Gold extended its gains for a third consecutive session on Wednesday, reaching a one-month high as a softer U.S. dollar and lower crude oil prices supported demand. Investors also assessed U.S. labor-market data for signals on the interest-rate outlook. ADP’s report of NFP showed 44K additions versus 68K expected, while the Final Services PMI came in at 54.6, slightly above the 53.6 estimate.
Gold futures rose 2.82% to an intraday high of $4,279.5 per ounce by 10:06 US Eastern, marking their highest level since early July’26.
The U.S. dollar remained under pressure, increasing the appeal of dollar-denominated metals for holders of other currencies. Crude oil also continued to decline after sharp losses in the prior two trading sessions. Softer oil prices may help ease inflation concerns, which in turn influence expectations for higher interest rates.
Qatar said mediators were making progress in efforts to end the U.S.-Iran war, although Tehran denied U.S. President Donald Trump’s claim that talks are already underway.
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Why choose futures trading over stocks?
Futures can offer several meaningful advantages compared with traditional stock trading, especially for traders who value flexibility, liquidity, and efficient market access.
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- More efficient and transparent market structure
- Contracts that function primarily as paper investments
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