MoneyWorks4Me

Gold futures finish sharply higher after weak jobs report

06 Aug 2026 Evaluate
Gold futures finished sharply higher on Wednesday, kindled by the safe haven appeal after US private job growth slowed significantly in July with only 44,000 new jobs. Moreover, weakness in dollar and falling Treasury bond yield notes buoyed investment appeal of the bullion.

Gold futures for December delivery soared by $152.60 to 3.67% to settle at $4,305.20 an ounce on the Comex division of the New York Mercantile. While, spot gold up by $20.25 or 0.48% to $4,267.07 an ounce.

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