Gold surges above $4,230, silver tops $62 on weak jobs data
Gold jumped more than 3% to around $4,230 an ounce, rising for a third straight day, while silver topped $62.25. The rally was driven by weak U.S. jobs data and easing inflation fears, which reduced expectations for further Fed rate hikes. Peter Schiff attributed the move to the July ADP report, with gold up $180 and silver nearly $3.
Detected & updated continuously · Source: Nebula
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@TU_Crypto_News
Gold rose above $3,250 for the first time since June, while silver topped $62.25, as precious metals rallied sharply after weak U.S. jobs data. Peter Schiff said the July ADP report helped drive the move, with gold up $180 and silver nearly $3.
@coinbureau
🚨ALERT: Gold jumped more than 3% to around $4,230 an ounce, rising for a third straight day. Easing inflation fears also reduced expectations for further Fed rate hikes, boosting demand for gold and silver. https://t.co/w6B69RbCVp
@DeItaone
SPOT GOLD EXTENDS GAINS, RISES NEARLY 4% TO $4,238.29/OZ
@TU_Crypto_News
Gold jumped 4.4% intraday and the GDX gold miners ETF rose 7.8%, a move Axel Merk says shows how hard markets are to time. Backdrop: central banks bought 288.9 tonnes of gold in Q2, the highest quarterly total since late 2024.