LatestCorporate Compliance 7 November 2026
Gold, Silver Rise After US Jobs
Gold and silver prices climbed on July 11, 2026, after the US economy added 165,000 jobs in October, far surpassing the 65,000 forecast. The strong data fuels speculation that the Federal Reserve may keep rates steady ahead of its policy meeting next month.
Gold hovered around ₹24,000 per 10 g on the MCX, while silver traded near ₹22,000 per kilogram. The surge follows robust US labor data, pushing investors toward safe‑haven metals.
- US added 165,000 jobs in October, well above the 65,000 expected.
- Strong employment figures raise hopes the Fed may hold rates steady ahead of its policy meeting next month.
- Higher demand for gold and silver reflects market uncertainty.
Source: Goodreturns article
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