AGE Daily Gold Update

AGE Daily Gold Update presents a recap on today's action in the precious metals markets. View archives.

12/16/2025: Gold dips after jobs data

Source: Bill Musgrave, American Gold Exchange

Austin — New York spot gold dipped less than 0.1% to close under $4,305 on profit-taking after better-than-expected jobs data slightly lowered the odds of a January rate cut. Silver shed 0.4% to finish at $67.70 an ounce.

The delayed nonfarm payrolls report from the BLS showed 64,000 new jobs added in November, surpassing forecasts. The same report showed 105,000 jobs lost in October, but the data collection was incomplete because of the government shutdown. Annualized unemployment rose from 4.4% to 4.6%.

The modest job growth suggested that although hiring remains static, substantial deterioration in the labor market has yet to result from volatile trade and tariff policies this year.

Separately, retail sales were unchanged in October. Consumer spending appears intact among higher-income households while lower- and middle-income families are cutting back because of higher prices.

Fed fund futures traders slightly lowered the odds of a September rate cut to 73% from 78% yesterday, according to CME FedWatch.

Platinum slipped 0.2% while palladium rose 1.8% on supply deficits.

At the New York spot close: gold dipped $2.20 to $4,304.50; silver shed $24 cents to $67.70; platinum lost $2.70 to $1,842.25; and palladium advance $28560 to $1,607.95 n ounce.