Gold Prices Rise 1% Following US Data Showing Decline In Job Openings

2025-09-03 07:13:06

(MENAFN- The Peninsula) QNA

New York: Gold continued its record rise Wednesday, supported by weak economic data that boosted expectations of a Federal Reserve interest rate cut this month, while global uncertainty increased demand for the safe haven.

Spot gold rose 0.9% to $3,562.80 per ounce as of 14:46 GMT, after hitting an all-time high of $3,565.57.

US gold futures rose 1% to $3,627.40.

The US government reported that job openings declined at a pace exceeding expectations in July, and that the employment rate was moderate, in line with the weakening labor market conditions.

As for other precious metals, silver rose in spot transactions, supported by the gold rally, by 0.8% to $41.22, the highest level since September 2011.

Platinum jumped 2.1% to $1,432.12, and palladium rose 1.6% to $1,152.68.

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