US Nonfarm Payrolls Unexpectedly Fall, Unemployment Hits 8-Year Low, Boosting Precious Metals

Published: Aug 10, 2026 10:24
[SMM Precious Metal Express] US July seasonally adjusted nonfarm payrolls unexpectedly fell by 23,000, the first decline since February, while the unemployment rate edged down to 4.1%, the lowest since June 2025. Weaker jobs data alongside a falling jobless rate strengthened market expectations for Fed rate cuts, providing support for precious metals.

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