Jul 3, 2026
positiveGold Climbs 1.47% to $4,183 as 57K Jobs Print Deflates Fed Hike Bets — Dollar Falls to Two-Week Low
Gold futures rose 1.47% to $4,183.45 per ounce on Friday as the dollar fell to a two-week low after the June jobs report showed only 57,000 new positions — well below the 110,000 forecast — sharply reducing expectations for Federal Reserve rate hikes. Gold had bounced from an eight-month low below $4,000 earlier in the week, and the payroll miss now extends that rebound. J.P. Morgan forecasts gold averaging $6,000 by year-end 2026 if geopolitical tensions remain elevated.