Access Restricted for EU Residents
You are attempting to access a website operated by an entity not regulated in the EU. Products and services on this website do not comply with EU laws or ESMA investor-protection standards.
As an EU resident, you cannot proceed to the offshore website.
Please continue on the EU-regulated website to ensure full regulatory protection.
Monday Sep 7 2026 02:40
2 min
International spot gold, quoted as XAU/USD, fell to approximately $4,395 per troy ounce during the Asian session on September 7. The market update published at 01:33 GMT, or 09:33 Singapore time, showed bullion trading below the closely watched $4,400 threshold as expectations of a September Fed rate increase strengthened. This is a timestamped market quote rather than a live executable price.
Gold’s immediate challenge is whether buyers can restore a sustained foothold above $4,400 as attention shifts from employment figures to inflation.
The US economy added 162,000 nonfarm jobs in August, and the unemployment rate remained at 4.1%. July’s payroll increase was revised to 21,000. Average hourly earnings rose 0.3% during August and 3.1% from a year earlier.
The payroll result exceeded market expectations of 56,000. Following the release, reported market pricing placed the probability of a September rate increase at roughly 58%, compared with around 50% earlier in Friday’s session.
Higher interest rates can weaken gold’s appeal by increasing the opportunity cost of holding an asset that pays no interest. However, the employment report alone does not settle the policy outlook.
The August US Consumer Price Index report is scheduled for Friday, September 11, at 8:30 a.m. Eastern Time, or 8:30 p.m. Singapore and Beijing time.
A stronger-than-expected inflation reading could reinforce rate-hike expectations and extend pressure on gold. Softer inflation could weaken that outlook and help bullion recover. Around $4,400, price action will offer an initial indication of whether selling pressure is easing; the round-number threshold alone does not establish a confirmed technical floor.
Risk Warning: This article is provided for informational purposes only and does not constitute investment advice, investment research, or a recommendation to trade. The views expressed are those of the author and do not necessarily reflect the position of Markets.com. When considering shares, indices, forex (foreign exchange), and commodities for trading and price predictions, remember that trading CFDs involves a significant degree of risk and may not be suitable for all investors. Leveraged products can result in capital loss. Past performance is not indicative of future results. Before trading, ensure you fully understand the risks involved and consider your investment objectives and level of experience. Cryptocurrency CFD trading restrictions may apply depending on jurisdiction.
Latest
View all
Sunday, 6 September 2026
17 min
Sunday, 6 September 2026
14 min
Sunday, 6 September 2026
9 min
Sunday, 6 September 2026
Indices
Gold Price Today, September 7: Gold Slips Below $4,400 as Fed Hike Bets Rise
Sunday, 6 September 2026
Indices
US Jobs Report Beats Forecasts: Will 162,000 New Payrolls Push the Fed to Hike in September?
Sunday, 6 September 2026
Indices
Apple September Event Preview: Will the First Foldable iPhone Lift AAPL Stock?
Sunday, 6 September 2026
Indices
OpenAI’s GPT-6 Astra Could Boost CPU Demand and Benefit Intel and AMD
Sunday, 6 September 2026
Indices
US CPI Preview: Will August Inflation Seal a September Fed Rate Hike?
EN
