Gold Surges 2% and Silver Jumps 4% on Weak NFP Data
2026-07-02 21:04

Woofun AI reports that gold prices increased by 2% following the release of weaker-than-expected U.S. Non-Farm Payrolls data. The U.S. Bureau of Labor Statistics recorded 57,000 new jobs in June, significantly below the analyst prediction of 115,000. This shortfall alleviated concerns regarding future interest rate hikes, while remarks from Federal Reserve Chairman Walsh further eased market fears. Consequently, stock markets and commodity prices rallied, with silver rising by 4%.

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