Analytical Reviews

Get the latest economic news from ForexMart, including updates on the financial market, central bank policy announcements, financial indicators, and other relevant news which can impact the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Gold holds its position at a weekly high amid weak data from the US labor market


August, 05 2025
watermark Economic news

On Tuesday, gold was trading without significant fluctuations, remaining near a weekly high after the publication of weak employment figures in the United States. Investors are counting on a Fed rate cut in September, which also supports quotes.


Spot gold is trading at $3,374 per ounce, with yesterday's high close to the high of $3,3783. Gold futures in the United States are holding at $3,425. The yield on 10-year US bonds has dropped to its lowest levels over the past month.


OANDA analyst Kelvin Wong noted that the current market sentiment plays into the hands of buyers, and expectations of a Federal Reserve rate cut remain a key factor. The probability of this step in September is estimated at 92%.


The decline in employment growth in the United States signals a slowdown in the labor market, which increases interest in gold as a protective asset. Additional tension in the markets is caused by Donald Trump's statement about the possible imposition of new duties on Indian imports due to purchases of Russian oil.


There were minor changes in other metals: silver fell by 0.1% to $37.37 per ounce, platinum – by 0.4% to $1,324.05, palladium decreased by 0.4% to $1,201.47.



    






コメントする

ForexMart is authorized and regulated in various jurisdictions.

(Reg No.23071, IBC 2015) with a registered office at First Floor, SVG Teachers Co-operative Credit Union Limited Uptown Building, Corner of James and Middle Street, Kingstown, Saint Vincent and the Grenadines

Restricted Regions: the United States of America, North Korea, Sudan, Syria and some other regions.


© 2015-2025 Tradomart SV Ltd.
Top Top
Risk Warning:
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.
Foreign exchange is highly speculative and complex in nature, and may not be suitable for all investors. Forex trading may result in a substantial gain or loss. Therefore, it is not advisable to invest money you cannot afford to lose. Before using the services offered by ForexMart, please acknowledge the risks associated with forex trading. Seek independent financial advice if necessary. Please note that neither past performance nor forecasts are reliable indicators of future results.