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Gold and silver prices fall as weak U.S. jobs data lowers Fed hike odds but yields and dollar pressure persist

Market News
02 Oct 2026
Kitco
View Source
Neutral
Gold and silver prices fall as weak U.S. jobs data lowers Fed hike odds but yields and dollar pressure persist

Gold and silver prices declined Friday after U.S. payrolls data showed weaker-than-expected job growth, reducing the likelihood of a Fed rate hike in October. Despite this, elevated Treasury yields, a strong dollar, and ongoing oil market risks kept downward pressure on precious metals. Equities rose on the softer labor data, while oil prices fell amid easing Middle East supply concerns. Investors now await upcoming inflation data and Fed commentary to gauge future rate moves and their impact on gold and silver prices.

Metals market reaction to jobs data and oil prices is provided here with Pluang's market snapshot as of Oct 03, 2026 00:51 WIB: Out of 150 priced US stocks tradable on Pluang, 77 rose and 71 fell today. Notable movers include CSCO (Cisco Systems Inc) at USD 111.64 with a 1-day change of +3.05% and a Pluang order activity of 98% Sell / 2% Buy, CVNA (Carvana Co) at USD 64.90 up +2.95% with 0% Sell / 100% Buy, and CCL (Carnival Corp) at USD 25.80 up +2.91% with 99% Sell / 1% Buy. The most notable figure is CSCO's 98% sell order activity on Pluang.

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