New York, 2 July 2026 – Gold prices climbed more than 2% after weaker-than-expected United States payrolls data revived investor hopes that the Federal Reserve may have less room to tighten monetary policy, sending the dollar lower and boosting demand for the precious metal.
Spot gold rose 2.2% to US$4,116.54 an ounce, while US gold futures settled 1.1% higher at US$4,125.70. The move reflected a sharp shift in market expectations after the US economy added only 57,000 jobs in June, well below forecasts of 110,000.
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