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US Jobs Report
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NewsUS Economy Shed 23,000 Jobs in July; Gold Jumps 2.7% to $4,355, Silver Up 4.25% (Friday, August 7, 2026)
The US jobs report for July showed the economy lost 23,000 jobs, against forecasts of roughly 80,000 to 83,000 new jobs; the unemployment rate unexpectedly fell from 4.2% to 4.1%, but only as labor force participation dropped to its lowest since 2021. In reaction, spot gold jumped about 2.7% to $4,355.04 on Friday, August 7, 2026, and silver rose 4.25% to the $64.20 area.
Market updateIran Market Pulse: Friday Midday, August 7, 2026; Gold and Silver Jump Ahead of the US Jobs Report as Gold Hits $4,289
At midday Friday, 16 Mordad 1405 (August 7, 2026), with the Tehran Stock Exchange closed for the week, global spot gold rose about 1.1% to $4,289 an ounce and silver jumped more than 3% to near $63.70, both ahead of the US July jobs report due at 16:00 Tehran time, which could sharpen the outlook for Fed rate policy. Brent crude traded near $83.40 as Strait of Hormuz tensions persisted.
AnalysisBitcoin Stalls Near $64,500; Friday's US Jobs Report Set to Decide the Next Move
Bitcoin traded near $64,469 on the evening of Thursday, August 6, 2026, after two days of failed attempts to clear $65,000. The market is watching Friday's US jobs report, which could shift the odds of a September Fed rate hike and decide Bitcoin's next move. Iran's domestic Tether rate is trading at a similarly elevated level.