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Gold Rebounds on Weak U.S. June Payrolls, 57K Jobs vs 113K Expected

2026-07-06 03:49:15

According to Guru Club analysis, gold prices stabilized last week after U.S. June nonfarm payrolls came in at only 57,000, far below market expectations of 113,000. London spot gold rose over 2% for the week. The weaker-than-expected employment report cooled Fed rate-hike expectations, with Fed Chair Powell signaling the central bank will abandon forward guidance and rely on real-time economic data. The unemployment rate declined to 4.2%, but largely reflected workers exiting the labor force rather than job creation.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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