Gold Tumbles Toward $4,380 as Blockbuster NFP Lifts USD

Gold falls sharply on Friday, snapping a two-day recovery after the US Nonfarm Payrolls report surprised strongly to the upside. At the time of writing, XAU/USD trades around $4,380, down 2.10% on the day. That is the Friday 4 September 2026 stamp. The metal briefly climbed above $4,500 on Thursday, gaining nearly 2%, but has since erased a large part of that advance. The Asian-session HOLD around $4,470 stays the pre-print sibling and is not restamped here.

Hot NFP. Dollar and yields bid.

The US economy added 162K jobs in August, well above market expectations for a 56K increase — the same print on our live NFP PRINT. On the print tape, July was revised higher to a gain of 21K from the previously reported 23K decline, while June payrolls were revised to 31K from 20K. The Unemployment Rate held steady at 4.1%, as expected.

The US Dollar strengthens and Treasury yields move higher across the curve. The Dollar Index trades around 99.22 after falling to a more-than-one-week low of 98.83 on Thursday — soft sibling DXY Asian. The benchmark 10-year Treasury yield retests 4.81%, its highest level since October 2023 on that page. Strong payrolls let the Fed focus more on inflation and revive September hike expectations, reversing some of the dovish Waller repricing from Thursday.

Informational only. Not trading advice, signals, or a guarantee of any market outcome.