{"id":75308,"date":"2026-07-12T20:48:45","date_gmt":"2026-07-12T20:48:45","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/gold-prices-slide-as-iran-tensions-erase-weak-us-jobs-report-rally-gains\/"},"modified":"2026-07-12T20:48:45","modified_gmt":"2026-07-12T20:48:45","slug":"gold-prices-slide-as-iran-tensions-erase-weak-us-jobs-report-rally-gains","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/gold-prices-slide-as-iran-tensions-erase-weak-us-jobs-report-rally-gains\/","title":{"rendered":"Gold Prices Slide as Iran Tensions Erase Weak US Jobs Report Rally Gains"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Gold fell 1.6% to about $4,110 as Iran halted its ceasefire on July 8, 2026.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Silver dropped 4.3% to $59.70, with the FOMC minutes showing a split Fed on rate hikes.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">The BLS reported just 57,000 June jobs, and traders now watch CPI data for the next Fed signal.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/www.tradingview.com\/symbols\/XAUUSD\/?exchange=FOREXCOM\" target=\"_blank\" rel=\"noopener noreferrer\">Spot gold<\/a> started the week near $4,175 an ounce. Futures pushed as high as $4,215.50 on Monday after the Bureau of Labor Statistics reported just 57,000 nonfarm payrolls added in June, well below the roughly 110,000 economists expected. The BLS also cut its April and May job totals by a combined 74,000. Unemployment ticked up to 4.2%.<\/p>\n<p>Traders read the weak jobs print as a sign that the Federal Reserve would move closer to cutting interest rates. The dollar weakened against major currencies. <span>Gold<\/span> and silver both climbed into the holiday-shortened week, with silver touching $62.80 an ounce and <span>gold<\/span> trading above $4,200.<\/p>\n<figure id=\"attachment_830497\" aria-describedby=\"caption-attachment-830497\" style=\"width:1412px\" class=\"wp-caption aligncenter\"><figcaption id=\"caption-attachment-830497\" class=\"wp-caption-text\">Image source: X<\/figcaption><\/figure>\n<p>The rally did not last. President Trump stated on July 8 that a fragile ceasefire with Iran was over. Renewed strikes tied to shipping in the Strait of Hormuz followed, and oil prices jumped on fears of a wider disruption. Higher oil prices pushed up <span>inflation<\/span> expectations, and Treasury yields rose along with them.<\/p>\n<figure id=\"attachment_830494\" aria-describedby=\"caption-attachment-830494\" style=\"width:1404px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-830494 size-full\" title=\"Gold Prices Slide as Iran Tensions Erase Weak US Jobs Report Rally Gains\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/screenshot-2026-07-12-at-1-59-32-pm.png\" alt=\"Peter Spina X post on gold and the war. \" width=\"1404\" height=\"664\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/screenshot-2026-07-12-at-1-59-32-pm-300x142.png 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/screenshot-2026-07-12-at-1-59-32-pm-1024x484.png 1024w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/screenshot-2026-07-12-at-1-59-32-pm-768x363.png 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/screenshot-2026-07-12-at-1-59-32-pm.png 1404w\" sizes=\"auto, (max-width: 1404px) 100vw, 1404px\"\/><figcaption id=\"caption-attachment-830494\" class=\"wp-caption-text\">Image source: X<\/figcaption><\/figure>\n<p> <span>Gold<\/span> futures fell from an open near $4,106.50 to an intraday low of $4,032.50 that same day, a drop of close to 2%. Silver fell harder. Futures closed down 4.55% at $58.54, based on data from COMEX. Spot silver briefly traded near $58 an ounce during the session. Two days later, on July 10, Trump <a href=\"https:\/\/news.bitcoin.com\/trump-warns-of-1000-missiles-aimed-at-iran-as-bitcoin-holds-near-64000\/\">warned Iran<\/a> of more military action.<\/p>\n<p>\u201cOrders have already been given, and the U.S. Military is ready, willing, and able, for a one year period of time, subject to extension, to completely decimate and destroy all areas of Iran,\u201d Trump wrote on Truth Social.<\/p>\n<p>The Federal Open Market Committee (FOMC) released its June meeting minutes the same day. The minutes showed a divided committee still focused on <span>inflation<\/span> that has not fully cooled. That kept the odds of a September rate hike near 50%, according to market pricing cited in the report, and added to the pressure on both metals just as the Iran news hit.<\/p>\n<h2>Physical Buyers Step In<\/h2>\n<p> <span>Gold<\/span> and silver both bounced back on July 9. <span>Gold<\/span> futures rose 1.43% to close at $4,140.80. Silver climbed 3.77% to about $60.75. Traders and dealers pointed to physical buying, meaning purchases of actual bars and coins rather than paper futures contracts, as the reason prices held near $4,030 to $4,080 instead of falling further.<\/p>\n<p>Premiums in physical hubs including Dubai, Shanghai, and India firmed during the dip, a sign that demand for the metal itself outpaced the selling pressure in futures markets. Analysts at <a href=\"https:\/\/www.usagold.com\/daily-precious-metals-market-report-july-9-2026\/\" target=\"_blank\" rel=\"noopener noreferrer\">USAGOLD<\/a> and Bullionvault <a href=\"https:\/\/www.bullionvault.com\/gold-news\/gold-investor-index\/gold-buying-fomo-price-crash-070720262\" target=\"_blank\" rel=\"noopener noreferrer\">described<\/a> the pattern as bargain hunting near key psychological price levels.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-830498\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/xauusd_2026-07-12_14-12-37.png\" alt=\"\" width=\"1996\" height=\"928\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/xauusd_2026-07-12_14-12-37-300x139.png 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/xauusd_2026-07-12_14-12-37-1024x476.png 1024w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/xauusd_2026-07-12_14-12-37-768x357.png 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/xauusd_2026-07-12_14-12-37-1536x714.png 1536w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/xauusd_2026-07-12_14-12-37.png 1996w\" sizes=\"auto, (max-width: 1996px) 100vw, 1996px\"\/><\/p>\n<p>Friday brought a quieter session. <a href=\"https:\/\/news.bitcoin.com\/peter-schiff-bitcoins-gold-correlation-was-never-real-and-its-nasdaq-link-just-broke\/\">Gold<\/a> futures slipped about 0.65% to close at $4,113.70, while silver eased 0.96% to $60.17. Weekend trading stayed thin, with spot <span>gold<\/span> settling between $4,108 and $4,120 and spot silver near $59.70 to $59.75 heading into the new week.<\/p>\n<p> <span>Gold<\/span> closed out the week down 1.3% to 1.6% from its July 5 starting point. Silver ended closer to $59.70, down roughly 4.3% over the same stretch.<\/p>\n<h2>Why Silver Fell Harder<\/h2>\n<p>Silver moves more than <span>gold<\/span> in both directions because more than half of silver demand comes from industrial uses like electronics, solar panels, and electric vehicles, not just investment. When growth fears rise alongside <span>inflation<\/span> fears, as they did after the Iran news, silver gets hit from two sides at once.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-830499\" src=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/silver_2026-07-12_14-12-54.png\" alt=\"\" width=\"1996\" height=\"928\" srcset=\"https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/silver_2026-07-12_14-12-54-300x139.png 300w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/silver_2026-07-12_14-12-54-1024x476.png 1024w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/silver_2026-07-12_14-12-54-768x357.png 768w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/silver_2026-07-12_14-12-54-1536x714.png 1536w, https:\/\/static.news.bitcoin.com\/wp-content\/uploads\/2026\/07\/silver_2026-07-12_14-12-54.png 1996w\" sizes=\"auto, (max-width: 1996px) 100vw, 1996px\"\/><\/p>\n<p>The <a href=\"https:\/\/news.bitcoin.com\/gold-and-silver-tighten-ratio-to-66-9-as-both-metals-roar-higher\/\">gold-to-silver ratio<\/a>, which measures how many ounces of silver it takes to buy one ounce of <span>gold<\/span>, widened during the July 8 selloff and settled in the 67 to 70 range by the weekend. A wider ratio means silver underperformed <span>gold<\/span> on a relative basis over the week.<\/p>\n<p> <span>Gold<\/span> tested support near the $4,000 to $4,100 range multiple times without breaking down, with physical buying cited repeatedly as the floor beneath the market. Resistance showed up between $4,150 and $4,200, a zone <span>gold<\/span> approached but failed to clear after Monday\u2019s early spike.<\/p>\n<h2>What Comes Next<\/h2>\n<p>Markets are now watching the next Consumer Price Index (CPI) report for confirmation on where <span>inflation<\/span> actually stands. That data will help traders decide whether the Fed\u2019s September meeting brings a rate cut, a rate hike, or no change at all.<\/p>\n<p>Central bank <a href=\"https:\/\/news.bitcoin.com\/central-bank-gold-buying-may-2026\/\">gold buying<\/a> remained a background support through the week, along with the physical demand that limited losses compared with past selloffs. <a href=\"http:\/\/www.bitcoin.com\/get-started\/bitcoin-vs-gold\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">Gold<\/a> remains down sharply from highs above $5,300 reached earlier in 2026, but the July pullback stayed shallow next to that broader correction.<\/p>\n<p>For now, <a href=\"http:\/\/www.bitcoin.com\/get-started\/bitcoin-vs-gold\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">gold<\/a> and silver traders are pricing in two competing forces. A weaker labor market points toward lower rates and higher metal prices. A wider Middle East conflict points toward higher oil, higher <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-inflation\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">inflation<\/a>, and higher bond yields, all of which work against <a href=\"http:\/\/www.bitcoin.com\/get-started\/bitcoin-vs-gold\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">gold<\/a> and silver. Until one force clearly wins out, both metals are likely to keep swinging between the two.<\/p>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/gold-prices-slide-as-iran-tensions-erase-weak-us-jobs-report-rally-gains\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Gold fell 1.6% to about $4,110 as Iran halted its ceasefire on July 8, 2026. Silver dropped 4.3% to $59.70, with the FOMC minutes showing a split Fed on rate hikes. The BLS reported just 57,000 June jobs, and traders now watch CPI data for the [&hellip;]<\/p>\n","protected":false},"author":19,"featured_media":75309,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75308"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/19"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=75308"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/75308\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/75309"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=75308"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=75308"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=75308"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}