of gains after weak US jobs data reduced the chances of the Federal Reserve raising interest rates this year to tackle inflation. Bullion was trading around $4,130 an ounce after gaining 2.3% the previous session, the most in three weeks. US hiring slowed sharply in June, data released Thursday showed, suggesting the labor market still faces challenges despite signs of strength in recent months.

Gold Holds Gains As Weak US Jobs Data Lowers Rate Hike Odds Gold held two days of gains after weak US jobs data reduced the chances of the Federal Reserve raising interest rates this year to tackle inflation. Bullion was trading around $4,130 an ounce after gaining 2.3% the previous session, the most in three weeks. US hiring slowed sharply in June, data released Thursday showed, suggesting the labor market still faces challenges despite signs of strength in recent months.
Gold Holds (ORG) US (LOCATION) the Federal Reserve (ORG)
Originally published by Bloomberg Markets Read original →

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