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FinanceGold Jumps 2.8% as Weak US Jobs Data Eases Fed Rate Hike Fears
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Gold prices surged 2.8% following the release of weaker-than-expected US job numbers, which reduced market expectations for a Federal Reserve interest rate hike. According to the CME FedWatch tool, traders now see a nearly 51% chance of a rate hike by September, down from 66% previously. The rally extended a two-day recovery for bullion from its lowest level in almost seven months. The softer labor market data eased fears of aggressive monetary tightening, boosting demand for gold as a safe-haven asset. The article was published by The Business Times Singapore on July 3, 2026.
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Publication Date: July 3, 2026
Gold Jumps 2.8% After Soft US Job Numbers Ease Fed Rate Hike Fears
Traders now see a nearly 51% chance of a rate hike by September, down from 66% previously, according to the CME FedWatch tool.
Published: Fri, Jul 3, 2026 · 08:50 AM
Source: LONDON / BENGALURU
Gold prices surged 2.8% on Friday, extending a two-day recovery from their lowest level in nearly seven months. The rally followed the release of weaker-than-expected US jobs data, which eased fears of further interest rate hikes by the Federal Reserve.
Key highlights from the market reaction include:
- Rate hike expectations drop: The probability of a rate hike by September fell to nearly 51%, down from 66% prior to the data release.
- Bullion rebounds: The precious metal continued its rebound after hitting multi-month lows earlier in the week.
Source
The Business TimesRegional
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Gold Surges on Easing Fed Rate Hike Expectations After Weak US Jobs Data