Gold Prices Plummet on Minor Downward Revision in Nonfarm Payroll Data

Gold prices plummeted in response to the US Bureau of Labor Statistics' minor downward revision to nonfarm payroll numbers for March 2026. The total nonfarm employment was revised down by 79,000 jobs, a -0.1% decrease that had an impact on market sentiment.

The announcement coincided with Fed Chair Warsh's Jackson Hole speech and consumer sentiment data, further influencing the market trend. Spot gold hit its session low of $4,543.80 before recovering slightly to $4,564.05 per ounce, down 0.83% for the session.