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Gold surges as weak U.S. jobs data raises rate cut hopes (GLD:NYSEARCA)
  • Finance Expert

Gold surges as weak U.S. jobs data raises rate cut hopes (GLD:NYSEARCA)

  • August 1, 2025
  • Roubens Andy King
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monsitj/iStock via Getty Images

Gold futures surged Friday after weaker than expected U.S. payrolls came in softer than expected in July, boosting expectations for an interest rate cut by the Federal Reserve.

U.S. job growth slowed more than expected last month, with non-farm payrolls adding just

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