US nonfarm payrolls came in below expectations, bloomberght.com reported on Friday, October 2, 2026. The soft reading on the labor market was described by the outlet as a downside surprise.
The weak employment figure moved metals markets. Gold prices rose sharply after the data was released, according to Son Dakika, which said the market had been waiting for the number. Cumhuriyet reported that both gold and silver prices climbed once the US data became public.
Bigpara also covered the release, noting that the key US unemployment figure was now known. Ahead of publication, Investing.com Türkiye reported that gold had held steady as traders awaited the employment data.
The reports do not include the specific payroll or unemployment figures, and no further details on the size of the moves in gold and silver were provided in the summaries.
The data matters because US employment readings are closely watched by investors for signals about the direction of the world's largest economy and, in turn, for how assets such as precious metals may trade.
What to watch next: follow-up coverage for the exact payroll and unemployment numbers, and whether gold and silver hold their gains in the sessions that follow.
