Crypto

US Jobs Report Triggers Sell-Off in Gold Miners and Bitcoin Stocks

Guavy AI Editorial Team Published September 4, 2026

Instruments

BTC ABT GFI

A strong US jobs report has sent shockwaves through financial markets, with gold miners and bitcoin-linked equities taking a hit. The Labor Department reported nonfarm payrolls surged by 162,000 last month, far exceeding expectations of 55,000.

The robust labor metrics have strengthened the case for tighter Fed policy, elevating real yields and increasing the opportunity cost of holding non-interest-bearing assets like precious metals and cryptocurrencies.

Gold miners such as Barrick Gold Corp (NYSE:B), Newmont Corp (NYSE:NEM), Agnico Eagle Mines (NYSE:AEM), Kinross Gold Corp (NYSE:KGC), Royal Gold Inc (NASDAQ:RGLD), and Gold Fields Ltd (NYSE:GFI) all fell in tandem.

Crypto-linked stocks, including MicroStrategy Inc (NASDAQ:MSTR) and American Bitcoin Corp (NASDAQ:ABTC), also suffered losses alongside digital asset platforms Coinbase Global Inc (NASDAQ:COIN), Galaxy Digital Inc (NASDAQ:GLXY), and Bgin Blockchain Inc (NASDAQ:BGIN).

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