Gold hit a 7-week high the moment weak jobs data landed.
Fed hike odds for September just dropped from 57% to 46%.
Here's why the next data point (not this one) will decide if the rally holds:https://insights.exness.com/deep-dives/weak-nfp-gold-price-forecast/
Exness
Weak NFP Sends Gold to 7-Week High | Rate Outlook
Weak NFP data pushed gold to a 7-week high as Fed rate-hike odds fell. See the nonfarm payrolls gold reaction and what's next for XAUUSD.
11
3August 14, 2026 2.5K 1
