
U.S. Dollar Retreats As Non Farm Payrolls Drop: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY
The American currency is under pressure as traders reduce bets on hawkish Fed.
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The American currency is under pressure as traders reduce bets on hawkish Fed.

Gold vs Bitcoin Price Prediction: Recovery gains traction after unexpected decline in NFP

Gold seems to have completed its corrective pullback

The U.S. dollar gets hit after a weaker-than-anticipated jobs number.

Gold: Discretionary demand keeps bulls in control - TD Securities

EUR/USD Weekly Forecast: US inflation and war doldrums to keep shaping market's mood

Gold Weekly Forecast: Bullish pressure builds on easing Fed rate hike bets

Last week, gold posted a modest July gain, which has already given buyers a significant boost this week. With prices up 6.5% since the start of the week, gold has confirmed a major technical breakout, bringing to an end the downtrend that began in February.

Silver rallies after disappointing jobs numbers in the United States, sending yields lower in the bond markets.

Silver: Solar demand headwinds emerge – Commerzbank

Gold goes racing higher after the jobs report in the US was weaker than anticipated. However, the move has been in play for a few days.

Silver Price Forecast: Weak US payrolls fuel breakout above 50-day SMA

August 2026 could ultimately be remembered not as the month traders should have been watching Gold, but as the moment they should have been buying it.
![Silver (XAG) Elliott Wave analysis: Final push higher before reversal [Video]](https://static.pipvero.com/pipvero/uploads/2026-08/general-1-1786109438-fb0f1cc72e9ec9d5.webp)
Silver (XAG) Elliott Wave analysis: Final push higher before reversal [Video]

The US jobs report finally gave markets the catalyst they had been waiting for, sending the Dollar sharply lower and precious metals surging as traders scaled back expectations for another Fed rate hike. Nonfarm payrolls unexpectedly fell -23K in July, compared with expectations for an 85K increase, but the headline shock was only part of the story.