Gold Falls to $4,543 After US Cuts Payrolls by 79,000

1 articles · Updated · Kitco NEWS · Aug 28

$4,543.80 an ounce marked spot gold’s session low after the Bureau of Labor Statistics published a preliminary annual payroll benchmark revision and the metal later traded at $4,564.05, down 0.83%.
The revision showed total nonfarm employment for March 2026 was overstated by 79,000 jobs, or 0.1%, while private employment was revised down by 178,000.
Those figures were smaller than the average annual benchmark adjustment of 0.2% over the past decade, limiting the labor-market shock from the release.
The payroll revision landed alongside Fed Chair Warsh’s Jackson Hole speech and final consumer sentiment data, with the benchmark change set to be folded into official estimates in February 2027.