Gold price falls to $4,543/oz after payrolls revisions show -79,000 jobs in 12 months to March 2026

Live updates

1. 11d ago

   Gold drops over 2% on Friday following strong U.S. jobs data

   Gold prices fell more than 2% on Friday, September 4, 2026, pushing the metal toward a weekly loss. This decline follows the release of U.S. payrolls data that exceeded expectations and increased bets for interest rate hikes. The price drop follows a volatile week where gold previously firmed as investors tracked U.S. Treasury yields and the dollar while awaiting labor market clues to predict Federal Reserve policy moves.

   Why it matters

   Gold typically moves inversely to the U.S. dollar and Treasury yields. Strong employment data often signals a robust economy, prompting the Federal Reserve to maintain or raise interest rates, which reduces the appeal of non-yielding assets like gold.

   What is confirmed

   • Gold fell more than 2% on Friday, September 4, 2026.
   • The price drop on Friday followed stronger-than-expected U.S. jobs data.
   • Gold prices rose earlier in the week as the U.S. dollar and Treasury yields eased.

   Still unconfirmed

   • Gold prices fell further on Monday following an inflation speech by Warsh and renewed tensions with Iran.

   What to watch next

   • Federal Reserve policy announcements regarding interest rate hikes
   • Future U.S. nonfarm payrolls reports
   Sources used for this update (4)

   1. www.forbes.com — Gold Price Fall Deepens After Warsh Inflation Speech, Renewed Iran Tensions
   2. www.cnbc.com — Gold rises as dollar and yields ease, with U.S. nonfarm payrolls report in spotlight
   3. www.outlookmoney.com — Gold Price Today: Yellow Metal Rebounds Over 1% As Dollar, US Yields Ease, Jobs Data in Focus
   4. www.cnbc.com — Gold slides more than 2% after robust U.S. payrolls boosts rate hike bets
   confidence 90%
2. 17d ago

   Gold drops to $4,543/oz as US payrolls are revised down by 79,000 jobs

   Gold prices fell to $4,543/oz following a preliminary benchmark estimate showing the U.S. economy created 79,000 fewer jobs than previously reported for the 12 months ending March 2026. This downward revision indicates a weaker labor market than initial data suggested. While the New York Times describes the revision as smaller and a sign of more accurate numbering, the Washington Post notes the data shows the labor market was weaker during the early part of Trump's term.

   Why it matters

   Benchmark revisions adjust monthly payroll estimates to align with more comprehensive administrative data. These changes influence investor sentiment regarding economic health and Federal Reserve policy. Gold often reacts to shifts in employment data as it affects expectations for interest rate movements.

   What is confirmed

   • The U.S. created 79,000 fewer jobs than previously reported in the 12 months to March 2026.
   • Gold prices fell to $4,543/oz.
   • U.S. job growth was marked down in a preliminary benchmark estimate.

   Still unconfirmed

   • The labor market was weaker early in Trump's term.
   • The smaller revision points to more accurate jobs numbers.

   What to watch next

   • Final benchmark employment revisions
   • Federal Reserve commentary on labor market weakness
   • Further gold price volatility tied to payroll data
   Sources used for this update (5)

   1. WSJ — The U.S. Created 79,000 Fewer Jobs Than Previously Reported, New Revisions Suggest
   2. The New York Times — Smaller Revision Points to More Accurate Jobs Numbers
   3. Bloomberg.com — US Job Growth Marked Down in Preliminary Benchmark Estimate
   4. The Washington Post — The labor market was weaker early in Trump’s term, data shows
   5. KITCO — Gold price falls to $4,543/oz after payrolls revisions show -79,000 jobs in 12 months to March 2026
   confidence 90%