Live Roundups Editor's Desk Insights Executive Ops Weather About 🔍
Home › Business & Finance › Gold Holds Gain After Soft US Jobs Data Eases Rate-Hike Concerns
Business & Finance

Gold Holds Gain After Soft US Jobs Data Eases Rate-Hike Concerns

Bloomberg Markets Sunday 09 August 2026, 23:30 UTC By Robin Paxton 1 min read
Key Points

Gold Holds Gain After Soft US Jobs Data Eases Rate-Hike Concerns Gold steadied after its biggest weekly gain since January, with traders assessing a surprise contraction in the US jobs market that allayed concerns around an interest-rate hike. Bullion was near $4,345 an ounce in early trading, having added more than 7% last week. Data published Friday showed US employers cut jobs in July while hiring in the prior two months was revised lower, suggesting the labor market is weaker than...

Gold Holds Gain After Soft US Jobs Data Eases Rate-Hike Concerns Gold steadied after its biggest weekly gain since January, with traders assessing a surprise contraction in the US jobs market that allayed concerns around an interest-rate hike. Bullion was near $4,345 an ounce in early trading, having added more than 7% last week. Data published Friday showed US employers cut jobs in July while hiring in the prior two months was revised lower, suggesting the labor market is weaker than previously thought.
Gold Holds Gain After Soft US Jobs Data (ORG) US (LOCATION) Data (ORG)
Originally published by Bloomberg Markets Read original →

Related Stories

Asia stocks edge higher, oil up amid Gulf confusion

Asia stocks edge higher, oil up amid Gulf confusion SYDNEY, Aug 10 : Asian share markets tracked Wall Street higher on Monday after a soft U.S. jobs report pared the risk of a near-term rise in borrowing costs, though a lack of progress in Gulf peace talks saw oil prices creep higher. Iran said on Sunday that a deal with Oman defining new shipping lanes in the Strait of Hormuz was in its final stages but reiterated that the waterway would only reopen once the United States met other...

Channel News Asia 51m ago

Asia stocks edge higher, oil up amid Gulf confusion

Asia stocks edge higher, oil up amid Gulf confusion Brent crude added 0.9 per cent to US$84.32 a barrel as shipping through the vital waterway remained at a trickle, while US crude rose 0.7 per cent to US$78.74 a barrel. Asian share markets tracked Wall Street higher on Monday (Aug 10) after a soft US jobs report pared the risk of a near-term rise in borrowing costs, though a lack of progress in Gulf peace talks saw oil prices creep higher. Iran said on Sunday that a deal with Oman defining...

Channel News Asia 51m ago

Indonesia’s strong GDP data prompts ‘resilient but uneven’ growth forecasts

Indonesia’s faster-than-expected economic growth in the second quarter has offered a ray of hope for a sustainable turnaround after months of negative news over the rupiah, investor confidence and global uncertainties. Analysts, however, urged caution about the country’s economic outlook in the coming quarters, saying the latest data also revealed uneven sectoral performance and a reliance on government spending. Southeast Asia’s largest economy grew 5.29 per cent year on year in the...

South China Morning Post 1h ago

DatVietVAC Advances Vietnam IPO as It Looks to Korea Playbook

DatVietVAC Advances Vietnam IPO as It Looks to Korea Playbook DatVietVAC Group Holdings., producer of some of Vietnam’s highest-rated television programs, is pursuing an initial public offering as it seeks to replicate the success of South Korea’s entertainment giants. The company is offering more than 11.15 million shares at an initial price of 54,800 dong each from Aug. 5 to Sept. 7. Following the IPO, its charter capital is expected to exceed 1.1 trillion dong, valuing the company at...

Bloomberg Markets 1h ago