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macroJul 1, 2026, 7:14 PM

Gold Rises as Fed Chair Wars Sees Less Hawkish Than Expected

Gold advanced after traders interpreted Fed Chair Kevin Wars’ remarks as less hawkish than anticipated, with easing inflation risks supporting bullion. Markets now await Thursday’s U.S. payrolls report for further rate guidance.

XAUUSD

Gold prices climbed as market participants viewed comments from Federal Reserve Chair Kevin Wars as less hawkish than previously feared. Although Wars reaffirmed his commitment to restoring price stability, the tone was perceived as tempered, especially against a backdrop of easing inflation risks.

Investors now pivot to the upcoming U.S. payrolls report due Thursday, which could influence expectations for the Fed’s next interest-rate decision. The data will be closely watched for clues on labor market strength and its implications for monetary policy.

Source: First Squawk