Overview
- Following Friday’s stronger‑than‑expected August jobs report, which showed 162,000 payrolls versus about 56,000 expected, investors pushed the dollar and Treasury yields up and triggered a rapid sell‑off in gold.
- Global spot gold slid roughly 1.1% intraday to lows near $4,365 and finished the week about 3% lower, leaving spot prices trading in a volatile $4,360–$4,470 range.
- Domestic markets diverged from the global pullback as Indian city rates held near ₹1.55–1.61 lakh per 10 grams and Pakistan’s reported prices jumped sharply, reflecting local taxes, import costs and firm consumer buying.
- Large asset managers and ETF flows showed renewed accumulation after the correction, with reports naming firms that have been increasing gold holdings in recent weeks as buyers used the dip to add exposure.
- Traders now await upcoming inflation data and further Fed signals because any change in inflation or rate expectations could push yields, the dollar, and gold prices sharply in either direction.