Gold Steady at $4,050 as Jobs Data Looms Over Fed Odds

Gold held near $4,050 an ounce on August 4, 2026, as investors awaited US labor data. Markets price a 65% chance the Fed cuts rates 25 basis points — a quarter-point — in September after holding steady in July. Strong jobs could lower those odds; weak ones could raise them. Lower rates make non-yielding gold more attractive by cutting the opportunity cost of holding it.