Markets News

Non-farm payroll data reignited expectations of a September rate hike by the Federal Reserve, causing international gold prices to fall by more than 2% at one point during the session! Is it a good time to buy?

Non-farm payroll data reignited expectations of a September rate hike by the Federal Reserve, causing international gold prices to fall by more than 2% at one point during the session! Is it a good time to buy?

· The US added 162,000 non-farm payroll jobs in August, nearly three times the market expectation. The combined increase in June and July non-farm payrolls was revised upwards by 55,000, fueling expectations of a Federal Reserve interest rate hike. This news is bullish for the US dollar and bearish for the Japanese yen and the euro. · Trump: If the Federal Reserve does not lower interest rates, the United States will stop trading with many countries. This news is bearish for the dollar and bullish for gold. · France has consolidated all of its national gold reserves domestically. This news is bullish for gold.

TOPONE Markets Analyst
2026-09-07 08:30:00
    • 1
    • 2
    • 3
    • 4
    • 5
    • 6
    • 115
    • 1
    • 2
    • 3
    • 4
    • 5
    • 6
    • 115