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Soft Jobs Data Helps Gold Rebound From $4,000 Test
Key takeaways
- Matthew Bolden Fri, July 3, 2026 at 11:15 PM GMT+7 5 min read GC=F ADP Happy Friday, traders.
- Gold's recent slide toward $4,000/oz was arrested on Thursday morning, allowing spot prices to retrace steadily higher into Friday and target a weekly close just below $4,200.
- The week's main pressure point remained the market's adjustment to a more hawkish Federal Reserve, with futures bets pricing in a growing risk that the Fed's next move could be a rate hike.
Matthew Bolden Fri, July 3, 2026 at 11:15 PM GMT+7 5 min read GC=F ADP Happy Friday, traders. Welcome to our weekly market wrap, where we take a look back at these last five trading days with a focus on the market news, economic data, and headlines that had the most impact on gold prices and other key correlated assets—and may continue to in the future.
Gold's recent slide toward $4,000/oz was arrested on Thursday morning, allowing spot prices to retrace steadily higher into Friday and target a weekly close just below $4,200.
The week's main pressure point remained the market's adjustment to a more hawkish Federal Reserve, with futures bets pricing in a growing risk that the Fed's next move could be a rate hike.
Article preview — originally published by Yahoo Finance. Full story at the source.
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