Overview

• Spot gold rose 0.8% to $3,562.44 after touching an intraday high of $3,578.50, while December futures climbed 1.2% to about $3,635.50.
• U.S. JOLTS openings fell by 176,000 to 7.18 million in July, signaling softer labor demand that strengthened expectations for policy easing.
• According to CME FedWatch, the probability of a 25‑basis‑point cut this month jumped to about 98% from 92% before the data.
• Analysts cited safe‑haven demand and a weaker dollar as key supports, with some seeing near‑term potential for prices to test roughly $3,600 if current conditions persist.
• Gains spread across metals, with silver near multi‑year highs (around $41–42/oz), platinum and palladium advancing, and LME copper touching $10,038, its highest since late March.