Coin World News: Better-than-expected demand boosted gold prices as lower-than-expected U.S. nonfarm payroll data came out. After a slight dip before the report was released, gold is currently up 2%. Data from the U.S. Bureau of Labor Statistics shows that in June, only 57,000 nonfarm payroll jobs were added, below analysts’ previous forecast of 115,000. This unexpected figure pushed stocks and commodity prices higher, easing market concerns about future rate hikes, and Fed Chair Walsh’s remarks also dulled worries about interest rates. The most actively traded silver also rose, up 4%.

GLDX2.17%
PAXG2.05%
XAU1.99%
XAG2.73%
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RouterRunner
· 6h ago
57k vs 115k, the gap is just too big—the market is celebrating like crazy.
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StainedGlassSolarArray
· 7h ago
Warsh’s remarks, backed by data, provided a double boost for precious metals, with silver rising even more sharply.
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RugpullTherapist
· 7h ago
Non-farm payroll data was a huge disappointment, expectations of rate hikes have cooled, and this rebound in gold was expected.
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BittersweetArb
· 7h ago
Gold up 2%, silver up 4%. This comparison of elasticity is interesting—does capital favor industrial metals more?
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EraPuzzleMaster
· 7h ago
Signals of a cooling job market are clear, and the probability of a Fed rate cut in September has risen again.
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