Gold Clears $4,300 as Weak U.S. Jobs Data Dents Rate-Hike Bets

Spot gold jumped 2.3% to $4,336.02 on August 7, 2026 — its highest since June 17 — after soft U.S. payrolls data weakened the case for further Federal Reserve rate hikes. Pepperstone reported gold broke a six-week range, clearing $4,300 on August 10. Softer payrolls mean less upward pressure on borrowing costs, which lifts non-yielding assets like gold.