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Gold and silver prices rise sharply after weak U.S. jobs data lowers dollar and Treasury yields.

Market News
03 Jul 2026
Kitco
View Source
Bullish
pluang ai news

Gold and silver prices surged on Friday following a weaker-than-expected U.S. employment report, which reduced pressure on the Federal Reserve to raise interest rates. Spot gold rose about 1.3% near $4,175.50 an ounce, while silver gained 2.28% to around $62.22. The softer jobs data pushed the dollar lower and kept 10-year Treasury yields near 4.5%, supporting precious metals through short-covering. Investors now await upcoming inflation data and the July Federal Reserve meeting to gauge future rate moves and inflation risks, with gold's next technical resistance near $4,200 and silver aiming above $64.

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