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Gold steadies as US private sector job growth slows more than expected in August

Market News
02 Sep 2026
Kitco
View Source
Neutral
pluang ai news

Gold prices stabilized after a week of selling pressure as US private sector job growth slowed significantly in August. The ADP report showed only 38,000 jobs created, below the expected 47,000 and the slowest pace since January. Job losses were notable in manufacturing, professional services, and information sectors. This weaker labor data limited gold buying interest but helped gold hold its ground around $1,335 an ounce, reflecting cautious investor sentiment amid economic uncertainty.

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Nvidia returns $26B to shareholders with a 2,400% dividend hike, signaling more increases ahead.

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AI Insights platform cuts hotel labor costs and overtime by spotting issues early before they impact profits.

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