Business
Gold holds steady as weak US jobs data ease Fed rate-hike expectations
October 6, 2026 at 06:30 AM
Gold prices steadied Tuesday after a weak US September jobs report curbed expectations of a Federal Reserve rate hike this month.
- Spot gold held at $4,141.81 an ounce Tuesday, while December US futures rose 0.3% to $4,169.10.
- US nonfarm payrolls added 29,000 jobs in September, below forecasts, trimming October rate-hike odds to about 20%.
- Treasury Secretary Scott Bessent downplayed borrowing-cost worries, saying higher yields align with global trends.
- Traders still assign an 86% probability to a December Federal Reserve rate hike, per CME FedWatch.