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Commodities

Gold Price Plummets as US Jobs Data Surpasses Expectations

Guavy AI Editorial Team
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Gold
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Global markets were on high alert for the latest US non-farm payrolls data, and it's safe to say that the results exceeded expectations. On September 4th, 2026, at 3:50 PM local time, the numbers were released, showing an increase of 162 thousand jobs in August.

This figure far surpassed the predicted range of 53-58 thousand jobs, leaving analysts scrambling to understand the implications. The unemployment rate remained steady at 4.1 percent.

The news sent shockwaves through the markets, with gold taking a significant hit. Spot gold plummeted by $95 within minutes of the announcement, and gram gold declined from 6,950 lira levels to 6,845 lira levels.

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