U.S. June Jobs Growth Plunges to 57,000, Stoking Gold and Silver Rebound

According to market analysts at Chinese futures firms, U.S. job additions fell to just 57,000 in June, far below expectations, triggering a shift in Federal Reserve rate-hike expectations and spurring a rebound in precious metals. The miss—combined with downward revisions of 74,000 to prior months—weakened the U.S. dollar and Treasury yields, providing macroeconomic support for gold and silver.

Analysts expect precious metals to sustain their short-term rebound as Fed tightening concerns ease, though price swings may remain wide amid lingering geopolitical risks in the Middle East. Market participants will closely watch upcoming employment data and shifts in U.S. interest rate expectations.