{"id":5621,"date":"2026-09-05T15:16:13","date_gmt":"2026-09-05T15:16:13","guid":{"rendered":"https:\/\/tradertideinsights.com\/?p=5621"},"modified":"2026-09-05T15:16:13","modified_gmt":"2026-09-05T15:16:13","slug":"evening-digest-trump-pressures-fed-as-us-jobs-rise-gold-falls","status":"publish","type":"post","link":"https:\/\/tradertideinsights.com\/?p=5621","title":{"rendered":"Evening digest: Trump pressures Fed as US jobs rise, gold falls"},"content":{"rendered":"
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President Donald Trump renewed pressure on the Federal Reserve to lower interest rates after stronger-than-expected August jobs data increased expectations of a September rate hike.<\/p>\n

US employers added 162,000 jobs in August, sharply exceeding forecasts and keeping the unemployment rate at 4.1%.<\/p>\n

Gold prices fell as stronger labor data boosted expectations for higher interest rates and lifted the US dollar.<\/p>\n

Oil prices declined on Friday but remained on track for weekly gains of more than 6% amid renewed US-Iran military exchanges.<\/p>\n

Trump renews pressure on Fed to cut interest rates<\/h2>\n

President Donald Trump intensified his pressure on the Federal Reserve on Friday, calling for lower interest rates after a stronger-than-expected August employment report boosted expectations for a potential rate hike this month.<\/p>\n

In a social media post, Trump urged Fed Chair Kevin Warsh and other policymakers to lower borrowing costs, saying, \u201cLOWER THE RATE OR I\u2019LL STOP TRADING WITH COUNTRIES WITH WHICH WE HAVE A DEFICIT.\u201d<\/p>\n

Trump argued that high interest rates put the US at a disadvantage and later said the country should have a policy rate of 1% or even 0.5%, rather than the current level near 4%.<\/p>\n

The comments marked a renewed pressure campaign against the central bank. <\/p>\n

Trump had eased his criticism of the Fed after Warsh replaced Jerome Powell as chair, but Friday’s remarks revived concerns about political pressure on monetary policy.<\/p>\n

The president also defended his threat to restrict trade with countries including Switzerland, Mexico and the European Union, although such a move would likely face legal challenges.<\/p>\n

August jobs report strengthens case for Fed Rate hike<\/h2>\n

The US economy added 162,000 nonfarm jobs in August<\/a>, according to the Bureau of Labor Statistics, significantly exceeding the 53,000 increase economists surveyed by Dow Jones had expected.<\/p>\n

The unemployment rate remained at 4.1%, in line with forecasts. <\/p>\n

August recorded the strongest monthly employment increase since March, offering a more positive picture of the labor market following weaker hiring during the summer.<\/p>\n

July\u2019s employment figure was also revised sharply higher. The BLS said the economy added 21,000 jobs in July, compared with the previously reported loss of 23,000 positions.<\/p>\n

However, wage growth remained a concern. Average hourly earnings rose 0.3% in August and were up 3.1% from a year earlier. <\/p>\n

The stronger jobs data increased market expectations for a September rate hike. Traders were pricing in roughly a 60% probability of a hike, while later short-term interest-rate futures implied about a 65% chance.<\/p>\n

Gold price falls as rate hike bets rise<\/h2>\n

Gold prices declined sharply after the employment report strengthened expectations for higher US interest rates.<\/p>\n

Spot gold fell 0.79% to $4,437.61 an ounce and briefly dropped more than 2% to an intraday low of $4,364.99. <\/p>\n

US gold futures for December delivery fell 1.35% to settle at $4,478.70.<\/p>\n

Stronger employment data can reduce the appeal of non-yielding gold by increasing expectations for higher interest rates. <\/p>\n

The US dollar also strengthened following the report, making dollar-denominated bullion more expensive for buyers using other currencies.<\/p>\n

Independent analyst Tai Wong said in a Reuters report that gold had stumbled after the strong jobs report made a September rate hike more likely unless upcoming CPI data proved weak.<\/p>\n

The market will now focus on next week\u2019s consumer and producer inflation data for further clues about the Fed\u2019s policy path.<\/p>\n

Oil price gains<\/h2>\n

Oil prices reversed losses on Friday and remained on course for strong weekly gains as renewed US-Iran military exchanges kept a risk premium in crude markets.<\/p>\n

Brent crude futures were up 0.79% at $96.27 a barrel, while West Texas Intermediate crude gained 0.20% to $91.48. <\/p>\n

Brent was up 7.6% for the week and WTI had gained 9.58%.<\/p>\n

Norbert Rucker, head of economics and next-generation research at Julius Baer, told Reuters that oil appeared to be in a phase where recurring hostilities were repeatedly reviving a risk premium in prices. <\/p>\n

He added that there was no indication the latest escalation had materially affected Middle Eastern oil exports, describing the rally as largely driven by market sentiment and fear.<\/p>\n

Citi raised its third-quarter average Brent forecast to $86 a barrel from $80, while ANZ lifted its short-term Brent forecast to $95 and warned of further upside if the Middle East conflict intensifies.<\/p>\n

The post Evening digest: Trump pressures Fed as US jobs rise, gold falls<\/a> appeared first on Invezz<\/a><\/p>\n

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President Donald Trump renewed pressure on the Federal Reserve to lower interest rates after stronger-than-expected August jobs data increased expectations of a September rate hike.US employers added 162,000 jobs in August, sharply exceeding forecasts and keeping the unemployment rate at 4.1%.Gold prices fell as stronger labor data boosted expectations for higher interest rates and lifted…<\/p>\n","protected":false},"author":1,"featured_media":5622,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-5621","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock"],"_links":{"self":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5621","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=5621"}],"version-history":[{"count":0,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/posts\/5621\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=\/wp\/v2\/media\/5622"}],"wp:attachment":[{"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=5621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=5621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tradertideinsights.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=5621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}