
Gold (XAU/USD) & Silver Price Forecast: Jobs Shock Boosts Gold, Silver Eyes $65.20
Weak U.S. jobs data reduces Fed tightening expectations as gold targets $4,368 and silver eyes $65.21 ahead of CPI and PPI inflation reports.
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Weak U.S. jobs data reduces Fed tightening expectations as gold targets $4,368 and silver eyes $65.21 ahead of CPI and PPI inflation reports.

Weak U.S. payrolls pressure the dollar as markets turn to July CPI for fresh Fed clues, while EUR/USD and GBP/USD test major resistance.

Silver Price Forecasts: XAG/USD confirms a bullish H&S targeting $67.17

The Euro managed to hit a few pips above the resistance of 1.1560 which could lead to another advance. As we see from the chart, prices face support around 1.1470-80 while as long as the market holds above it, the advance may could continue towards 1.1685 and above.

We still hold our previous projection for GBPUSD. As we see over the daily chart, a possible triangle formation could hold the market inside the 1.3140-80 support and 1.3505-55 resistance.

The Yen gave back some of its recent advance that was triggered by US and Japanese intervention. The pair printed above the 158.05 resistance which indicated a wider range for rebound towards the 160.85 resistance.

Gold managed to meet the target of 4330 and closed from the second target and resistance of 4382. As we see over the chart, a chance for a trading zone between Intraday support 4300 and resistance 4382 could hold prices.

XAGUSD(Silver) taking a breather XAGUSD(Silver) remains cautious even though a weaker US dollar boosted the demand for precious metals. A surge above 63.00 was a sign of strong buying pressure, pushing the price towards 65.00.

EUR/JPY Price Forecast: Positions above nine-day EMA near 183.00

Gold moves higher as weak employment data eases rate hike concerns

Euro: Weak US jobs lift EUR against US Dollar on Fed repricing – Danske Bank

USD/JPY Price Forecast: Bounces up from lows with bulls aiming for 158.65

The pair gained momentum following the release of the US labour market report for July 2026 on 7 August. Non-farm employment fell by 23,000 jobs, compared with a forecast for an increase of 80,000 jobs among economists surveyed by Reuters.

EUR/USD strengthens further as buyers press their advantage

Looking at the 4-hour chart, the pair gained pace for a move toward 1.1580. A high was formed at 1.1581, and the pair is now consolidating gains above the 23.6% Fib retracement level of the upward move from the 1.1352 swing low to the 1.1581 high.