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Gold Price Analysis – Gold Gains Capped by Persistent High Interest Rates

The gold market rallied on Thursday, as the jobs number in the US had disappointed traders, with an addition of just 54,000 jobs in June. The United States will be on holiday for Friday, so be aware of the liquidity issues.
Date: 02.07.2026  |  Source: fxempire.com
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Quotes

Instrument Price Change (%)
EURUSD 1.143490 +0.44416%
GBPUSD 1.334840 +0.55898%
USDJPY 161.041000 -0.90943%
XAUUSD 4120.755000 +2.20874%
USDCAD 1.417780 -0.25959%
NZDUSD 0.569760 +0.39741%
USDCHF 0.803460 -0.67866%
AUDUSD 0.692070 +0.33631%
EURGBP 0.856600 +0.015179%
EURJPY 184.146000 -0.43525%
GBPJPY 214.961000 -0.40125%
AUDJPY 111.447000 -0.53815%
CADJPY 113.596000 -0.64548%
CHFJPY 200.426000 -0.19719%
NZDJPY 91.744000 -0.48594%
GBPCHF 1.072490 -0.20192%
EURCHF 0.918700 -0.22806%
USDMXN 17.481770 -0.2865%
USDZAR 16.266200 -0.75922%
USDTRY 46.687600 +0.040927%
USDRUB 77.495900 +0.00129%
USDSEK 9.665050 -0.62565%
USDCNY 6.773800 -0.12091%

Upcoming Important Events

Time Country Event Forecast Previous
06.07.2026
14:00 🇺🇸 ISM Non-Manufacturing PMI (Jun) 54.5
14:00 🇺🇸 ISM Non-Manufacturing Prices (Jun) 71.3
14:00 🇺🇸 ISM Services PMI (Jun) 54 54.5
07.07.2026
14:00 🇨🇦 Ivey PMI (Jun) 50 58.2
08.07.2026
18:00 🇺🇸 FOMC Minutes
09.07.2026
01:30 Inflation Rate YoY (Jun) 1.2 1.2
14:00 🇺🇸 Existing Home Sales (Jun) 4.2 4.17
10.07.2026
12:30 🇨🇦 Unemployment Rate (Jun) 7 6.6