Gold fell 1.6% and silver dropped 4.3% this past week as a fragile U.S. jobs report and a fresh U.S.-Iran flare-up pulled precious metals in opposite directions within days of each other.
Key Takeaways
Gold fell 1.6% to about $4,110 as Iran halted its ceasefire on July 8, 2026.Silver dropped 4.3% to $59.70, with the FOMC minutes showing a split Fed on rate hikes.The BLS reported just 57,000 June jobs, and traders now watch CPI data for the next Fed signal.“Orders have already been given, and the U.S. Military is ready, willing, and able, for a one year period of time, subject to extension, to completely decimate and destroy all areas of Iran,” Trump wrote on Truth Social.
Physical Buyers Step In Why Silver Fell Harder What Comes Next
