"Gold prices fell to $4,623.93 per ounce after the March 2026 NFP report showed 178,000 new jobs, significantly exceeding the 59,000 consensus estimate. This strong job growth reversed February's loss of 133,000 positions and pushed the unemployment rate down to 4.3%, with health care, construction, and transportation sectors leading the hiring gains."
"Silver remained resilient, holding above $73.75 per ounce, driven by industrial demand linked to AI data centers, solar installations, and electronics manufacturing. This demand provided a price floor for silver, even as monetary demand softened due to reduced expectations for rate cuts."
Gold prices dropped to $4,623.93 per ounce following the March 2026 NFP report, which revealed 178,000 new jobs, surpassing expectations. Silver maintained a price above $73.75 per ounce, supported by industrial demand from AI data centers and electronics. Gold has decreased approximately 15-19% from early March highs as the safe-haven premium diminished. The unemployment rate fell to 4.3%, with health care, construction, and transportation leading job gains. The stronger job data strengthened the U.S. dollar and Treasury yields, negatively impacting gold prices.
Read at news.bitcoin.com
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