Markets News

US non-farm payrolls data was surprisingly weak, causing spot gold to rebound to $4,100!

US non-farm payrolls data was surprisingly weak, causing spot gold to rebound to $4,100!

· U.S. nonfarm payrolls increased by 57,000 in June, below market expectations of 110,000. The combined increase in nonfarm payrolls for April and May was revised downwards by 74,000. This news is bearish for the U.S. dollar. · India will expand its crude oil reserves to hedge against the risk of soaring oil prices. This news is bullish for crude oil. · Tesla delivered 480,000 vehicles in the second quarter, exceeding market expectations of 402,000. This news is positive for Tesla.

TOPONE Markets Analyst
2026-07-03 08:30:00
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