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

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.

More News

Man recovers $4.4M in Bitcoin after 12 years following exchange collapse

Man recovers $4.4M in Bitcoin after 12 years following exchange collapse

A British man known as Chris reclaimed 61 BTC worth $4.4 million after 12 years of legal battle following the 2014 collapse of Intersango, a UK bitcoin exchange. Initially buying bitcoin in 2011, Chris left his coins in the exchange custody, which sh...

Market News
Bullish
4 hours ago
XPENG launches world's first advanced humanoid robot production line, marking shift to mass manufacturing.

XPENG launches world's first advanced humanoid robot production line, marking shift to mass manufacturing.

XPENG has started operating the world's first advanced humanoid robot production lines, successfully transitioning from R&D to mass manufacturing. Their humanoid robot, IRON, features high dexterity, AI intelligence, and automotive-grade quality, des...

Market News
Bullish
4 hours ago
Lemonade CFO Tim Bixby to speak at two investor conferences in September 2026.

Lemonade CFO Tim Bixby to speak at two investor conferences in September 2026.

Lemonade announced that CFO Tim Bixby will participate in the KBW Insurance Conference on September 10 and the FT Partners FinTech Conference on September 15, 2026. His appearances will include one-on-one meetings and fireside chats, with webcasts av...

Market News
Neutral
4 hours ago
ExxonMobil stays a buy with record cash flow and strong production growth targets through 2030.

ExxonMobil stays a buy with record cash flow and strong production growth targets through 2030.

ExxonMobil maintains a buy rating due to strong free cash flow, disciplined capital spending, and attractive valuation. In Q2, the company achieved record upstream production, generated $18.9 billion in free cash flow, and returned $5.1 billion to sh...

Analyst Insights
Bullish
4 hours ago
Abraxas Capital reportedly moves nearly 13,000 ETH to its wallet, but purchase not confirmed.

Abraxas Capital reportedly moves nearly 13,000 ETH to its wallet, but purchase not confirmed.

Abraxas Capital is reported to have acquired about 13,000 ETH based on several large transfers from Binance to a wallet labeled as theirs on September 7, 2026. However, there is no confirmed evidence that these transfers represent a new purchase rath...

Market News
Neutral
4 hours ago
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