Gold Futures Rise to $4,165.10 on July 6, Up 0.95% for Third Consecutive Day

XAU-0.42%
According to CME COMEX, August gold futures (GCQ6) rose to $4,165.10 per troy ounce on July 6, gaining $39.40 or 0.95% from the previous close. The contract extended gains for a third consecutive trading day, reaching an intraday high of $4,215.50 before moderating. The rally was driven by softer-than-expected June non-farm employment data, which reduced expectations for Federal Reserve interest-rate increases. According to CME FedWatch data, the probability of the federal funds rate remaining unchanged through December 2026 rose to 23.4% from 19.8% before the jobs report.
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