Commodities

Gold Prices Rise on Weakened Labor Market Expectations

Guavy AI Editorial Team Published August 9, 2026

Instruments

Gold

The US labor market data released on Friday has led to a significant drop in expectations of an interest rate hike by the Federal Reserve next month.

This development has sent gold futures prices soaring, with the spot price also experiencing an increase in early Asia trade.

The weak labor market data is expected to have a bearing on monetary policy decisions, and this uncertainty has contributed to the rise in gold prices.

The Wire

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