Spot Gold Intraday Gain Expands to 3% Amid Weak US Jobs Data

Gold hits $4,368.18/oz, highest since June 17, as July non-farm payrolls miss expectations by missing 80k forecast with a 23k decline.

Woofun AI data shows that spot gold prices climbed 3% intraday to reach $4,368.18 per ounce, marking the highest valuation since June 17. This price action coincided with U.S. labor market data revealing a July non-farm payroll decline of 23,000 jobs, significantly underperforming the expected increase of 80,000 and reversing the prior month's gain of 57,000.