Gold spot prices surged to $3350/oz after a weak Jobs Report and new tariffs triggered market shock. The Fed held rates steady but hinted at future moves depending on inflation and tariff-driven risks. Volatility is expected to continue into next week due to limited economic data and elevated uncertainty. Gold prices rebounded moderately following the Fed announcement, but a rally was limited by headwinds. July’s Non-Farm Payrolls data showed a disappointing 73K jobs added, prompting a sharp spike in gold prices to $3340/oz. The shock of instability and pressure on the Fed to cut rates have boosted gold as markets prepare for continued volatility next week.

Read more at Yahoo Finance: Gold Surges to $3350 as Tariffs and Weak Jobs Data Rattle Markets