Gold and silver gain as NFP miss pushes hike bets out - Kitco PM Report

Kitco07-02

(Kitco NewsWire) - Spot gold and silver prices are higher after the North American cash-market close Thursday, as a weaker-than-expected June payrolls report pushed the U.S. dollar lower, eased near-...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2648635293?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-07-02 20:55","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2648635293","market":"us","top_or_hot":-1,"title":"Gold and silver gain as NFP miss pushes hike bets out - Kitco PM Report","media":"Kitco","content":"<div>\n<p>(Kitco NewsWire) - Spot gold and silver prices are higher after the North American cash-market close Thursday, as a weaker-than-expected June payrolls report pushed the U.S. dollar lower, eased near-...</p>\n\n<a href=\"https://www.kitco.com/news/article/2026-07-02/gold-and-silver-gain-nfp-miss-pushes-hike-bets-out-kitco-pm-report\">Source Link</a>\n\n</div>\n","source":"kitco_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Gold and silver gain as NFP miss pushes hike bets out - Kitco PM Report</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nGold and silver gain as NFP miss pushes hike bets out - Kitco PM Report\n</h2>\n\n<h4 class=\"meta\">\n\n\n2026-07-02 20:55 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.kitco.com/news/article/2026-07-02/gold-and-silver-gain-nfp-miss-pushes-hike-bets-out-kitco-pm-report><strong>Kitco</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Kitco NewsWire) - Spot gold and silver prices are higher after the North American cash-market close Thursday, as a weaker-than-expected June payrolls report pushed the U.S. dollar lower, eased near-...</p>\n\n<a href=\"https://www.kitco.com/news/article/2026-07-02/gold-and-silver-gain-nfp-miss-pushes-hike-bets-out-kitco-pm-report\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4585","symbol_name":"ETF&股票定投概念","start_time":0,"source_url":"https://www.kitco.com/news/article/2026-07-02/gold-and-silver-gain-nfp-miss-pushes-hike-bets-out-kitco-pm-report","article_id":"2648635293","we_media_id":null,"thumbnails":[],"rights":{"source":"kitco_highlight","url":"https://www.kitco.com/news/article/2026-07-02/gold-and-silver-gain-nfp-miss-pushes-hike-bets-out-kitco-pm-report","rn_cache_url":null,"directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=2648635293","pubTimestamp":1782996900,"columns":[],"sourceInfo":{"source_id":"kitco_highlight","name":"Kitco"},"weMediaInfo":null,"summary":"(Kitco NewsWire) - Spot gold and silver prices are higher after the North American cash-market close Thursday, as a weaker-than-expected June payrolls report pushed the U.S. dollar lower, eased near-t","collect":0,"end_time":0,"defaultTopTitle":"kitco.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4585":"ETF&股票定投概念","IAUI":"NEOS Gold High Income ETF","BGLD":"FT Vest Gold Strategy Quarterly Buffer ETF","GLL":"2倍做空黄金ETF-ProShares","BK4570":"地缘局势概念股","GLD":"黄金ETF-SPDR","IAUM":"ISHARES GOLD TRUST MICRO","AAAU":"Goldman Sachs Physical Gold ETF","KGLD":"Kurv Gold Enhanced Income ETF","BK4547":"WSB热门概念","DGZ":"做空黄金ETN(德银)","YGLD":"Simplify Gold Strategy PLUS Income ETF","BK4504":"桥水持仓","SHNY":"MICROSECTORS GOLD 3X LEVERAGED ETN","GLDY":"Defiance Gold Enhanced Options Income ETF","GLDM":"SPDR Gold MiniShares Trust","BK4588":"碎股","BK4550":"红杉资本持仓","IGLD":"FT Vest Gold Strategy Target Income ETF®","SLV":"白银ETF-iShares","UGL":"2倍做多黄金ETF-ProShares","FGDL":"FRANKLIN RESPONSIBLY SOURCED GOLD ETF","BAR":"GraniteShares Gold Shares","DZZ":"德银黄金两倍做空ETN","OUNZ":"VanEck Merk黄金股票基金","USG":"USCF Gold Strategy Plus Income Fund","DULL":"MICROSECTORS GOLD -3X INVERSE LEVERAGED ETN","DGP":"二倍做多黄金ETN(PowerShares)","IAU":"黄金信托ETF-iShares","SGOL":"Abrdn Gold ETF Trust"},"translate_title":"NFP失误推动加息押注，黄金和白银上涨-Kitco PM报告","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"YGLD":0.6,"GLL":0.6,"DZZ":0.6,"OUNZ":0.6,"GLDM":0.6,"GLDY":0.6,"UGL":0.6,"SGOL":0.6,"BAR":0.6,"GLD":1.9,"IAUM":0.6,"DULL":0.6,"USG":0.6,"KGLD":0.6,"SLV":1.85,"XAGUSD.FOREX":1.85,"IAUI":0.6,"IAU":0.6,"IGLD":0.6,"XAUUSD.FOREX":1.9,"DGP":0.6,"BGLD":0.6,"SHNY":0.6,"AAAU":0.6,"FGDL":0.6,"DGZ":0.6},"content_text":"(Kitco NewsWire) - Spot gold and silver prices are higher after the North American cash-market close Thursday, as a weaker-than-expected June payrolls report pushed the U.S. dollar lower, eased near-term Federal Reserve tightening fears and helped metals extend their post-data rebound. At the time of writing, spot gold was trading near $4,135.60 an ounce, while Comex gold settled at $4,112.70, up 1.09% on the session. Comex silver settled at $60.643, up 0.93%.Gold’s rebound followed a payrolls miss that shifted the session from inflation-defense positioning toward growth-risk hedging. Silver outperformed on the week, ending a seven-week losing streak in futures and recovering further from late-June lows, while gold posted its strongest weekly gain since late May.This morning’s nonfarm payrolls report moved the Fed-rate debate further out the curve. Payrolls rose 57,000 in June, below the 115,000 consensus, while unemployment fell to 4.2% and April-May payrolls were revised down by a combined 74,000. The dollar weakened after the release and rate traders pushed expectations for any additional tightening toward December rather than October. The 10-year Treasury yield was still near the 4.5% area late in the session, so the data did not deliver a clean rate-relief trade, but it reduced the urgency of near-term hike pricing and supported gold’s move back above $4,100.The Strait of Hormuz situation is best characterized as a lower-risk but unresolved chokepoint. Daily vessel traffic has stabilized between 30 and 60 crossings over the past week, averaging about 40 vessels a day, after recent cargo-ship and oil-tanker incidents disrupted the recovery in flows. Oil prices are back near prewar levels, with WTI near $68.69 and Brent near $71.80, as U.S.-Iran negotiations and increased Strait traffic reduced the immediate energy-risk premium. The gold impact is now secondary: the market is pricing less panic demand from Hormuz, but continued uncertainty over transit authority, Iranian routing claims and U.S. freedom-of-navigation warnings keeps a residual geopolitical bid in the background.The key outside markets see Nymex WTI crude oil prices slightly higher and trading around $68.69 a barrel, while Brent crude was near $71.80. The U.S. dollar index is lower. The yield on the benchmark 10-year U.S. Treasury note is trading near the 4.5% area.Technically, spot gold bulls' next upside price objective is to push prices back above the $4,162.36 to $4,214.34 resistance zone, with a sustained move targeting $4,382.62 and then $4,411.94. Bears' next near-term downside price objective is a break below $3,959.00, with deeper downside targets at $3,942.10 and then $3,886.46. First resistance is seen at $4,162.36 and then at $4,214.34. First support is seen at $3,959.00 and then at $3,942.10.Spot silver bulls' next upside price objective is to drive prices back above the $60.05 to $63.32 area, with a move above that zone targeting $65.03 and then $69.85. The next downside price objective for the bears is a break below $58.83, with deeper downside targets at $58.00 and then $55.58. First resistance is seen at $60.05 and then at $63.32. Next support is seen at $58.83 and then at $58.00.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":false,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"isLaohu8Offline":false,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.45.2","shortVersion":"4.45.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2648635293","isCrawlerRequest":true}