Gold and Silver Prices Soar Amid Weaker Labor Market Signals

Gold and silver prices rose in early U.S. trading due to weaker labor market signals and lower Treasury yields.

Fed Governor Christopher Waller's less aggressive stance also contributed to the increase, with spot gold rising 2.28% to $4,488.80 an ounce and silver gaining 1.88% to $66.55.

The market is awaiting key U.S. economic reports, including the August jobs data, to confirm if labor softness will limit Fed rate hikes in September.