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macroJul 3, 2026, 7:50 AM

Dollar Dips as Metals Rally on Soft NFP Data

A soft non-farm payrolls report fueled a relief rally on Wall Street, reversing gold's recent downtrend and pushing the US dollar lower as rate hike expectations eased.

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Markets were volatile this week as fears of an AI bubble weighed on tech stocks. However, a soft NFP release triggered a relief rally, lifting equities.

Gold reversed its recent downtrend amid subdued rate hike expectations. The US dollar pulled back against major peers, while the broader metals complex saw gains.

Source: FXStreet Forex News