{"id":118471,"date":"2025-09-05T09:51:00","date_gmt":"2025-09-05T05:51:00","guid":{"rendered":"https:\/\/noortrends.ae\/en\/?p=118471"},"modified":"2025-09-05T09:51:04","modified_gmt":"2025-09-05T05:51:04","slug":"gold-prices-climb-set-for-weekly-gains-ahead-of-u-s-jobs-report","status":"publish","type":"post","link":"https:\/\/noortrends.ae\/en\/gold-prices-climb-set-for-weekly-gains-ahead-of-u-s-jobs-report\/09\/05\/market-updates\/","title":{"rendered":"Gold Prices Climb, Set for Weekly Gains Ahead of U.S. Jobs Report"},"content":{"rendered":"\n

<\/p>\n\n\n\n

Gold prices advanced in Asian trading on Friday, holding close to record highs as investors ramped up bets on a September Federal Reserve rate cut<\/strong>. Focus now turns to the upcoming nonfarm payrolls report<\/strong>, which could reinforce expectations for policy easing.<\/p>\n\n\n\n

Gold Maintains Bullish Momentum<\/h3>\n\n\n\n
    \n
  • Spot gold<\/strong> rose 0.4% to $3,559.82\/oz<\/strong>, while December futures<\/strong> gained 0.3% to $3,617.87\/oz<\/strong> by 01:04 ET (05:04 GMT).<\/li>\n\n\n\n
  • Prices hit a record high of $3,578.80\/oz<\/strong> earlier this week.<\/li>\n\n\n\n
  • Gold is on track for a 3.2% weekly gain<\/strong>, marking its third consecutive week of strong gains<\/strong>.<\/li>\n<\/ul>\n\n\n\n

    The yellow metal has been supported by:<\/p>\n\n\n\n

      \n
    • Growing conviction in a September Fed cut.<\/li>\n\n\n\n
    • Persistent safe-haven demand<\/strong>, with traders wary of U.S. trade tariffs, Fed independence concerns, and rising debt levels<\/strong> in developed economies.<\/li>\n<\/ul>\n\n\n\n

      Fed Expectations Drive Rally<\/h3>\n\n\n\n
        \n
      • Jobless claims and job openings earlier in the week showed weaker-than-expected readings<\/strong>, signaling a cooling labor market.<\/li>\n\n\n\n
      • Several Fed officials hinted that the central bank is more open to easing.<\/li>\n\n\n\n
      • Traders now price in a 96% probability<\/strong> of a 25-basis-point cut<\/strong> at the September 16\u201317 Fed meeting<\/strong> (CME FedWatch).<\/li>\n<\/ul>\n\n\n\n

        Lower rates typically boost gold and other non-yielding assets<\/strong>, as they reduce the opportunity cost of holding metals over bonds.<\/p>\n\n\n\n

        Broader Metal Markets Positive<\/h3>\n\n\n\n
          \n
        • Platinum<\/strong> rose 0.6% to $1,383.20\/oz<\/strong>, up 1.1% for the week.<\/li>\n\n\n\n
        • Silver<\/strong> gained 0.5% to $40.8615\/oz<\/strong>, climbing nearly 3% weekly.<\/li>\n\n\n\n
        • Copper<\/strong> strengthened, with LME futures up 0.7% to $9,957.05\/ton<\/strong>, and COMEX contracts up 0.6% to $4.5932\/lb<\/strong>.<\/li>\n<\/ul>\n\n\n\n

          Nonfarm Payrolls in Focus<\/h3>\n\n\n\n

          Markets are now watching the U.S. jobs report at 08:30 ET (12:30 GMT)<\/strong>. Economists expect it to confirm weak labor market conditions<\/strong>, further priming the Fed for a September cut.<\/p>\n\n\n\n

          If payrolls surprise on the downside, gold could test fresh record highs. Conversely, a stronger-than-expected report may temporarily cap bullion\u2019s rally.<\/p>\n\n\n\n

          <\/p>\n","protected":false},"excerpt":{"rendered":"

          Gold prices advanced in Asian trading on Friday, holding close to record highs as investors ramped up bets on a September Federal Reserve rate cut. Focus now turns to the upcoming nonfarm payrolls report, which could reinforce expectations for policy easing. Gold Maintains Bullish Momentum Spot gold rose 0.4% to $3,559.82\/oz, while December futures gained …<\/p>\n","protected":false},"author":9,"featured_media":81892,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[38,6827,49,37,36],"tags":[],"class_list":["post-118471","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-commodities-news","category-daily-economic-reports","category-economic-reports","category-forex-markets","category-market-updates"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118471","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=118471"}],"version-history":[{"count":1,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118471\/revisions"}],"predecessor-version":[{"id":118472,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/118471\/revisions\/118472"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/81892"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=118471"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=118471"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=118471"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}