Gold Dips Slightly as Market Waits for Fed Decision
Published on August 5, 2025
Published on August 5, 2025
Gold prices eased a little on Tuesday, taking a breather after rising for three straight days. Investors are watching closely as weak U.S. job data has raised hopes that the Federal Reserve will cut interest rates in September.
π Spot gold dropped 0.2% to $3,364.65
π Gold futures (Dec) also fell 0.2% to $3,419.02
Weak U.S. Jobs Report: Only 73,000 jobs were added in July — far less than expected.
Unemployment rose to 4.2%, signaling a slowing economy.
Markets now expect a 92% chance of a rate cut next month.
Lower rates tend to boost gold, since it doesn’t pay interest.
Global tensions are rising after U.S. threats to raise tariffs on India for buying Russian oil.
These tensions are pushing some investors toward safer assets like gold.
πͺ Platinum fell 0.9% to $1,329.20
π¦ Silver rose 0.4% to $37.48
π« Copper dipped 0.2% after a 20% drop last week, as U.S.
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