# Jobs report and gold price: payrolls back a Fed hike

> U.S. employers added 165,000 jobs in October, well above the roughly 65,000 expected, while unemployment fell to 4.1%. Gold briefly dropped after the release and then recovered part of its losses; traders kept December Fed rate-hike expectations elevated.

- Date: 2026-11-07 · published 2026-11-08T00:15:23.042Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/86706-jobs-report-and-gold-price-payrolls-back-a-fed-hike
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Stronger employment can give the Fed more scope to raise rates, supporting the dollar and increasing the opportunity cost of holding non-yielding assets. The article gives no price implication for a listed feed or agricultural commodity.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-02-02 | [South African rand drops as dollar jumps on US jobs report](https://feedsoft.ai/events/31946-south-african-rand-drops-as-dollar-jumps-on-us-jobs-report.md) | +0.6% | +0.6% |
| DXY | 2024-09-24 | [Rupiah Rises Following Weak US PMI Report and Fed Speculation](https://feedsoft.ai/events/28626-rupiah-rises-following-weak-us-pmi-report-and-fed-speculation.md) | -0.1% | +2.5% |
| DXY | 2025-02-13 | [PPI report January 2025: Prices rose 0.4%](https://feedsoft.ai/events/25973-ppi-report-january-2025-prices-rose-0-4.md) | -0.9% | -1.8% |
| DXY | 2019-12-06 | [Dollar gains after stronger-than-expected U.S. jobs report \| Reuters](https://feedsoft.ai/events/55796-dollar-gains-after-stronger-than-expected-u-s-jobs-report-reuters.md) | -0.4% | -1.1% |
| DXY | 2024-04-10 | [Dollar Surges as a Hot US CPI Report Dampens Fed Rate Cut Expectations](https://feedsoft.ai/events/12560-dollar-surges-as-a-hot-us-cpi-report-dampens-fed-rate-cut-expectations.md) | +2.0% | +1.2% |

## Sources

- globalgoldprices.com: https://www.globalgoldprices.com/news/jobs-report-gold-price-october-payrolls-fed-hike

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.