Gold prices rose on Non-Farm Payrolls day and then fell back, still up more than 2.3% this week with support from expectations of a Fed rate cut

Wallstreetcn
2024.08.02 21:19

Spot gold fell by 0.12%, closing at $2443.24 per ounce. It slightly rose around 20:30 Beijing time when the US non-farm payroll report was released, quickly hitting a daily high of $2477.68, followed by a dip around 22:20 and refreshing a daily low of $2410.91 at 23:15. It has accumulated a 2.35% increase this week, showing a overall trend of oscillation and upward movement.

Spot silver rose by 0.13%, closing at $28.5597. During the non-farm night, it also dipped from $29.2 and refreshed a daily low of $27.9465, with a weekly increase of 2.12%.

COMEX gold futures rose by 0.21%, closing at $2486.10 per ounce, with a weekly increase of 2.11%; COMEX silver futures rose by 0.07%, with a weekly increase of 2.23%

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