Gold breaks $4,300 after weak US jobs report, new rally possible

Gold ended the trading week above $4,300, breaking key resistance after months of consolidation and potentially signaling the start of a new rally. The breakout followed a surprisingly weak US July jobs report, raising questions about the Federal Reserve’s September rate decision. Yields and the dollar fell, boosting gold, silver, and platinum. Gold ETFs also saw renewed inflows after weeks of outflows, while central bank buying remained stable. Further resistance lies at $4,500 and $4,800. The FOMC meeting on September 15-16 is seen as a key test; gold producers including Barrick, Newmont, and Kinross are showing upward momentum.