Gold Prices Stabilize After Two-Day Rally Fueled by Weak U.S. Job Data

Timeless Wealth: How Gold and Silver Have Anchored Economic Stability for Centuries

Gold prices remained steady after a two-day rally fueled by weak U.S. job data.

Spot gold was priced near $3,353 per ounce, down 0.6%, while U.S. gold futures gained 0.2% to $3,407.10. The soft employment report has heightened expectations for a Federal Reserve rate cut in September, with traders assessing a 93% chance.

Gold has gained nearly 30% this year amid escalating trade wars, geopolitical conflicts, and central bank buying, with some analysts predicting prices could hit $4,000 per ounce by the end of next year.