Analysis: Gold prices boosted by non-farm payroll data and recent remarks by Waller

Odaily reported that the lower-than-expected U.S. non-farm payroll data boosted gold prices. After a slight decline before the report's release, gold prices are now up 2%. Data from the U.S. Bureau of Labor Statistics showed only 57,000 non-farm jobs were added in June, below the 115,000 forecast by analysts. This surprising data drove stock and commodity prices higher, as the report eased market concerns about future interest rate hikes. Additionally, remarks by Federal Reserve Chair Waller downplayed market worries about interest rates. The most actively traded silver also rose, gaining 4%. (Jinshi Data)