Gold Eases to $4,405 as Robust U.S. Jobs Data Fuels Rate Hike Expectations

09:22 - 7.09.2026


September 7, Fineko/abc.az. Spot gold prices dipped 0.5% to $4,405.47 per ounce, driven lower by strong U.S. employment data that bolstered expectations for higher interest rates. U.S. gold futures similarly edged down 0.5% to $4,452.20 per ounce.

Market participants are currently focused on key U.S. inflation data scheduled for release this week to gauge the Federal Reserve's monetary policy path. According to the CME FedWatch Tool, traders are pricing in a 58.4% probability of a rate hike at the Fed's September 15–16 meeting.

Other precious metals tracking lower:

  • Silver: Down 0.2% to $66.03 per ounce
  • Platinum: Down 0.8% to $1,805.53 per ounce
  • Palladium: Down 0.7% to $1,396.08 per ounce