10:58 - 6.07.2026

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July 6, Fineko/abc.az. The US labor market data that fell short of expectations weakened the likelihood of an interest rate hike by the Fed, pushing gold to its highest level in two weeks. After finishing last week with a gain of more than 2%, gold broke a four-week losing streak.

Current prices and market forecasts:

Spot Gold: Set at $4,174.66 per ounce. August futures rose 1.5% to $4,186.70.

Forecasts: J.P. Morgan analysts suggest that gold prices will rise to $4,300 in the third quarter and $4,550 in the fourth quarter.

Other metals: Silver fell 0.6% to $62.03, platinum fell to $1,636.60 and palladium to $1,271.75.

Investor's attention: The markets are currently awaiting the release of the minutes of the last Fed meeting, which will take place on Wednesday, to receive new clues regarding future monetary policy.