Gold tops $4,200 as ADP payrolls miss expectations
TL;DR Summary
Gold rose above $4,200 an ounce after ADP reported July private payrolls advanced only 44,000—well below forecasts—sparking momentum as traders weigh the Fed’s stance amid stubborn wage inflation. Spot gold traded around $4,210, up over 3%, with analysts noting the data keeps the Fed under pressure to support the labor market, while Friday’s big payrolls report looms as a potential catalyst.
- Gold prices push above $4,200 as ADP says 44k jobs created in July KITCO
- Private companies added just 44,000 workers in July, below expectations, ADP reports CNBC
- Employers are hiring less but paying more Axios
- Private sector added 44,000 jobs in July, below expectations, ADP says Fox Business
- ADP National Employment Report: Private Sector Employment Increased by 44,000 Jobs in July; Annual Pay was Up 4.4% PR Newswire
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