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Gold jumps 9% as US dollar hits 3-month low amid weak US jobs data, while Bitcoin lags behind.

Market News
17 Aug 2026
Tokenpost
View Source
Neutral
pluang ai news

Gold prices surged 9.3% over the past month, driven by weak US economic data that pushed the dollar to its lowest level in three months. US payrolls fell by 23,000 in July, and consumer spending and inflation softened, reducing expectations for a Federal Reserve rate hike. The dollar weakened, boosting gold to around $4,407 per ounce, while Bitcoin saw a slight decline, trading near $63,572. Investors now await the Federal Open Market Committee minutes for clues on future US monetary policy, which could impact both gold and Bitcoin prices.

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